T2 flat in Odiáxere, Lagos
T2 flat in Odiáxere, Lagos — image 2T2 flat in Odiáxere, Lagos — image 3T2 flat in Odiáxere, Lagos — image 4T2 flat in Odiáxere, Lagos — image 5
Grade Bapartmentluxury

T2 flat in Odiáxere, Lagos

Lagos · Western Algarve ·

€815,000

Asking Price (EUR)

3.0%

True Net Yield (Owner, all-in)

2.1%

True Net Yield (Managed, all-in)

4.7%

True Gross Yield

58%

Occupancy

Projections — conservative (data maturing)

Our Airbnb calendar dataset started 1.7 months ago and is currently at 15% maturity. Yields shown apply a conservative calibration (realised-ADR factor 0.74, occupancy cap 66%) that auto-fades to full fidelity by April 2027.

Projected Gross Revenue: €43,009/yr
Average Daily Rate: €204
Payback Period: 23.4 years
5-yr Capital Value: €1.1M
10-yr Capital Value: €1.3M
Brixfox Score: 60.4 / 100
Comparable Properties: 12
Data Confidence: 80%
Search Radius: 2 km

True Investment Cost

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

€923,845

+13.4% over asking

Asking price€815,000
IMT — Property transfer tax (investment schedule)€48,900
IS — Stamp duty (0.8%)€6,520
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€12,225
Total acquisition costs€68,895
Renovation€0 — move-in ready
Furnishing & STR launch (2bd × €8000 base, luxury tier)
Furniture, appliances, electronics, linens, AL licence setup, launch photography.		€39,950
All-in investment (incl. renovation & furnishing)€923,845

Gross yield (asking price)

5.3%

True gross yield (all-in)

4.7%

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: 2
Bathrooms: 2
Building: 144 m²
Style: contemporary
Condition: excellent
Year Built: 2023
Energy Certificate: B
View

AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Design Features

expansive floor-to-ceiling windowslarge private terrace with outdoor dining and loungeintegrated indoor-outdoor living spacemodern minimalist interior designnatural stone flooring

Score Breakdown

ROI
14.34
Visual Appeal
10
Ownership Security
13
Location
8.4
Land & Space
4.88
Rental Demand
5.77
Payback Speed
1
STR Suitability
3

Description

Signature 2 Bedroom with panoramic Ocean view Welcome to this elegant two bedroom apartment, ideally situated within the prestigious Palmares Golf Resort. Just steps from the clubhouse, this beautifully crafted home offers an exceptional lifestyle defined by quality, comfort, and breathtaking surroundings. One of the

Location

📍 37.1253°N, 8.6422°W

· Lagos, Algarve, Portugal

View on Engel & Völkers Lagos →Also on Idealista.pt
Idealista.pt
Lagos / Western Algarve

T2 flat in Odiáxere, Lagos

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

Grade B investment — short-term rental yields 3.5% net return annually.

Go to Source via Idealista.pt

The Investment

Brixfox Score60
GradeB
Brixfox Intelligence
60BStrong
Score Breakdown
ROI & Yield66%
Capital Growth63%
Risk Profile62%
Market Demand60%

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
+9.0%
Per Year (5yr avg)
Annualized projected property value change based on historical area appreciation rates (5-year average).
Capital Growth
+5.5%
+$225K in 5yr (+28%)
Estimated monthly net income after deducting management fees, operating costs, and taxes.
ROI Nett Rental Income
3.5%
$2,595/mo
Estimated time for the total investment value (equity + accumulated rent) to double.
100% Profit
10 yr
Combined
Number of years to fully recoup the initial purchase price using only net rental income.
Payback
28.4 yr
Rental only

Property details

Year built: 2023
Energy: B
Condition: excellent

Description

Signature 2 Bedroom with panoramic Ocean view Welcome to this elegant two bedroom apartment, ideally situated within the prestigious Palmares Golf Resort. Just steps from the clubhouse, this beautifully crafted home offers an exceptional lifestyle defined by quality, comfort, and breathtaking surroundings. One of the

Income Breakdown

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Nightly Rate (ADR)
$299/night
50% ($137)Brixfox estimate($299/night)200% ($550)
Occupancy
58%
10%Brixfox estimate(58%)100%

Short-Term Rental

Yearly income
$31,144
Airbnb data$299/night · 58% occupancy
Rental income
$299/night · 58% occ.
$62,874
Running costs (20%)
Utilities, cleaning, maintenance
-$12,575
Income tax (10%)
Indonesian rental income tax
-$17,605
Property tax
Annual property tax
-$1,550
Net income
3.5% ROI
$31,144

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$885,870
IMT (transfer tax, investment schedule)$53,152
Imposto de Selo (stamp duty)$7,087
Notary & registration$1,359
Legal / due diligence$13,288
Total acquisition costs$74,886
RenovationMove-in ready
Furnishing & STR launch
2bd × $8,696 base + appliances, electronics, outdoor, licence, photography, linens.		$43,424
All-in investment$1,004,179

Gross yield (asking)

7.1%

True gross yield (all-in)

6.3%

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.

$4.6M$3.5M$2.3M$1.2M$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Paid back2x ReturnToday: $815K
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 21: rental income alone has repaid the full purchase price.
2x return
Year 12: total gains (capital + rental) have doubled your initial investment.
Year 5
Capital Value
$992K
+22%
Rental Income
+$152K
Total Position
$1.1M
+40%
7.0%/yr
Year 10
Capital Value
$1.2M
+48%
Rental Income
+$328K
Total Position
$1.5M
+88%
6.5%/yr
Year 20
Capital Value
$1.8M
+119%
Rental Income
+$770K
Total Position
$2.6M
+214%
5.9%/yr
Year 30
Capital Value
$2.6M
+224%
Rental Income
+$1.4M
Total Position
$4.0M
+392%
5.5%/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
Average
3.5% annual return
Occupancy
Average
58% average occupancy
Nightly Rate
Strong
$275 per night
Visual Appeal
Strong
8/10 instagrammability
Size & Space
Weak
0 m² land area
Zoning
Average
STR zoning not confirmed
Tenure
Strong
Freehold ownership

Top Highlights

Premium nightly rate of $275 — positioned in the top tier
Stunning visuals with 8/10 instagrammability — commands premium nightly rates
Freehold ownership — maximum long-term security

Watch Out

Secondary location — rental demand may be lower than premium areas
Yield of 3.5% is near the market average — model your cashflow carefully

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

Risks & What-If

What if occupancy changes?

Owner Managed scenario

38% occ.
3.1%
$2,267/mo
48% occ.
3.9%
$2,902/mo
58% occ.
4.8%
$3,538/mo
current
68% occ.
5.7%
$4,174/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.