T4 flat in Avenida Calouste Gulbenkian, 31, Horta das Figuras - Lejana - Senhora da Saúde, Faro
T4 flat in Avenida Calouste Gulbenkian, 31, Horta das Figuras - Lejana - Senhora da Saúde, Faro — image 2T4 flat in Avenida Calouste Gulbenkian, 31, Horta das Figuras - Lejana - Senhora da Saúde, Faro — image 3T4 flat in Avenida Calouste Gulbenkian, 31, Horta das Figuras - Lejana - Senhora da Saúde, Faro — image 4T4 flat in Avenida Calouste Gulbenkian, 31, Horta das Figuras - Lejana - Senhora da Saúde, Faro — image 5
Grade B+apartmentluxury

T4 flat in Avenida Calouste Gulbenkian, 31, Horta das Figuras - Lejana - Senhora da Saúde, Faro

Faro · Eastern Algarve ·

€845,900

Asking Price (EUR)

5.7%

True Net Yield (Owner, all-in)

4.0%

True Net Yield (Managed, all-in)

8.8%

True Gross Yield

41%

Occupancy

Projections — conservative (data maturing)

Our Airbnb calendar dataset started 2 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: €85,676/yr
Average Daily Rate: €578
+21.0% vs area baselineImage quality 8/10 (+3%), Modern/contemporary style (+12%), No pool (-12%), Has view (+10%), Luxury finish (+8%)
Payback Period: 12.3 years
5-yr Capital Value: €1.1M
10-yr Capital Value: €1.4M
Brixfox Score: 70.7 / 100
Comparable Properties: 5
Data Confidence: 73%
Search Radius: 4 km

True Investment Cost

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

€975,010

+15.3% over asking

Asking price€845,900
IMT — Property transfer tax (investment schedule)€50,754
IS — Stamp duty (0.8%)€6,767
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€12,689
Total acquisition costs€71,460
Renovation€0 — move-in ready
Furnishing & STR launch (4bd × €8000 base, luxury tier)
Furniture, appliances, electronics, linens, AL licence setup, launch photography.		€57,650
All-in investment (incl. renovation & furnishing)€975,010

Gross yield (asking price)

10.1%

True gross yield (all-in)

8.8%

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.

Bedrooms: 4
Bathrooms: 4
Building: 234 m²
Style: modern
Condition: new-build
Year Built: 2024
Energy Certificate: A+
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AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Design Features

glass balconiesdark framed windowsmixed facade materials

Score Breakdown

ROI
20.27
Visual Appeal
13.6
Ownership Security
13
Location
7.8
Land & Space
6
Rental Demand
4.06
Payback Speed
3
STR Suitability
3

Description

Luxury apartment, type T4, overlooking the garden and city, under construction of the best quality, the project well prepared and harmoniously integrated into a new centrality of the city of Faro, with swimming pool and fitness room on the roof. This apartment on the 4ft floor, with excellent natural light, type T4, c

Location

📍 37.0258°N, 7.9338°W

· Faro, Algarve, Portugal

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Idealista.pt
Faro / Eastern Algarve

T4 flat in Avenida Calouste Gulbenkian, 31, Horta das Figuras - Lejana - Senhora da Saúde, Faro

Inventory
4 Beds
Bathrooms
4 Baths
Built Area
234 m²
Land Plot
0 m²
Tenure
Freehold
Yield Curve Status

Grade B+ investment — short-term rental yields 6.8% net return annually.

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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
+10.6%
Per Year (5yr avg)
Annualized projected property value change based on historical area appreciation rates (5-year average).
Capital Growth
+3.8%
+$159K in 5yr (+19%)
Estimated monthly net income after deducting management fees, operating costs, and taxes.
ROI Nett Rental Income
6.8%
$5,242/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
14.6 yr
Rental only

Property details

Year built: 2024
Energy: A+
Condition: new-build

Description

Luxury apartment, type T4, overlooking the garden and city, under construction of the best quality, the project well prepared and harmoniously integrated into a new centrality of the city of Faro, with swimming pool and fitness room on the roof. This apartment on the 4ft floor, with excellent natural light, type T4, c

Income Breakdown

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Nightly Rate (ADR)
$837/night
50% ($385)Brixfox estimate($837/night)200% ($1541)
Occupancy
41%
10%Brixfox estimate(41%)100%

Short-Term Rental

Yearly income
$62,905
Airbnb data$837/night · 41% occupancy
Rental income
$837/night · 41% occ.
$124,065
Running costs (20%)
Utilities, cleaning, maintenance
-$24,813
Income tax (10%)
Indonesian rental income tax
-$34,738
Property tax
Annual property tax
-$1,609
Net income
6.8% ROI
$62,905

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$919,457
IMT (transfer tax, investment schedule)$55,167
Imposto de Selo (stamp duty)$7,355
Notary & registration$1,359
Legal / due diligence$13,792
Total acquisition costs$77,674
RenovationMove-in ready
Furnishing & STR launch
4bd × $8,696 base + appliances, electronics, outdoor, licence, photography, linens.		$62,663
All-in investment$1,059,793

Gross yield (asking)

13.5%

True gross yield (all-in)

11.7%

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.

$6.3M$4.7M$3.2M$1.6M$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Paid back2x ReturnToday: $846K
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
$1.0M
+22%
Rental Income
+$307K
Total Position
$1.3M
+58%
9.6%/yr
Year 10
Capital Value
$1.3M
+48%
Rental Income
+$663K
Total Position
$1.9M
+126%
8.5%/yr
Year 20
Capital Value
$1.9M
+119%
Rental Income
+$1.6M
Total Position
$3.4M
+303%
7.2%/yr
Year 30
Capital Value
$2.7M
+224%
Rental Income
+$2.8M
Total Position
$5.5M
+550%
6.4%/yr

Location

Faro

Eastern Algarve, Approximate area

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Villa Scorecard

Location
Average
Emerging or secondary location
Rental Yield
Good
6.8% annual return
Occupancy
Weak
41% average occupancy
Nightly Rate
Strong
$770 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 $770 — 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 41% — 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.
6.8%
$5,215/mo
40% occ.
9.1%
$6,998/mo
current
41% occ.
9.3%
$7,103/mo
current
51% occ.
11.6%
$8,886/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.