T2 flat, Calouste Gulbenkian, 1, Horta das Figuras - Lejana - Senhora da Saúde, Faro
T2 flat, Calouste Gulbenkian, 1, Horta das Figuras - Lejana - Senhora da Saúde, Faro — image 2T2 flat, Calouste Gulbenkian, 1, Horta das Figuras - Lejana - Senhora da Saúde, Faro — image 3T2 flat, Calouste Gulbenkian, 1, Horta das Figuras - Lejana - Senhora da Saúde, Faro — image 4T2 flat, Calouste Gulbenkian, 1, Horta das Figuras - Lejana - Senhora da Saúde, Faro — image 5
Grade B+apartmentluxury

T2 flat, Calouste Gulbenkian, 1, Horta das Figuras - Lejana - Senhora da Saúde, Faro

Faro · Eastern Algarve ·

€534,750

Asking Price (EUR)

4.8%

True Net Yield (Owner, all-in)

3.3%

True Net Yield (Managed, all-in)

7.4%

True Gross Yield

51%

Occupancy

Projections — conservative (data maturing)

Our Airbnb calendar dataset started 1.6 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: €46,007/yr
Average Daily Rate: €247
+36.0% vs area baselineImage quality 9/10 (+6%), Modern/contemporary style (+12%), Has pool (0%), Has view (+10%), Luxury finish (+8%)
Payback Period: 14.3 years
5-yr Capital Value: €702,654
10-yr Capital Value: €854,885
Brixfox Score: 70.6 / 100
Comparable Properties: 76
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.

€621,359

+16.2% over asking

Asking price€534,750
IMT — Property transfer tax (investment schedule)€30,610
IS — Stamp duty (0.8%)€4,278
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€8,021
Total acquisition costs€44,159
Renovation€0 — move-in ready
Furnishing & STR launch (2bd × €8000 base, luxury tier)
Furniture, appliances, electronics, linens, AL licence setup, launch photography.		€42,450
All-in investment (incl. renovation & furnishing)€621,359

Gross yield (asking price)

8.6%

True gross yield (all-in)

7.4%

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: 2
Bathrooms: 2
Building: 128 m²
Style: contemporary
Condition: new-build
Energy Certificate: A+
Private Pool
View

AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Design Features

infinity-edge poolrooftop terracepanoramic sea viewmodern sun loungers

Score Breakdown

ROI
18.56
Visual Appeal
15.6
Ownership Security
13
Location
7.8
Land & Space
4.56
Rental Demand
5.09
Payback Speed
3
STR Suitability
3

Description

2 bedroom flat of 99m2 and balcony of 8m2, 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 Palá

Location

📍 37.0259°N, 7.9338°W

· Faro, Algarve, Portugal

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

T2 flat, Calouste Gulbenkian, 1, Horta das Figuras - Lejana - Senhora da Saúde, Faro

Inventory
2 Beds
Bathrooms
2 Baths
Built Area
128 m²
Land Plot
0 m²
Tenure
Freehold
Yield Curve Status

Grade B+ investment — short-term rental yields 5.9% net return annually.

Go to Source via Idealista.pt

The Investment

Brixfox Score71
GradeB+
Brixfox Intelligence
71B+Strong
Score Breakdown
ROI & Yield78%
Capital Growth75%
Risk Profile72%
Market Demand71%

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
+9.6%
Per Year (5yr avg)
Annualized projected property value change based on historical area appreciation rates (5-year average).
Capital Growth
+3.8%
+$100K in 5yr (+19%)
Estimated monthly net income after deducting management fees, operating costs, and taxes.
ROI Nett Rental Income
5.9%
$2,847/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
17.0 yr
Rental only

Property details

Energy: A+
Condition: new-build

Description

2 bedroom flat of 99m2 and balcony of 8m2, 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 Palá

Income Breakdown

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Nightly Rate (ADR)
$364/night
50% ($167)Brixfox estimate($364/night)200% ($670)
Occupancy
51%
10%Brixfox estimate(51%)100%

Short-Term Rental

Yearly income
$34,166
Airbnb data$364/night · 51% occupancy
Rental income
$364/night · 51% occ.
$67,661
Running costs (20%)
Utilities, cleaning, maintenance
-$13,532
Income tax (10%)
Indonesian rental income tax
-$18,945
Property tax
Annual property tax
-$1,017
Net income
5.9% ROI
$34,166

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$581,250
IMT (transfer tax, investment schedule)$33,272
Imposto de Selo (stamp duty)$4,650
Notary & registration$1,359
Legal / due diligence$8,718
Total acquisition costs$47,999
RenovationMove-in ready
Furnishing & STR launch
2bd × $8,696 base + appliances, electronics, outdoor, licence, photography, linens.		$46,141
All-in investment$675,390

Gross yield (asking)

11.6%

True gross yield (all-in)

10.0%

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.

$3.7M$2.8M$1.9M$929K$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Paid back2x ReturnToday: $535K
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 14: 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
$651K
+22%
Rental Income
+$167K
Total Position
$817K
+53%
8.9%/yr
Year 10
Capital Value
$792K
+48%
Rental Income
+$360K
Total Position
$1.2M
+115%
8.0%/yr
Year 20
Capital Value
$1.2M
+119%
Rental Income
+$845K
Total Position
$2.0M
+277%
6.9%/yr
Year 30
Capital Value
$1.7M
+224%
Rental Income
+$1.5M
Total Position
$3.2M
+504%
6.2%/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
5.9% annual return
Occupancy
Average
51% average occupancy
Nightly Rate
Strong
$335 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 $335 — 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 51% — 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

31% occ.
4.8%
$2,312/mo
41% occ.
6.4%
$3,087/mo
51% occ.
8.0%
$3,862/mo
current
61% occ.
9.6%
$4,636/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.