EN · PT · PL

Case 04 / Porto

Casa do Cedofeita, Historic Townhouse Renovation

Four-storey granite townhouse in the Cedofeita district, 210 sqm, bought in 2023 at 420k in habitable but tired condition. Full structural and systems refit at 310k under the urban-rehabilitation IMI exemption scheme.

Configured as a split-stay property: ground floor and first floor as the primary two-bed residence for the owners four months a year, top two floors as a separate short-term rental unit with its own street entrance. Two AL licences issued under the 2024 framework.

  • Acquisition: 420,000
  • Refit: 310,000
  • IMI exemption: urban rehab, 3 years
  • Configuration: 2 units, split
  • STR unit nightly: 180 to 290
  • STR occupancy: 78%
  • Owner use: 4 months

Your Property, Next

Every case on this page began with a first conversation. Yours can, too.

Begin the Search

Case 04 / Porto

Casa do Cedofeita, Historic Townhouse Renovation

Four-storey granite townhouse in the Cedofeita district, 210 sqm, bought in 2023 at 420k in habitable but tired condition. Full structural and systems refit at 310k under the urban-rehabilitation IMI exemption scheme.

Configured as a split-stay property: ground floor and first floor as the primary two-bed residence for the owners four months a year, top two floors as a separate short-term rental unit with its own street entrance. Two AL licences issued under the 2024 framework.

  • Acquisition: 420,000
  • Refit: 310,000
  • IMI exemption: urban rehab, 3 years
  • Configuration: 2 units, split
  • STR unit nightly: 180 to 290
  • STR occupancy: 78%
  • Owner use: 4 months

Your Property, Next

Every case on this page began with a first conversation. Yours can, too.

Begin the Search

Case 03 / Costa da Caparica

A Casa das Ondas, Beachhouse for Surf Season

Three-bedroom beachhouse in Fonte da Telha, 180 metres from the sand. Bought as a shell in 2020 at 310k, rebuilt with a surf-family brief in mind: outdoor rinse, board storage, heated flooring, flexible bunk-room for four kids. Refit 165k.

Seasonal rental from March to November targeting surf visitors, with 40 percent of bookings direct-from-repeat-guest. The lower season (December to February) is retained for owner use and occasional friend stays.

  • Acquisition: 310,000
  • Refit: 165,000
  • Nightly rate: 220 to 420 eur
  • Occupancy: 65% in rental window
  • Annual gross rental: 48,300
  • Repeat-guest share: 40%
  • Owner use: winter months

Case 04 / Porto

Casa do Cedofeita, Historic Townhouse Renovation

Four-storey granite townhouse in the Cedofeita district, 210 sqm, bought in 2023 at 420k in habitable but tired condition. Full structural and systems refit at 310k under the urban-rehabilitation IMI exemption scheme.

Configured as a split-stay property: ground floor and first floor as the primary two-bed residence for the owners four months a year, top two floors as a separate short-term rental unit with its own street entrance. Two AL licences issued under the 2024 framework.

  • Acquisition: 420,000
  • Refit: 310,000
  • IMI exemption: urban rehab, 3 years
  • Configuration: 2 units, split
  • STR unit nightly: 180 to 290
  • STR occupancy: 78%
  • Owner use: 4 months

Your Property, Next

Every case on this page began with a first conversation. Yours can, too.

Begin the Search

Case 02 / Lisbon

Apartamento Chiado, Executive Long-Let

Two-bedroom, 95 sqm, fourth floor with elevator in a restored pombalino building two minutes from Largo do Carmo. Acquired in 2021 at 540k, full interior refresh at 78k, positioned as a long-let for the executive relocation market rather than the short-term rental circuit.

Current tenant on a second three-year term. Zero voids since acquisition. This is the boring, compounding version of Portuguese real estate, and it is a significant portion of our managed portfolio.

  • Acquisition: 540,000
  • Refit: 78,000
  • Monthly rent: 2,400
  • Tenant profile: executive relocation
  • Lease term: 3 years, renewed
  • Voids since 2021: zero
  • Annual indexation: applied on schedule

Case 03 / Costa da Caparica

A Casa das Ondas, Beachhouse for Surf Season

Three-bedroom beachhouse in Fonte da Telha, 180 metres from the sand. Bought as a shell in 2020 at 310k, rebuilt with a surf-family brief in mind: outdoor rinse, board storage, heated flooring, flexible bunk-room for four kids. Refit 165k.

Seasonal rental from March to November targeting surf visitors, with 40 percent of bookings direct-from-repeat-guest. The lower season (December to February) is retained for owner use and occasional friend stays.

  • Acquisition: 310,000
  • Refit: 165,000
  • Nightly rate: 220 to 420 eur
  • Occupancy: 65% in rental window
  • Annual gross rental: 48,300
  • Repeat-guest share: 40%
  • Owner use: winter months

Case 04 / Porto

Casa do Cedofeita, Historic Townhouse Renovation

Four-storey granite townhouse in the Cedofeita district, 210 sqm, bought in 2023 at 420k in habitable but tired condition. Full structural and systems refit at 310k under the urban-rehabilitation IMI exemption scheme.

Configured as a split-stay property: ground floor and first floor as the primary two-bed residence for the owners four months a year, top two floors as a separate short-term rental unit with its own street entrance. Two AL licences issued under the 2024 framework.

  • Acquisition: 420,000
  • Refit: 310,000
  • IMI exemption: urban rehab, 3 years
  • Configuration: 2 units, split
  • STR unit nightly: 180 to 290
  • STR occupancy: 78%
  • Owner use: 4 months

Your Property, Next

Every case on this page began with a first conversation. Yours can, too.

Begin the Search

Case 01 / Algarve

Casa da Encosta, Lagos Hillside Villa

Three bedrooms, two bathrooms, 160 sqm under roof on a 900 sqm plot with private pool and unobstructed ocean view toward Meia Praia. Sourced for a Scandinavian family in 2022 at 685k, renovated over four months with a 220k refit focused on outdoor living and a proper open kitchen.

Positioned as a premium seasonal rental from May to October, held by the family for ten weeks a year across Easter, summer and Christmas. The economic model reflects a realistic blend of owner-use and yield.

  • Acquisition: 685,000
  • Refit: 220,000
  • Nightly rate: 680 to 1,450 eur
  • Occupancy: 72% in rental window
  • Annual gross rental: 94,500
  • Owner use: 10 weeks
  • AL licence: issued 2022

Case 02 / Lisbon

Apartamento Chiado, Executive Long-Let

Two-bedroom, 95 sqm, fourth floor with elevator in a restored pombalino building two minutes from Largo do Carmo. Acquired in 2021 at 540k, full interior refresh at 78k, positioned as a long-let for the executive relocation market rather than the short-term rental circuit.

