T4 flat in Rua Jose Estevao, Nn, Centro, Faro
T4 flat in Rua Jose Estevao, Nn, Centro, Faro — image 2T4 flat in Rua Jose Estevao, Nn, Centro, Faro — image 3T4 flat in Rua Jose Estevao, Nn, Centro, Faro — image 4T4 flat in Rua Jose Estevao, Nn, Centro, Faro — image 5
Grade Bapartmentbudget

T4 flat in Rua Jose Estevao, Nn, Centro, Faro

Faro · Eastern Algarve ·

€325,000

Asking Price (EUR)

4.4%

True Net Yield (Owner, all-in)

3.1%

True Net Yield (Managed, all-in)

6.8%

True Gross Yield

38%

Occupancy

Projections — conservative (data maturing)

Our Airbnb calendar dataset started 1.5 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: €33,978/yr
Average Daily Rate: €242
-48.0% vs area baselineImage quality 4/10 (-9%), Dated style (-15%), No pool (-12%), Budget finish (-12%)
Payback Period: 11.7 years
5-yr Capital Value: €427,045
10-yr Capital Value: €519,566
Brixfox Score: 62.7 / 100
Comparable Properties: 5
Data Confidence: 75%
Search Radius: 4 km

True Investment Cost

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

€496,205

+52.7% over asking

Asking price€325,000
IMT — Property transfer tax (investment schedule)€13,830
IS — Stamp duty (0.8%)€2,600
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€4,875
Total acquisition costs€22,555
Renovation (est. €900/m² × 139 m²)
Substantial renovation — full bathrooms + kitchen, rewiring, plumbing, finishes.		€125,100
(€97,300–€152,900)
Furnishing & STR launch (4bd × €2500 base, budget tier)
Furniture, appliances, electronics, linens, AL licence setup, launch photography.		€23,550
All-in investment (incl. renovation & furnishing)€496,205

Gross yield (asking price)

10.4%

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: 4
Bathrooms: 2
Building: 139 m²
Style: dated
Condition: needs-renovation
Year Built: 1958
Energy Certificate: E

AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Design Features

ornate ceiling medallionparquet flooring

Score Breakdown

ROI
20.89
Visual Appeal
5.4
Ownership Security
13
Location
7.8
Land & Space
4.78
Rental Demand
3.84
Payback Speed
4
STR Suitability
3

Description

This T4 apartment, located in a consolidated urban area of Faro, presents a very balanced combination of area, typology, and price, making it particularly interesting from an investment perspective. With 132 m² of usable area and a functional layout, the property allows for various exploitation strategies: long-term re

Location

📍 37.0178°N, 7.9341°W

· Faro, Algarve, Portugal

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Idealista.pt
Faro / Eastern Algarve

T4 flat in Rua Jose Estevao, Nn, Centro, Faro

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

Grade B investment — short-term rental yields 7.2% net return annually.

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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
+10.9%
Per Year (5yr avg)
Annualized projected property value change based on historical area appreciation rates (5-year average).
Capital Growth
+3.8%
+$61K in 5yr (+19%)
Estimated monthly net income after deducting management fees, operating costs, and taxes.
ROI Nett Rental Income
7.2%
$2,116/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
13.9 yr
Rental only

Property details

Year built: 1958
Energy: E
Condition: needs-renovation

Description

This T4 apartment, located in a consolidated urban area of Faro, presents a very balanced combination of area, typology, and price, making it particularly interesting from an investment perspective. With 132 m² of usable area and a functional layout, the property allows for various exploitation strategies: long-term re

Income Breakdown

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Nightly Rate (ADR)
$357/night
50% ($164)Brixfox estimate($357/night)200% ($656)
Occupancy
38%
10%Brixfox estimate(38%)100%

Short-Term Rental

Yearly income
$25,392
Airbnb data$357/night · 38% occupancy
Rental income
$357/night · 38% occ.
$50,020
Running costs (20%)
Utilities, cleaning, maintenance
-$10,004
Income tax (10%)
Indonesian rental income tax
-$14,005
Property tax
Annual property tax
-$618
Net income
7.2% ROI
$25,392

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$353,261
IMT (transfer tax, investment schedule)$15,033
Imposto de Selo (stamp duty)$2,826
Notary & registration$1,359
Legal / due diligence$5,299
Total acquisition costs$24,516
Renovation (~$978/m²)
Substantial renovation — full bathrooms + kitchen, rewiring, plumbing, finishes.		$135,978
($105,761–$166,196)
Furnishing & STR launch
4bd × $2,717 base + appliances, electronics, outdoor, licence, photography, linens.		$25,598
All-in investment$539,353

Gross yield (asking)

14.2%

True gross yield (all-in)

9.3%

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.

$2.5M$1.9M$1.2M$623K$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Paid back2x ReturnToday: $325K
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 12: rental income alone has repaid the full purchase price.
2x return
Year 8: total gains (capital + rental) have doubled your initial investment.
Year 5
Capital Value
$395K
+22%
Rental Income
+$124K
Total Position
$519K
+60%
9.8%/yr
Year 10
Capital Value
$481K
+48%
Rental Income
+$268K
Total Position
$749K
+130%
8.7%/yr
Year 20
Capital Value
$712K
+119%
Rental Income
+$628K
Total Position
$1.3M
+312%
7.3%/yr
Year 30
Capital Value
$1.1M
+224%
Rental Income
+$1.1M
Total Position
$2.2M
+566%
6.5%/yr

Location

Faro

Eastern Algarve, Approximate area

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Villa Scorecard

Location
Average
Emerging or secondary location
Rental Yield
Good
7.2% annual return
Occupancy
Weak
38% average occupancy
Nightly Rate
Strong
$328 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

Premium nightly rate of $328 — 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 38% — 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.
7.6%
$2,227/mo
40% occ.
10.1%
$2,986/mo
38% occ.
9.7%
$2,866/mo
current
48% occ.
12.3%
$3,626/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.