Terraced house in Odiáxere, Lagos
Terraced house in Odiáxere, Lagos — image 2Terraced house in Odiáxere, Lagos — image 3Terraced house in Odiáxere, Lagos — image 4Terraced house in Odiáxere, Lagos — image 5
Grade C+villabudget

Terraced house in Odiáxere, Lagos

Lagos · Western Algarve ·

€270,000

Asking Price (EUR)

2.5%

True Net Yield (Owner, all-in)

1.7%

True Net Yield (Managed, all-in)

3.9%

True Gross Yield

32%

Occupancy

Projections — conservative (data maturing)

Our Airbnb calendar dataset started 2.1 months ago and is currently at 17% 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: €11,950/yr
Average Daily Rate: €102
Payback Period: 28.2 years
5-yr Capital Value: €354,776
10-yr Capital Value: €431,639
Brixfox Score: 51.8 / 100
Comparable Properties: 7
Data Confidence: 65%
Search Radius: 3 km

True Investment Cost

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

€308,847

+14.4% over asking

Asking price€270,000
IMT — Property transfer tax (investment schedule)€9,897
IS — Stamp duty (0.8%)€2,160
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€4,050
Total acquisition costs€17,357
Renovation (est. €55/m² × 48 m²)
Light touch-ups — paint, fixtures, deep clean.		€2,640
(€1,440–€3,840)
Furnishing & STR launch (2bd × €2500 base, budget tier)
Furniture, appliances, electronics, linens, AL licence setup, launch photography.		€18,850
All-in investment (incl. renovation & furnishing)€308,847

Gross yield (asking price)

4.4%

True gross yield (all-in)

3.9%

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: 1
Building: 48 m²
Land: 48 m²
Style: minimalist
Condition: good
Year Built: 2019
Energy Certificate: D

AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Score Breakdown

ROI
12.03
Visual Appeal
10
Ownership Security
13
Location
8.4
Land & Space
2.1
Rental Demand
3.22
Payback Speed
0
STR Suitability
3

Description

With an area of 47.5 m², this property stands out for its functionality, comfort and potential, being ideal for own housing. - FEATURES Comfortable and well-distributed rooms and a bathroom Good natural light Living room and kitchen in open space, with a small semi-covered backyard Furnished - AMENITIES Quiet lo

Location

📍 37.1517°N, 8.6538°W

· Lagos, Algarve, Portugal

View on Idealista.pt
Idealista.pt
Lagos / Western Algarve

Terraced house in Odiáxere, Lagos

Inventory
2 Beds
Bathrooms
1 Baths
Built Area
48 m²
Land Plot
48 m²
Tenure
Freehold
Yield Curve Status

Grade C+ investment — short-term rental yields 2.9% net return annually.

Go to Source via Idealista.pt

The Investment

Brixfox Score52
GradeC+
Brixfox Intelligence
52C+Moderate
Score Breakdown
ROI & Yield57%
Capital Growth55%
Risk Profile54%
Market Demand52%

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
+8.4%
Per Year (5yr avg)
Annualized projected property value change based on historical area appreciation rates (5-year average).
Capital Growth
+5.5%
+$75K in 5yr (+28%)
Estimated monthly net income after deducting management fees, operating costs, and taxes.
ROI Nett Rental Income
2.9%
$706/mo
Estimated time for the total investment value (equity + accumulated rent) to double.
100% Profit
11 yr
Combined
Number of years to fully recoup the initial purchase price using only net rental income.
Payback
34.7 yr
Rental only

Property details

Year built: 2019
Energy: D
Condition: good

Description

With an area of 47.5 m², this property stands out for its functionality, comfort and potential, being ideal for own housing. - FEATURES Comfortable and well-distributed rooms and a bathroom Good natural light Living room and kitchen in open space, with a small semi-covered backyard Furnished - AMENITIES Quiet lo

Income Breakdown

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Nightly Rate (ADR)
$147/night
50% ($68)Brixfox estimate($147/night)200% ($270)
Occupancy
32%
10%Brixfox estimate(32%)100%

Short-Term Rental

Yearly income
$8,468
Airbnb data$147/night · 32% occupancy
Rental income
$147/night · 32% occ.
$17,273
Running costs (20%)
Utilities, cleaning, maintenance
-$3,455
Income tax (10%)
Indonesian rental income tax
-$4,836
Property tax
Annual property tax
-$514
Net income
2.9% ROI
$8,468

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$293,478
IMT (transfer tax, investment schedule)$10,758
Imposto de Selo (stamp duty)$2,348
Notary & registration$1,359
Legal / due diligence$4,402
Total acquisition costs$18,866
Renovation (~$60/m²)
Light touch-ups — paint, fixtures, deep clean.		$2,870
($1,565–$4,174)
Furnishing & STR launch
2bd × $2,717 base + appliances, electronics, outdoor, licence, photography, linens.		$18,315
All-in investment$333,529

Gross yield (asking)

5.9%

True gross yield (all-in)

5.2%

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.

$1.4M$1.1M$717K$358K$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Paid back2x ReturnToday: $270K
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 25: 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
$328K
+22%
Rental Income
+$41K
Total Position
$370K
+37%
6.5%/yr
Year 10
Capital Value
$400K
+48%
Rental Income
+$89K
Total Position
$489K
+81%
6.1%/yr
Year 20
Capital Value
$592K
+119%
Rental Income
+$209K
Total Position
$801K
+197%
5.6%/yr
Year 30
Capital Value
$876K
+224%
Rental Income
+$371K
Total Position
$1.2M
+362%
5.2%/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
Weak
2.9% annual return
Occupancy
Weak
32% average occupancy
Nightly Rate
Good
$135 per night
Visual Appeal
Weak
3/10 instagrammability
Size & Space
Weak
48 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
Yield of 2.9% is below 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

30% occ.
3.7%
$895/mo
40% occ.
4.9%
$1,207/mo
32% occ.
3.9%
$965/mo
current
42% occ.
5.2%
$1,277/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.