Current tenant on a second three-year term. Zero voids since acquisition. This is the boring, compounding version of Portuguese real estate, and it is a significant portion of our managed portfolio.

  • Acquisition: 540,000
  • Refit: 78,000
  • Monthly rent: 2,400
  • Tenant profile: executive relocation
  • Lease term: 3 years, renewed
  • Voids since 2021: zero
  • Annual indexation: applied on schedule

Case 03 / Costa da Caparica

A Casa das Ondas, Beachhouse for Surf Season

Three-bedroom beachhouse in Fonte da Telha, 180 metres from the sand. Bought as a shell in 2020 at 310k, rebuilt with a surf-family brief in mind: outdoor rinse, board storage, heated flooring, flexible bunk-room for four kids. Refit 165k.

Seasonal rental from March to November targeting surf visitors, with 40 percent of bookings direct-from-repeat-guest. The lower season (December to February) is retained for owner use and occasional friend stays.

  • Acquisition: 310,000
  • Refit: 165,000
  • Nightly rate: 220 to 420 eur
  • Occupancy: 65% in rental window
  • Annual gross rental: 48,300
  • Repeat-guest share: 40%
  • Owner use: winter months

Case 04 / Porto

Casa do Cedofeita, Historic Townhouse Renovation

Four-storey granite townhouse in the Cedofeita district, 210 sqm, bought in 2023 at 420k in habitable but tired condition. Full structural and systems refit at 310k under the urban-rehabilitation IMI exemption scheme.

Configured as a split-stay property: ground floor and first floor as the primary two-bed residence for the owners four months a year, top two floors as a separate short-term rental unit with its own street entrance. Two AL licences issued under the 2024 framework.

  • Acquisition: 420,000
  • Refit: 310,000
  • IMI exemption: urban rehab, 3 years
  • Configuration: 2 units, split
  • STR unit nightly: 180 to 290
  • STR occupancy: 78%
  • Owner use: 4 months

Your Property, Next

Every case on this page began with a first conversation. Yours can, too.

Begin the Search

Case 03 / Costa da Caparica

A Casa das Ondas, Beachhouse for Surf Season

Three-bedroom beachhouse in Fonte da Telha, 180 metres from the sand. Bought as a shell in 2020 at 310k, rebuilt with a surf-family brief in mind: outdoor rinse, board storage, heated flooring, flexible bunk-room for four kids. Refit 165k.

Seasonal rental from March to November targeting surf visitors, with 40 percent of bookings direct-from-repeat-guest. The lower season (December to February) is retained for owner use and occasional friend stays.

  • Acquisition: 310,000
  • Refit: 165,000
  • Nightly rate: 220 to 420 eur
  • Occupancy: 65% in rental window
  • Annual gross rental: 48,300
  • Repeat-guest share: 40%
  • Owner use: winter months

Case 04 / Porto

Casa do Cedofeita, Historic Townhouse Renovation

Four-storey granite townhouse in the Cedofeita district, 210 sqm, bought in 2023 at 420k in habitable but tired condition. Full structural and systems refit at 310k under the urban-rehabilitation IMI exemption scheme.

Configured as a split-stay property: ground floor and first floor as the primary two-bed residence for the owners four months a year, top two floors as a separate short-term rental unit with its own street entrance. Two AL licences issued under the 2024 framework.

  • Acquisition: 420,000
  • Refit: 310,000
  • IMI exemption: urban rehab, 3 years
  • Configuration: 2 units, split
  • STR unit nightly: 180 to 290
  • STR occupancy: 78%
  • Owner use: 4 months

Your Property, Next

Every case on this page began with a first conversation. Yours can, too.

Begin the Search

Case Studies

Selected Properties Under Our Care

Anonymised with the owners’ consent. The numbers are real.

Case 01 / Algarve

Casa da Encosta, Lagos Hillside Villa

Three bedrooms, two bathrooms, 160 sqm under roof on a 900 sqm plot with private pool and unobstructed ocean view toward Meia Praia. Sourced for a Scandinavian family in 2022 at 685k, renovated over four months with a 220k refit focused on outdoor living and a proper open kitchen.

Positioned as a premium seasonal rental from May to October, held by the family for ten weeks a year across Easter, summer and Christmas. The economic model reflects a realistic blend of owner-use and yield.

  • Acquisition: 685,000
  • Refit: 220,000
  • Nightly rate: 680 to 1,450 eur
  • Occupancy: 72% in rental window
  • Annual gross rental: 94,500
  • Owner use: 10 weeks
  • AL licence: issued 2022

Case 02 / Lisbon

Apartamento Chiado, Executive Long-Let

Two-bedroom, 95 sqm, fourth floor with elevator in a restored pombalino building two minutes from Largo do Carmo. Acquired in 2021 at 540k, full interior refresh at 78k, positioned as a long-let for the executive relocation market rather than the short-term rental circuit.

Current tenant on a second three-year term. Zero voids since acquisition. This is the boring, compounding version of Portuguese real estate, and it is a significant portion of our managed portfolio.

  • Acquisition: 540,000
  • Refit: 78,000
  • Monthly rent: 2,400
  • Tenant profile: executive relocation
  • Lease term: 3 years, renewed
  • Voids since 2021: zero
  • Annual indexation: applied on schedule

Case 03 / Costa da Caparica

A Casa das Ondas, Beachhouse for Surf Season

Three-bedroom beachhouse in Fonte da Telha, 180 metres from the sand. Bought as a shell in 2020 at 310k, rebuilt with a surf-family brief in mind: outdoor rinse, board storage, heated flooring, flexible bunk-room for four kids. Refit 165k.

Seasonal rental from March to November targeting surf visitors, with 40 percent of bookings direct-from-repeat-guest. The lower season (December to February) is retained for owner use and occasional friend stays.

  • Acquisition: 310,000
  • Refit: 165,000
  • Nightly rate: 220 to 420 eur
  • Occupancy: 65% in rental window
  • Annual gross rental: 48,300
  • Repeat-guest share: 40%
  • Owner use: winter months

Case 04 / Porto

Casa do Cedofeita, Historic Townhouse Renovation

Four-storey granite townhouse in the Cedofeita district, 210 sqm, bought in 2023 at 420k in habitable but tired condition. Full structural and systems refit at 310k under the urban-rehabilitation IMI exemption scheme.

