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

T3 flat in Chinicato - Sargaçal, Lagos

Lagos · Western Algarve ·

€330,000

Asking Price (EUR)

13.1%

True Net Yield (Owner, all-in)

9.4%

True Net Yield (Managed, all-in)

15.5%

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: €60,551/yr
Average Daily Rate: €364
+10.0% vs area baselineModern/contemporary style (+12%), No pool (-12%), Has view (+10%)
Payback Period: 9.6 years
5-yr Capital Value: €382,560
10-yr Capital Value: €443,492
Brixfox Score: 77 / 100
Comparable Properties: 3
Data Confidence: 68%
Search Radius: 2 km

True Investment Cost

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

€391,025

+18.5% over asking

Asking price€330,000
IMT — Property transfer tax (investment schedule)€14,230
IS — Stamp duty (0.8%)€2,640
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€4,950
Total acquisition costs€23,070
Renovation (est. €55/m² × 141 m²)
Light touch-ups — paint, fixtures, deep clean.		€7,755
(€4,230–€11,280)
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)€391,025

Gross yield (asking price)

18.4%

True gross yield (all-in)

15.5%

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: 141 m²
Style: contemporary
Condition: good
Year Built: 2003
Energy Certificate: D
View

AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Design Features

balconiesterraced-buildings

Score Breakdown

ROI
25
Visual Appeal
10.2
Ownership Security
13
Location
10.44
Land & Space
4.82
Rental Demand
4.55
Payback Speed
5
STR Suitability
4

Description

This apartment is set in a residential area of Chinicato, just a few minutes drive from Lagos and all amenities. The accommodation comprises a hallway leading to all areas, a living room with a balcony, a kitchen with a dining area, a pantry and a closed balcony, 3 double bedrooms with fitted wardrobes and 2 bathrooms

Location

📍 37.1325°N, 8.6689°W

· Lagos, Algarve, Portugal

View on Idealista.pt
T3 flat in Chinicato - Sargaçal, Lagos
Idealista.pt
Source verified

T3 flat in Chinicato - Sargaçal, Lagos

Lagos · Western Algarve · Freehold · Ref BF-5353
Ownership
Freehold
Bedrooms
3
Bathrooms
2
Built area
141 m²
True net yield
10.4%
≈ $5,681/mo net after costs & tax
Brixfox Score 77 · A

Property details

Year built: 2003
Energy: D
Condition: good

Description

This apartment is set in a residential area of Chinicato, just a few minutes drive from Lagos and all amenities. The accommodation comprises a hallway leading to all areas, a living room with a balcony, a kitchen with a dining area, a pantry and a closed balcony, 3 double bedrooms with fitted wardrobes and 2 bathrooms

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)
$524/night
50% ($241)Brixfox estimate($524/night)200% ($964)
Occupancy
46%
10%Brixfox estimate(46%)100%

Short-Term Rental

Yearly income
$41,904
Airbnb data$524/night · 46% occupancy
Rental income
$524/night · 46% occ.
$80,585
Running costs (20%)
Utilities, cleaning, maintenance
-$16,117
Income tax (10%)
Indonesian rental income tax
-$22,564
Property tax
Annual property tax
-$0
Net income
11.7% ROI
$41,904

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

10.4%

on all-in cost of $403,749

Scenario
Pre-tax
After-tax
Owner-managed
16.9%
15.1%
Fully-managed
12.1%
10.4%
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

20.0%

Annual Revenue

$80,585

Income Tax / yr

$7,051

Payback

10 yrs

True All-In Cost
Asking price$358,696
IMT — transfer tax (non-resident 7.5%)$26,902
Stamp duty (0.8%)$2,870
Notary + registry$2,174
Legal$4,412
Furnishing + STR launch$8,696
All-in cost$403,749

Growth & Exit Strategy

How your investment grows over time

Freehold — 4%/yr appreciation in Lagos.

$3.3M$2.5M$1.7M$835K$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Paid back2x ReturnToday: $330K
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 8: rental income alone has repaid the full purchase price.
2x return
Year 6: total gains (capital + rental) have doubled your initial investment.
Year 5
Capital Value
$401K
+22%
Rental Income
+$205K
Total Position
$606K
+84%
12.9%/yr
Year 10
Capital Value
$488K
+48%
Rental Income
+$442K
Total Position
$930K
+182%
10.9%/yr
Year 20
Capital Value
$723K
+119%
Rental Income
+$1.0M
Total Position
$1.8M
+433%
8.7%/yr
Year 30
Capital Value
$1.1M
+224%
Rental Income
+$1.8M
Total Position
$2.9M
+780%
7.5%/yr

Location

Lagos

Western Algarve, Approximate area

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Villa Scorecard

Location
Average
Emerging or secondary location
Rental Yield
Strong
11.7% annual return
Occupancy
Average
46% average occupancy
Nightly Rate
Strong
$482 per night
Visual Appeal
Good
6/10 instagrammability
Size & Space
Weak
0 m² land area
Zoning
Average
STR zoning not confirmed
Tenure
Strong
Freehold ownership

Top Highlights

High rental yield at 11.7% — outperforms most villas in this market
Premium nightly rate of $482 — 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 46% — 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.
11.2%
$3,345/mo
40% occ.
14.9%
$4,460/mo
46% occ.
17.0%
$5,077/mo
current
56% occ.
20.7%
$6,192/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
$358,696
10.4%
Net yield
View original listing
Source verified · Idealista.pt · listed 2 Jun 2026
Estimates, not financial advice. Yields modelled from real Airbnb data.