Penthouse in Rua do Lagar, 2 ºk, Moncarapacho e Fuseta, Olhão
Penthouse in Rua do Lagar, 2 ºk, Moncarapacho e Fuseta, Olhão — image 2Penthouse in Rua do Lagar, 2 ºk, Moncarapacho e Fuseta, Olhão — image 3Penthouse in Rua do Lagar, 2 ºk, Moncarapacho e Fuseta, Olhão — image 4Penthouse in Rua do Lagar, 2 ºk, Moncarapacho e Fuseta, Olhão — image 5
Grade Aapartmentmid-range

Penthouse in Rua do Lagar, 2 ºk, Moncarapacho e Fuseta, Olhão

Olhão · Eastern Algarve ·

€535,000

Asking Price (EUR)

7.7%

True Net Yield (Owner, all-in)

5.3%

True Net Yield (Managed, all-in)

11.8%

True Gross Yield

62%

Occupancy

Projections — conservative (data maturing)

Our Airbnb calendar dataset started 1.7 months ago and is currently at 14% 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: €71,939/yr
Average Daily Rate: €317
+13.0% vs area baselineImage quality 8/10 (+3%), Modern/contemporary style (+12%), No pool (-12%), Has view (+10%)
Payback Period: 9.2 years
5-yr Capital Value: €702,982
10-yr Capital Value: €855,285
Brixfox Score: 77.8 / 100
Comparable Properties: 8
Data Confidence: 61%
Search Radius: 6 km

True Investment Cost

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

€609,385

+13.9% over asking

Asking price€535,000
IMT — Property transfer tax (investment schedule)€30,630
IS — Stamp duty (0.8%)€4,280
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€8,025
Total acquisition costs€44,185
Renovation€0 — move-in ready
Furnishing & STR launch (3bd × €4500 base, mid-range tier)
Furniture, appliances, electronics, linens, AL licence setup, launch photography.		€30,200
All-in investment (incl. renovation & furnishing)€609,385

Gross yield (asking price)

13.4%

True gross yield (all-in)

11.8%

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: 3
Building: 160 m²
Style: contemporary
Condition: excellent
Year Built: 2023
Energy Certificate: A+
View

AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Design Features

open-plan kitchen and dininglarge sliding glass doors to balconymodern kitchen cabinetry

Score Breakdown

ROI
24.37
Visual Appeal
13.6
Ownership Security
13
Location
8.4
Land & Space
5.2
Rental Demand
6.22
Payback Speed
4
STR Suitability
3

Description

Large 3 Bedroom Penthouse for Sale Delmar Country Moncarapacho This very spacious, newly built apartment with a total area of 160m2 is located on the 2nd. ( Top ) floor of an exclusive new building of just 14 apartments, with elevator. The apartment has been fully furnished in a bright modern style Plus 2 private pa

Location

📍 37.0864°N, 7.7856°W

· Olhão, Algarve, Portugal

View on Idealista.pt
Idealista.pt
Olhão / Eastern Algarve

Penthouse in Rua do Lagar, 2 ºk, Moncarapacho e Fuseta, Olhão

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

Grade A investment — short-term rental yields 9.3% net return annually.

Go to Source via Idealista.pt

The Investment

Brixfox Score78
GradeA
Brixfox Intelligence
78AExcellent
Score Breakdown
ROI & Yield86%
Capital Growth82%
Risk Profile79%
Market Demand78%

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
+13.0%
Per Year (5yr avg)
Annualized projected property value change based on historical area appreciation rates (5-year average).
Capital Growth
+3.8%
+$100K in 5yr (+19%)
Estimated monthly net income after deducting management fees, operating costs, and taxes.
ROI Nett Rental Income
9.3%
$4,485/mo
Estimated time for the total investment value (equity + accumulated rent) to double.
100% Profit
8 yr
Combined
Number of years to fully recoup the initial purchase price using only net rental income.
Payback
10.8 yr
Rental only

Property details

Year built: 2023
Energy: A+
Condition: excellent

Description

Large 3 Bedroom Penthouse for Sale Delmar Country Moncarapacho This very spacious, newly built apartment with a total area of 160m2 is located on the 2nd. ( Top ) floor of an exclusive new building of just 14 apartments, with elevator. The apartment has been fully furnished in a bright modern style Plus 2 private pa

Income Breakdown

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Nightly Rate (ADR)
$464/night
50% ($214)Brixfox estimate($464/night)200% ($854)
Occupancy
62%
10%Brixfox estimate(62%)100%

Short-Term Rental

Yearly income
$53,816
Airbnb data$464/night · 62% occupancy
Rental income
$464/night · 62% occ.
$105,450
Running costs (20%)
Utilities, cleaning, maintenance
-$21,090
Income tax (10%)
Indonesian rental income tax
-$29,526
Property tax
Annual property tax
-$1,018
Net income
9.3% ROI
$53,816

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$581,522
IMT (transfer tax, investment schedule)$33,293
Imposto de Selo (stamp duty)$4,652
Notary & registration$1,359
Legal / due diligence$8,723
Total acquisition costs$48,027
RenovationMove-in ready
Furnishing & STR launch
3bd × $4,891 base + appliances, electronics, outdoor, licence, photography, linens.		$32,826
All-in investment$662,375

Gross yield (asking)

18.1%

True gross yield (all-in)

15.9%

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 Olhão.

$4.7M$3.5M$2.4M$1.2M$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Paid back2x ReturnToday: $535K
Capital appreciation
Property value growing at +4%/yr based on Olhão 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 10: rental income alone has repaid the full purchase price.
2x return
Year 7: total gains (capital + rental) have doubled your initial investment.
Year 5
Capital Value
$651K
+22%
Rental Income
+$263K
Total Position
$914K
+71%
11.3%/yr
Year 10
Capital Value
$792K
+48%
Rental Income
+$568K
Total Position
$1.4M
+154%
9.8%/yr
Year 20
Capital Value
$1.2M
+119%
Rental Income
+$1.3M
Total Position
$2.5M
+368%
8.0%/yr
Year 30
Capital Value
$1.7M
+224%
Rental Income
+$2.4M
Total Position
$4.1M
+665%
7.0%/yr

Location

Olhão

Eastern Algarve, Approximate area

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Villa Scorecard

Location
Average
Emerging or secondary location
Rental Yield
Strong
9.3% annual return
Occupancy
Good
62% average occupancy
Nightly Rate
Strong
$427 per night
Visual Appeal
Good
7/10 instagrammability
Size & Space
Weak
0 m² land area
Zoning
Average
STR zoning not confirmed
Tenure
Strong
Freehold ownership

Top Highlights

High rental yield at 9.3% — outperforms most villas in this market
Premium nightly rate of $427 — positioned in the top tier
Freehold ownership — maximum long-term security

Watch Out

Secondary location — rental demand may be lower than premium areas
Compact plot at 0 m² — limited expansion potential

This villa is a strong investment. High rental demand and good returns make it suitable for both active and passive investors.

Risks & What-If

What if occupancy changes?

Owner Managed scenario

42% occ.
8.4%
$4,089/mo
52% occ.
10.5%
$5,078/mo
62% occ.
12.5%
$6,067/mo
current
72% occ.
14.6%
$7,055/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.