Configured as a split-stay property: ground floor and first floor as the primary two-bed residence for the owners four months a year, top two floors as a separate short-term rental unit with its own street entrance. Two AL licences issued under the 2024 framework.

  • Acquisition: 420,000
  • Refit: 310,000
  • IMI exemption: urban rehab, 3 years
  • Configuration: 2 units, split
  • STR unit nightly: 180 to 290
  • STR occupancy: 78%
  • Owner use: 4 months

Your Property, Next

Every case on this page began with a first conversation. Yours can, too.

Begin the Search

Case 02 / Lisbon

Apartamento Chiado, Executive Long-Let

Two-bedroom, 95 sqm, fourth floor with elevator in a restored pombalino building two minutes from Largo do Carmo. Acquired in 2021 at 540k, full interior refresh at 78k, positioned as a long-let for the executive relocation market rather than the short-term rental circuit.

Current tenant on a second three-year term. Zero voids since acquisition. This is the boring, compounding version of Portuguese real estate, and it is a significant portion of our managed portfolio.

  • Acquisition: 540,000
  • Refit: 78,000
  • Monthly rent: 2,400
  • Tenant profile: executive relocation
  • Lease term: 3 years, renewed
  • Voids since 2021: zero
  • Annual indexation: applied on schedule

Case 03 / Costa da Caparica

A Casa das Ondas, Beachhouse for Surf Season

Three-bedroom beachhouse in Fonte da Telha, 180 metres from the sand. Bought as a shell in 2020 at 310k, rebuilt with a surf-family brief in mind: outdoor rinse, board storage, heated flooring, flexible bunk-room for four kids. Refit 165k.

Seasonal rental from March to November targeting surf visitors, with 40 percent of bookings direct-from-repeat-guest. The lower season (December to February) is retained for owner use and occasional friend stays.

  • Acquisition: 310,000
  • Refit: 165,000
  • Nightly rate: 220 to 420 eur
  • Occupancy: 65% in rental window
  • Annual gross rental: 48,300
  • Repeat-guest share: 40%
  • Owner use: winter months

Case 04 / Porto

Casa do Cedofeita, Historic Townhouse Renovation

Four-storey granite townhouse in the Cedofeita district, 210 sqm, bought in 2023 at 420k in habitable but tired condition. Full structural and systems refit at 310k under the urban-rehabilitation IMI exemption scheme.

Configured as a split-stay property: ground floor and first floor as the primary two-bed residence for the owners four months a year, top two floors as a separate short-term rental unit with its own street entrance. Two AL licences issued under the 2024 framework.

  • Acquisition: 420,000
  • Refit: 310,000
  • IMI exemption: urban rehab, 3 years
  • Configuration: 2 units, split
  • STR unit nightly: 180 to 290
  • STR occupancy: 78%
  • Owner use: 4 months

Your Property, Next

Every case on this page began with a first conversation. Yours can, too.

Begin the Search

Case Studies

Selected Properties Under Our Care

Anonymised with the owners’ consent. The numbers are real.

Case 01 / Algarve

Casa da Encosta, Lagos Hillside Villa

Three bedrooms, two bathrooms, 160 sqm under roof on a 900 sqm plot with private pool and unobstructed ocean view toward Meia Praia. Sourced for a Scandinavian family in 2022 at 685k, renovated over four months with a 220k refit focused on outdoor living and a proper open kitchen.

Positioned as a premium seasonal rental from May to October, held by the family for ten weeks a year across Easter, summer and Christmas. The economic model reflects a realistic blend of owner-use and yield.

  • Acquisition: 685,000
  • Refit: 220,000
  • Nightly rate: 680 to 1,450 eur
  • Occupancy: 72% in rental window
  • Annual gross rental: 94,500
  • Owner use: 10 weeks
  • AL licence: issued 2022

Case 02 / Lisbon

Apartamento Chiado, Executive Long-Let

Two-bedroom, 95 sqm, fourth floor with elevator in a restored pombalino building two minutes from Largo do Carmo. Acquired in 2021 at 540k, full interior refresh at 78k, positioned as a long-let for the executive relocation market rather than the short-term rental circuit.

Current tenant on a second three-year term. Zero voids since acquisition. This is the boring, compounding version of Portuguese real estate, and it is a significant portion of our managed portfolio.

  • Acquisition: 540,000
  • Refit: 78,000
  • Monthly rent: 2,400
  • Tenant profile: executive relocation
  • Lease term: 3 years, renewed
  • Voids since 2021: zero
  • Annual indexation: applied on schedule

Case 03 / Costa da Caparica

A Casa das Ondas, Beachhouse for Surf Season

Three-bedroom beachhouse in Fonte da Telha, 180 metres from the sand. Bought as a shell in 2020 at 310k, rebuilt with a surf-family brief in mind: outdoor rinse, board storage, heated flooring, flexible bunk-room for four kids. Refit 165k.

Seasonal rental from March to November targeting surf visitors, with 40 percent of bookings direct-from-repeat-guest. The lower season (December to February) is retained for owner use and occasional friend stays.

  • Acquisition: 310,000
  • Refit: 165,000
  • Nightly rate: 220 to 420 eur
  • Occupancy: 65% in rental window
  • Annual gross rental: 48,300
  • Repeat-guest share: 40%
  • Owner use: winter months

Case 04 / Porto

Casa do Cedofeita, Historic Townhouse Renovation

Four-storey granite townhouse in the Cedofeita district, 210 sqm, bought in 2023 at 420k in habitable but tired condition. Full structural and systems refit at 310k under the urban-rehabilitation IMI exemption scheme.

Configured as a split-stay property: ground floor and first floor as the primary two-bed residence for the owners four months a year, top two floors as a separate short-term rental unit with its own street entrance. Two AL licences issued under the 2024 framework.

  • Acquisition: 420,000
  • Refit: 310,000
  • IMI exemption: urban rehab, 3 years
  • Configuration: 2 units, split
  • STR unit nightly: 180 to 290
  • STR occupancy: 78%
  • Owner use: 4 months

Your Property, Next

Every case on this page began with a first conversation. Yours can, too.

Begin the Search

Case 01 / Algarve

Casa da Encosta, Lagos Hillside Villa

Three bedrooms, two bathrooms, 160 sqm under roof on a 900 sqm plot with private pool and unobstructed ocean view toward Meia Praia. Sourced for a Scandinavian family in 2022 at 685k, renovated over four months with a 220k refit focused on outdoor living and a proper open kitchen.

Positioned as a premium seasonal rental from May to October, held by the family for ten weeks a year across Easter, summer and Christmas. The economic model reflects a realistic blend of owner-use and yield.

