Grade B+apartmentunknown
Duplex in Rua Primeiro de Maio, 18, Centro, Lagos Cidade, Lagos
Lagos · Western Algarve ·
€380,000
Asking Price (EUR)
12.8%
Gross Yield
8.3%
Net Yield (Owner)
5.8%
Net Yield (Managed)
45%
Occupancy
Projected Gross Revenue: €52,534/yr
Average Daily Rate: €323
Payback Period: 12.0 years
5-yr Capital Value: €499,314
10-yr Capital Value: €607,492
Brixfox Score: 69.5 / 100
Comparable Properties: 72
Data Confidence: 91%
Search Radius: 2 km
Bedrooms: 3
Building: 200 m²
Ownership: Freehold
Style: unknown
Condition: unknown
AL Licence Status Unconfirmed
AL licence status unconfirmed — verify before purchase
Score Breakdown
ROI
20.58
Visual Appeal
9
Ownership Security
13
Location
10.44
Land & Space
6
Rental Demand
4.46
Payback Speed
3
STR Suitability
3
Description
Mixed building with two units (restaurant with 122 sq m and two floor apartment of 192 sq m, with an inner courtyard and a balcony) to renovate, with a great location in the historic center of Lagos. Ground floor: 122m2 open-space restaurant (in operation until Dec 2024) 1st and 2nd floor: 192m2 duplex with interior
Location
📍 37.1028°N, 8.6731°W
· Lagos, Algarve, Portugal