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 84 m², built in 1980, energy rating D. Located Porches parish, Lagoa municipality, Faro district. This recently renovated apartment offers a terrace with scenic sea views, enhancing its appeal in a sought-after beachfront location with resort-style amenities.
The asking price of €475,000 is significantly above the fair value of €333,000, indicating a €142,000 gap. Confidence in this fair value is low, suggesting consideration of market factors before proceeding.
The property's fair value is built using a combination of two models. The Transaction model relies on 59 real sales in the parish of Porches, while the Adjusted asking-price model adjusts current listings to reflect sale levels. These two models are weighted equally at 50% each. For this property, no conservative adjustments were applied. Consequently, the fair value is determined to be €333,000, and considering the typical negotiation margin, the asking price is above the fair value, indicating a significant gap of €142,000 (29.9% downside). Confidence in this valuation is low: the asking price is above the fair value.
Gross yield 4% (before costs)
No specific strategy stands out for this property.
The asking price of this 2-bedroom apartment in Porches, Lagoa, is significantly above the fair value, indicating that the property is overpriced. Investors should scrutinize the condition rating of 79/100 and the neighbourhood rating of 50/100 in light of this premium price, as the potential for value appreciation may be limited with a 29.9% downside versus the asking price. Given the low confidence in the assessment, it is crucial to consider these factors carefully before any investment decision.
Indicative, before costs, vacancy and management. Not investment advice.
Economic and tenant stability risk The economic stability score is 50/100 and the tenant stability score is also 50/100, indicating a mixed environment which could lead to unpredictable rental income and higher vacancy rates. Data quality risk The data-quality check shows a BLOCK, meaning the information may be incomplete due to an advert lacking area details, which complicates accurate assessments. Fair value certainty risk The fair value is estimated at €333,000, but the certainty is low due to missing micro-location transaction data and a significant divergence between the two estimates.
Findings: 1
Confirmed findings from our checks of this listing. They inform; they do not change the valuation.
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Models 3.4.3 (Data quality v3 · Valuation v4.2 · Strategy v3.1)
Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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