Penthouse in Centro, Faro
Penthouse in Centro, Faro — image 2Penthouse in Centro, Faro — image 3Penthouse in Centro, Faro — image 4Penthouse in Centro, Faro — image 5
Grade B+apartmentmid-range

Penthouse in Centro, Faro

Faro · Eastern Algarve ·

€1.9M

Asking Price (EUR)

Limited comps — indicative only

Revenue projections are based on limited comparable data (2 comps, 53% confidence).

5.8%

True Net Yield (Owner, all-in)

4.0%

True Net Yield (Managed, all-in)

9.0%

True Gross Yield

48%

Occupancy

Projections — conservative (data maturing)

Our Airbnb calendar dataset started 1.5 months ago and is currently at 13% maturity. Yields shown apply a conservative calibration (realised-ADR factor 0.74, occupancy cap 66%) that auto-fades to full fidelity by April 2027.

Projected Gross Revenue: €193,429/yr
Average Daily Rate: €1104
+6.0% vs area baselineImage quality 8/10 (+3%), Portuguese-traditional style (+5%), No pool (-12%), Has view (+10%)
Payback Period: 12.1 years
5-yr Capital Value: €2.5M
10-yr Capital Value: €3.0M
Brixfox Score: 73 / 100
Comparable Properties: 2
Data Confidence: 53%
Search Radius: 10 km

True Investment Cost

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

€2.2M

+13.7% over asking

Asking price€1.9M
IMT — Property transfer tax (investment schedule)€142,425
IS — Stamp duty (0.8%)€15,192
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€28,485
Total acquisition costs€187,352
Renovation (est. €55/m² × 400 m²)
Light touch-ups — paint, fixtures, deep clean.		€22,000
(€12,000–€32,000)
Furnishing & STR launch (7bd × €4500 base, mid-range tier)
Furniture, appliances, electronics, linens, AL licence setup, launch photography.		€51,600
All-in investment (incl. renovation & furnishing)€2.2M

Gross yield (asking price)

10.2%

True gross yield (all-in)

9.0%

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: 7
Bathrooms: 6
Building: 400 m²
Style: portuguese-traditional
Condition: good
Year Built: 2003
Energy Certificate: B
View

AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Design Features

expansive sea/estuary viewlarge outdoor terracetraditional Portuguese pottery

Score Breakdown

ROI
20.55
Visual Appeal
14.8
Ownership Security
13
Location
7.8
Land & Space
6
Rental Demand
4.8
Payback Speed
3
STR Suitability
3

Description

The Largest and Most Luxurious Penthouse in Central Faro A World-Class Residence With Panoramic Ria Formosa Views The Pinnacle of Luxury Living in Faro In the heart of central Faro surrounded by fine dining, boutique cafés, world-class golf courses and just minutes from Faro International Airport this exceptional pe

Location

📍 37.0178°N, 7.9364°W

· Faro, Algarve, Portugal

View on Idealista.pt
Idealista.pt
Faro / Eastern Algarve

Penthouse in Centro, Faro

Inventory
7 Beds
Bathrooms
6 Baths
Built Area
400 m²
Land Plot
0 m²
Tenure
Freehold
Yield Curve Status

Grade B+ investment — short-term rental yields 7.0% net return annually.

Go to Source via Idealista.pt

The Investment

Brixfox Score73
GradeB+
Brixfox Intelligence
73B+Strong
Score Breakdown
ROI & Yield80%
Capital Growth77%
Risk Profile74%
Market Demand73%

The Brixfox Score is our proprietary AI-powered rating that evaluates rental ROI, capital appreciation potential, risk factors, and local market dynamics to give you a single investment quality metric.

