T3 flat, Calouste Gulbenkian, 1, Horta das Figuras - Lejana - Senhora da Saúde, Faro
T3 flat, Calouste Gulbenkian, 1, Horta das Figuras - Lejana - Senhora da Saúde, Faro — image 2T3 flat, Calouste Gulbenkian, 1, Horta das Figuras - Lejana - Senhora da Saúde, Faro — image 3T3 flat, Calouste Gulbenkian, 1, Horta das Figuras - Lejana - Senhora da Saúde, Faro — image 4T3 flat, Calouste Gulbenkian, 1, Horta das Figuras - Lejana - Senhora da Saúde, Faro — image 5
Grade B+apartmentluxury

T3 flat, Calouste Gulbenkian, 1, Horta das Figuras - Lejana - Senhora da Saúde, Faro

Faro · Eastern Algarve ·

€682,000

Asking Price (EUR)

4.6%

True Net Yield (Owner, all-in)

3.2%

True Net Yield (Managed, all-in)

7.1%

True Gross Yield

52%

Occupancy

Projections — conservative (data maturing)

Our Airbnb calendar dataset started 2.1 months ago and is currently at 17% maturity. Yields shown apply a conservative calibration (realised-ADR factor 0.75, occupancy cap 67%) that auto-fades to full fidelity by April 2027.

Projected Gross Revenue: €56,302/yr
Average Daily Rate: €298
+21.0% vs area baselineImage quality 8/10 (+3%), Modern/contemporary style (+12%), No pool (-12%), Has view (+10%), Luxury finish (+8%)
Payback Period: 15.1 years
5-yr Capital Value: €896,138
10-yr Capital Value: €1.1M
Brixfox Score: 68.6 / 100
Comparable Properties: 23
Data Confidence: 95%
Search Radius: 2 km

True Investment Cost

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

€788,656

+15.6% over asking

Asking price€682,000
IMT — Property transfer tax (investment schedule)€40,920
IS — Stamp duty (0.8%)€5,456
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€10,230
Total acquisition costs€57,856
Renovation€0 — move-in ready
Furnishing & STR launch (3bd × €8000 base, luxury tier)
Furniture, appliances, electronics, linens, AL licence setup, launch photography.		€48,800
All-in investment (incl. renovation & furnishing)€788,656

Gross yield (asking price)

8.3%

True gross yield (all-in)

7.1%

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: 3
Bathrooms: 3
Building: 153 m²
Style: modern
Condition: new-build
Energy Certificate: A+
View

AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Design Features

expansive balconies with glass railingsmixed facade materials (white, grey, wood-look panels)terraced landscaping

Score Breakdown

ROI
17.95
Visual Appeal
13.6
Ownership Security
13
Location
7.8
Land & Space
5.06
Rental Demand
5.17
Payback Speed
3
STR Suitability
3

Description

3 bedroom flat of 152m2 and balcony of 22m2, in a new development, in Faro. The new-build Palácio BR Avenida Development is located in Faro, Algarve. Comprising 2, 2 bedroom duplex, 3 and 4 bedroom apartments, spread over eight floors, with communal rooftop pool, outdoor gym, children's playground and garage. The Pa

Location

📍 37.0259°N, 7.9338°W

· Faro, Algarve, Portugal

View on Dils Portugal →Also on Idealista.pt
Idealista.pt
Faro / Eastern Algarve

T3 flat, Calouste Gulbenkian, 1, Horta das Figuras - Lejana - Senhora da Saúde, Faro

Inventory
3 Beds
Bathrooms
3 Baths
Built Area
153 m²
Land Plot
0 m²
Tenure
Freehold
Yield Curve Status

Grade B+ investment — short-term rental yields 5.5% net return annually.

Go to Source via Idealista.pt

The Investment

Brixfox Score69
GradeB+
Brixfox Intelligence
69B+Strong
Score Breakdown
ROI & Yield76%
Capital Growth72%
Risk Profile71%
Market Demand69%

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
+9.3%
Per Year (5yr avg)
Annualized projected property value change based on historical area appreciation rates (5-year average).
Capital Growth
+3.8%
+$128K in 5yr (+19%)
Estimated monthly net income after deducting management fees, operating costs, and taxes.
ROI Nett Rental Income
5.5%
$3,419/mo
Estimated time for the total investment value (equity + accumulated rent) to double.
100% Profit
10 yr
Combined
Number of years to fully recoup the initial purchase price using only net rental income.
Payback
18.1 yr
Rental only

Property details

Energy: A+
Condition: new-build

Description

3 bedroom flat of 152m2 and balcony of 22m2, in a new development, in Faro. The new-build Palácio BR Avenida Development is located in Faro, Algarve. Comprising 2, 2 bedroom duplex, 3 and 4 bedroom apartments, spread over eight floors, with communal rooftop pool, outdoor gym, children's playground and garage. The Pa

Income Breakdown

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Nightly Rate (ADR)
$431/night
50% ($198)Brixfox estimate($431/night)200% ($794)
Occupancy
52%
10%Brixfox estimate(52%)100%

Short-Term Rental

Yearly income
$41,026
Airbnb data$431/night · 52% occupancy
Rental income
$431/night · 52% occ.
$81,391
Running costs (20%)
Utilities, cleaning, maintenance
-$16,278
Income tax (10%)
Indonesian rental income tax
-$22,790
Property tax
Annual property tax
-$1,297
Net income
5.5% ROI
$41,026

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$741,304
IMT (transfer tax, investment schedule)$44,478
Imposto de Selo (stamp duty)$5,930
Notary & registration$1,359
Legal / due diligence$11,120
Total acquisition costs$62,887
RenovationMove-in ready
Furnishing & STR launch
3bd × $8,696 base + appliances, electronics, outdoor, licence, photography, linens.		$53,043
All-in investment$857,235

Gross yield (asking)

11.0%

True gross yield (all-in)

9.5%

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.

$4.6M$3.5M$2.3M$1.2M$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Paid back2x ReturnToday: $682K
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 15: rental income alone has repaid the full purchase price.
2x return
Year 10: total gains (capital + rental) have doubled your initial investment.
Year 5
Capital Value
$830K
+22%
Rental Income
+$200K
Total Position
$1.0M
+51%
8.6%/yr
Year 10
Capital Value
$1.0M
+48%
Rental Income
+$433K
Total Position
$1.4M
+111%
7.8%/yr
Year 20
Capital Value
$1.5M
+119%
Rental Income
+$1.0M
Total Position
$2.5M
+268%
6.7%/yr
Year 30
Capital Value
$2.2M
+224%
Rental Income
+$1.8M
Total Position
$4.0M
+488%
6.1%/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
5.5% annual return
Occupancy
Average
52% average occupancy
Nightly Rate
Strong
$397 per night
Visual Appeal
Good
7/10 instagrammability
Size & Space
Weak
0 m² land area
Zoning
Average
STR zoning not confirmed
Tenure
Strong
Freehold ownership

Top Highlights

Premium nightly rate of $397 — positioned in the top tier
Freehold ownership — maximum long-term security

Watch Out

Secondary location — rental demand may be lower than premium areas
Occupancy at 52% — 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

32% occ.
4.5%
$2,802/mo
42% occ.
6.0%
$3,721/mo
52% occ.
7.5%
$4,639/mo
current
62% occ.
9.0%
$5,558/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.