T3 flat in Largo do Pé da Cruz, Centro, Faro
T3 flat in Largo do Pé da Cruz, Centro, Faro — image 2T3 flat in Largo do Pé da Cruz, Centro, Faro — image 3T3 flat in Largo do Pé da Cruz, Centro, Faro — image 4T3 flat in Largo do Pé da Cruz, Centro, Faro — image 5
Grade Bapartmentbudget

T3 flat in Largo do Pé da Cruz, Centro, Faro

Faro · Eastern Algarve ·

€420,000

Asking Price (EUR)

2.3%

True Net Yield (Owner, all-in)

1.6%

True Net Yield (Managed, all-in)

3.6%

True Gross Yield

49%

Occupancy

Projections — conservative (data maturing)

Our Airbnb calendar dataset started 2 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: €22,939/yr
Average Daily Rate: €127
-48.0% vs area baselineImage quality 4/10 (-9%), Dated style (-15%), No pool (-12%), Budget finish (-12%)
Payback Period: 22.8 years
5-yr Capital Value: €551,874
10-yr Capital Value: €671,439
Brixfox Score: 55.5 / 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.

€643,540

+53.2% over asking

Asking price€420,000
IMT — Property transfer tax (investment schedule)€21,430
IS — Stamp duty (0.8%)€3,360
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€6,300
Total acquisition costs€32,340
Renovation (est. €900/m² × 190 m²)
Substantial renovation — full bathrooms + kitchen, rewiring, plumbing, finishes.		€171,000
(€133,000–€209,000)
Furnishing & STR launch (3bd × €2500 base, budget tier)
Furniture, appliances, electronics, linens, AL licence setup, launch photography.		€20,200
All-in investment (incl. renovation & furnishing)€643,540

Gross yield (asking price)

5.5%

True gross yield (all-in)

3.6%

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: 190 m²
Style: dated
Condition: needs-renovation
Energy Certificate: C

AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Design Features

ornate mirrorpatterned carpetcrystal chandelier

Score Breakdown

ROI
14.53
Visual Appeal
5.4
Ownership Security
13
Location
7.8
Land & Space
5.8
Rental Demand
4.93
Payback Speed
1
STR Suitability
3

Description

3-bedroom apartment located in one of the most privileged areas of Faro, with excellent proximity to all essential services such as supermarkets, schools, pharmacies, restaurants and public transport. Located in a well-maintained building with two elevators, this property combines functionality and comfort in an excel

Location

📍 37.0141°N, 7.9280°W

· Faro, Algarve, Portugal

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Idealista.pt
Faro / Eastern Algarve

T3 flat in Largo do Pé da Cruz, Centro, Faro

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

Grade B investment — short-term rental yields 3.6% net return annually.

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The Investment

Brixfox Score56
GradeB
Brixfox Intelligence
56BStrong
Score Breakdown
ROI & Yield62%
Capital Growth59%
Risk Profile58%
Market Demand56%

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
+7.4%
Per Year (5yr avg)
Annualized projected property value change based on historical area appreciation rates (5-year average).
Capital Growth
+3.8%
+$79K in 5yr (+19%)
Estimated monthly net income after deducting management fees, operating costs, and taxes.
ROI Nett Rental Income
3.6%
$1,376/mo
Estimated time for the total investment value (equity + accumulated rent) to double.
100% Profit
12 yr
Combined
Number of years to fully recoup the initial purchase price using only net rental income.
Payback
27.7 yr
Rental only

Property details

Energy: C
Condition: needs-renovation

Description

3-bedroom apartment located in one of the most privileged areas of Faro, with excellent proximity to all essential services such as supermarkets, schools, pharmacies, restaurants and public transport. Located in a well-maintained building with two elevators, this property combines functionality and comfort in an excel

Income Breakdown

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Nightly Rate (ADR)
$185/night
50% ($85)Brixfox estimate($185/night)200% ($340)
Occupancy
49%
10%Brixfox estimate(49%)100%

Short-Term Rental

Yearly income
$16,509
Airbnb data$185/night · 49% occupancy
Rental income
$185/night · 49% occ.
$33,285
Running costs (20%)
Utilities, cleaning, maintenance
-$6,657
Income tax (10%)
Indonesian rental income tax
-$9,320
Property tax
Annual property tax
-$799
Net income
3.6% ROI
$16,509

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$456,522
IMT (transfer tax, investment schedule)$23,293
Imposto de Selo (stamp duty)$3,652
Notary & registration$1,359
Legal / due diligence$6,848
Total acquisition costs$35,152
Renovation (~$978/m²)
Substantial renovation — full bathrooms + kitchen, rewiring, plumbing, finishes.		$185,870
($144,565–$227,174)
Furnishing & STR launch
3bd × $2,717 base + appliances, electronics, outdoor, licence, photography, linens.		$21,957
All-in investment$699,500

Gross yield (asking)

7.3%

True gross yield (all-in)

4.8%

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.

$2.4M$1.8M$1.2M$599K$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Paid back2x ReturnToday: $420K
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 21: rental income alone has repaid the full purchase price.
2x return
Year 11: total gains (capital + rental) have doubled your initial investment.
Year 5
Capital Value
$511K
+22%
Rental Income
+$81K
Total Position
$592K
+41%
7.1%/yr
Year 10
Capital Value
$622K
+48%
Rental Income
+$174K
Total Position
$796K
+89%
6.6%/yr
Year 20
Capital Value
$920K
+119%
Rental Income
+$408K
Total Position
$1.3M
+216%
5.9%/yr
Year 30
Capital Value
$1.4M
+224%
Rental Income
+$723K
Total Position
$2.1M
+396%
5.5%/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
Average
3.6% annual return
Occupancy
Average
49% average occupancy
Nightly Rate
Good
$170 per night
Visual Appeal
Weak
2/10 instagrammability
Size & Space
Weak
0 m² land area
Zoning
Average
STR zoning not confirmed
Tenure
Strong
Freehold ownership

Top Highlights

Freehold ownership — maximum long-term security

Watch Out

Secondary location — rental demand may be lower than premium areas
Yield of 3.6% is near the market average — model your cashflow carefully

Consider carefully. Returns are below market average for this price point.

Risks & What-If

What if occupancy changes?

Owner Managed scenario

30% occ.
2.9%
$1,114/mo
40% occ.
4.0%
$1,507/mo
49% occ.
4.9%
$1,875/mo
current
59% occ.
6.0%
$2,268/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.