T1 flat, Zona Industrial do Pinheiral, Chinicato - Sargaçal, Lagos
T1 flat, Zona Industrial do Pinheiral, Chinicato - Sargaçal, Lagos — image 2T1 flat, Zona Industrial do Pinheiral, Chinicato - Sargaçal, Lagos — image 3T1 flat, Zona Industrial do Pinheiral, Chinicato - Sargaçal, Lagos — image 4T1 flat, Zona Industrial do Pinheiral, Chinicato - Sargaçal, Lagos — image 5
Grade Bapartmentbudget

T1 flat, Zona Industrial do Pinheiral, Chinicato - Sargaçal, Lagos

Lagos · Western Algarve ·

€219,900

Asking Price (EUR)

4.3%

True Net Yield (Owner, all-in)

3.0%

True Net Yield (Managed, all-in)

6.6%

True Gross Yield

45%

Occupancy

Projections — conservative (data maturing)

Our Airbnb calendar dataset started 1.8 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: €17,423/yr
Average Daily Rate: €105
Payback Period: 15.7 years
5-yr Capital Value: €288,945
10-yr Capital Value: €351,546
Brixfox Score: 64.6 / 100
Comparable Properties: 14
Data Confidence: 83%
Search Radius: 2 km

True Investment Cost

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

€263,598

+19.9% over asking

Asking price€219,900
IMT — Property transfer tax (investment schedule)€6,390
IS — Stamp duty (0.8%)€1,759
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€3,299
Total acquisition costs€12,698
Renovation (est. €350/m² × 50 m²)
Cosmetic refresh — flooring, paint, bathroom & kitchen updates.		€17,500
(€12,500–€22,500)
Furnishing & STR launch (1bd × €2500 base, budget tier)
Furniture, appliances, electronics, linens, AL licence setup, launch photography.		€13,500
All-in investment (incl. renovation & furnishing)€263,598

Gross yield (asking price)

7.9%

True gross yield (all-in)

6.6%

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: 1
Bathrooms: 1
Building: 50 m²
Style: portuguese-traditional
Condition: fair
Year Built: 1951
Energy Certificate: D

AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Design Features

tiled facade accentstraditional terracotta roof tiles

Score Breakdown

ROI
17.61
Visual Appeal
10
Ownership Security
13
Location
10.44
Land & Space
3
Rental Demand
4.53
Payback Speed
3
STR Suitability
3

Description

One-bedroom apartment located in Chinicato, Lagos, Algarve, fully renovated and ready to move in. Situated in a quiet and pleasant area, ideal for those seeking tranquility and good neighborly relations. The property features one bedroom, one bathroom (WC), a cozy living room, and a functional kitchen. The recent reno

Location

📍 37.1338°N, 8.6705°W

· Lagos, Algarve, Portugal

View on CENTURY 21 Universe →Also on Idealista.pt
Idealista.pt
Lagos / Western Algarve

T1 flat, Zona Industrial do Pinheiral, Chinicato - Sargaçal, Lagos

Inventory
1 Beds
Bathrooms
1 Baths
Built Area
50 m²
Land Plot
0 m²
Tenure
Freehold
Yield Curve Status

Grade B investment — short-term rental yields 5.3% net return annually.

Go to Source via Idealista.pt

The Investment

Brixfox Score65
GradeB
Brixfox Intelligence
65BStrong
Score Breakdown
ROI & Yield72%
Capital Growth68%
Risk Profile67%
Market Demand65%

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
+10.9%
Per Year (5yr avg)
Annualized projected property value change based on historical area appreciation rates (5-year average).
Capital Growth
+5.5%
+$61K in 5yr (+28%)
Estimated monthly net income after deducting management fees, operating costs, and taxes.
ROI Nett Rental Income
5.3%
$1,065/mo
Estimated time for the total investment value (equity + accumulated rent) to double.
100% Profit
9 yr
Combined
Number of years to fully recoup the initial purchase price using only net rental income.
Payback
18.7 yr
Rental only

Property details

Year built: 1951
Energy: D
Condition: fair

Description

One-bedroom apartment located in Chinicato, Lagos, Algarve, fully renovated and ready to move in. Situated in a quiet and pleasant area, ideal for those seeking tranquility and good neighborly relations. The property features one bedroom, one bathroom (WC), a cozy living room, and a functional kitchen. The recent reno

Income Breakdown

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Nightly Rate (ADR)
$153/night
50% ($71)Brixfox estimate($153/night)200% ($282)
Occupancy
45%
10%Brixfox estimate(45%)100%

Short-Term Rental

Yearly income
$12,782
Airbnb data$153/night · 45% occupancy
Rental income
$153/night · 45% occ.
$25,385
Running costs (20%)
Utilities, cleaning, maintenance
-$5,077
Income tax (10%)
Indonesian rental income tax
-$7,108
Property tax
Annual property tax
-$418
Net income
5.3% ROI
$12,782

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$239,022
IMT (transfer tax, investment schedule)$6,946
Imposto de Selo (stamp duty)$1,912
Notary & registration$1,359
Legal / due diligence$3,586
Total acquisition costs$13,802
Renovation (~$380/m²)
Cosmetic refresh — flooring, paint, bathroom & kitchen updates.		$19,022
($13,587–$24,457)
Furnishing & STR launch
1bd × $2,717 base + appliances, electronics, outdoor, licence, photography, linens.		$14,674
All-in investment$286,520

Gross yield (asking)

10.6%

True gross yield (all-in)

8.9%

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 Lagos.

$1.5M$1.1M$732K$366K$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Paid back2x ReturnToday: $220K
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 16: rental income alone has repaid the full purchase price.
2x return
Year 10: total gains (capital + rental) have doubled your initial investment.
Year 5
Capital Value
$268K
+22%
Rental Income
+$62K
Total Position
$330K
+50%
8.5%/yr
Year 10
Capital Value
$326K
+48%
Rental Income
+$135K
Total Position
$460K
+109%
7.7%/yr
Year 20
Capital Value
$482K
+119%
Rental Income
+$316K
Total Position
$798K
+263%
6.7%/yr
Year 30
Capital Value
$713K
+224%
Rental Income
+$559K
Total Position
$1.3M
+479%
6.0%/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
5.3% annual return
Occupancy
Average
45% average occupancy
Nightly Rate
Good
$141 per night
Visual Appeal
Weak
3/10 instagrammability
Size & Space
Weak
0 m² land area
Zoning
Average
STR zoning not confirmed
Tenure
Strong
Freehold ownership

Top Highlights

Freehold ownership — maximum long-term security

Watch Out

Secondary location — rental demand may be lower than premium areas
Occupancy at 45% — 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

30% occ.
4.7%
$945/mo
40% occ.
6.4%
$1,272/mo
45% occ.
7.3%
$1,446/mo
current
55% occ.
8.9%
$1,773/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.