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Terraced house in Travessa do Penhasco, Centro, Lagos
Terraced house in Travessa do Penhasco, Centro, Lagos — image 2Terraced house in Travessa do Penhasco, Centro, Lagos — image 3Terraced house in Travessa do Penhasco, Centro, Lagos — image 4Terraced house in Travessa do Penhasco, Centro, Lagos — image 5
Grade Avilla

Terraced house in Travessa do Penhasco, Centro, Lagos

Lagos · Western Algarve ·

€600,000

Asking Price (EUR)

9.3%

True Net Yield (Owner, all-in)

6.6%

True Net Yield (Managed, all-in)

11.5%

True Gross Yield

66%

Occupancy

Projections — conservative (data maturing)

Our Airbnb calendar dataset started 3.1 months ago and is currently at 26% maturity. Yields shown apply a conservative calibration (realised-ADR factor 0.78, occupancy cap 68%) that auto-fades to full fidelity by April 2027.

Projected Gross Revenue: €80,902/yr
Average Daily Rate: €336
Payback Period: 14.5 years
5-yr Capital Value: €695,564
10-yr Capital Value: €806,350
Brixfox Score: 75.7 / 100
Comparable Properties: 83
Data Confidence: 96%
Search Radius: 2 km

True Investment Cost

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

€702,280

+17.0% over asking

Asking price€600,000
IMT — Property transfer tax (investment schedule)€35,830
IS — Stamp duty (0.8%)€4,800
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€9,000
Total acquisition costs€50,880
Renovation (est. €200/m² × 96 m², from finish level)
Condition & finish level not reported — shown as a moderate contingency. Verify on site visit.		€19,200
(€9,600–€28,800)
Furnishing & STR launch (3bd × €4500 base, mid-range tier)
Furniture, appliances, electronics, linens, AL licence setup, launch photography.		€32,200
All-in investment (incl. renovation & furnishing)€702,280

Gross yield (asking price)

13.5%

True gross yield (all-in)

11.5%

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: 1
Building: 96 m²

AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Score Breakdown

ROI
22.76
Visual Appeal
10
Ownership Security
13
Location
10.44
Land & Space
3.92
Rental Demand
6.6
Payback Speed
5
STR Suitability
4

Description

Located on a quiet street in the enchanting historic town center of Lagos, this beautifully renovated 4-bedroom townhome offers the perfect blend of traditional charm and modern comfort. Thoughtfully updated, the property retains its authentic Portuguese character while boasting contemporary features such as double-gla

Location

📍 37.1020°N, 8.6752°W

· Lagos, Algarve, Portugal

Listed by Lagos Algarve Real Estate via Idealista.pt
3-bedroom freehold villa in Lagos — photo 1 of 5
Idealista.pt
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Terraced house in Travessa do Penhasco, Centro, Lagos

Lagos · Western Algarve · Ref BF-90960 Source verified · Idealista.pt · listed 1 Jul 2026
Asking price · Freehold
$652,174
Ownership
Freehold
Bedrooms
3
Bathrooms
1
Built area
96 m²
True net yield
6.9%
≈ $7,075/mo net after costs & tax
5-yr total return (net + appreciation)
13.9% / yr avg
Payback in ~15 yrs from rent
Brixfox Score 76 · A

What nearby Airbnbs actually earn

Brixfox tracks the live availability calendars of Airbnb listings around this property. The rates and occupancy below are observed from real bookings — this is the data behind every yield figure on this page.

