T2 flat in Rua do Lusitano, Vila Real de Santo António
T2 flat in Rua do Lusitano, Vila Real de Santo António — image 2T2 flat in Rua do Lusitano, Vila Real de Santo António — image 3T2 flat in Rua do Lusitano, Vila Real de Santo António — image 4T2 flat in Rua do Lusitano, Vila Real de Santo António — image 5
Grade Bapartmentmid-rangeBuilding holds 6 AL licences

T2 flat in Rua do Lusitano, Vila Real de Santo António

VRSA/Monte Gordo · Eastern Algarve ·

€299,000

Asking Price (EUR)

Net yield — free account

True Net Yield (after-tax, all-in)

4.8%

True Gross Yield

45%

Occupancy

Projected Gross Revenue: €16,819/yr
Average Daily Rate: 103
+12.0% vs area baselineImage quality 6/10 (-3%), Portuguese-traditional style (+5%), Has pool (0%), Has view (+10%)
5-yr Capital Value: €346,623
10-yr Capital Value: €401,831
Brixfox Score: 73.8 / 100
Comparable Properties: 20
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.

€349,973

+17.0% over asking

Asking price€299,000
IMT — Property transfer tax (investment schedule)€11,536
IS — Stamp duty (0.8%)€2,392
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€4,485
Total acquisition costs€19,663
Renovation (est. €55/m² × 72)
Light touch-ups — paint, fixtures, deep clean.
€3,960
(€2,160€5,760)
Furnishing & STR launch (2bd × €4500 base, mid-range tier)
Furniture, appliances, electronics, linens, AL licence setup, launch photography.
€27,350
All-in investment (incl. renovation & furnishing)€349,973

Gross yield (asking price)

5.6%

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: 1
Building: 72
Style: portuguese-traditional
Condition: good
Year Built: 2015
Energy Certificate: C
Private Pool
View

Short-term rental is established in this building — 6 active AL licences registered at this address

Other units in the same building are registered for Alojamento Local in the official RNAL register, so STR demonstrably operates at this address. This unit’s own licence status is unconfirmed — the Algarve has no containment zones, so a new AL registration is normally obtainable, but confirm with the câmara municipal and check the condominium rules before counting on STR income.

Search the official RNT register →

Design Features

rooftop pooltraditional tiled roofs

Score Breakdown

ROI
13.04
Visual Appeal
8.8
Ownership Security
13
Location
8.4
Land & Space
3.44
Rental Demand
4.49
Payback Speed
2
STR Suitability
4

Description

Excellent 1+1 bedroom apartment on the 3rd floor, located in a modern building with two elevators, in a prime area. Fully equipped and with air conditioning, it is ready to move in. It has a functional layout, two parking spaces in a garage with automatic gate and a balcony with unobstructed views, ensuring excellent n

Location

📍 37.1926°N, 7.4268°W

Approximate location

· VRSA/Monte Gordo, Algarve, Portugal

Confirmed on the market yesterday.

2-bedroom freehold apartment in VRSA/Monte Gordo — photo 1 of 5
Legacy Group
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2-bedroom freehold apartment in VRSA/Monte Gordo — photo 2 of 5
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2-bedroom freehold apartment in VRSA/Monte Gordo — photo 4 of 5
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2-bedroom freehold apartment in VRSA/Monte Gordo — photo 5 of 5
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T2 flat in Rua do Lusitano, Vila Real de Santo António

VRSA/Monte Gordo · Eastern Algarve · Ref BF-13738Source · Legacy Group · listed 16 Apr 2026
Asking price
€299,000
Bedrooms
2
Bathrooms
1
Built area
72 m²
Brixfox Score 74 · BFinancial analysis ↓

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Short-term rental is established in this building — 6 active AL licences registered at this address

Other units in the same building are registered for Alojamento Local in the official RNAL register, so STR demonstrably operates at this address. This unit’s own licence status is unconfirmed — the Algarve has no containment zones, so a new AL registration is normally obtainable, but confirm with the câmara municipal and check the condominium rules before counting on STR income.

