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.
3-bedroom, 2-bathroom apartment of 161 m² on the 2nd floor, built in 2007, energy rating D. Located on rua Gomes Vinagre, São Gonçalo de Lagos parish, Lagos municipality, Faro district. This apartment features a private terrace accessible from the main bedroom, enhancing outdoor living and entertainment options in a prime location near the Marina of Lagos.
The asking price of €495,000 is above our assessed fair value of €410,000, indicating a downside of €85,000, or 17.3%. Confidence in this fair value is medium.\nThe estimated gross yield is 6.4%, which corresponds to around €2,640 per month, serving as context only.
The asking price is above the fair value. The valuation combines two models: the Transaction model, which uses real transaction data from São Gonçalo de Lagos, and the Adjusted asking-price model, which adjusts current listings to reflect sale prices. These two models are combined with a weighted average, giving 55% weight to the Transaction model and 45% to the Adjusted asking-price model. Conservative adjustments were applied, focusing on area and other relevant factors. As a result, the fair value is estimated at €410,000, indicating the asking price is €85,000 (17.3% downside) above the fair value. Confidence in this valuation is medium.
Gross yield 6.4% (before costs)
No specific strategy stands out for this property.
When evaluating this property, investors should consider its condition, which is rated at 82/100, alongside the neighborhood score of 50/100, indicating mixed potential. The asking price of €495,000 is significantly above the fair value of €410,000, representing a downside of 17.3% versus the asking price, which suggests caution in the investment decision given the market conditions and valuation discrepancies.
Indicative, before costs, vacancy and management. Not investment advice.
Economic and tenant instability risk The economic stability and tenant stability scores are both at 50/100, indicating a risk of low demand and potential income instability from the property due to a moderate economic environment and tenant retention issues. Fair value certainty risk The fair value of the property is assessed at €410,000 with medium confidence, suggesting that the valuation is subject to uncertainty and could be influenced by the watch status of the municipality and the lack of micro-location transaction data.
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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