T3 flat in Odiáxere, Lagos
T3 flat in Odiáxere, Lagos — image 2T3 flat in Odiáxere, Lagos — image 3T3 flat in Odiáxere, Lagos — image 4T3 flat in Odiáxere, Lagos — image 5
Grade Aapartmentmid-range

T3 flat in Odiáxere, Lagos

Lagos · Western Algarve ·

€199,000

Asking Price (EUR)

18.7%

True Net Yield (Owner, all-in)

13.5%

True Net Yield (Managed, all-in)

22.0%

True Gross Yield

47%

Occupancy

Projections — conservative (data maturing)

Our Airbnb calendar dataset started 2.2 months ago and is currently at 19% maturity. Yields shown apply a conservative calibration (realised-ADR factor 0.76, occupancy cap 67%) that auto-fades to full fidelity by April 2027.

Projected Gross Revenue: €54,764/yr
Average Daily Rate: €319
+3.0% vs area baselinePortuguese-traditional style (+5%), No pool (-12%), Has view (+10%)
Payback Period: 6.5 years
5-yr Capital Value: €230,696
10-yr Capital Value: €267,439
Brixfox Score: 77.3 / 100
Comparable Properties: 6
Data Confidence: 76%
Search Radius: 2 km

True Investment Cost

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

€249,249

+25.3% over asking

Asking price€199,000
IMT — Property transfer tax (investment schedule)€4,927
IS — Stamp duty (0.8%)€1,592
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€2,985
Total acquisition costs€10,754
Renovation (est. €55/m² × 169 m²)
Light touch-ups — paint, fixtures, deep clean.		€9,295
(€5,070–€13,520)
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)€249,249

Gross yield (asking price)

27.5%

True gross yield (all-in)

22.0%

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: 2
Building: 169 m²
Style: portuguese-traditional
Condition: good
Year Built: 2003
Energy Certificate: C
View

AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Design Features

terraced architecturebalconies with sea view potential

Score Breakdown

ROI
25
Visual Appeal
11.8
Ownership Security
13
Location
8.4
Land & Space
5.38
Rental Demand
4.71
Payback Speed
5
STR Suitability
4

Description

HALF OWNERSHIP 26 Weeks per Year - with usage defined on a rotating schedule. Enjoy your own slice of the Algarve with this exceptional shared ownership opportunity, offering 26 weeks of annual usage in a spacious three-bedroom apartment with beautiful sea views in Lagos. Designed for relaxed coastal living, the apar

Location

📍 37.1251°N, 8.6512°W

· Lagos, Algarve, Portugal

View on Lagos Algarve Real Estate →Also on Idealista.pt
T3 flat in Odiáxere, Lagos
Idealista.pt
Source verified

T3 flat in Odiáxere, Lagos

Lagos · Western Algarve · Freehold · Ref BF-1942
Ownership
Freehold
Bedrooms
3
Bathrooms
2
Built area
169 m²
True net yield
15.4%
≈ $5,187/mo net after costs & tax
Brixfox Score 77 · A

Property details

Year built: 2003
Energy: C
Condition: good

Description

HALF OWNERSHIP 26 Weeks per Year - with usage defined on a rotating schedule. Enjoy your own slice of the Algarve with this exceptional shared ownership opportunity, offering 26 weeks of annual usage in a spacious three-bedroom apartment with beautiful sea views in Lagos. Designed for relaxed coastal living, the apar

Income Breakdown

Figures are modelled estimates derived from comparable short-term-rental data — not guaranteed returns or financial advice. Do your own due diligence before investing.

Adjust Forecast

Customize your projections
Nightly Rate (ADR)
$459/night
50% ($211)Brixfox estimate($459/night)200% ($844)
Occupancy
47%
10%Brixfox estimate(47%)100%

Short-Term Rental

Yearly income
$37,933
Airbnb data$459/night · 47% occupancy
Rental income
$459/night · 47% occ.
$72,948
Running costs (20%)
Utilities, cleaning, maintenance
-$14,590
Income tax (10%)
Indonesian rental income tax
-$20,425
Property tax
Annual property tax
-$0
Net income
17.5% ROI
$37,933

Long-Term Rental

No long-term rental data available

Not enough comparable rentals in this area

Airbnb Comp Analysis

No nearby Airbnb listings found

Investment Returns

After-tax net yield · all-in cost basis

Exact location

Net Yield · Fully-Managed · After Tax

15.4%

on all-in cost of $249,138

Scenario
Pre-tax
After-tax
Owner-managed
25.0%
22.4%
Fully-managed
17.9%
15.4%
After-tax nets ~28% non-resident IRS on AL income (simplified regime). Yields are on the all-in acquisition cost, not the asking price.

Gross Yield

29.3%

Annual Revenue

$72,948

Income Tax / yr

$6,383

Payback

7 yrs

True All-In Cost
Asking price$216,304
IMT — transfer tax (non-resident 7.5%)$16,223
Stamp duty (0.8%)$1,730
Notary + registry$2,174
Legal$4,011
Furnishing + STR launch$8,696
All-in cost$249,138

Growth & Exit Strategy

How your investment grows over time

Freehold — 4%/yr appreciation in Lagos.

$2.7M$2.0M$1.3M$663K$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Paid back2x ReturnToday: $199K
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
$242K
+22%
Rental Income
+$185K
Total Position
$427K
+115%
16.5%/yr
Year 10
Capital Value
$295K
+48%
Rental Income
+$400K
Total Position
$695K
+249%
13.3%/yr
Year 20
Capital Value
$436K
+119%
Rental Income
+$938K
Total Position
$1.4M
+590%
10.1%/yr
Year 30
Capital Value
$645K
+224%
Rental Income
+$1.7M
Total Position
$2.3M
+1059%
8.5%/yr

Location

Lagos

Western Algarve, Approximate area

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Villa Scorecard

Location
Average
Emerging or secondary location
Rental Yield
Strong
17.5% annual return
Occupancy
Average
47% average occupancy
Nightly Rate
Strong
$422 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 17.5% — outperforms most villas in this market
Premium nightly rate of $422 — 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 47% — 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.
16.3%
$2,930/mo
40% occ.
21.7%
$3,906/mo
47% occ.
25.5%
$4,596/mo
current
57% occ.
30.9%
$5,572/mo

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Data Sources & Methodology

ROI calculations use verified Brixfox Intelligence rental data from a 12-month trailing window. Opex: 20% owner-managed, 45% fully-managed. Market factors in Portugal may impact actual yields.

Asking price · Freehold
$216,304
15.4%
Net yield
View original listing
Source verified · Idealista.pt · listed 2 Jun 2026
Estimates, not financial advice. Yields modelled from real Airbnb data.