T2 flat in Rua João Paulo II, 1, Mato Serrão - Vale da Lapa - Vale Currais, Lagoa e Carvoeiro
T2 flat in Rua João Paulo II, 1, Mato Serrão - Vale da Lapa - Vale Currais, Lagoa e Carvoeiro — image 2T2 flat in Rua João Paulo II, 1, Mato Serrão - Vale da Lapa - Vale Currais, Lagoa e Carvoeiro — image 3T2 flat in Rua João Paulo II, 1, Mato Serrão - Vale da Lapa - Vale Currais, Lagoa e Carvoeiro — image 4T2 flat in Rua João Paulo II, 1, Mato Serrão - Vale da Lapa - Vale Currais, Lagoa e Carvoeiro — image 5
Grade B+apartmentmid-range

T2 flat in Rua João Paulo II, 1, Mato Serrão - Vale da Lapa - Vale Currais, Lagoa e Carvoeiro

Lagoa/Carvoeiro · Central Algarve ·

€475,000

Asking Price (EUR)

5.4%

True Net Yield (Owner, all-in)

3.7%

True Net Yield (Managed, all-in)

6.9%

True Gross Yield

46%

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: €37,221/yr
Average Daily Rate: €220
+6.0% vs area baselineImage quality 8/10 (+3%), Portuguese-traditional style (+5%), No pool (-12%), Has view (+10%)
Payback Period: 26.1 years
5-yr Capital Value: €550,655
10-yr Capital Value: €638,360
Brixfox Score: 65.8 / 100
Comparable Properties: 50
Data Confidence: 96%
Search Radius: 2 km

True Investment Cost

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

€537,855

+13.2% over asking

Asking price€475,000
IMT — Property transfer tax (investment schedule)€25,830
IS — Stamp duty (0.8%)€3,800
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€7,125
Total acquisition costs€38,005
Renovation€0 — move-in ready
Furnishing & STR launch (2bd × €4500 base, mid-range tier)
Furniture, appliances, electronics, linens, AL licence setup, launch photography.		€24,850
All-in investment (incl. renovation & furnishing)€537,855

Gross yield (asking price)

7.8%

True gross yield (all-in)

6.9%

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: 2
Building: 129 m²
Style: portuguese-traditional
Condition: excellent
Energy Certificate: B-
View

AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Design Features

wooden pergolaterracotta roof tilesglass balcony railing

Score Breakdown

ROI
14.41
Visual Appeal
12.6
Ownership Security
13
Location
10.56
Land & Space
4.58
Rental Demand
4.64
Payback Speed
2
STR Suitability
4

Description

Monte Santo Resort in Carvoeiro is in perfect harmony with nature, designed to offer a perfect balance between comfort and relaxed luxury. It is a family destination, ideal for relaxing near the beach, with access to various sports and leisure activities. It is 2 km from the center of Carvoeiro, 4 km from Lagoa and is

Location

📍 37.1054°N, 8.4699°W

· Lagoa/Carvoeiro, Algarve, Portugal

View on LUXIMOS Christie’s International Real Estate →Also on Idealista.pt
T2 flat in Rua João Paulo II, 1, Mato Serrão - Vale da Lapa - Vale Currais, Lagoa e Carvoeiro
Idealista.pt
Source verified

T2 flat in Rua João Paulo II, 1, Mato Serrão - Vale da Lapa - Vale Currais, Lagoa e Carvoeiro

Lagoa/Carvoeiro · Central Algarve · Freehold · Ref BF-5318
Ownership
Freehold
Bedrooms
2
Bathrooms
2
Built area
129 m²
True net yield
3.8%
≈ $3,237/mo net after costs & tax
Brixfox Score 66 · B+

Property details

Energy: B-
Condition: excellent

Description

Monte Santo Resort in Carvoeiro is in perfect harmony with nature, designed to offer a perfect balance between comfort and relaxed luxury. It is a family destination, ideal for relaxing near the beach, with access to various sports and leisure activities. It is 2 km from the center of Carvoeiro, 4 km from Lagoa and is

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.

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Customize your projections
Nightly Rate (ADR)
$316/night
50% ($145)Brixfox estimate($316/night)200% ($582)
Occupancy
46%
10%Brixfox estimate(46%)100%

Short-Term Rental

Yearly income
$25,781
Airbnb data$316/night · 46% occupancy
Rental income
$316/night · 46% occ.
$49,579
Running costs (20%)
Utilities, cleaning, maintenance
-$9,916
Income tax (10%)
Indonesian rental income tax
-$13,882
Property tax
Annual property tax
-$0
Net income
5.0% ROI
$25,781

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

Approx. location

Net Yield · Fully-Managed · After Tax

3.8%

on all-in cost of $576,378

Scenario
Pre-tax
After-tax
Owner-managed
6.7%
6.0%
Fully-managed
4.6%
3.8%
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

8.6%

Annual Revenue

$49,579

Income Tax / yr

$4,338

Payback

26 yrs

True All-In Cost
Asking price$516,304
IMT — transfer tax (non-resident 7.5%)$38,723
Stamp duty (0.8%)$4,130
Notary + registry$2,174
Legal$6,351
Furnishing + STR launch$8,696
All-in cost$576,378

Growth & Exit Strategy

How your investment grows over time

Freehold — 4%/yr appreciation in Lagoa/Carvoeiro.

$3.1M$2.3M$1.5M$767K$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Paid back2x ReturnToday: $475K
Capital appreciation
Property value growing at +4%/yr based on Lagoa/Carvoeiro 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
$578K
+22%
Rental Income
+$126K
Total Position
$704K
+48%
8.2%/yr
Year 10
Capital Value
$703K
+48%
Rental Income
+$272K
Total Position
$975K
+105%
7.5%/yr
Year 20
Capital Value
$1.0M
+119%
Rental Income
+$637K
Total Position
$1.7M
+253%
6.5%/yr
Year 30
Capital Value
$1.5M
+224%
Rental Income
+$1.1M
Total Position
$2.7M
+462%
5.9%/yr

Location

Lagoa/Carvoeiro

Central Algarve, Approximate area

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Villa Scorecard

Location
Average
Emerging or secondary location
Rental Yield
Average
5.0% annual return
Occupancy
Average
46% average occupancy
Nightly Rate
Strong
$291 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

Premium nightly rate of $291 — positioned in the top tier
Freehold ownership — maximum long-term security

Watch Out

Secondary location — rental demand may be lower than premium areas
Yield of 5.0% is near 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.
4.7%
$2,019/mo
40% occ.
6.3%
$2,693/mo
46% occ.
7.3%
$3,123/mo
current
56% occ.
8.8%
$3,797/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
$516,304
3.8%
Net yield
View original listing
Source verified · Idealista.pt · listed 2 Jun 2026
Estimates, not financial advice. Yields modelled from real Airbnb data.