  • Acquisition: 685,000
  • Refit: 220,000
  • Nightly rate: 680 to 1,450 eur
  • Occupancy: 72% in rental window
  • Annual gross rental: 94,500
  • Owner use: 10 weeks
  • AL licence: issued 2022

Case 02 / Lisbon

Apartamento Chiado, Executive Long-Let

Two-bedroom, 95 sqm, fourth floor with elevator in a restored pombalino building two minutes from Largo do Carmo. Acquired in 2021 at 540k, full interior refresh at 78k, positioned as a long-let for the executive relocation market rather than the short-term rental circuit.

Current tenant on a second three-year term. Zero voids since acquisition. This is the boring, compounding version of Portuguese real estate, and it is a significant portion of our managed portfolio.

  • Acquisition: 540,000
  • Refit: 78,000
  • Monthly rent: 2,400
  • Tenant profile: executive relocation
  • Lease term: 3 years, renewed
  • Voids since 2021: zero
  • Annual indexation: applied on schedule

Case 03 / Costa da Caparica

A Casa das Ondas, Beachhouse for Surf Season

Three-bedroom beachhouse in Fonte da Telha, 180 metres from the sand. Bought as a shell in 2020 at 310k, rebuilt with a surf-family brief in mind: outdoor rinse, board storage, heated flooring, flexible bunk-room for four kids. Refit 165k.

Seasonal rental from March to November targeting surf visitors, with 40 percent of bookings direct-from-repeat-guest. The lower season (December to February) is retained for owner use and occasional friend stays.

  • Acquisition: 310,000
  • Refit: 165,000
  • Nightly rate: 220 to 420 eur
  • Occupancy: 65% in rental window
  • Annual gross rental: 48,300
  • Repeat-guest share: 40%
  • Owner use: winter months

Case 04 / Porto

Casa do Cedofeita, Historic Townhouse Renovation

Four-storey granite townhouse in the Cedofeita district, 210 sqm, bought in 2023 at 420k in habitable but tired condition. Full structural and systems refit at 310k under the urban-rehabilitation IMI exemption scheme.

Configured as a split-stay property: ground floor and first floor as the primary two-bed residence for the owners four months a year, top two floors as a separate short-term rental unit with its own street entrance. Two AL licences issued under the 2024 framework.

  • Acquisition: 420,000
  • Refit: 310,000
  • IMI exemption: urban rehab, 3 years
  • Configuration: 2 units, split
  • STR unit nightly: 180 to 290
  • STR occupancy: 78%
  • Owner use: 4 months

Your Property, Next

Every case on this page began with a first conversation. Yours can, too.

Begin the Search

Case Studies

Selected Properties Under Our Care

Anonymised with the owners’ consent. The numbers are real.

Case 01 / Algarve

Casa da Encosta, Lagos Hillside Villa

Three bedrooms, two bathrooms, 160 sqm under roof on a 900 sqm plot with private pool and unobstructed ocean view toward Meia Praia. Sourced for a Scandinavian family in 2022 at 685k, renovated over four months with a 220k refit focused on outdoor living and a proper open kitchen.

Positioned as a premium seasonal rental from May to October, held by the family for ten weeks a year across Easter, summer and Christmas. The economic model reflects a realistic blend of owner-use and yield.

  • Acquisition: 685,000
  • Refit: 220,000
  • Nightly rate: 680 to 1,450 eur
  • Occupancy: 72% in rental window
  • Annual gross rental: 94,500
  • Owner use: 10 weeks
  • AL licence: issued 2022

Case 02 / Lisbon

Apartamento Chiado, Executive Long-Let

Two-bedroom, 95 sqm, fourth floor with elevator in a restored pombalino building two minutes from Largo do Carmo. Acquired in 2021 at 540k, full interior refresh at 78k, positioned as a long-let for the executive relocation market rather than the short-term rental circuit.

Current tenant on a second three-year term. Zero voids since acquisition. This is the boring, compounding version of Portuguese real estate, and it is a significant portion of our managed portfolio.

  • Acquisition: 540,000
  • Refit: 78,000
  • Monthly rent: 2,400
  • Tenant profile: executive relocation
  • Lease term: 3 years, renewed
  • Voids since 2021: zero
  • Annual indexation: applied on schedule

Case 03 / Costa da Caparica

A Casa das Ondas, Beachhouse for Surf Season

Three-bedroom beachhouse in Fonte da Telha, 180 metres from the sand. Bought as a shell in 2020 at 310k, rebuilt with a surf-family brief in mind: outdoor rinse, board storage, heated flooring, flexible bunk-room for four kids. Refit 165k.

Seasonal rental from March to November targeting surf visitors, with 40 percent of bookings direct-from-repeat-guest. The lower season (December to February) is retained for owner use and occasional friend stays.

  • Acquisition: 310,000
  • Refit: 165,000
  • Nightly rate: 220 to 420 eur
  • Occupancy: 65% in rental window
  • Annual gross rental: 48,300
  • Repeat-guest share: 40%
  • Owner use: winter months

Case 04 / Porto

Casa do Cedofeita, Historic Townhouse Renovation

Four-storey granite townhouse in the Cedofeita district, 210 sqm, bought in 2023 at 420k in habitable but tired condition. Full structural and systems refit at 310k under the urban-rehabilitation IMI exemption scheme.

Configured as a split-stay property: ground floor and first floor as the primary two-bed residence for the owners four months a year, top two floors as a separate short-term rental unit with its own street entrance. Two AL licences issued under the 2024 framework.

  • Acquisition: 420,000
  • Refit: 310,000
  • IMI exemption: urban rehab, 3 years
  • Configuration: 2 units, split
  • STR unit nightly: 180 to 290
  • STR occupancy: 78%
  • Owner use: 4 months

Your Property, Next

Every case on this page began with a first conversation. Yours can, too.

Begin the Search

Case 03 / Costa da Caparica

A Casa das Ondas, Beachhouse for Surf Season

Three-bedroom beachhouse in Fonte da Telha, 180 metres from the sand. Bought as a shell in 2020 at 310k, rebuilt with a surf-family brief in mind: outdoor rinse, board storage, heated flooring, flexible bunk-room for four kids. Refit 165k.

Seasonal rental from March to November targeting surf visitors, with 40 percent of bookings direct-from-repeat-guest. The lower season (December to February) is retained for owner use and occasional friend stays.

