T0 (studio) in Centro, Lagos Cidade, Lagos
Grade B+apartmentbudget

T0 (studio) in Centro, Lagos Cidade, Lagos

Lagos · Western Algarve ·

€110,000

Asking Price (EUR)

11.9%

True Net Yield (Owner, all-in)

8.2%

True Net Yield (Managed, all-in)

18.3%

True Gross Yield

54%

Occupancy

Projections — conservative (data maturing)

Our Airbnb calendar dataset started 1.5 months ago and is currently at 12% 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: €29,641/yr
Average Daily Rate: €150
Payback Period: 4.5 years
5-yr Capital Value: €144,538
10-yr Capital Value: €175,853
Brixfox Score: 73.6 / 100
Comparable Properties: 97
Data Confidence: 97%
Search Radius: 2 km

True Investment Cost

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

€161,761

+47.1% over asking

Asking price€110,000
IMT — Property transfer tax (investment schedule)€1,181
IS — Stamp duty (0.8%)€880
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€1,650
Total acquisition costs€4,961
Renovation (est. €900/m² × 37 m²)
Substantial renovation — full bathrooms + kitchen, rewiring, plumbing, finishes.		€33,300
(€25,900–€40,700)
Furnishing & STR launch (0bd × €2500 base, budget tier)
Furniture, appliances, electronics, linens, AL licence setup, launch photography.		€13,500
All-in investment (incl. renovation & furnishing)€161,761

Gross yield (asking price)

26.9%

True gross yield (all-in)

18.3%

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.

Building: 37 m²
Style: portuguese-traditional
Condition: needs-renovation
View

AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Design Features

traditional tiled roofsdecorative ventilation block

Score Breakdown

ROI
25
Visual Appeal
9
Ownership Security
13
Location
10.44
Land & Space
2.74
Rental Demand
5.4
Payback Speed
5
STR Suitability
3

Description

This studio apartment located on the top floor (3rd floor), inserted in the heart of the historic center of Lagos, presents enormous potential for those looking for a renovation project with an excellent investment opportunity. The apartment/studio consists of a living room/bedroom, kitchen, bathroom and a balcony, id

Location

📍 37.1028°N, 8.6731°W

· Lagos, Algarve, Portugal

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Idealista.pt
Lagos / Western Algarve

T0 (studio) in Centro, Lagos Cidade, Lagos

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

Grade B+ investment — short-term rental yields 18.8% net return annually.

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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
+24.4%
Per Year (5yr avg)
Annualized projected property value change based on historical area appreciation rates (5-year average).
Capital Growth
+5.5%
+$30K in 5yr (+28%)
Estimated monthly net income after deducting management fees, operating costs, and taxes.
ROI Nett Rental Income
18.8%
$1,876/mo
Estimated time for the total investment value (equity + accumulated rent) to double.
100% Profit
4 yr
Combined
Number of years to fully recoup the initial purchase price using only net rental income.
Payback
5.3 yr
Rental only

Property details

Condition: needs-renovation

Description

This studio apartment located on the top floor (3rd floor), inserted in the heart of the historic center of Lagos, presents enormous potential for those looking for a renovation project with an excellent investment opportunity. The apartment/studio consists of a living room/bedroom, kitchen, bathroom and a balcony, id

Income Breakdown

Adjust Forecast

Customize your projections
Nightly Rate (ADR)
$222/night
50% ($102)Brixfox estimate($222/night)200% ($408)
Occupancy
54%
10%Brixfox estimate(54%)100%

Short-Term Rental

Yearly income
$22,508
Airbnb data$222/night · 54% occupancy
Rental income
$222/night · 54% occ.
$43,687
Running costs (20%)
Utilities, cleaning, maintenance
-$8,737
Income tax (10%)
Indonesian rental income tax
-$12,232
Property tax
Annual property tax
-$209
Net income
18.8% ROI
$22,508

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$119,565
IMT (transfer tax, investment schedule)$1,284
Imposto de Selo (stamp duty)$957
Notary & registration$1,359
Legal / due diligence$1,793
Total acquisition costs$5,392
Renovation (~$978/m²)
Substantial renovation — full bathrooms + kitchen, rewiring, plumbing, finishes.		$36,196
($28,152–$44,239)
Furnishing & STR launch
0bd × $2,717 base + appliances, electronics, outdoor, licence, photography, linens.		$14,674
All-in investment$175,827

Gross yield (asking)

36.5%

True gross yield (all-in)

24.8%

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$1.2M$772K$386K$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Paid back2x ReturnToday: $110K
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 6: rental income alone has repaid the full purchase price.
2x return
Year 5: total gains (capital + rental) have doubled your initial investment.
Year 5
Capital Value
$134K
+22%
Rental Income
+$110K
Total Position
$244K
+122%
17.3%/yr
Year 10
Capital Value
$163K
+48%
Rental Income
+$237K
Total Position
$400K
+264%
13.8%/yr
Year 20
Capital Value
$241K
+119%
Rental Income
+$556K
Total Position
$797K
+625%
10.4%/yr
Year 30
Capital Value
$357K
+224%
Rental Income
+$985K
Total Position
$1.3M
+1120%
8.7%/yr

Location

Lagos

Western Algarve, Approximate area

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Villa Scorecard

Location
Average
Emerging or secondary location
Rental Yield
Strong
18.8% annual return
Occupancy
Average
54% average occupancy
Nightly Rate
Strong
$204 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

High rental yield at 18.8% — outperforms most villas in this market
Premium nightly rate of $204 — 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 54% — 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

34% occ.
15.9%
$1,587/mo
44% occ.
20.7%
$2,059/mo
54% occ.
25.4%
$2,531/mo
current
64% occ.
30.1%
$3,003/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.