Terraced house in Rua do Casino, Centro de Carvoeiro, Lagoa e Carvoeiro
Terraced house in Rua do Casino, Centro de Carvoeiro, Lagoa e Carvoeiro — image 2Terraced house in Rua do Casino, Centro de Carvoeiro, Lagoa e Carvoeiro — image 3Terraced house in Rua do Casino, Centro de Carvoeiro, Lagoa e Carvoeiro — image 4Terraced house in Rua do Casino, Centro de Carvoeiro, Lagoa e Carvoeiro — image 5
Grade B+villabudget

Terraced house in Rua do Casino, Centro de Carvoeiro, Lagoa e Carvoeiro

Lagoa/Carvoeiro · Central Algarve ·

€795,000

Asking Price (EUR)

3.5%

True Net Yield (Owner, all-in)

2.4%

True Net Yield (Managed, all-in)

5.4%

True Gross Yield

54%

Occupancy

Projections — conservative (data maturing)

Our Airbnb calendar dataset started 1.6 months ago and is currently at 13% maturity. Yields shown apply a conservative calibration (realised-ADR factor 0.74, occupancy cap 66%) that auto-fades to full fidelity by April 2027.

Projected Gross Revenue: €52,765/yr
Average Daily Rate: €268
Payback Period: 18.5 years
5-yr Capital Value: €1.0M
10-yr Capital Value: €1.3M
Brixfox Score: 70.1 / 100
Comparable Properties: 21
Data Confidence: 91%
Search Radius: 2 km

True Investment Cost

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

€983,435

+23.7% over asking

Asking price€795,000
IMT — Property transfer tax (investment schedule)€47,700
IS — Stamp duty (0.8%)€6,360
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€11,925
Total acquisition costs€67,235
Renovation (est. €900/m² × 110 m²)
Substantial renovation — full bathrooms + kitchen, rewiring, plumbing, finishes.		€99,000
(€77,000–€121,000)
Furnishing & STR launch (3bd × €2500 base, budget tier)
Furniture, appliances, electronics, linens, AL licence setup, launch photography.		€22,200
All-in investment (incl. renovation & furnishing)€983,435

Gross yield (asking price)

6.6%

True gross yield (all-in)

5.4%

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: 1
Building: 110 m²
Land: 419 m²
Style: portuguese-traditional
Condition: needs-renovation
Year Built: NaN
Energy Certificate: In process
View

AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Design Features

traditional portuguese architecturesea view

Score Breakdown

ROI
16.1
Visual Appeal
9.4
Ownership Security
13
Location
10.56
Land & Space
10.7
Rental Demand
5.39
Payback Speed
2
STR Suitability
3

Description

The decision whether to renovate and expand the old traditional house in Carvoeiro or to demolish it and build 4-6 apartments depends on various factors. The house was built before 1951 and features five different rooms and a large garden ("Quintal"). From the roof, there is a fantastic sea view, and the location is ex

Location

📍 37.0967°N, 8.4731°W

· Lagoa/Carvoeiro, Algarve, Portugal

View on Algarvacation.com Lda. Mediação Imobiliária →Also on Idealista.pt
Idealista.pt
Lagoa/Carvoeiro / Central Algarve

Terraced house in Rua do Casino, Centro de Carvoeiro, Lagoa e Carvoeiro

Inventory
3 Beds
Bathrooms
1 Baths
Built Area
110 m²
Land Plot
419 m²
Tenure
Freehold
Yield Curve Status

Grade B+ investment — short-term rental yields 4.5% net return annually.

Go to Source via Idealista.pt

The Investment

Brixfox Score70
GradeB+
Brixfox Intelligence
70B+Strong
Score Breakdown
ROI & Yield77%
Capital Growth74%
Risk Profile72%
Market Demand70%

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
+10.0%
Per Year (5yr avg)
Annualized projected property value change based on historical area appreciation rates (5-year average).
Capital Growth
+5.5%
+$220K in 5yr (+28%)
Estimated monthly net income after deducting management fees, operating costs, and taxes.
ROI Nett Rental Income
4.5%
$3,238/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
22.2 yr
Rental only

Property details

Year built: NaN
Energy: In process
Condition: needs-renovation

Description

The decision whether to renovate and expand the old traditional house in Carvoeiro or to demolish it and build 4-6 apartments depends on various factors. The house was built before 1951 and features five different rooms and a large garden ("Quintal"). From the roof, there is a fantastic sea view, and the location is ex

Income Breakdown

Adjust Forecast

Customize your projections
Nightly Rate (ADR)
$395/night
50% ($182)Brixfox estimate($395/night)200% ($726)
Occupancy
54%
10%Brixfox estimate(54%)100%

Short-Term Rental

Yearly income
$38,856
Airbnb data$395/night · 54% occupancy
Rental income
$395/night · 54% occ.
$77,630
Running costs (20%)
Utilities, cleaning, maintenance
-$15,526
Income tax (10%)
Indonesian rental income tax
-$21,737
Property tax
Annual property tax
-$1,512
Net income
4.5% ROI
$38,856

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$864,130
IMT (transfer tax, investment schedule)$51,848
Imposto de Selo (stamp duty)$6,913
Notary & registration$1,359
Legal / due diligence$12,962
Total acquisition costs$73,082
Renovation (~$978/m²)
Substantial renovation — full bathrooms + kitchen, rewiring, plumbing, finishes.		$107,609
($83,696–$131,522)
Furnishing & STR launch
3bd × $2,717 base + appliances, electronics, outdoor, licence, photography, linens.		$21,957
All-in investment$1,066,777

Gross yield (asking)

9.0%

True gross yield (all-in)

7.3%

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.

$4.9M$3.7M$2.5M$1.2M$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Paid back2x ReturnToday: $795K
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 18: 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
$967K
+22%
Rental Income
+$190K
Total Position
$1.2M
+46%
7.8%/yr
Year 10
Capital Value
$1.2M
+48%
Rental Income
+$410K
Total Position
$1.6M
+100%
7.2%/yr
Year 20
Capital Value
$1.7M
+119%
Rental Income
+$961K
Total Position
$2.7M
+240%
6.3%/yr
Year 30
Capital Value
$2.6M
+224%
Rental Income
+$1.7M
Total Position
$4.3M
+438%
5.8%/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
Average
4.5% annual return
Occupancy
Average
54% average occupancy
Nightly Rate
Strong
$363 per night
Visual Appeal
Good
6/10 instagrammability
Size & Space
Good
419 m² land area
Zoning
Average
STR zoning not confirmed
Tenure
Strong
Freehold ownership

Top Highlights

Premium nightly rate of $363 — positioned in the top tier
Freehold ownership — maximum long-term security

Watch Out

Secondary location — rental demand may be lower than premium areas
Yield of 4.5% 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

34% occ.
3.8%
$2,721/mo
44% occ.
4.9%
$3,562/mo
54% occ.
6.1%
$4,402/mo
current
64% occ.
7.3%
$5,243/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.