Terraced house, Urbanização Terraços de Benagil, 28, Caramujeira - Vale d'El Rei - Benagil, Lagoa e Carvoeiro
Terraced house, Urbanização Terraços de Benagil, 28, Caramujeira - Vale d'El Rei - Benagil, Lagoa e Carvoeiro — image 2Terraced house, Urbanização Terraços de Benagil, 28, Caramujeira - Vale d'El Rei - Benagil, Lagoa e Carvoeiro — image 3Terraced house, Urbanização Terraços de Benagil, 28, Caramujeira - Vale d'El Rei - Benagil, Lagoa e Carvoeiro — image 4Terraced house, Urbanização Terraços de Benagil, 28, Caramujeira - Vale d'El Rei - Benagil, Lagoa e Carvoeiro — image 5
Grade Bvillamid-range

Terraced house, Urbanização Terraços de Benagil, 28, Caramujeira - Vale d'El Rei - Benagil, Lagoa e Carvoeiro

Lagoa/Carvoeiro · Central Algarve ·

€615,000

Asking Price (EUR)

3.1%

True Net Yield (Owner, all-in)

2.1%

True Net Yield (Managed, all-in)

4.8%

True Gross Yield

42%

Occupancy

Projections — conservative (data maturing)

Our Airbnb calendar dataset started 2 months ago and is currently at 16% 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: €33,508/yr
Average Daily Rate: €217
Payback Period: 22.8 years
5-yr Capital Value: €808,101
10-yr Capital Value: €983,178
Brixfox Score: 62.8 / 100
Comparable Properties: 20
Data Confidence: 89%
Search Radius: 2 km

True Investment Cost

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

€702,660

+14.3% over asking

Asking price€615,000
IMT — Property transfer tax (investment schedule)€37,030
IS — Stamp duty (0.8%)€4,920
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€9,225
Total acquisition costs€52,425
Renovation (est. €55/m² × 107 m²)
Light touch-ups — paint, fixtures, deep clean.		€5,885
(€3,210–€8,560)
Furnishing & STR launch (2bd × €4500 base, mid-range tier)
Furniture, appliances, electronics, linens, AL licence setup, launch photography.		€29,350
All-in investment (incl. renovation & furnishing)€702,660

Gross yield (asking price)

5.5%

True gross yield (all-in)

4.8%

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: 3
Building: 107 m²
Land: 82 m²
Style: portuguese-traditional
Condition: good
Year Built: 2003
Energy Certificate: D
Private Pool
View

AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Design Features

coastal cliffside locationmultiple communal poolsterraced townhouses

Score Breakdown

ROI
14.51
Visual Appeal
14.2
Ownership Security
13
Location
10.56
Land & Space
2.33
Rental Demand
4.23
Payback Speed
1
STR Suitability
3

Description

Magnificent 2-bedroom Townhouse with breathtaking Sea Views in the Exclusive Terraços de Benagil, a condominium with a Swimming Pool in the Cliffs, ideally located just a few meters from Benagil Beach and Carvalho Beach, in Lagoa, Algarve. This exceptional property stands out for its breathtaking sea views, enjoyed fr

Location

📍 37.0868°N, 8.4283°W

· Lagoa/Carvoeiro, Algarve, Portugal

View on Wilderness Investments - Real Estate →Also on Idealista.pt
Idealista.pt
Lagoa/Carvoeiro / Central Algarve

Terraced house, Urbanização Terraços de Benagil, 28, Caramujeira - Vale d'El Rei - Benagil, Lagoa e Carvoeiro

Inventory
2 Beds
Bathrooms
3 Baths
Built Area
107 m²
Land Plot
82 m²
Tenure
Freehold
Yield Curve Status

Grade B investment — short-term rental yields 3.6% net return annually.

Go to Source via Idealista.pt

The Investment

Brixfox Score63
GradeB
Brixfox Intelligence
63BStrong
Score Breakdown
ROI & Yield69%
Capital Growth66%
Risk Profile65%
Market Demand63%

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
+9.1%
Per Year (5yr avg)
Annualized projected property value change based on historical area appreciation rates (5-year average).
Capital Growth
+5.5%
+$170K in 5yr (+28%)
Estimated monthly net income after deducting management fees, operating costs, and taxes.
ROI Nett Rental Income
3.6%
$2,010/mo
Estimated time for the total investment value (equity + accumulated rent) to double.
100% Profit
10 yr
Combined
Number of years to fully recoup the initial purchase price using only net rental income.
Payback
27.7 yr
Rental only

Property details

Year built: 2003
Energy: D
Condition: good

Description

Magnificent 2-bedroom Townhouse with breathtaking Sea Views in the Exclusive Terraços de Benagil, a condominium with a Swimming Pool in the Cliffs, ideally located just a few meters from Benagil Beach and Carvalho Beach, in Lagoa, Algarve. This exceptional property stands out for its breathtaking sea views, enjoyed fr

Income Breakdown

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Nightly Rate (ADR)
$315/night
50% ($145)Brixfox estimate($315/night)200% ($579)
Occupancy
42%
10%Brixfox estimate(42%)100%

Short-Term Rental

Yearly income
$24,117
Airbnb data$315/night · 42% occupancy
Rental income
$315/night · 42% occ.
$48,629
Running costs (20%)
Utilities, cleaning, maintenance
-$9,726
Income tax (10%)
Indonesian rental income tax
-$13,616
Property tax
Annual property tax
-$1,170
Net income
3.6% ROI
$24,117

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$668,478
IMT (transfer tax, investment schedule)$40,250
Imposto de Selo (stamp duty)$5,348
Notary & registration$1,359
Legal / due diligence$10,027
Total acquisition costs$56,984
Renovation (~$60/m²)
Light touch-ups — paint, fixtures, deep clean.		$6,397
($3,489–$9,304)
Furnishing & STR launch
2bd × $4,891 base + appliances, electronics, outdoor, licence, photography, linens.		$29,728
All-in investment$761,587

Gross yield (asking)

7.3%

True gross yield (all-in)

6.4%

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.

$3.5M$2.6M$1.8M$877K$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Paid back2x ReturnToday: $615K
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 21: 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
$748K
+22%
Rental Income
+$118K
Total Position
$866K
+41%
7.1%/yr
Year 10
Capital Value
$910K
+48%
Rental Income
+$254K
Total Position
$1.2M
+89%
6.6%/yr
Year 20
Capital Value
$1.3M
+119%
Rental Income
+$596K
Total Position
$1.9M
+216%
5.9%/yr
Year 30
Capital Value
$2.0M
+224%
Rental Income
+$1.1M
Total Position
$3.1M
+396%
5.5%/yr

Location

Lagoa/Carvoeiro

Central Algarve, Approximate area

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Villa Scorecard

Location
Average
Emerging or secondary location
Rental Yield
Average
3.6% annual return
Occupancy
Weak
42% average occupancy
Nightly Rate
Strong
$290 per night
Visual Appeal
Strong
8/10 instagrammability
Size & Space
Weak
82 m² land area
Zoning
Average
STR zoning not confirmed
Tenure
Strong
Freehold ownership

Top Highlights

Premium nightly rate of $290 — positioned in the top tier
Stunning visuals with 8/10 instagrammability — commands premium nightly rates
Freehold ownership — maximum long-term security

Watch Out

Secondary location — rental demand may be lower than premium areas
Yield of 3.6% 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.
3.4%
$1,914/mo
40% occ.
4.6%
$2,584/mo
42% occ.
4.9%
$2,740/mo
current
52% occ.
6.1%
$3,410/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.