T3 flat in Rua Serpa Pinto, 22, Centro, Faro
T3 flat in Rua Serpa Pinto, 22, Centro, Faro — image 2T3 flat in Rua Serpa Pinto, 22, Centro, Faro — image 3T3 flat in Rua Serpa Pinto, 22, Centro, Faro — image 4T3 flat in Rua Serpa Pinto, 22, Centro, Faro — image 5
Grade Bapartmentmid-range

T3 flat in Rua Serpa Pinto, 22, Centro, Faro

Faro · Eastern Algarve ·

€399,000

Asking Price (EUR)

4.4%

True Net Yield (Owner, all-in)

3.1%

True Net Yield (Managed, all-in)

6.8%

True Gross Yield

51%

Occupancy

Projections — conservative (data maturing)

Our Airbnb calendar dataset started 1.9 months ago and is currently at 16% 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: €31,912/yr
Average Daily Rate: €172
-30.0% vs area baselineImage quality 6/10 (-3%), Dated style (-15%), No pool (-12%)
Payback Period: 15.5 years
5-yr Capital Value: €524,280
10-yr Capital Value: €637,867
Brixfox Score: 63.2 / 100
Comparable Properties: 23
Data Confidence: 98%
Search Radius: 2 km

True Investment Cost

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

€466,032

+16.8% over asking

Asking price€399,000
IMT — Property transfer tax (investment schedule)€19,750
IS — Stamp duty (0.8%)€3,192
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€5,985
Total acquisition costs€30,177
Renovation (est. €55/m² × 121 m²)
Light touch-ups — paint, fixtures, deep clean.		€6,655
(€3,630–€9,680)
Furnishing & STR launch (3bd × €4500 base, mid-range tier)
Furniture, appliances, electronics, linens, AL licence setup, launch photography.		€30,200
All-in investment (incl. renovation & furnishing)€466,032

Gross yield (asking price)

8.0%

True gross yield (all-in)

6.8%

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: 3
Bathrooms: 2
Building: 121 m²
Style: dated
Condition: good
Year Built: 1994
Energy Certificate: D

AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Design Features

large outdoor patiofloor-to-ceiling glass doors

Score Breakdown

ROI
17.69
Visual Appeal
9.2
Ownership Security
13
Location
7.8
Land & Space
4.42
Rental Demand
5.08
Payback Speed
3
STR Suitability
3

Description

Discover this fantastic 3-bedroom apartment with 103m² of living space, ideally located in the heart of Faro. Situated in a building with an elevator, this property offers the perfect balance between comfort, location and potential. Features: - 3 spacious bedrooms (2 with built-in wardrobes) - 2 full bathrooms - Fu

Location

📍 37.0189°N, 7.9353°W

· Faro, Algarve, Portugal

View on Century21 Realty Art 3 →Also on Idealista.pt
Idealista.pt
Faro / Eastern Algarve

T3 flat in Rua Serpa Pinto, 22, Centro, Faro

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

Grade B investment — short-term rental yields 5.4% net return annually.

Go to Source via Idealista.pt

The Investment

Brixfox Score63
GradeB
Brixfox Intelligence
63BStrong
Score Breakdown
ROI & Yield69%
Capital Growth66%
Risk Profile65%
Market Demand63%

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
+9.1%
Per Year (5yr avg)
Annualized projected property value change based on historical area appreciation rates (5-year average).
Capital Growth
+3.8%
+$75K in 5yr (+19%)
Estimated monthly net income after deducting management fees, operating costs, and taxes.
ROI Nett Rental Income
5.4%
$1,946/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
18.6 yr
Rental only

Property details

Year built: 1994
Energy: D
Condition: good

Description

Discover this fantastic 3-bedroom apartment with 103m² of living space, ideally located in the heart of Faro. Situated in a building with an elevator, this property offers the perfect balance between comfort, location and potential. Features: - 3 spacious bedrooms (2 with built-in wardrobes) - 2 full bathrooms - Fu

Income Breakdown

Adjust Forecast

Customize your projections
Nightly Rate (ADR)
$250/night
50% ($115)Brixfox estimate($250/night)200% ($460)
Occupancy
51%
10%Brixfox estimate(51%)100%

Short-Term Rental

Yearly income
$23,352
Airbnb data$250/night · 51% occupancy
Rental income
$250/night · 51% occ.
$46,366
Running costs (20%)
Utilities, cleaning, maintenance
-$9,273
Income tax (10%)
Indonesian rental income tax
-$12,983
Property tax
Annual property tax
-$759
Net income
5.4% ROI
$23,352

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$433,696
IMT (transfer tax, investment schedule)$21,467
Imposto de Selo (stamp duty)$3,470
Notary & registration$1,359
Legal / due diligence$6,505
Total acquisition costs$32,801
Renovation (~$60/m²)
Light touch-ups — paint, fixtures, deep clean.		$7,234
($3,946–$10,522)
Furnishing & STR launch
3bd × $4,891 base + appliances, electronics, outdoor, licence, photography, linens.		$32,826
All-in investment$506,557

Gross yield (asking)

10.7%

True gross yield (all-in)

9.2%

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.

$2.7M$2.0M$1.3M$666K$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Paid back2x ReturnToday: $399K
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
$485K
+22%
Rental Income
+$114K
Total Position
$600K
+50%
8.5%/yr
Year 10
Capital Value
$591K
+48%
Rental Income
+$246K
Total Position
$837K
+110%
7.7%/yr
Year 20
Capital Value
$874K
+119%
Rental Income
+$577K
Total Position
$1.5M
+264%
6.7%/yr
Year 30
Capital Value
$1.3M
+224%
Rental Income
+$1.0M
Total Position
$2.3M
+481%
6.0%/yr

Location

Faro

Eastern Algarve, Approximate area

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Villa Scorecard

Location
Average
Emerging or secondary location
Rental Yield
Good
5.4% annual return
Occupancy
Average
51% average occupancy
Nightly Rate
Strong
$230 per night
Visual Appeal
Average
4/10 instagrammability
Size & Space
Weak
0 m² land area
Zoning
Average
STR zoning not confirmed
Tenure
Strong
Freehold ownership

Top Highlights

Premium nightly rate of $230 — 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 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.
4.4%
$1,576/mo
41% occ.
5.8%
$2,109/mo
51% occ.
7.3%
$2,642/mo
current
61% occ.
8.8%
$3,174/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.