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 120 m² on the 1st floor, built in 1981, energy rating D. Located on largo Praia Dona Ana, São Gonçalo de Lagos parish, Lagos municipality, Faro district. The property boasts premium finishes like granite countertops and marble vanities, alongside well-maintained traditional terracotta tiles, enhancing both aesthetics and durability.
The asking price of €499,000 is slightly above the determined fair value of €490,000, indicating a €9,000 gap with medium confidence in this valuation. The estimated gross yield stands at 4.5%, equating to approximately €1,871 per month before considering costs and vacancy.
The fair value of this property is established using a combination of two models: the Transaction model, which relies on real transaction data from São Gonçalo de Lagos, accounting for 55% of the analysis, and the Adjusted asking-price model, based on current listings, making up 45%. For this property, no conservative adjustments were applied, ensuring a straightforward calculation. As a result, the fair value is estimated at €490,000. The asking price is in line with the fair value, showing a €9,000 downside (1.9%) compared to the asking price. Overall, the confidence in this valuation is medium.
Gross yield 4.6% (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 this 2-bed apartment in São Gonçalo de Lagos as the asking price is slightly above the fair value, indicating a potential downside of 1.9%. While the apartment is in reasonable condition with a score of 82/100, the neighborhood's score of 50/100 suggests some limitations. Therefore, it is important to weigh the price against the perceived value and location stability when evaluating this investment opportunity.
Indicative, before costs, vacancy and management. Not investment advice.
Economic and tenant stability risk The property has low economic stability (50/100) and tenant stability (50/100), which raises concerns about the long-term demand and the risk of vacancies and loss of rental income. Fair value certainty risk The fair value is assessed at €490,000 with medium confidence, indicating possible uncertainties regarding the accuracy of the valuation due to a lack of micro-location transaction data for the address.
Grade AFindings: 0
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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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