This listing includes AI condition scoring, neighbourhood intelligence, and market valuation data — giving you a complete picture before you visit. Compare rental yield, price per square metre, and location strength against the broader Portuguese market to assess whether this property fits your investment strategy.
2-bedroom, 1-bathroom apartment of 100 m², built in 1991, energy rating D. Located São Gonçalo de Lagos parish, Lagos municipality, Faro district. The property features a central location in Lagos, providing immediate access to various services and supermarkets, making it highly convenient for daily living.
The asking price of €289,000 is slightly below our assessed fair value of €292,000, which provides only a marginal upside of 0.9%. This assessment reflects a medium level of confidence in the fair value estimate. Rental yield. The estimated gross yield is 5.8%, approximately €1,397 per month based on current market conditions.
The property's fair value is built using a combination of two models. The Transaction model, which uses real transaction data, accounts for 55% while the Adjusted asking-price model, based on current listings, makes up 45%. Conservative adjustments are applied to ensure accuracy, particularly using the most conservative area readings. As a result, the fair value is set at €292,000, slightly above the asking price of €289,000. Therefore, the asking price is in line with the fair value.
Gross yield 5.8% (before costs)
No specific strategy stands out for this property.
Investors should consider the 2-bed apartment in São Gonçalo de Lagos, which is listed at €289,000, closely aligns with its fair value of €292,000, presenting a minimal upside of 0.9%. The property's condition is rated 76/100, indicating good maintenance, while the neighbourhood score of 50/100 suggests a mixed appeal. With a gross yield of 5.8%, this investment reflects potential steady performance but requires further evaluation of personal investment objectives.
Indicative, before costs, vacancy and management. Not investment advice.
Economic and tenant stability risk The economic stability score of 50/100 and the tenant stability score of 50/100 indicate a moderate risk that could impact rental income and occupancy rates negatively. Fair value certainty risk The medium confidence in the fair valuation of €292,000, coupled with a municipality reference on watch against INE and the lack of micro-location transaction data, suggests uncertainty about the accurate fair value of the property.
Grade AFindings: 0
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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