  • Acquisition: 310,000
  • Refit: 165,000
  • Nightly rate: 220 to 420 eur
  • Occupancy: 65% in rental window
  • Annual gross rental: 48,300
  • Repeat-guest share: 40%
  • Owner use: winter months

Case 04 / Porto

Casa do Cedofeita, Historic Townhouse Renovation

Four-storey granite townhouse in the Cedofeita district, 210 sqm, bought in 2023 at 420k in habitable but tired condition. Full structural and systems refit at 310k under the urban-rehabilitation IMI exemption scheme.

Configured as a split-stay property: ground floor and first floor as the primary two-bed residence for the owners four months a year, top two floors as a separate short-term rental unit with its own street entrance. Two AL licences issued under the 2024 framework.

  • Acquisition: 420,000
  • Refit: 310,000
  • IMI exemption: urban rehab, 3 years
  • Configuration: 2 units, split
  • STR unit nightly: 180 to 290
  • STR occupancy: 78%
  • Owner use: 4 months

Your Property, Next

Every case on this page began with a first conversation. Yours can, too.

Begin the Search

Case 01 / Algarve

Casa da Encosta, Lagos Hillside Villa

Three bedrooms, two bathrooms, 160 sqm under roof on a 900 sqm plot with private pool and unobstructed ocean view toward Meia Praia. Sourced for a Scandinavian family in 2022 at 685k, renovated over four months with a 220k refit focused on outdoor living and a proper open kitchen.

Positioned as a premium seasonal rental from May to October, held by the family for ten weeks a year across Easter, summer and Christmas. The economic model reflects a realistic blend of owner-use and yield.

  • Acquisition: 685,000
  • Refit: 220,000
  • Nightly rate: 680 to 1,450 eur
  • Occupancy: 72% in rental window
  • Annual gross rental: 94,500
  • Owner use: 10 weeks
  • AL licence: issued 2022

Case 02 / Lisbon

Apartamento Chiado, Executive Long-Let

Two-bedroom, 95 sqm, fourth floor with elevator in a restored pombalino building two minutes from Largo do Carmo. Acquired in 2021 at 540k, full interior refresh at 78k, positioned as a long-let for the executive relocation market rather than the short-term rental circuit.

Current tenant on a second three-year term. Zero voids since acquisition. This is the boring, compounding version of Portuguese real estate, and it is a significant portion of our managed portfolio.

  • Acquisition: 540,000
  • Refit: 78,000
  • Monthly rent: 2,400
  • Tenant profile: executive relocation
  • Lease term: 3 years, renewed
  • Voids since 2021: zero
  • Annual indexation: applied on schedule

Case 03 / Costa da Caparica

A Casa das Ondas, Beachhouse for Surf Season

Three-bedroom beachhouse in Fonte da Telha, 180 metres from the sand. Bought as a shell in 2020 at 310k, rebuilt with a surf-family brief in mind: outdoor rinse, board storage, heated flooring, flexible bunk-room for four kids. Refit 165k.

Seasonal rental from March to November targeting surf visitors, with 40 percent of bookings direct-from-repeat-guest. The lower season (December to February) is retained for owner use and occasional friend stays.

  • Acquisition: 310,000
  • Refit: 165,000
  • Nightly rate: 220 to 420 eur
  • Occupancy: 65% in rental window
  • Annual gross rental: 48,300
  • Repeat-guest share: 40%
  • Owner use: winter months

Case 04 / Porto

Casa do Cedofeita, Historic Townhouse Renovation

Four-storey granite townhouse in the Cedofeita district, 210 sqm, bought in 2023 at 420k in habitable but tired condition. Full structural and systems refit at 310k under the urban-rehabilitation IMI exemption scheme.

Configured as a split-stay property: ground floor and first floor as the primary two-bed residence for the owners four months a year, top two floors as a separate short-term rental unit with its own street entrance. Two AL licences issued under the 2024 framework.

  • Acquisition: 420,000
  • Refit: 310,000
  • IMI exemption: urban rehab, 3 years
  • Configuration: 2 units, split
  • STR unit nightly: 180 to 290
  • STR occupancy: 78%
  • Owner use: 4 months

Your Property, Next

Every case on this page began with a first conversation. Yours can, too.

Begin the Search

Case Studies

Selected Properties Under Our Care

Anonymised with the owners’ consent. The numbers are real.

Case 01 / Algarve

Casa da Encosta, Lagos Hillside Villa

Three bedrooms, two bathrooms, 160 sqm under roof on a 900 sqm plot with private pool and unobstructed ocean view toward Meia Praia. Sourced for a Scandinavian family in 2022 at 685k, renovated over four months with a 220k refit focused on outdoor living and a proper open kitchen.

Positioned as a premium seasonal rental from May to October, held by the family for ten weeks a year across Easter, summer and Christmas. The economic model reflects a realistic blend of owner-use and yield.

  • Acquisition: 685,000
  • Refit: 220,000
  • Nightly rate: 680 to 1,450 eur
  • Occupancy: 72% in rental window
  • Annual gross rental: 94,500
  • Owner use: 10 weeks
  • AL licence: issued 2022

Case 02 / Lisbon

Apartamento Chiado, Executive Long-Let

Two-bedroom, 95 sqm, fourth floor with elevator in a restored pombalino building two minutes from Largo do Carmo. Acquired in 2021 at 540k, full interior refresh at 78k, positioned as a long-let for the executive relocation market rather than the short-term rental circuit.

Current tenant on a second three-year term. Zero voids since acquisition. This is the boring, compounding version of Portuguese real estate, and it is a significant portion of our managed portfolio.

  • Acquisition: 540,000
  • Refit: 78,000
  • Monthly rent: 2,400
  • Tenant profile: executive relocation
  • Lease term: 3 years, renewed
  • Voids since 2021: zero
  • Annual indexation: applied on schedule

Case 03 / Costa da Caparica

A Casa das Ondas, Beachhouse for Surf Season

Three-bedroom beachhouse in Fonte da Telha, 180 metres from the sand. Bought as a shell in 2020 at 310k, rebuilt with a surf-family brief in mind: outdoor rinse, board storage, heated flooring, flexible bunk-room for four kids. Refit 165k.

Seasonal rental from March to November targeting surf visitors, with 40 percent of bookings direct-from-repeat-guest. The lower season (December to February) is retained for owner use and occasional friend stays.

  • Acquisition: 310,000
  • Refit: 165,000
  • Nightly rate: 220 to 420 eur
  • Occupancy: 65% in rental window
  • Annual gross rental: 48,300
  • Repeat-guest share: 40%
  • Owner use: winter months

Case 04 / Porto

Casa do Cedofeita, Historic Townhouse Renovation

Four-storey granite townhouse in the Cedofeita district, 210 sqm, bought in 2023 at 420k in habitable but tired condition. Full structural and systems refit at 310k under the urban-rehabilitation IMI exemption scheme.