Pro members get full score breakdown with AI recommendations
Average annual ROI over 5 years, combining both rental income and property value growth.
Total
+10.7%
Per Year (5yr avg)
Annualized projected property value change based on historical area appreciation rates (5-year average).
Capital Growth
+3.8%
+$356K in 5yr (+19%)
Estimated monthly net income after deducting management fees, operating costs, and taxes.
ROI Nett Rental Income
7.0%
$12,034/mo
Estimated time for the total investment value (equity + accumulated rent) to double.
100% Profit
9 yr
Combined
Number of years to fully recoup the initial purchase price using only net rental income.
Payback
14.3 yr
Rental only

Property details

Year built: 2003
Energy: B
Condition: good

Description

The Largest and Most Luxurious Penthouse in Central Faro A World-Class Residence With Panoramic Ria Formosa Views The Pinnacle of Luxury Living in Faro In the heart of central Faro surrounded by fine dining, boutique cafés, world-class golf courses and just minutes from Faro International Airport this exceptional pe

Income Breakdown

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Nightly Rate (ADR)
$1,624/night
50% ($747)Brixfox estimate($1,624/night)200% ($2989)
Occupancy
48%
10%Brixfox estimate(48%)100%

Short-Term Rental

Yearly income
$144,409
Airbnb data$1,624/night · 48% occupancy
Rental income
$1,624/night · 48% occ.
$284,655
Running costs (20%)
Utilities, cleaning, maintenance
-$56,931
Income tax (10%)
Indonesian rental income tax
-$79,704
Property tax
Annual property tax
-$3,612
Net income
7.0% ROI
$144,409

Long-Term Rental

No long-term rental data available

Not enough comparable rentals in this area

True all-in investment

What the headline asking price actually costs once mandatory taxes, fees, renovation, and furnishing are added. Yields rebased onto this number — closer to what you'll really earn against what you'll really pay.

Asking price$2,064,130
IMT (transfer tax, investment schedule)$154,810
Imposto de Selo (stamp duty)$16,513
Notary & registration$1,359
Legal / due diligence$30,962
Total acquisition costs$203,643
Renovation (~$60/m²)
Light touch-ups — paint, fixtures, deep clean.		$23,913
($13,043–$34,783)
Furnishing & STR launch
7bd × $4,891 base + appliances, electronics, outdoor, licence, photography, linens.		$56,087
All-in investment$2,347,774

Gross yield (asking)

13.8%

True gross yield (all-in)

12.1%

Estimates use Portugal's standard transfer tax + typical legal/notary defaults. Verify with local counsel before committing — actual fees vary by deal structure.

Growth & Exit Strategy

How your investment grows over time

Freehold — 4%/yr appreciation in Faro.

$14.4M$10.8M$7.2M$3.6M$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Paid back2x ReturnToday: $1.9M
Capital appreciation
Property value growing at +4%/yr based on Faro 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 13: rental income alone has repaid the full purchase price.
2x return
Year 9: total gains (capital + rental) have doubled your initial investment.
Year 5
Capital Value
$2.3M
+22%
Rental Income
+$705K
Total Position
$3.0M
+59%
9.7%/yr
Year 10
Capital Value
$2.8M
+48%
Rental Income
+$1.5M
Total Position
$4.3M
+128%
8.6%/yr
Year 20
Capital Value
$4.2M
+119%
Rental Income
+$3.6M
Total Position
$7.7M
+307%
7.3%/yr
Year 30
Capital Value
$6.2M
+224%
Rental Income
+$6.3M
Total Position
$12.5M
+557%
6.5%/yr

Location

Faro

Eastern Algarve, Approximate area

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Airbnb Comp Analysis

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Villa Scorecard

Location
Average
Emerging or secondary location
Rental Yield
Good
7.0% annual return
Occupancy
Average
48% average occupancy
Nightly Rate
Strong
$1494 per night
Visual Appeal
Strong
9/10 instagrammability
Size & Space
Weak
0 m² land area
Zoning
Average
STR zoning not confirmed
Tenure
Strong
Freehold ownership

Top Highlights

Premium nightly rate of $1494 — positioned in the top tier
Stunning visuals with 9/10 instagrammability — commands premium nightly rates
Freehold ownership — maximum long-term security

Watch Out

Secondary location — rental demand may be lower than premium areas
Occupancy at 48% — factor in seasonal gaps

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

Risks & What-If

What if occupancy changes?

Owner Managed scenario

30% occ.
5.9%
$10,075/mo
40% occ.
7.9%
$13,534/mo
48% occ.
9.5%
$16,304/mo
current
58% occ.
11.5%
$19,763/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. Includes 10% Indonesian rental tax (PPh) and annual property tax (PBB). Market factors in Portugal may impact actual yields.