Location

Lagos

Western Algarve, Approximate area

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Airbnb Comp Analysis

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Property details

Description

Located on a quiet street in the enchanting historic town center of Lagos, this beautifully renovated 4-bedroom townhome offers the perfect blend of traditional charm and modern comfort. Thoughtfully updated, the property retains its authentic Portuguese character while boasting contemporary features such as double-gla

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)
$470/night
50% ($235)Brixfox estimate($470/night)200% ($940)
Occupancy
66%
10%Brixfox estimate(66%)100%

Short-Term Rental

Indicative
Yearly income
$54,482
Likely range $32,689 – $76,275
Airbnb data$470/night · 66% occupancy
Rental income
$470/night · 66% occ.
$104,774
Running costs (20%)
Utilities, cleaning, maintenance
-$20,955
Income tax (28%)
Non-resident IRS (Cat. F)
-$29,337
Net income
8.4% ROI
$54,482

Investment Returns

After-tax net yield · all-in cost basis

Approx. location

Net Yield · Fully-Managed · After Tax

6.9%

on all-in cost of $743,674

Scenario
Pre-tax
After-tax
Owner-managed
11.4%
10.2%
Fully-managed
8.1%
6.9%
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

14.1%

Annual Revenue

$104,774

Income Tax / yr

$9,167

Payback

15 yrs

True All-In Cost
Asking price$652,174
IMT — transfer tax (non-resident 7.5%)$48,913
Stamp duty (0.8%)$5,217
Notary + registry$2,174
Legal$8,022
Furnishing + STR launch$27,174
All-in cost$743,674

Growth & Exit Strategy

How your investment grows over time

Freehold — 4%/yr appreciation in Lagos.

$5.0M$3.7M$2.5M$1.2M$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Paid back2x ReturnToday: $600K
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 11: rental income alone has repaid the full purchase price.
2x return
Year 8: total gains (capital + rental) have doubled your initial investment.
Year 5
Capital Value
$730K
+22%
Rental Income
+$266K
Total Position
$996K
+66%
10.7%/yr
Year 10
Capital Value
$888K
+48%
Rental Income
+$575K
Total Position
$1.5M
+144%
9.3%/yr
Year 20
Capital Value
$1.3M
+119%
Rental Income
+$1.3M
Total Position
$2.7M
+344%
7.7%/yr
Year 30
Capital Value
$1.9M
+224%
Rental Income
+$2.4M
Total Position
$4.3M
+622%
6.8%/yr
Turnkey Management

Your property, professionally managed

Buying from abroad? You won't lift a finger. A vetted local management partner is already connected to this listing — ready to run it as a short-stay rental from day one, so the Managed projections above are something you can actually rely on.

Vetted by Brixfox 8+ yrs operating 110+ properties managed ~2h guest response

Atlantic Stays Management

Vetted

Alojamento Local management, Lisbon to the Algarve

22%
Management fee
of rental revenue — already in your Managed figures

End-to-end AL management for international owners. We handle the licence, the platforms and the guests so your second home pays for itself.

What the fee covers

  • Listing setup & optimisation (Airbnb, Booking.com, VRBO)
  • Dynamic pricing & revenue management
  • 24/7 multilingual guest communication
  • Guided check-in / check-out & key handling
  • Professional cleaning, laundry & restocking
  • Maintenance & repairs coordination
  • Monthly owner statements & payouts
  • Guest screening & damage protection
  • Alojamento Local (AL) licence handling & renewals
  • SEF/AIMA guest registration & tourist-tax filing
Visit Atlantic Stays Management

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Villa Scorecard

Location
Average
Emerging or secondary location
Rental Yield
Strong
8.4% annual return
Occupancy
Good
66% average occupancy
Nightly Rate
Strong
$432 per night
Visual Appeal
Average
Not yet analyzed
Size & Space
Weak
0 m² land area
Zoning
Average
STR zoning not confirmed
Tenure
Strong
Freehold ownership

Top Highlights

High rental yield at 8.4% — outperforms most villas in this market
Premium nightly rate of $432 — positioned in the top tier
Freehold ownership — maximum long-term security

Watch Out

Secondary location — rental demand may be lower than premium areas
Visual appeal is below average — photos may not compete well on Airbnb listings

Consider carefully. Returns are below market average for this price point.

Risks & What-If

What if occupancy changes?

Owner Managed scenario

46% occ.
6.3%
$3,417/mo
56% occ.
7.7%
$4,160/mo
66% occ.
9.0%
$4,903/mo
current
76% occ.
10.4%
$5,646/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. Market factors in Portugal may impact actual yields.