Configured as a split-stay property: ground floor and first floor as the primary two-bed residence for the owners four months a year, top two floors as a separate short-term rental unit with its own street entrance. Two AL licences issued under the 2024 framework.

  • Acquisition: 420,000
  • Refit: 310,000
  • IMI exemption: urban rehab, 3 years
  • Configuration: 2 units, split
  • STR unit nightly: 180 to 290
  • STR occupancy: 78%
  • Owner use: 4 months

Your Property, Next

Every case on this page began with a first conversation. Yours can, too.

Begin the Search

Case 02 / Lisbon

Apartamento Chiado, Executive Long-Let

Two-bedroom, 95 sqm, fourth floor with elevator in a restored pombalino building two minutes from Largo do Carmo. Acquired in 2021 at 540k, full interior refresh at 78k, positioned as a long-let for the executive relocation market rather than the short-term rental circuit.

Current tenant on a second three-year term. Zero voids since acquisition. This is the boring, compounding version of Portuguese real estate, and it is a significant portion of our managed portfolio.

  • Acquisition: 540,000
  • Refit: 78,000
  • Monthly rent: 2,400
  • Tenant profile: executive relocation
  • Lease term: 3 years, renewed
  • Voids since 2021: zero
  • Annual indexation: applied on schedule

Case 03 / Costa da Caparica

A Casa das Ondas, Beachhouse for Surf Season

Three-bedroom beachhouse in Fonte da Telha, 180 metres from the sand. Bought as a shell in 2020 at 310k, rebuilt with a surf-family brief in mind: outdoor rinse, board storage, heated flooring, flexible bunk-room for four kids. Refit 165k.

Seasonal rental from March to November targeting surf visitors, with 40 percent of bookings direct-from-repeat-guest. The lower season (December to February) is retained for owner use and occasional friend stays.

  • Acquisition: 310,000
  • Refit: 165,000
  • Nightly rate: 220 to 420 eur
  • Occupancy: 65% in rental window
  • Annual gross rental: 48,300
  • Repeat-guest share: 40%
  • Owner use: winter months

Case 04 / Porto

Casa do Cedofeita, Historic Townhouse Renovation

Four-storey granite townhouse in the Cedofeita district, 210 sqm, bought in 2023 at 420k in habitable but tired condition. Full structural and systems refit at 310k under the urban-rehabilitation IMI exemption scheme.

Configured as a split-stay property: ground floor and first floor as the primary two-bed residence for the owners four months a year, top two floors as a separate short-term rental unit with its own street entrance. Two AL licences issued under the 2024 framework.

  • Acquisition: 420,000
  • Refit: 310,000
  • IMI exemption: urban rehab, 3 years
  • Configuration: 2 units, split
  • STR unit nightly: 180 to 290
  • STR occupancy: 78%
  • Owner use: 4 months

Your Property, Next

Every case on this page began with a first conversation. Yours can, too.

Begin the Search

Case 01 / Algarve

Casa da Encosta, Lagos Hillside Villa

Three bedrooms, two bathrooms, 160 sqm under roof on a 900 sqm plot with private pool and unobstructed ocean view toward Meia Praia. Sourced for a Scandinavian family in 2022 at 685k, renovated over four months with a 220k refit focused on outdoor living and a proper open kitchen.

Positioned as a premium seasonal rental from May to October, held by the family for ten weeks a year across Easter, summer and Christmas. The economic model reflects a realistic blend of owner-use and yield.

  • Acquisition: 685,000
  • Refit: 220,000
  • Nightly rate: 680 to 1,450 eur
  • Occupancy: 72% in rental window
  • Annual gross rental: 94,500
  • Owner use: 10 weeks
  • AL licence: issued 2022

Case 02 / Lisbon

Apartamento Chiado, Executive Long-Let

Two-bedroom, 95 sqm, fourth floor with elevator in a restored pombalino building two minutes from Largo do Carmo. Acquired in 2021 at 540k, full interior refresh at 78k, positioned as a long-let for the executive relocation market rather than the short-term rental circuit.

Current tenant on a second three-year term. Zero voids since acquisition. This is the boring, compounding version of Portuguese real estate, and it is a significant portion of our managed portfolio.

  • Acquisition: 540,000
  • Refit: 78,000
  • Monthly rent: 2,400
  • Tenant profile: executive relocation
  • Lease term: 3 years, renewed
  • Voids since 2021: zero
  • Annual indexation: applied on schedule

Case 03 / Costa da Caparica

A Casa das Ondas, Beachhouse for Surf Season

Three-bedroom beachhouse in Fonte da Telha, 180 metres from the sand. Bought as a shell in 2020 at 310k, rebuilt with a surf-family brief in mind: outdoor rinse, board storage, heated flooring, flexible bunk-room for four kids. Refit 165k.

Seasonal rental from March to November targeting surf visitors, with 40 percent of bookings direct-from-repeat-guest. The lower season (December to February) is retained for owner use and occasional friend stays.

  • Acquisition: 310,000
  • Refit: 165,000
  • Nightly rate: 220 to 420 eur
  • Occupancy: 65% in rental window
  • Annual gross rental: 48,300
  • Repeat-guest share: 40%
  • Owner use: winter months

Case 04 / Porto

Casa do Cedofeita, Historic Townhouse Renovation

Four-storey granite townhouse in the Cedofeita district, 210 sqm, bought in 2023 at 420k in habitable but tired condition. Full structural and systems refit at 310k under the urban-rehabilitation IMI exemption scheme.

Configured as a split-stay property: ground floor and first floor as the primary two-bed residence for the owners four months a year, top two floors as a separate short-term rental unit with its own street entrance. Two AL licences issued under the 2024 framework.

  • Acquisition: 420,000
  • Refit: 310,000
  • IMI exemption: urban rehab, 3 years
  • Configuration: 2 units, split
  • STR unit nightly: 180 to 290
  • STR occupancy: 78%
  • Owner use: 4 months

Your Property, Next

Every case on this page began with a first conversation. Yours can, too.

Begin the Search

Case Studies

Selected Properties Under Our Care

Anonymised with the owners’ consent. The numbers are real.

Case 01 / Algarve

Casa da Encosta, Lagos Hillside Villa

Three bedrooms, two bathrooms, 160 sqm under roof on a 900 sqm plot with private pool and unobstructed ocean view toward Meia Praia. Sourced for a Scandinavian family in 2022 at 685k, renovated over four months with a 220k refit focused on outdoor living and a proper open kitchen.

