T3 flat in Avenida Jaime Cortesão, Chinicato - Sargaçal, Lagos
T3 flat in Avenida Jaime Cortesão, Chinicato - Sargaçal, Lagos — image 2T3 flat in Avenida Jaime Cortesão, Chinicato - Sargaçal, Lagos — image 3T3 flat in Avenida Jaime Cortesão, Chinicato - Sargaçal, Lagos — image 4T3 flat in Avenida Jaime Cortesão, Chinicato - Sargaçal, Lagos — image 5
Grade B+apartmentbudget

T3 flat in Avenida Jaime Cortesão, Chinicato - Sargaçal, Lagos

Lagos · Western Algarve ·

€480,000

Asking Price (EUR)

5.0%

True Net Yield (Owner, all-in)

3.5%

True Net Yield (Managed, all-in)

7.8%

True Gross Yield

56%

Occupancy

Projections — conservative (data maturing)

Our Airbnb calendar dataset started 1.9 months ago and is currently at 15% maturity. Yields shown apply a conservative calibration (realised-ADR factor 0.75, occupancy cap 67%) that auto-fades to full fidelity by April 2027.

Projected Gross Revenue: €55,730/yr
Average Daily Rate: €272
Payback Period: 10.7 years
5-yr Capital Value: €630,713
10-yr Capital Value: €767,359
Brixfox Score: 74.2 / 100
Comparable Properties: 36
Data Confidence: 81%
Search Radius: 3 km

True Investment Cost

Portuguese transfer tax (IMT) + stamp duty (IS) + notary + registration + legal + renovation + full furnishing & STR launch setup.

€718,720

+49.7% over asking

Asking price€480,000
IMT — Property transfer tax (investment schedule)€26,230
IS — Stamp duty (0.8%)€3,840
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€7,200
Total acquisition costs€38,520
Renovation (est. €900/m² × 200 m²)
Substantial renovation — full bathrooms + kitchen, rewiring, plumbing, finishes.		€180,000
(€140,000–€220,000)
Furnishing & STR launch (3bd × €2500 base, budget tier)
Furniture, appliances, electronics, linens, AL licence setup, launch photography.		€20,200
All-in investment (incl. renovation & furnishing)€718,720

Gross yield (asking price)

11.6%

True gross yield (all-in)

7.8%

Estimates use Portugal's investment IMT schedule (non-permanent residence). Actual notary & legal vary; budget +€500–1,000 for surveyor, due-diligence and bank-mortgage fees if financing. Renovation cost is a heuristic on property condition × m² — verify with a site visit. Furnishing uses finish-level-tiered rates covering beds, living, kitchen, electronics, AL licence, linens & professional photography. Working capital (2-3 months operating buffer) not included.

Bedrooms: 3
Bathrooms: 2
Building: 200 m²
Style: dated
Condition: needs-renovation
Energy Certificate: E
View

AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Score Breakdown

ROI
22.2
Visual Appeal
10
Ownership Security
13
Location
10.44
Land & Space
6
Rental Demand
5.61
Payback Speed
4
STR Suitability
3

Description

Excellent 3-Bedroom Apartment with 80 m² Terrace and Garage in the Heart of Setúbal Discover this magnificent 3-bedroom apartment with 200 m² of gross area, in excellent condition, located in one of the most central and quiet areas of Setúbal. A unique opportunity for those seeking comfort, space, and quality of life,

Location

📍 37.1307°N, 8.6834°W

· Lagos, Algarve, Portugal

View on Exclusive Lisbon →Also on Idealista.pt
Idealista.pt
Lagos / Western Algarve

T3 flat in Avenida Jaime Cortesão, Chinicato - Sargaçal, Lagos

Inventory
3 Beds
Bathrooms
2 Baths
Built Area
200 m²
Land Plot
0 m²
Tenure
Freehold
Yield Curve Status

Grade B+ investment — short-term rental yields 7.9% net return annually.

Go to Source via Idealista.pt

The Investment

Brixfox Score74
GradeB+
Brixfox Intelligence
74B+Strong
Score Breakdown
ROI & Yield81%
Capital Growth78%
Risk Profile75%
Market Demand74%

The Brixfox Score is our proprietary AI-powered rating that evaluates rental ROI, capital appreciation potential, risk factors, and local market dynamics to give you a single investment quality metric.

