T2 flat in Vale Milho - Vale Centeanes - Algar seco, Lagoa e Carvoeiro
T2 flat in Vale Milho - Vale Centeanes - Algar seco, Lagoa e Carvoeiro — image 2T2 flat in Vale Milho - Vale Centeanes - Algar seco, Lagoa e Carvoeiro — image 3T2 flat in Vale Milho - Vale Centeanes - Algar seco, Lagoa e Carvoeiro — image 4T2 flat in Vale Milho - Vale Centeanes - Algar seco, Lagoa e Carvoeiro — image 5
Grade B+apartmentmid-range

T2 flat in Vale Milho - Vale Centeanes - Algar seco, Lagoa e Carvoeiro

Lagoa/Carvoeiro · Central Algarve ·

€399,000

Asking Price (EUR)

4.5%

True Net Yield (Owner, all-in)

3.1%

True Net Yield (Managed, all-in)

6.9%

True Gross Yield

50%

Occupancy

Projections — conservative (data maturing)

Our Airbnb calendar dataset started 1.9 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: €31,462/yr
Average Daily Rate: €173
Payback Period: 15.8 years
5-yr Capital Value: €524,280
10-yr Capital Value: €637,867
Brixfox Score: 66.2 / 100
Comparable Properties: 72
Data Confidence: 92%
Search Radius: 2 km

True Investment Cost

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

€454,027

+13.8% over asking

Asking price€399,000
IMT — Property transfer tax (investment schedule)€19,750
IS — Stamp duty (0.8%)€3,192
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€5,985
Total acquisition costs€30,177
Renovation€0 — move-in ready
Furnishing & STR launch (2bd × €4500 base, mid-range tier)
Furniture, appliances, electronics, linens, AL licence setup, launch photography.		€24,850
All-in investment (incl. renovation & furnishing)€454,027

Gross yield (asking price)

7.9%

True gross yield (all-in)

6.9%

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
Building: 106 m²
Style: portuguese-traditional
Condition: excellent
View

AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Design Features

ocean view terracetraditional Algarve architecturemodern reception desk

Score Breakdown

ROI
17.53
Visual Appeal
10
Ownership Security
13
Location
10.56
Land & Space
4.12
Rental Demand
4.99
Payback Speed
3
STR Suitability
3

Description

Located in the heart of Carvoeiro, a picturesque village in the Algarve, this stunning apartment offers a perfect blend of comfort and tranquility. With 2 spacious bedrooms, 2 bathrooms, and a total living area of 106m², this property is ideal for those seeking a relaxing retreat. The apartment is on the 6th floor, off

Location

📍 37.0940°N, 8.4720°W

· Lagoa/Carvoeiro, Algarve, Portugal

View on Idealista.pt
Idealista.pt
Lagoa/Carvoeiro / Central Algarve

T2 flat in Vale Milho - Vale Centeanes - Algar seco, Lagoa e Carvoeiro

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

Grade B+ investment — short-term rental yields 5.3% net return annually.

Go to Source via Idealista.pt

The Investment

Brixfox Score66
GradeB+
Brixfox Intelligence
66B+Strong
Score Breakdown
ROI & Yield73%
Capital Growth69%
Risk Profile68%
Market Demand66%

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
+10.8%
Per Year (5yr avg)
Annualized projected property value change based on historical area appreciation rates (5-year average).
Capital Growth
+5.5%
+$110K in 5yr (+28%)
Estimated monthly net income after deducting management fees, operating costs, and taxes.
ROI Nett Rental Income
5.3%
$1,917/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
18.9 yr
Rental only

Property details

Condition: excellent

Description

Located in the heart of Carvoeiro, a picturesque village in the Algarve, this stunning apartment offers a perfect blend of comfort and tranquility. With 2 spacious bedrooms, 2 bathrooms, and a total living area of 106m², this property is ideal for those seeking a relaxing retreat. The apartment is on the 6th floor, off

Income Breakdown

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Customize your projections
Nightly Rate (ADR)
$251/night
50% ($115)Brixfox estimate($251/night)200% ($462)
Occupancy
50%
10%Brixfox estimate(50%)100%

Short-Term Rental

Yearly income
$23,003
Airbnb data$251/night · 50% occupancy
Rental income
$251/night · 50% occ.
$45,696
Running costs (20%)
Utilities, cleaning, maintenance
-$9,139
Income tax (10%)
Indonesian rental income tax
-$12,795
Property tax
Annual property tax
-$759
Net income
5.3% ROI
$23,003

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$433,696
IMT (transfer tax, investment schedule)$21,467
Imposto de Selo (stamp duty)$3,470
Notary & registration$1,359
Legal / due diligence$6,505
Total acquisition costs$32,801
RenovationMove-in ready
Furnishing & STR launch
2bd × $4,891 base + appliances, electronics, outdoor, licence, photography, linens.		$27,011
All-in investment$493,508

Gross yield (asking)

10.5%

True gross yield (all-in)

9.3%

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.

$2.6M$2.0M$1.3M$662K$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Paid back2x ReturnToday: $399K
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 16: rental income alone has repaid the full purchase price.
2x return
Year 10: total gains (capital + rental) have doubled your initial investment.
Year 5
Capital Value
$485K
+22%
Rental Income
+$112K
Total Position
$598K
+50%
8.4%/yr
Year 10
Capital Value
$591K
+48%
Rental Income
+$243K
Total Position
$833K
+109%
7.6%/yr
Year 20
Capital Value
$874K
+119%
Rental Income
+$569K
Total Position
$1.4M
+262%
6.6%/yr
Year 30
Capital Value
$1.3M
+224%
Rental Income
+$1.0M
Total Position
$2.3M
+477%
6.0%/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
Good
5.3% annual return
Occupancy
Average
50% average occupancy
Nightly Rate
Strong
$231 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

Premium nightly rate of $231 — 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
Occupancy at 50% — 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.
4.3%
$1,539/mo
40% occ.
5.7%
$2,073/mo
50% occ.
7.2%
$2,602/mo
current
60% occ.
8.7%
$3,136/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.