Duplex in Rua Primeiro de Maio, 18, Centro, Lagos Cidade, Lagos
Lagos · Western Algarve ·
€380,000
Asking Price (EUR)
6.4%
True Net Yield (Owner, all-in)
4.4%
True Net Yield (Managed, all-in)
9.8%
True Gross Yield
54%
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.
€608,420
+60.1% over asking
| Asking price | €380,000 |
| IMT — Property transfer tax (investment schedule) | €18,230 |
| IS — Stamp duty (0.8%) | €3,040 |
| Notary (escritura) | €1,000 |
| Property registry | €250 |
| Legal fees (~1.5%) | €5,700 |
| Total acquisition costs | €28,220 |
| Renovation (est. €900/m² × 200 m²) Substantial renovation — full bathrooms + kitchen, rewiring, plumbing, finishes. | €180,000 (€140,000–€220,000) |
| Furnishing & STR launch (3bd × €2500 base, budget tier) Furniture, appliances, electronics, linens, AL licence setup, launch photography. | €20,200 |
| All-in investment (incl. renovation & furnishing) | €608,420 |
Gross yield (asking price)
15.7%
True gross yield (all-in)
9.8%
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.
AL Licence Status Unconfirmed
AL licence status unconfirmed — verify before purchase
Design Features
Score Breakdown
Description
Mixed building with two units (restaurant with 122 sq m and two floor apartment of 192 sq m, with an inner courtyard and a balcony) to renovate, with a great location in the historic center of Lagos. Ground floor: 122m2 open-space restaurant (in operation until Dec 2024) 1st and 2nd floor: 192m2 duplex with interior
Location
📍 37.1018°N, 8.6741°W
· Lagos, Algarve, Portugal