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, 2-bathroom apartment of 168 m² on the 3rd floor, built in 2006, energy rating C. Located on largo da República, São Gonçalo de Lagos parish, Lagos municipality, Faro district. This apartment features a meticulously maintained balcony/terrace with high-quality wooden ceilings and modern glass railings, contrasting sharply with its more standard interior finishes.
The asking price is below the fair value, indicating that this property is not undervalued. The estimated gross yield is 5.8%.
The fair value of this property is determined using a combination of two models. The Transaction model, based on 303 real transaction data from sales in São Gonçalo de Lagos, is weighted at 55%. The Adjusted asking-price model, which is based on current listings and adjusted to match sale prices, is weighted at 45%. No conservative adjustments were necessary for this property. As a result, the fair value is set at €492,000, indicating that the asking price is in line with the fair value, with a 2.5% upside and a high confidence level.
Gross yield 5.8% (before costs)
No specific strategy stands out for this property.
Given the condition rating of 76/100, the apartment is in decent shape but may require some attention depending on the investor's objectives. The location score of 50/100 indicates a mixed area that could present challenges in terms of desirability and future growth. While the asking price is in line with the fair value, it is crucial for the investor to consider these factors carefully alongside the 5.8% gross yield before making a decision.
Indicative, before costs, vacancy and management. Not investment advice.
Economic and tenant stability risk The property has both economic and tenant stability scores of 50/100, indicating potential volatility in tenancy and economic conditions that could affect rental income and property value in the future.
Grade AFindings: 0
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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