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 110 m² on the 3rd floor, built in 2000, energy rating A+. Located on parque do Moínho, 3, São Gonçalo de Lagos parish, Lagos municipality, Faro district. This apartment features two enclosed balconies with double glazing, enhancing both thermal insulation and outdoor living space in a vibrant neighborhood.
The asking price of €395,000 is significantly above our assessed fair value of €290,000, reflecting a downside of 26.5% compared to the asking price; confidence in this fair value assessment is medium. The estimated gross yield is 6.2%, which provides some context for the property's financial prospects.
The fair value of this property is built using a combination of two models: the Transaction model, which relies on real transaction data from 303 sales in São Gonçalo de Lagos (weighted at 55%), and the Adjusted asking-price model, which adjusts current listings (weighted at 45%). Conservative adjustments were made, particularly accounting for estimated works where applicable. The resulting fair value of the property is set at €290,000, indicating that the asking price is above the fair value by €105,000, or 26.5% downside versus the asking price. Confidence in this estimate is medium.
Gross yield 6.2% (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
Investors should consider that the asking price of €395,000 exceeds the fair value of €290,000, indicating a 26.5% downside versus the asking price. The condition of the property is moderately rated at 66/100, while the neighborhood shows a lower rating of 50/100. These factors suggest a cautious approach may be warranted.
Indicative, before costs, vacancy and management. Not investment advice.
Economic and tenant stability risk The property has a low economic stability score of 50/100 and a tenant stability score of 50/100, indicating potential challenges in sustained rental income and occupancy rates. Fair value certainty risk The fair value is assessed at €290,000 with medium confidence, but the lack of micro-location transaction data combined with the municipality being on watch may affect the certainty of this valuation.
Grade AFindings: 0
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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