Duplex in Centro, Faro
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Grade B+apartmentluxury

Duplex in Centro, Faro

Faro · Eastern Algarve ·

€1.1M

Asking Price (EUR)

3.1%

True Net Yield (Owner, all-in)

2.1%

True Net Yield (Managed, all-in)

4.7%

True Gross Yield

52%

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: €62,424/yr
Average Daily Rate: €328
+33.0% vs area baselineImage quality 8/10 (+3%), Modern/contemporary style (+12%), Has pool (0%), Has view (+10%), Luxury finish (+8%)
Payback Period: 22.9 years
5-yr Capital Value: €1.5M
10-yr Capital Value: €1.8M
Brixfox Score: 65.3 / 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.

€1.3M

+14.4% over asking

Asking price€1.1M
IMT — Property transfer tax (investment schedule)€86,250
IS — Stamp duty (0.8%)€9,200
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€17,250
Total acquisition costs€113,950
Renovation€0 — move-in ready
Furnishing & STR launch (3bd × €8000 base, luxury tier)
Furniture, appliances, electronics, linens, AL licence setup, launch photography.		€51,300
All-in investment (incl. renovation & furnishing)€1.3M

Gross yield (asking price)

5.4%

True gross yield (all-in)

4.7%

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: 3
Building: 274 m²
Style: contemporary
Condition: excellent
Year Built: 2025
Energy Certificate: A
Private Pool
View

AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Design Features

rooftop terraceoutdoor dining areajacuzzi/small poolcityscape view

Score Breakdown

ROI
14.5
Visual Appeal
14.8
Ownership Security
13
Location
7.8
Land & Space
6
Rental Demand
5.22
Payback Speed
1
STR Suitability
3

Description

Contemporary-style 3-bedroom penthouse with exclusive lift access, located in the prestigious Terra X private condominium, just a few minutes from Faro docks. The centrepiece of this property is the large terrace with panoramic views, featuring a private swimming pool - the ideal place to enjoy the natural surrounding

Location

📍 37.0211°N, 7.9377°W

· Faro, Algarve, Portugal

View on LUXIMOS Christie’s International Real Estate →Also on Idealista.pt
Idealista.pt
Faro / Eastern Algarve

Duplex in Centro, Faro

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

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

Go to Source via Idealista.pt

The Investment

Brixfox Score65
GradeB+
Brixfox Intelligence
65B+Strong
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
+7.3%
Per Year (5yr avg)
Annualized projected property value change based on historical area appreciation rates (5-year average).
Capital Growth
+3.8%
+$216K in 5yr (+19%)
Estimated monthly net income after deducting management fees, operating costs, and taxes.
ROI Nett Rental Income
3.6%
$3,745/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
27.8 yr
Rental only

Property details

Year built: 2025
Energy: A
Condition: excellent

Description

Contemporary-style 3-bedroom penthouse with exclusive lift access, located in the prestigious Terra X private condominium, just a few minutes from Faro docks. The centrepiece of this property is the large terrace with panoramic views, featuring a private swimming pool - the ideal place to enjoy the natural surrounding

Income Breakdown

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Nightly Rate (ADR)
$476/night
50% ($219)Brixfox estimate($476/night)200% ($876)
Occupancy
52%
10%Brixfox estimate(52%)100%

Short-Term Rental

Yearly income
$44,945
Airbnb data$476/night · 52% occupancy
Rental income
$476/night · 52% occ.
$90,639
Running costs (20%)
Utilities, cleaning, maintenance
-$18,128
Income tax (10%)
Indonesian rental income tax
-$25,379
Property tax
Annual property tax
-$2,188
Net income
3.6% ROI
$44,945

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$1,250,000
IMT (transfer tax, investment schedule)$93,750
Imposto de Selo (stamp duty)$10,000
Notary & registration$1,359
Legal / due diligence$18,750
Total acquisition costs$123,859
RenovationMove-in ready
Furnishing & STR launch
3bd × $8,696 base + appliances, electronics, outdoor, licence, photography, linens.		$55,761
All-in investment$1,429,620

Gross yield (asking)

7.3%

True gross yield (all-in)

6.3%

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.

$6.6M$4.9M$3.3M$1.6M$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Paid back2x ReturnToday: $1.1M
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 12: total gains (capital + rental) have doubled your initial investment.
Year 5
Capital Value
$1.4M
+22%
Rental Income
+$220K
Total Position
$1.6M
+41%
7.1%/yr
Year 10
Capital Value
$1.7M
+48%
Rental Income
+$474K
Total Position
$2.2M
+89%
6.6%/yr
Year 20
Capital Value
$2.5M
+119%
Rental Income
+$1.1M
Total Position
$3.6M
+216%
5.9%/yr
Year 30
Capital Value
$3.7M
+224%
Rental Income
+$2.0M
Total Position
$5.7M
+395%
5.5%/yr

Location

Faro

Eastern Algarve, Approximate area

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Villa Scorecard

Location
Average
Emerging or secondary location
Rental Yield
Average
3.6% annual return
Occupancy
Average
52% average occupancy
Nightly Rate
Strong
$438 per night
Visual Appeal
Strong
9/10 instagrammability
Size & Space
Weak
0 m² land area
Zoning
Average
STR zoning not confirmed
Tenure
Strong
Freehold ownership

Top Highlights

Premium nightly rate of $438 — positioned in the top tier
Stunning visuals with 9/10 instagrammability — commands premium nightly rates
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

32% occ.
3.0%
$3,078/mo
42% occ.
3.9%
$4,092/mo
52% occ.
4.9%
$5,105/mo
current
62% occ.
5.9%
$6,118/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.