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.
1-bedroom, 1-bathroom apartment of 64 m² on the 1st floor, built in 1984, energy rating D. Located São Gonçalo de Lagos parish, Lagos municipality, Faro district. This apartment features a charming balcony offering picturesque sea views and is part of a quiet, owner-occupied building of only 8 units, enhancing its appeal for peaceful living.
The asking price of €249,000 is significantly above our assessed fair value of €202,000, indicating a gap of €47,000, or an 18.8% downside relative to the asking price. Our confidence in this fair value assessment is low.
The asking price is above the fair value. This property's fair value is established through a combination of the Transaction model, which uses real transaction data from São Gonçalo de Lagos, and the Adjusted asking-price model based on current listings, each contributing 50%. Conservative adjustments are applied, particularly accounting for the cost to cure where relevant, resulting in a fair value of €202,000. Given the asking price of €249,000, there is an 18.8% downside compared to this asking price, indicating a significant gap. The confidence in this valuation is low.
Gross yield 5.5% (before costs)
No specific strategy stands out for this property.
Negotiation room: Negotiation context: asking prices in this municipality run about 24% above what similar homes actually sell for, so there is usually room to negotiate
The asking price of this 1-bed apartment in São Gonçalo de Lagos is above its fair value, which presents a significant downside of 18.8%. The apartment's condition is moderate, scoring 63/100, while the neighborhood receives a much lower score of 50/100, indicating potential concerns about location desirability. Investors should carefully consider these factors when evaluating the property against its asking price.
Indicative, before costs, vacancy and management. Not investment advice.
Economic and tenant stability risk: The combined economic and tenant stability scores of 50/100 indicate a moderate risk, suggesting potential volatility in rental income and tenant occupancy levels. Data quality findings risk: While the data-quality check passed, the absence of micro-location transaction data for this address could limit the reliability of future property evaluations. Fair value certainty risk: The valuation at fair value €202,000 comes with low confidence due to discrepancies in estimates and a municipality reference under scrutiny, indicating uncertainty in the assessed value.
Grade AFindings: 1
Confirmed findings from our checks of this listing. They inform; they do not change the valuation.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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