House in Centro, Lagos Cidade, Lagos
Lagos · Western Algarve ·
€950,000
Asking Price (EUR)
6.3%
True Net Yield (Owner, all-in)
4.4%
True Net Yield (Managed, all-in)
9.7%
True Gross Yield
66%
Occupancy
Projections — conservative (data maturing)
Our Airbnb calendar dataset started 0.9 months ago and is currently at 7% maturity. Yields shown apply a conservative calibration (realised-ADR factor 0.72, occupancy cap 66%) that auto-fades to full fidelity by April 2027.
True Investment Cost
Portuguese transfer tax (IMT) + stamp duty (IS) + notary + registration + legal + renovation + full furnishing & STR launch setup.
€1.4M
+50.5% over asking
| Asking price | €950,000 |
| IMT — Property transfer tax (investment schedule) | €57,000 |
| IS — Stamp duty (0.8%) | €7,600 |
| Notary (escritura) | €1,000 |
| Property registry | €250 |
| Legal fees (~1.5%) | €14,250 |
| Total acquisition costs | €80,100 |
| Renovation (est. €900/m² × 408 m²) Substantial renovation — full bathrooms + kitchen, rewiring, plumbing, finishes. | €367,200 (€285,600–€448,800) |
| Furnishing & STR launch (6bd × €2500 base, budget tier) Furniture, appliances, electronics, linens, AL licence setup, launch photography. | €32,250 |
| All-in investment (incl. renovation & furnishing) | €1.4M |
Gross yield (asking price)
14.6%
True gross yield (all-in)
9.7%
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.
AL Licence Status Unconfirmed
AL licence status unconfirmed — verify before purchase
Design Features
Score Breakdown
Description
Located right in the historic center of Lagos, this 3-storey building could be the investment you were looking for. With a commercial space on the ground floor, once operated as a restaurant, and 2 T3 apartments, autonomous units, one per floor, this building has 2 fronts, one facing East and the other facing West. O
Location
📍 37.1023°N, 8.6732°W
· Lagos, Algarve, Portugal