Positioned as a premium seasonal rental from May to October, held by the family for ten weeks a year across Easter, summer and Christmas. The economic model reflects a realistic blend of owner-use and yield.

  • Acquisition: 685,000
  • Refit: 220,000
  • Nightly rate: 680 to 1,450 eur
  • Occupancy: 72% in rental window
  • Annual gross rental: 94,500
  • Owner use: 10 weeks
  • AL licence: issued 2022

Case 02 / Lisbon

Apartamento Chiado, Executive Long-Let

Two-bedroom, 95 sqm, fourth floor with elevator in a restored pombalino building two minutes from Largo do Carmo. Acquired in 2021 at 540k, full interior refresh at 78k, positioned as a long-let for the executive relocation market rather than the short-term rental circuit.

Current tenant on a second three-year term. Zero voids since acquisition. This is the boring, compounding version of Portuguese real estate, and it is a significant portion of our managed portfolio.

  • Acquisition: 540,000
  • Refit: 78,000
  • Monthly rent: 2,400
  • Tenant profile: executive relocation
  • Lease term: 3 years, renewed
  • Voids since 2021: zero
  • Annual indexation: applied on schedule

Case 03 / Costa da Caparica

A Casa das Ondas, Beachhouse for Surf Season

Three-bedroom beachhouse in Fonte da Telha, 180 metres from the sand. Bought as a shell in 2020 at 310k, rebuilt with a surf-family brief in mind: outdoor rinse, board storage, heated flooring, flexible bunk-room for four kids. Refit 165k.

Seasonal rental from March to November targeting surf visitors, with 40 percent of bookings direct-from-repeat-guest. The lower season (December to February) is retained for owner use and occasional friend stays.

  • Acquisition: 310,000
  • Refit: 165,000
  • Nightly rate: 220 to 420 eur
  • Occupancy: 65% in rental window
  • Annual gross rental: 48,300
  • Repeat-guest share: 40%
  • Owner use: winter months

Case 04 / Porto

Casa do Cedofeita, Historic Townhouse Renovation

Four-storey granite townhouse in the Cedofeita district, 210 sqm, bought in 2023 at 420k in habitable but tired condition. Full structural and systems refit at 310k under the urban-rehabilitation IMI exemption scheme.

Configured as a split-stay property: ground floor and first floor as the primary two-bed residence for the owners four months a year, top two floors as a separate short-term rental unit with its own street entrance. Two AL licences issued under the 2024 framework.

  • Acquisition: 420,000
  • Refit: 310,000
  • IMI exemption: urban rehab, 3 years
  • Configuration: 2 units, split
  • STR unit nightly: 180 to 290
  • STR occupancy: 78%
  • Owner use: 4 months

Your Property, Next

Every case on this page began with a first conversation. Yours can, too.

Begin the Search

Case 03 / Costa da Caparica

A Casa das Ondas, Beachhouse for Surf Season

Three-bedroom beachhouse in Fonte da Telha, 180 metres from the sand. Bought as a shell in 2020 at 310k, rebuilt with a surf-family brief in mind: outdoor rinse, board storage, heated flooring, flexible bunk-room for four kids. Refit 165k.

Seasonal rental from March to November targeting surf visitors, with 40 percent of bookings direct-from-repeat-guest. The lower season (December to February) is retained for owner use and occasional friend stays.

  • Acquisition: 310,000
  • Refit: 165,000
  • Nightly rate: 220 to 420 eur
  • Occupancy: 65% in rental window
  • Annual gross rental: 48,300
  • Repeat-guest share: 40%
  • Owner use: winter months

Case 04 / Porto

Casa do Cedofeita, Historic Townhouse Renovation

Four-storey granite townhouse in the Cedofeita district, 210 sqm, bought in 2023 at 420k in habitable but tired condition. Full structural and systems refit at 310k under the urban-rehabilitation IMI exemption scheme.

Configured as a split-stay property: ground floor and first floor as the primary two-bed residence for the owners four months a year, top two floors as a separate short-term rental unit with its own street entrance. Two AL licences issued under the 2024 framework.

  • Acquisition: 420,000
  • Refit: 310,000
  • IMI exemption: urban rehab, 3 years
  • Configuration: 2 units, split
  • STR unit nightly: 180 to 290
  • STR occupancy: 78%
  • Owner use: 4 months

Your Property, Next

Every case on this page began with a first conversation. Yours can, too.

Begin the Search

Case 02 / Lisbon

Apartamento Chiado, Executive Long-Let

Two-bedroom, 95 sqm, fourth floor with elevator in a restored pombalino building two minutes from Largo do Carmo. Acquired in 2021 at 540k, full interior refresh at 78k, positioned as a long-let for the executive relocation market rather than the short-term rental circuit.

Current tenant on a second three-year term. Zero voids since acquisition. This is the boring, compounding version of Portuguese real estate, and it is a significant portion of our managed portfolio.

  • Acquisition: 540,000
  • Refit: 78,000
  • Monthly rent: 2,400
  • Tenant profile: executive relocation
  • Lease term: 3 years, renewed
  • Voids since 2021: zero
  • Annual indexation: applied on schedule

Case 03 / Costa da Caparica

A Casa das Ondas, Beachhouse for Surf Season

Three-bedroom beachhouse in Fonte da Telha, 180 metres from the sand. Bought as a shell in 2020 at 310k, rebuilt with a surf-family brief in mind: outdoor rinse, board storage, heated flooring, flexible bunk-room for four kids. Refit 165k.

Seasonal rental from March to November targeting surf visitors, with 40 percent of bookings direct-from-repeat-guest. The lower season (December to February) is retained for owner use and occasional friend stays.

  • Acquisition: 310,000
  • Refit: 165,000
  • Nightly rate: 220 to 420 eur
  • Occupancy: 65% in rental window
  • Annual gross rental: 48,300
  • Repeat-guest share: 40%
  • Owner use: winter months

Case 04 / Porto

Casa do Cedofeita, Historic Townhouse Renovation

Four-storey granite townhouse in the Cedofeita district, 210 sqm, bought in 2023 at 420k in habitable but tired condition. Full structural and systems refit at 310k under the urban-rehabilitation IMI exemption scheme.

Configured as a split-stay property: ground floor and first floor as the primary two-bed residence for the owners four months a year, top two floors as a separate short-term rental unit with its own street entrance. Two AL licences issued under the 2024 framework.

