Terraced house in Rua Clube Golfmar, Vale Milho - Vale Centeanes - Algar seco, Lagoa e Carvoeiro
Terraced house in Rua Clube Golfmar, Vale Milho - Vale Centeanes - Algar seco, Lagoa e Carvoeiro — image 2Terraced house in Rua Clube Golfmar, Vale Milho - Vale Centeanes - Algar seco, Lagoa e Carvoeiro — image 3Terraced house in Rua Clube Golfmar, Vale Milho - Vale Centeanes - Algar seco, Lagoa e Carvoeiro — image 4Terraced house in Rua Clube Golfmar, Vale Milho - Vale Centeanes - Algar seco, Lagoa e Carvoeiro — image 5
Grade Bvillamid-range

Terraced house in Rua Clube Golfmar, Vale Milho - Vale Centeanes - Algar seco, Lagoa e Carvoeiro

Lagoa/Carvoeiro · Central Algarve ·

€450,000

Asking Price (EUR)

3.5%

True Net Yield (Owner, all-in)

2.1%

True Net Yield (Managed, all-in)

5.3%

True Gross Yield

37%

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: €27,359/yr
Average Daily Rate: €201
+6.0% vs area baselineImage quality 8/10 (+3%), Portuguese-traditional style (+5%), No pool (-12%), Has view (+10%)
Payback Period: 50.7 years
5-yr Capital Value: €521,673
10-yr Capital Value: €604,762
Brixfox Score: 55.2 / 100
Comparable Properties: 30
Data Confidence: 95%
Search Radius: 2 km

True Investment Cost

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

€512,280

+13.8% over asking

Asking price€450,000
IMT — Property transfer tax (investment schedule)€23,830
IS — Stamp duty (0.8%)€3,600
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€6,750
Total acquisition costs€35,430
Renovation€0 — move-in ready
Furnishing & STR launch (2bd × €4500 base, mid-range tier)
Furniture, appliances, electronics, linens, AL licence setup, launch photography.		€26,850
All-in investment (incl. renovation & furnishing)€512,280

Gross yield (asking price)

6.1%

True gross yield (all-in)

5.3%

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.

Bedrooms: 2
Bathrooms: 2
Building: 70 m²
Style: portuguese-traditional
Condition: excellent
Year Built: 2002
Energy Certificate: C
View

AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Design Features

rooftop terraceocean viewpalm trees

Score Breakdown

ROI
7.88
Visual Appeal
12.6
Ownership Security
13
Location
10.56
Land & Space
3.4
Rental Demand
3.73
Payback Speed
0
STR Suitability
4

Description

Fabulous end-terrace cluster villa located in the prestigious Clube Golfemar development, just 2 km east of the charming fishing village of Carvoeiro. This beautifully presented two-bedroom property has been recently redecorated with great taste, creating a warm, welcoming, and comfortable home designed with guests’ c

Location

📍 37.0927°N, 8.4432°W

· Lagoa/Carvoeiro, Algarve, Portugal

View on Genesiskey - Mediação Imobiliária →Also on Idealista.pt
Terraced house in Rua Clube Golfmar, Vale Milho - Vale Centeanes - Algar seco, Lagoa e Carvoeiro
Idealista.pt
Source verified

Terraced house in Rua Clube Golfmar, Vale Milho - Vale Centeanes - Algar seco, Lagoa e Carvoeiro

Lagoa/Carvoeiro · Central Algarve · Freehold · Ref BF-5785
Ownership
Freehold
Bedrooms
2
Bathrooms
2
Built area
70 m²
True net yield
2.0%
≈ $1,990/mo net after costs & tax
Brixfox Score 55 · B

Property details

Year built: 2002
Energy: C
Condition: excellent

Description

Fabulous end-terrace cluster villa located in the prestigious Clube Golfemar development, just 2 km east of the charming fishing village of Carvoeiro. This beautifully presented two-bedroom property has been recently redecorated with great taste, creating a warm, welcoming, and comfortable home designed with guests’ c

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)
$289/night
50% ($133)Brixfox estimate($289/night)200% ($532)
Occupancy
37%
10%Brixfox estimate(37%)100%

Short-Term Rental

Yearly income
$18,950
Airbnb data$289/night · 37% occupancy
Rental income
$289/night · 37% occ.
$36,442
Running costs (20%)
Utilities, cleaning, maintenance
-$7,288
Income tax (10%)
Indonesian rental income tax
-$10,204
Property tax
Annual property tax
-$0
Net income
3.9% ROI
$18,950

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

2.0%

on all-in cost of $565,092

Scenario
Pre-tax
After-tax
Owner-managed
4.2%
3.7%
Fully-managed
2.5%
2.0%
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

6.5%

Annual Revenue

$36,442

Income Tax / yr

$3,189

Payback

51 yrs

True All-In Cost
Asking price$489,130
IMT — transfer tax (non-resident 7.5%)$36,685
Stamp duty (0.8%)$3,913
Notary + registry$2,174
Legal$6,016
Furnishing + STR launch$27,174
All-in cost$565,092

Growth & Exit Strategy

How your investment grows over time

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

$2.6M$2.0M$1.3M$658K$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Paid back2x ReturnToday: $450K
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 20: rental income alone has repaid the full purchase price.
2x return
Year 11: total gains (capital + rental) have doubled your initial investment.
Year 5
Capital Value
$547K
+22%
Rental Income
+$93K
Total Position
$640K
+42%
7.3%/yr
Year 10
Capital Value
$666K
+48%
Rental Income
+$200K
Total Position
$866K
+92%
6.8%/yr
Year 20
Capital Value
$986K
+119%
Rental Income
+$468K
Total Position
$1.5M
+223%
6.0%/yr
Year 30
Capital Value
$1.5M
+224%
Rental Income
+$829K
Total Position
$2.3M
+409%
5.6%/yr

Location

Lagoa/Carvoeiro

Central Algarve, Approximate area

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Villa Scorecard

Location
Average
Emerging or secondary location
Rental Yield
Average
3.9% annual return
Occupancy
Weak
37% average occupancy
Nightly Rate
Strong
$266 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 $266 — 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 3.9% 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.
4.5%
$1,847/mo
40% occ.
6.0%
$2,462/mo
37% occ.
5.6%
$2,296/mo
current
47% occ.
7.1%
$2,911/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
$489,130
2.0%
Net yield
View original listing
Source verified · Idealista.pt · listed 2 Jun 2026
Estimates, not financial advice. Yields modelled from real Airbnb data.