T3 flat in Rua Miguel Bombarda, Alto Rodes, Faro
T3 flat in Rua Miguel Bombarda, Alto Rodes, Faro — image 2T3 flat in Rua Miguel Bombarda, Alto Rodes, Faro — image 3T3 flat in Rua Miguel Bombarda, Alto Rodes, Faro — image 4T3 flat in Rua Miguel Bombarda, Alto Rodes, Faro — image 5
Grade Bapartmentbudget

T3 flat in Rua Miguel Bombarda, Alto Rodes, Faro

Faro · Eastern Algarve ·

€385,000

Asking Price (EUR)

3.4%

True Net Yield (Owner, all-in)

2.3%

True Net Yield (Managed, all-in)

5.2%

True Gross Yield

50%

Occupancy

Projections — conservative (data maturing)

Our Airbnb calendar dataset started 1.6 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: €28,856/yr
Average Daily Rate: €158
-35.0% vs area baselineImage quality 5/10 (-6%), Dated style (-15%), No pool (-12%), Has view (+10%), Budget finish (-12%)
Payback Period: 16.4 years
5-yr Capital Value: €505,884
10-yr Capital Value: €615,486
Brixfox Score: 59.4 / 100
Comparable Properties: 23
Data Confidence: 96%
Search Radius: 2 km

True Investment Cost

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

€553,635

+43.8% over asking

Asking price€385,000
IMT — Property transfer tax (investment schedule)€18,630
IS — Stamp duty (0.8%)€3,080
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€5,775
Total acquisition costs€28,735
Renovation (est. €900/m² × 133 m²)
Substantial renovation — full bathrooms + kitchen, rewiring, plumbing, finishes.		€119,700
(€93,100–€146,300)
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)€553,635

Gross yield (asking price)

7.5%

True gross yield (all-in)

5.2%

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: 133 m²
Style: dated
Condition: needs-renovation
Year Built: 2001
Energy Certificate: C
View

AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Design Features

rooftop-accesssea-view

Score Breakdown

ROI
17.16
Visual Appeal
6.8
Ownership Security
13
Location
7.8
Land & Space
4.66
Rental Demand
4.99
Payback Speed
2
STR Suitability
3

Description

T3 in Faro, with 133 m2 and a large terrace in need of some work. Living room with 27.68m2, with access to a large terrace with fabulous views of the Ria. More or less square kitchen with access to a balcony. 3 bedrooms - 1 en suite with 17.50m2 with access to a balcony, another with 11.05m5 and another with 18m2. T

Location

📍 37.0211°N, 7.9389°W

· Faro, Algarve, Portugal

View on Chave Nova Massamá →Also on Idealista.pt
Idealista.pt
Faro / Eastern Algarve

T3 flat in Rua Miguel Bombarda, Alto Rodes, Faro

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

Grade B investment — short-term rental yields 5.1% net return annually.

Go to Source via Idealista.pt

The Investment

Brixfox Score59
GradeB
Brixfox Intelligence
59BStrong
Score Breakdown
ROI & Yield65%
Capital Growth62%
Risk Profile61%
Market Demand59%

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
+8.8%
Per Year (5yr avg)
Annualized projected property value change based on historical area appreciation rates (5-year average).
Capital Growth
+3.8%
+$72K in 5yr (+19%)
Estimated monthly net income after deducting management fees, operating costs, and taxes.
ROI Nett Rental Income
5.1%
$1,776/mo
Estimated time for the total investment value (equity + accumulated rent) to double.
100% Profit
11 yr
Combined
Number of years to fully recoup the initial purchase price using only net rental income.
Payback
19.6 yr
Rental only

Property details

Year built: 2001
Energy: C
Condition: needs-renovation

Description

T3 in Faro, with 133 m2 and a large terrace in need of some work. Living room with 27.68m2, with access to a large terrace with fabulous views of the Ria. More or less square kitchen with access to a balcony. 3 bedrooms - 1 en suite with 17.50m2 with access to a balcony, another with 11.05m5 and another with 18m2. T

Income Breakdown

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Nightly Rate (ADR)
$233/night
50% ($107)Brixfox estimate($233/night)200% ($428)
Occupancy
50%
10%Brixfox estimate(50%)100%

Short-Term Rental

Yearly income
$21,311
Airbnb data$233/night · 50% occupancy
Rental income
$233/night · 50% occ.
$42,391
Running costs (20%)
Utilities, cleaning, maintenance
-$8,478
Income tax (10%)
Indonesian rental income tax
-$11,870
Property tax
Annual property tax
-$732
Net income
5.1% ROI
$21,311

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$418,478
IMT (transfer tax, investment schedule)$20,250
Imposto de Selo (stamp duty)$3,348
Notary & registration$1,359
Legal / due diligence$6,277
Total acquisition costs$31,234
Renovation (~$978/m²)
Substantial renovation — full bathrooms + kitchen, rewiring, plumbing, finishes.		$130,109
($101,196–$159,022)
Furnishing & STR launch
3bd × $2,717 base + appliances, electronics, outdoor, licence, photography, linens.		$21,957
All-in investment$601,777

Gross yield (asking)

10.1%

True gross yield (all-in)

7.0%

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$1.3M$627K$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Paid back2x ReturnToday: $385K
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 16: 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
$468K
+22%
Rental Income
+$104K
Total Position
$573K
+49%
8.3%/yr
Year 10
Capital Value
$570K
+48%
Rental Income
+$225K
Total Position
$795K
+106%
7.5%/yr
Year 20
Capital Value
$844K
+119%
Rental Income
+$527K
Total Position
$1.4M
+256%
6.6%/yr
Year 30
Capital Value
$1.2M
+224%
Rental Income
+$933K
Total Position
$2.2M
+467%
6.0%/yr

Location

Faro

Eastern Algarve, Approximate area

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Villa Scorecard

Location
Average
Emerging or secondary location
Rental Yield
Good
5.1% annual return
Occupancy
Average
50% average occupancy
Nightly Rate
Strong
$214 per night
Visual Appeal
Weak
3/10 instagrammability
Size & Space
Weak
0 m² land area
Zoning
Average
STR zoning not confirmed
Tenure
Strong
Freehold ownership

Top Highlights

Premium nightly rate of $214 — 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 50% — 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.
4.1%
$1,426/mo
40% occ.
5.5%
$1,921/mo
50% occ.
6.9%
$2,412/mo
current
60% occ.
8.3%
$2,908/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.