T2 flat, Urbanização Vila Nova, 36, Mato Serrão - Vale da Lapa - Vale Currais, Lagoa e Carvoeiro
T2 flat, Urbanização Vila Nova, 36, Mato Serrão - Vale da Lapa - Vale Currais, Lagoa e Carvoeiro — image 2T2 flat, Urbanização Vila Nova, 36, Mato Serrão - Vale da Lapa - Vale Currais, Lagoa e Carvoeiro — image 3T2 flat, Urbanização Vila Nova, 36, Mato Serrão - Vale da Lapa - Vale Currais, Lagoa e Carvoeiro — image 4T2 flat, Urbanização Vila Nova, 36, Mato Serrão - Vale da Lapa - Vale Currais, Lagoa e Carvoeiro — image 5
Grade Aapartmentluxury

T2 flat, Urbanização Vila Nova, 36, Mato Serrão - Vale da Lapa - Vale Currais, Lagoa e Carvoeiro

Lagoa/Carvoeiro · Central Algarve ·

€350,000

Asking Price (EUR)

7.0%

True Net Yield (Owner, all-in)

4.8%

True Net Yield (Managed, all-in)

10.7%

True Gross Yield

51%

Occupancy

Projections — conservative (data maturing)

Our Airbnb calendar dataset started 1.9 months ago and is currently at 15% 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: €44,837/yr
Average Daily Rate: €239
+26.0% vs area baselineImage quality 8/10 (+3%), Portuguese-traditional style (+5%), Has pool (0%), Has view (+10%), Luxury finish (+8%)
Payback Period: 9.7 years
5-yr Capital Value: €459,895
10-yr Capital Value: €559,532
Brixfox Score: 75.6 / 100
Comparable Properties: 60
Data Confidence: 90%
Search Radius: 2 km

True Investment Cost

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

€417,580

+19.3% over asking

Asking price€350,000
IMT — Property transfer tax (investment schedule)€15,830
IS — Stamp duty (0.8%)€2,800
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€5,250
Total acquisition costs€25,130
Renovation€0 — move-in ready
Furnishing & STR launch (2bd × €8000 base, luxury tier)
Furniture, appliances, electronics, linens, AL licence setup, launch photography.		€42,450
All-in investment (incl. renovation & furnishing)€417,580

Gross yield (asking price)

12.8%

True gross yield (all-in)

10.7%

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: 101 m²
Style: portuguese-traditional
Condition: excellent
Year Built: 2008
Energy Certificate: B-
Private Pool
View

AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Design Features

large resort-style pool with bridgeslush green landscapingtraditional Algarve architecture with terracotta roofsmultiple balconies/terraces per unitwater features/canals within the complex

Score Breakdown

ROI
23.68
Visual Appeal
12.2
Ownership Security
13
Location
10.56
Land & Space
4.02
Rental Demand
5.13
Payback Speed
4
STR Suitability
3

Description

Located in the picturesque parish of Carvoeiro, in the district of Lagoa, we present this charming two-bedroom apartment with a touch of refinement, making it a unique opportunity in the real estate market. Situated on the ground floor, this apartment offers a cozy and functional environment. The apartment comprises a

Location

📍 37.1082°N, 8.4749°W

· Lagoa/Carvoeiro, Algarve, Portugal

View on Sotheby's Realty Carvoeiro →Also on Idealista.pt
Idealista.pt
Lagoa/Carvoeiro / Central Algarve

T2 flat, Urbanização Vila Nova, 36, Mato Serrão - Vale da Lapa - Vale Currais, Lagoa e Carvoeiro

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

Grade A investment — short-term rental yields 8.7% net return annually.

Go to Source via Idealista.pt

The Investment

Brixfox Score76
GradeA
Brixfox Intelligence
76AExcellent
Score Breakdown
ROI & Yield84%
Capital Growth80%
Risk Profile77%
Market Demand76%

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
+14.3%
Per Year (5yr avg)
Annualized projected property value change based on historical area appreciation rates (5-year average).
Capital Growth
+5.5%
+$97K in 5yr (+28%)
Estimated monthly net income after deducting management fees, operating costs, and taxes.
ROI Nett Rental Income
8.7%
$2,774/mo
Estimated time for the total investment value (equity + accumulated rent) to double.
100% Profit
7 yr
Combined
Number of years to fully recoup the initial purchase price using only net rental income.
Payback
11.4 yr
Rental only

Property details

Year built: 2008
Energy: B-
Condition: excellent

Description

Located in the picturesque parish of Carvoeiro, in the district of Lagoa, we present this charming two-bedroom apartment with a touch of refinement, making it a unique opportunity in the real estate market. Situated on the ground floor, this apartment offers a cozy and functional environment. The apartment comprises a

Income Breakdown

Adjust Forecast

Customize your projections
Nightly Rate (ADR)
$348/night
50% ($160)Brixfox estimate($348/night)200% ($641)
Occupancy
51%
10%Brixfox estimate(51%)100%

Short-Term Rental

Yearly income
$33,285
Airbnb data$348/night · 51% occupancy
Rental income
$348/night · 51% occ.
$65,289
Running costs (20%)
Utilities, cleaning, maintenance
-$13,058
Income tax (10%)
Indonesian rental income tax
-$18,281
Property tax
Annual property tax
-$666
Net income
8.7% ROI
$33,285

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$380,435
IMT (transfer tax, investment schedule)$17,207
Imposto de Selo (stamp duty)$3,043
Notary & registration$1,359
Legal / due diligence$5,707
Total acquisition costs$27,315
RenovationMove-in ready
Furnishing & STR launch
2bd × $8,696 base + appliances, electronics, outdoor, licence, photography, linens.		$46,141
All-in investment$453,891

Gross yield (asking)

17.2%

True gross yield (all-in)

14.4%

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 Lagoa/Carvoeiro.

$3.0M$2.2M$1.5M$745K$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Paid back2x ReturnToday: $350K
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 10: rental income alone has repaid the full purchase price.
2x return
Year 8: total gains (capital + rental) have doubled your initial investment.
Year 5
Capital Value
$426K
+22%
Rental Income
+$163K
Total Position
$588K
+68%
10.9%/yr
Year 10
Capital Value
$518K
+48%
Rental Income
+$351K
Total Position
$869K
+148%
9.5%/yr
Year 20
Capital Value
$767K
+119%
Rental Income
+$823K
Total Position
$1.6M
+354%
7.9%/yr
Year 30
Capital Value
$1.1M
+224%
Rental Income
+$1.5M
Total Position
$2.6M
+641%
6.9%/yr

Location

Lagoa/Carvoeiro

Central Algarve, Approximate area

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Airbnb Comp Analysis

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Villa Scorecard

Location
Average
Emerging or secondary location
Rental Yield
Strong
8.7% annual return
Occupancy
Average
51% average occupancy
Nightly Rate
Strong
$320 per night
Visual Appeal
Strong
8/10 instagrammability
Size & Space
Weak
0 m² land area
Zoning
Average
STR zoning not confirmed
Tenure
Strong
Freehold ownership

Top Highlights

High rental yield at 8.7% — outperforms most villas in this market
Premium nightly rate of $320 — positioned in the top tier
Stunning visuals with 8/10 instagrammability — commands premium nightly rates

Watch Out

Secondary location — rental demand may be lower than premium areas
Occupancy at 51% — 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

31% occ.
7.2%
$2,270/mo
41% occ.
9.5%
$3,011/mo
51% occ.
11.8%
$3,753/mo
current
61% occ.
14.2%
$4,495/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.