T3 flat in Rua Ascensao Guimaraes, 2, Alto Rodes, Faro
T3 flat in Rua Ascensao Guimaraes, 2, Alto Rodes, Faro — image 2T3 flat in Rua Ascensao Guimaraes, 2, Alto Rodes, Faro — image 3T3 flat in Rua Ascensao Guimaraes, 2, Alto Rodes, Faro — image 4T3 flat in Rua Ascensao Guimaraes, 2, Alto Rodes, Faro — image 5
Grade B+apartmentluxury

T3 flat in Rua Ascensao Guimaraes, 2, Alto Rodes, Faro

Faro · Eastern Algarve ·

€619,500

Asking Price (EUR)

5.3%

True Net Yield (Owner, all-in)

3.7%

True Net Yield (Managed, all-in)

8.2%

True Gross Yield

53%

Occupancy

Projections — conservative (data maturing)

Our Airbnb calendar dataset started 1.6 months ago and is currently at 14% 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: €59,271/yr
Average Daily Rate: €307
+26.0% vs area baselineImage quality 9/10 (+6%), Modern/contemporary style (+12%), Has pool (0%), Luxury finish (+8%)
Payback Period: 12.9 years
5-yr Capital Value: €814,014
10-yr Capital Value: €990,372
Brixfox Score: 71.8 / 100
Comparable Properties: 23
Data Confidence: 97%
Search Radius: 2 km

True Investment Cost

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

€723,689

+16.8% over asking

Asking price€619,500
IMT — Property transfer tax (investment schedule)€37,390
IS — Stamp duty (0.8%)€4,956
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€9,293
Total acquisition costs€52,889
Renovation€0 — move-in ready
Furnishing & STR launch (3bd × €8000 base, luxury tier)
Furniture, appliances, electronics, linens, AL licence setup, launch photography.		€51,300
All-in investment (incl. renovation & furnishing)€723,689

Gross yield (asking price)

9.6%

True gross yield (all-in)

8.2%

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: 2
Building: 148 m²
Style: modern
Condition: new-build
Year Built: 2026
Energy Certificate: A
Private Pool

AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Design Features

glass balconieswood paneling accentsrooftop solar panelsintegrated landscaping

Score Breakdown

ROI
19.75
Visual Appeal
15
Ownership Security
13
Location
7.8
Land & Space
4.96
Rental Demand
5.29
Payback Speed
3
STR Suitability
3

Description

THE SHIPYARD - Luxury apartment, under construction, part of a well-designed and harmoniously integrated project in the heart of Faro city, with a rooftop pool. Located on the 3rd floor, facing North/South, with excellent natural light, this 3-bedroom apartment comprises a living room of 33 m2, 1 en-suite bedroom (18.

Location

📍 37.0221°N, 7.9375°W

· Faro, Algarve, Portugal

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Idealista.pt
Faro / Eastern Algarve

T3 flat in Rua Ascensao Guimaraes, 2, Alto Rodes, Faro

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

Grade B+ investment — short-term rental yields 6.5% net return annually.

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The Investment

Brixfox Score72
GradeB+
Brixfox Intelligence
72B+Strong
Score Breakdown
ROI & Yield79%
Capital Growth76%
Risk Profile73%
Market Demand72%

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
+10.3%
Per Year (5yr avg)
Annualized projected property value change based on historical area appreciation rates (5-year average).
Capital Growth
+3.8%
+$116K in 5yr (+19%)
Estimated monthly net income after deducting management fees, operating costs, and taxes.
ROI Nett Rental Income
6.5%
$3,671/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
15.3 yr
Rental only

Property details

Year built: 2026
Energy: A
Condition: new-build

Description

THE SHIPYARD - Luxury apartment, under construction, part of a well-designed and harmoniously integrated project in the heart of Faro city, with a rooftop pool. Located on the 3rd floor, facing North/South, with excellent natural light, this 3-bedroom apartment comprises a living room of 33 m2, 1 en-suite bedroom (18.

Income Breakdown

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Nightly Rate (ADR)
$451/night
50% ($207)Brixfox estimate($451/night)200% ($829)
Occupancy
53%
10%Brixfox estimate(53%)100%

Short-Term Rental

Yearly income
$44,046
Airbnb data$451/night · 53% occupancy
Rental income
$451/night · 53% occ.
$86,971
Running costs (20%)
Utilities, cleaning, maintenance
-$17,394
Income tax (10%)
Indonesian rental income tax
-$24,352
Property tax
Annual property tax
-$1,178
Net income
6.5% ROI
$44,046

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$673,370
IMT (transfer tax, investment schedule)$40,641
Imposto de Selo (stamp duty)$5,387
Notary & registration$1,359
Legal / due diligence$10,101
Total acquisition costs$57,488
RenovationMove-in ready
Furnishing & STR launch
3bd × $8,696 base + appliances, electronics, outdoor, licence, photography, linens.		$55,761
All-in investment$786,618

Gross yield (asking)

12.9%

True gross yield (all-in)

11.1%

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.

$4.5M$3.4M$2.3M$1.1M$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Paid back2x ReturnToday: $620K
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
$754K
+22%
Rental Income
+$215K
Total Position
$969K
+56%
9.4%/yr
Year 10
Capital Value
$917K
+48%
Rental Income
+$465K
Total Position
$1.4M
+123%
8.4%/yr
Year 20
Capital Value
$1.4M
+119%
Rental Income
+$1.1M
Total Position
$2.4M
+295%
7.1%/yr
Year 30
Capital Value
$2.0M
+224%
Rental Income
+$1.9M
Total Position
$3.9M
+536%
6.4%/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
6.5% annual return
Occupancy
Average
53% average occupancy
Nightly Rate
Strong
$415 per night
Visual Appeal
Strong
8/10 instagrammability
Size & Space
Weak
0 m² land area
Zoning
Average
STR zoning not confirmed
Tenure
Strong
Freehold ownership

Top Highlights

Premium nightly rate of $415 — positioned in the top tier
Stunning visuals with 8/10 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 53% — 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

33% occ.
5.4%
$3,056/mo
43% occ.
7.2%
$4,016/mo
53% occ.
8.9%
$4,975/mo
current
63% occ.
10.6%
$5,935/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.