  • Acquisition: 420,000
  • Refit: 310,000
  • IMI exemption: urban rehab, 3 years
  • Configuration: 2 units, split
  • STR unit nightly: 180 to 290
  • STR occupancy: 78%
  • Owner use: 4 months

Your Property, Next

Every case on this page began with a first conversation. Yours can, too.

Begin the Search

Case 01 / Algarve

Casa da Encosta, Lagos Hillside Villa

Three bedrooms, two bathrooms, 160 sqm under roof on a 900 sqm plot with private pool and unobstructed ocean view toward Meia Praia. Sourced for a Scandinavian family in 2022 at 685k, renovated over four months with a 220k refit focused on outdoor living and a proper open kitchen.

Positioned as a premium seasonal rental from May to October, held by the family for ten weeks a year across Easter, summer and Christmas. The economic model reflects a realistic blend of owner-use and yield.

  • Acquisition: 685,000
  • Refit: 220,000
  • Nightly rate: 680 to 1,450 eur
  • Occupancy: 72% in rental window
  • Annual gross rental: 94,500
  • Owner use: 10 weeks
  • AL licence: issued 2022

Case 02 / Lisbon

Apartamento Chiado, Executive Long-Let

Two-bedroom, 95 sqm, fourth floor with elevator in a restored pombalino building two minutes from Largo do Carmo. Acquired in 2021 at 540k, full interior refresh at 78k, positioned as a long-let for the executive relocation market rather than the short-term rental circuit.

Current tenant on a second three-year term. Zero voids since acquisition. This is the boring, compounding version of Portuguese real estate, and it is a significant portion of our managed portfolio.

  • Acquisition: 540,000
  • Refit: 78,000
  • Monthly rent: 2,400
  • Tenant profile: executive relocation
  • Lease term: 3 years, renewed
  • Voids since 2021: zero
  • Annual indexation: applied on schedule

Case 03 / Costa da Caparica

A Casa das Ondas, Beachhouse for Surf Season

Three-bedroom beachhouse in Fonte da Telha, 180 metres from the sand. Bought as a shell in 2020 at 310k, rebuilt with a surf-family brief in mind: outdoor rinse, board storage, heated flooring, flexible bunk-room for four kids. Refit 165k.

Seasonal rental from March to November targeting surf visitors, with 40 percent of bookings direct-from-repeat-guest. The lower season (December to February) is retained for owner use and occasional friend stays.

  • Acquisition: 310,000
  • Refit: 165,000
  • Nightly rate: 220 to 420 eur
  • Occupancy: 65% in rental window
  • Annual gross rental: 48,300
  • Repeat-guest share: 40%
  • Owner use: winter months

Case 04 / Porto

Casa do Cedofeita, Historic Townhouse Renovation

Four-storey granite townhouse in the Cedofeita district, 210 sqm, bought in 2023 at 420k in habitable but tired condition. Full structural and systems refit at 310k under the urban-rehabilitation IMI exemption scheme.

Configured as a split-stay property: ground floor and first floor as the primary two-bed residence for the owners four months a year, top two floors as a separate short-term rental unit with its own street entrance. Two AL licences issued under the 2024 framework.

  • Acquisition: 420,000
  • Refit: 310,000
  • IMI exemption: urban rehab, 3 years
  • Configuration: 2 units, split
  • STR unit nightly: 180 to 290
  • STR occupancy: 78%
  • Owner use: 4 months

Your Property, Next

Every case on this page began with a first conversation. Yours can, too.

Begin the Search

Case Studies

Selected Properties Under Our Care

Anonymised with the owners’ consent. The numbers are real.

Case 01 / Algarve

Casa da Encosta, Lagos Hillside Villa

Three bedrooms, two bathrooms, 160 sqm under roof on a 900 sqm plot with private pool and unobstructed ocean view toward Meia Praia. Sourced for a Scandinavian family in 2022 at 685k, renovated over four months with a 220k refit focused on outdoor living and a proper open kitchen.

Positioned as a premium seasonal rental from May to October, held by the family for ten weeks a year across Easter, summer and Christmas. The economic model reflects a realistic blend of owner-use and yield.

  • Acquisition: 685,000
  • Refit: 220,000
  • Nightly rate: 680 to 1,450 eur
  • Occupancy: 72% in rental window
  • Annual gross rental: 94,500
  • Owner use: 10 weeks
  • AL licence: issued 2022

Case 02 / Lisbon

Apartamento Chiado, Executive Long-Let

Two-bedroom, 95 sqm, fourth floor with elevator in a restored pombalino building two minutes from Largo do Carmo. Acquired in 2021 at 540k, full interior refresh at 78k, positioned as a long-let for the executive relocation market rather than the short-term rental circuit.

Current tenant on a second three-year term. Zero voids since acquisition. This is the boring, compounding version of Portuguese real estate, and it is a significant portion of our managed portfolio.

  • Acquisition: 540,000
  • Refit: 78,000
  • Monthly rent: 2,400
  • Tenant profile: executive relocation
  • Lease term: 3 years, renewed
  • Voids since 2021: zero
  • Annual indexation: applied on schedule

Case 03 / Costa da Caparica

A Casa das Ondas, Beachhouse for Surf Season

Three-bedroom beachhouse in Fonte da Telha, 180 metres from the sand. Bought as a shell in 2020 at 310k, rebuilt with a surf-family brief in mind: outdoor rinse, board storage, heated flooring, flexible bunk-room for four kids. Refit 165k.

Seasonal rental from March to November targeting surf visitors, with 40 percent of bookings direct-from-repeat-guest. The lower season (December to February) is retained for owner use and occasional friend stays.

  • Acquisition: 310,000
  • Refit: 165,000
  • Nightly rate: 220 to 420 eur
  • Occupancy: 65% in rental window
  • Annual gross rental: 48,300
  • Repeat-guest share: 40%
  • Owner use: winter months

Case 04 / Porto

Casa do Cedofeita, Historic Townhouse Renovation

Four-storey granite townhouse in the Cedofeita district, 210 sqm, bought in 2023 at 420k in habitable but tired condition. Full structural and systems refit at 310k under the urban-rehabilitation IMI exemption scheme.

Configured as a split-stay property: ground floor and first floor as the primary two-bed residence for the owners four months a year, top two floors as a separate short-term rental unit with its own street entrance. Two AL licences issued under the 2024 framework.

  • Acquisition: 420,000
  • Refit: 310,000
  • IMI exemption: urban rehab, 3 years
  • Configuration: 2 units, split
  • STR unit nightly: 180 to 290
  • STR occupancy: 78%
  • Owner use: 4 months

Your Property, Next

Every case on this page began with a first conversation. Yours can, too.

Begin the Search