Search the official RNT register →

Property details

Year built: 2015
Energy: C
Condition: good
AL licence: Building has AL (6 licences)

Description

Excellent 1+1 bedroom apartment on the 3rd floor, located in a modern building with two elevators, in a prime area. Fully equipped and with air conditioning, it is ready to move in. It has a functional layout, two parking spaces in a garage with automatic gate and a balcony with unobstructed views, ensuring excellent n

Financial analysis
· Brixfox Standard · Non-resident · Fully managed
Fully managed is the Brixfox Standard shown on every card: a full-service manager whose commission includes the OTA/channel listing (not the cleaning cost — changeovers are funded by guest cleaning fees; you bear the residual). Self-managed drops the commission but pays the OTA host fee, staff/local operations and your own time directly. Both scenarios divide the SAME gross revenue — the toggle changes the cost stack, not the revenue. That revenue is observed from actively-operated comps, so self-managed assumes you match their performance.Both scenarios share the same projected revenue — the toggle changes who runs the property and what that costs, not what it earns.
Net yieldNet operating income ÷ all-in investment. After local operating taxes; before home-country personal tax and financing costs. Modelled from observed market performance of comparable Airbnb listings.
Gross yield · all-in basis
Before tax in your home country and financing costs. Estimates, not financial advice.

Revenue assumptions

Derived from the comparable Airbnb listings below. The headline ADR and revenue are the expected BOOKED figures — nearby asking prices corrected by our measured asking-to-booked factor (Portugal's calendar dataset is young, so this is a conservative estimate). Occupancy is the seasonality-adjusted full-year rate. The comp cards below show raw asking prices.
Expected ADR
€103
Expected booked rate (asking prices × measured booked factor)
Expected occupancy
45%
Full-year estimate, market-calibrated
Projected annual revenue
€16,819
ADR × occupancy × 365
Comp data observed in USD · converted at €0.88/$
Seasonal occupancy pattern
Peak Aug +50% · Low Dec -41%
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F
M
A
M
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Modelled monthly index (relative to the annual average) — replaced by measured per-market indices as calendar history matures.

Investment basis

The true all-in acquisition cost — asking price plus purchase costs, renovation and furnishing. Every yield on this page is computed against this total, not the asking price.
Adjust the figures to your deal — yields recalculate live.
Purchase price· asking
Acquisition costs· 6.6% of price, auto-calculated
€19,663
IMT (transfer tax, investment schedule)€11,536
Imposto de Selo (stamp duty)€2,392
Notary & registration€1,250
Legal fees€4,485
Renovation budget· Light touch-ups — paint, fixtures, deep clean.
Furniture & STR launch· default ≈ €13,675/bedroom
All-in investment
€349,973
+17.0% over asking
Fully managed scenarioSwitch the scenario with the toggle at the top of the financial analysis — it drives every figure in this section. Gross revenue is identical in both scenarios (the comps' observed performance); the Villa Scorecard and risk panels elsewhere on the page always quote the fully-managed Brixfox Standard.
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Total return estimate

OptionalNet yield plus an appreciation assumption you choose. Appreciation is a forward-looking assumption, not data — which is why it defaults to 0% and is kept out of the yield figures above.
Annual appreciation assumption0%
0%3.5% · VRSA/Monte Gordo 5-yr avg — historical, not a forecast8%
Indicative total return
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••% net yield + 0% appreciation
Appreciation assumptions are illustrative only. Past regional price growth does not predict future performance; local supply, regulation and currency moves can materially change outcomes. Not financial advice.

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Where it sits — and the comps around it

The Airbnb listings behind the market evidence above, on the map.

Location

VRSA/Monte Gordo

Eastern Algarve, Approximate area

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Apartment Scorecard

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Risks & What-If

What if occupancy changes?

Brixfox Standard · Non-resident · Fully managed · net yield on all-in cost

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Source · Legacy Group

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Data Sources & Methodology

ROI calculations use Brixfox Intelligence rental data from live Airbnb calendar tracking — the Algarve dataset has been live since March 2026, seasonality-adjusted to a full-year estimate with a conservative calibration while it matures. Operating costs are modelled per line (management, channel fees, cleaning, utilities, IMI, maintenance, insurance). After-tax yields deduct non-resident IRS on AL income under the simplified regime (~8.75% of gross); buyer-side IMT and stamp duty are included in the all-in cost basis. Market factors in Portugal may impact actual yields.