Penthouse, Quinta do Sol, 31, Mato Serrão - Vale da Lapa - Vale Currais, Lagoa e Carvoeiro
Penthouse, Quinta do Sol, 31, Mato Serrão - Vale da Lapa - Vale Currais, Lagoa e Carvoeiro — image 2Penthouse, Quinta do Sol, 31, Mato Serrão - Vale da Lapa - Vale Currais, Lagoa e Carvoeiro — image 3Penthouse, Quinta do Sol, 31, Mato Serrão - Vale da Lapa - Vale Currais, Lagoa e Carvoeiro — image 4Penthouse, Quinta do Sol, 31, Mato Serrão - Vale da Lapa - Vale Currais, Lagoa e Carvoeiro — image 5
Grade B+apartmentmid-range

Penthouse, Quinta do Sol, 31, Mato Serrão - Vale da Lapa - Vale Currais, Lagoa e Carvoeiro

Lagoa/Carvoeiro · Central Algarve ·

€750,000

Asking Price (EUR)

4.7%

True Net Yield (Owner, all-in)

3.3%

True Net Yield (Managed, all-in)

7.3%

True Gross Yield

55%

Occupancy

Projections — conservative (data maturing)

Our Airbnb calendar dataset started 1.4 months ago and is currently at 12% maturity. Yields shown apply a conservative calibration (realised-ADR factor 0.73, occupancy cap 66%) that auto-fades to full fidelity by April 2027.

Projected Gross Revenue: €62,060/yr
Average Daily Rate: €309
Payback Period: 14.8 years
5-yr Capital Value: €985,489
10-yr Capital Value: €1.2M
Brixfox Score: 70.9 / 100
Comparable Properties: 21
Data Confidence: 93%
Search Radius: 2 km

True Investment Cost

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

€853,270

+13.8% over asking

Asking price€750,000
IMT — Property transfer tax (investment schedule)€45,000
IS — Stamp duty (0.8%)€6,000
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€11,250
Total acquisition costs€63,500
Renovation (est. €55/m² × 174 m²)
Light touch-ups — paint, fixtures, deep clean.		€9,570
(€5,220–€13,920)
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)€853,270

Gross yield (asking price)

8.3%

True gross yield (all-in)

7.3%

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: 3
Bathrooms: 3
Building: 174 m²
Style: portuguese-traditional
Condition: good
Year Built: 2003
Energy Certificate: E
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AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Design Features

stone facade accentsmultiple outdoor terracesbuilt-in outdoor BBQ

Score Breakdown

ROI
18.21
Visual Appeal
12.2
Ownership Security
13
Location
10.56
Land & Space
5.48
Rental Demand
5.5
Payback Speed
3
STR Suitability
3

Description

**Spectacular Penthouse in Mato Serrão, Carvoeiro** Discover your new home in this stunning penthouse located in Mato Serrão, Carvoeiro. With a gross area of 174 m², this property offers a perfect space for those seeking comfort and style. On the ground floor, a cozy living room welcomes you, accompanied by a hallway l

Location

📍 37.1023°N, 8.4718°W

· Lagoa/Carvoeiro, Algarve, Portugal

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Idealista.pt
Lagoa/Carvoeiro / Central Algarve

Penthouse, Quinta do Sol, 31, Mato Serrão - Vale da Lapa - Vale Currais, Lagoa e Carvoeiro

Inventory
3 Beds
Bathrooms
3 Baths
Built Area
174 m²
Land Plot
0 m²
Tenure
Freehold
Yield Curve Status

Grade B+ investment — short-term rental yields 5.7% net return annually.

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The Investment

Brixfox Score71
GradeB+
Brixfox Intelligence
71B+Strong
Score Breakdown
ROI & Yield78%
Capital Growth75%
Risk Profile72%
Market Demand71%

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
+11.2%
Per Year (5yr avg)
Annualized projected property value change based on historical area appreciation rates (5-year average).
Capital Growth
+5.5%
+$207K in 5yr (+28%)
Estimated monthly net income after deducting management fees, operating costs, and taxes.
ROI Nett Rental Income
5.7%
$3,860/mo
Estimated time for the total investment value (equity + accumulated rent) to double.
100% Profit
9 yr
Combined
Number of years to fully recoup the initial purchase price using only net rental income.
Payback
17.6 yr
Rental only

Property details

Year built: 2003
Energy: E
Condition: good

Description

**Spectacular Penthouse in Mato Serrão, Carvoeiro** Discover your new home in this stunning penthouse located in Mato Serrão, Carvoeiro. With a gross area of 174 m², this property offers a perfect space for those seeking comfort and style. On the ground floor, a cozy living room welcomes you, accompanied by a hallway l

Income Breakdown

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Nightly Rate (ADR)
$458/night
50% ($210)Brixfox estimate($458/night)200% ($842)
Occupancy
55%
10%Brixfox estimate(55%)100%

Short-Term Rental

Yearly income
$46,325
Airbnb data$458/night · 55% occupancy
Rental income
$458/night · 55% occ.
$91,830
Running costs (20%)
Utilities, cleaning, maintenance
-$18,366
Income tax (10%)
Indonesian rental income tax
-$25,713
Property tax
Annual property tax
-$1,427
Net income
5.7% ROI
$46,325

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$815,217
IMT (transfer tax, investment schedule)$48,913
Imposto de Selo (stamp duty)$6,522
Notary & registration$1,359
Legal / due diligence$12,228
Total acquisition costs$69,022
Renovation (~$60/m²)
Light touch-ups — paint, fixtures, deep clean.		$10,402
($5,674–$15,130)
Furnishing & STR launch
3bd × $4,891 base + appliances, electronics, outdoor, licence, photography, linens.		$32,826
All-in investment$927,467

Gross yield (asking)

11.3%

True gross yield (all-in)

9.9%

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.

$5.1M$3.8M$2.6M$1.3M$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Paid back2x ReturnToday: $750K
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 15: rental income alone has repaid the full purchase price.
2x return
Year 9: total gains (capital + rental) have doubled your initial investment.
Year 5
Capital Value
$912K
+22%
Rental Income
+$226K
Total Position
$1.1M
+52%
8.7%/yr
Year 10
Capital Value
$1.1M
+48%
Rental Income
+$489K
Total Position
$1.6M
+113%
7.9%/yr
Year 20
Capital Value
$1.6M
+119%
Rental Income
+$1.1M
Total Position
$2.8M
+272%
6.8%/yr
Year 30
Capital Value
$2.4M
+224%
Rental Income
+$2.0M
Total Position
$4.5M
+495%
6.1%/yr

Location

Lagoa/Carvoeiro

Central Algarve, Approximate area

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Villa Scorecard

Location
Average
Emerging or secondary location
Rental Yield
Good
5.7% annual return
Occupancy
Average
55% average occupancy
Nightly Rate
Strong
$421 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

Premium nightly rate of $421 — 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 55% — 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

35% occ.
4.8%
$3,290/mo
45% occ.
6.3%
$4,264/mo
55% occ.
7.7%
$5,238/mo
current
65% occ.
9.1%
$6,212/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.