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 210 m² on the 2nd floor, built in 2007, energy rating B. Located São Gonçalo de Lagos parish, Lagos municipality, Faro district. The apartment features a private storage room, convenient for stowing away larger belongings or outdoor equipment, enhancing its practical appeal for everyday living.
The asking price of €615,500 is above the fair value of €549,000, indicating an overpriced assessment by €66,500 or a 10.8% downside. The estimated gross yield is approximately 6.3%.
The fair value of this property is established using two models: the Transaction model, based on 123 recorded sales in São Gonçalo de Lagos, and the Adjusted asking-price model, which adjusts current listings to reflect sale prices. These models are combined in a weighted manner, with the Transaction model contributing 55% and the Adjusted asking-price model 45%. No conservative adjustments were applied to this property. Consequently, the fair value is €549,000, and since the asking price is €615,500, the asking price is above the fair value, indicating a downside of 10.8%. The confidence level in this assessment is high.
Gross yield 6.3% (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 €615,500 exceeds the fair value of €549,000, indicating a 10.8% downside versus the asking price. Given the current gross yield of 6.3% and the neighbourhood rating of 50/100, investors should carefully consider the price relative to its value and the overall condition of the property before proceeding.
Indicative, before costs, vacancy and management. Not investment advice.
Economic and tenant stability risk: With both economic stability and tenant stability scores at only 50 out of 100, there is a risk that the area may struggle to attract or retain reliable tenants, impacting potential rental income negatively. Data quality risk: The listings for this property show discrepancies, which raises concerns about the reliability of the provided information and the overall assessment of its value.
Grade DFindings: 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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