Penthouse in Centro, Faro
Penthouse in Centro, Faro — image 2Penthouse in Centro, Faro — image 3Penthouse in Centro, Faro — image 4Penthouse in Centro, Faro — image 5
Grade Bapartmentmid-range

Penthouse in Centro, Faro

Faro · Eastern Algarve ·

€675,000

Asking Price (EUR)

4.4%

True Net Yield (Owner, all-in)

3.0%

True Net Yield (Managed, all-in)

6.8%

True Gross Yield

40%

Occupancy

Projections — conservative (data maturing)

Our Airbnb calendar dataset started 2 months ago and is currently at 17% 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: €53,405/yr
Average Daily Rate: €369
-20.0% vs area baselineImage quality 6/10 (-3%), Dated style (-15%), No pool (-12%), Has view (+10%)
Payback Period: 15.8 years
5-yr Capital Value: €886,940
10-yr Capital Value: €1.1M
Brixfox Score: 64.5 / 100
Comparable Properties: 6
Data Confidence: 74%
Search Radius: 6 km

True Investment Cost

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

€789,125

+16.9% over asking

Asking price€675,000
IMT — Property transfer tax (investment schedule)€40,500
IS — Stamp duty (0.8%)€5,400
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€10,125
Total acquisition costs€57,275
Renovation (est. €55/m² × 290 m²)
Light touch-ups — paint, fixtures, deep clean.		€15,950
(€8,700–€23,200)
Furnishing & STR launch (5bd × €4500 base, mid-range tier)
Furniture, appliances, electronics, linens, AL licence setup, launch photography.		€40,900
All-in investment (incl. renovation & furnishing)€789,125

Gross yield (asking price)

7.9%

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: 5
Bathrooms: 3
Building: 290 m²
Style: dated
Condition: good
Energy Certificate: D
View

AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Design Features

wood-paneled-ceilinglarge-sliding-glass-doors

Score Breakdown

ROI
17.53
Visual Appeal
10.2
Ownership Security
13
Location
7.8
Land & Space
6
Rental Demand
3.96
Payback Speed
3
STR Suitability
3

Description

Fantastic apartment T4 +1 (6 rooms) with 245m2 of living space, located in the center of Faro, very bright and with an open and superb view over the Ria Formosa. The property has a balanced distribution and generous areas in all divisions. The east/south oriented room has direct access to different outdoor spaces and

Location

📍 37.0193°N, 7.9292°W

· Faro, Algarve, Portugal

View on Century 21 Nações →Also on Idealista.pt
Idealista.pt
Faro / Eastern Algarve

Penthouse in Centro, Faro

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

Grade B investment — short-term rental yields 5.3% net return annually.

Go to Source via Idealista.pt

The Investment

Brixfox Score65
GradeB
Brixfox Intelligence
65BStrong
Score Breakdown
ROI & Yield72%
Capital Growth68%
Risk Profile67%
Market Demand65%

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%
+$127K in 5yr (+19%)
Estimated monthly net income after deducting management fees, operating costs, and taxes.
ROI Nett Rental Income
5.3%
$3,242/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
18.9 yr
Rental only

Property details

Energy: D
Condition: good

Description

Fantastic apartment T4 +1 (6 rooms) with 245m2 of living space, located in the center of Faro, very bright and with an open and superb view over the Ria Formosa. The property has a balanced distribution and generous areas in all divisions. The east/south oriented room has direct access to different outdoor spaces and

Income Breakdown

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Nightly Rate (ADR)
$534/night
50% ($246)Brixfox estimate($534/night)200% ($983)
Occupancy
40%
10%Brixfox estimate(40%)100%

Short-Term Rental

Yearly income
$38,902
Airbnb data$534/night · 40% occupancy
Rental income
$534/night · 40% occ.
$77,280
Running costs (20%)
Utilities, cleaning, maintenance
-$15,456
Income tax (10%)
Indonesian rental income tax
-$21,639
Property tax
Annual property tax
-$1,284
Net income
5.3% ROI
$38,902

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$733,696
IMT (transfer tax, investment schedule)$44,022
Imposto de Selo (stamp duty)$5,870
Notary & registration$1,359
Legal / due diligence$11,005
Total acquisition costs$62,255
Renovation (~$60/m²)
Light touch-ups — paint, fixtures, deep clean.		$17,337
($9,457–$25,217)
Furnishing & STR launch
5bd × $4,891 base + appliances, electronics, outdoor, licence, photography, linens.		$44,457
All-in investment$857,745

Gross yield (asking)

10.5%

True gross yield (all-in)

9.0%

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.

$4.5M$3.4M$2.2M$1.1M$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Paid back2x ReturnToday: $675K
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
$821K
+22%
Rental Income
+$190K
Total Position
$1.0M
+50%
8.4%/yr
Year 10
Capital Value
$999K
+48%
Rental Income
+$410K
Total Position
$1.4M
+109%
7.6%/yr
Year 20
Capital Value
$1.5M
+119%
Rental Income
+$962K
Total Position
$2.4M
+262%
6.6%/yr
Year 30
Capital Value
$2.2M
+224%
Rental Income
+$1.7M
Total Position
$3.9M
+477%
6.0%/yr

Location

Faro

Eastern Algarve, Approximate area

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Villa Scorecard

Location
Average
Emerging or secondary location
Rental Yield
Good
5.3% annual return
Occupancy
Weak
40% average occupancy
Nightly Rate
Strong
$492 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 $492 — 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 40% — 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.
5.4%
$3,306/mo
40% occ.
7.3%
$4,443/mo
current
40% occ.
7.2%
$4,401/mo
current
50% occ.
9.1%
$5,539/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.