Pro members get full score breakdown with AI recommendations
Average annual ROI over 5 years, combining both rental income and property value growth.
Total
+13.4%
Per Year (5yr avg)
Annualized projected property value change based on historical area appreciation rates (5-year average).
Capital Growth
+5.5%
+$133K in 5yr (+28%)
Estimated monthly net income after deducting management fees, operating costs, and taxes.
ROI Nett Rental Income
7.9%
$3,441/mo
Estimated time for the total investment value (equity + accumulated rent) to double.
100% Profit
7 yr
Combined
Number of years to fully recoup the initial purchase price using only net rental income.
Payback
12.6 yr
Rental only

Property details

Energy: E
Condition: needs-renovation

Description

Excellent 3-Bedroom Apartment with 80 m² Terrace and Garage in the Heart of Setúbal Discover this magnificent 3-bedroom apartment with 200 m² of gross area, in excellent condition, located in one of the most central and quiet areas of Setúbal. A unique opportunity for those seeking comfort, space, and quality of life,

Income Breakdown

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Nightly Rate (ADR)
$397/night
50% ($182)Brixfox estimate($397/night)200% ($730)
Occupancy
56%
10%Brixfox estimate(56%)100%

Short-Term Rental

Yearly income
$41,290
Airbnb data$397/night · 56% occupancy
Rental income
$397/night · 56% occ.
$81,160
Running costs (20%)
Utilities, cleaning, maintenance
-$16,232
Income tax (10%)
Indonesian rental income tax
-$22,725
Property tax
Annual property tax
-$913
Net income
7.9% ROI
$41,290

Long-Term Rental

No long-term rental data available

Not enough comparable rentals in this area

True all-in investment

What the headline asking price actually costs once mandatory taxes, fees, renovation, and furnishing are added. Yields rebased onto this number — closer to what you'll really earn against what you'll really pay.

Asking price$521,739
IMT (transfer tax, investment schedule)$28,511
Imposto de Selo (stamp duty)$4,174
Notary & registration$1,359
Legal / due diligence$7,826
Total acquisition costs$41,870
Renovation (~$978/m²)
Substantial renovation — full bathrooms + kitchen, rewiring, plumbing, finishes.		$195,652
($152,174–$239,130)
Furnishing & STR launch
3bd × $2,717 base + appliances, electronics, outdoor, licence, photography, linens.		$21,957
All-in investment$781,217

Gross yield (asking)

15.6%

True gross yield (all-in)

10.4%

Estimates use Portugal's standard transfer tax + typical legal/notary defaults. Verify with local counsel before committing — actual fees vary by deal structure.

Growth & Exit Strategy

How your investment grows over time

Freehold — 4%/yr appreciation in Lagos.

$3.9M$2.9M$1.9M$967K$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Paid back2x ReturnToday: $480K
Capital appreciation
Property value growing at +4%/yr based on Lagos market trends.
Rental income
Cumulative net rental earnings collected over time, growing with annual revenue increases.
Total return
Capital value + rental income. Your actual total position if you sold and kept all rent.
Paid back
Year 11: rental income alone has repaid the full purchase price.
2x return
Year 8: total gains (capital + rental) have doubled your initial investment.
Year 5
Capital Value
$584K
+22%
Rental Income
+$202K
Total Position
$786K
+64%
10.4%/yr
Year 10
Capital Value
$711K
+48%
Rental Income
+$435K
Total Position
$1.1M
+139%
9.1%/yr
Year 20
Capital Value
$1.1M
+119%
Rental Income
+$1.0M
Total Position
$2.1M
+332%
7.6%/yr
Year 30
Capital Value
$1.6M
+224%
Rental Income
+$1.8M
Total Position
$3.4M
+601%
6.7%/yr

Location

Lagos

Western Algarve, Approximate area

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Airbnb Comp Analysis

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Villa Scorecard

Location
Average
Emerging or secondary location
Rental Yield
Good
7.9% annual return
Occupancy
Average
56% average occupancy
Nightly Rate
Strong
$365 per night
Visual Appeal
Weak
2/10 instagrammability
Size & Space
Weak
0 m² land area
Zoning
Average
STR zoning not confirmed
Tenure
Strong
Freehold ownership

Top Highlights

Premium nightly rate of $365 — positioned in the top tier
Freehold ownership — maximum long-term security

Watch Out

Secondary location — rental demand may be lower than premium areas
Occupancy at 56% — factor in seasonal gaps

Consider carefully. Returns are below market average for this price point.

Risks & What-If

What if occupancy changes?

Owner Managed scenario

36% occ.
6.8%
$2,969/mo
46% occ.
8.8%
$3,814/mo
56% occ.
10.7%
$4,658/mo
current
66% occ.
12.7%
$5,503/mo

Data Sources & Methodology

ROI calculations use verified Brixfox Intelligence rental data from a 12-month trailing window. Opex: 20% owner-managed, 45% fully-managed. Includes 10% Indonesian rental tax (PPh) and annual property tax (PBB). Market factors in Portugal may impact actual yields.