T2 flat in Rua Filipe Ferrer, 11, Penha - Vale da Amoreira, Faro
T2 flat in Rua Filipe Ferrer, 11, Penha - Vale da Amoreira, Faro — image 2T2 flat in Rua Filipe Ferrer, 11, Penha - Vale da Amoreira, Faro — image 3T2 flat in Rua Filipe Ferrer, 11, Penha - Vale da Amoreira, Faro — image 4T2 flat in Rua Filipe Ferrer, 11, Penha - Vale da Amoreira, Faro — image 5
Grade Bapartmentmid-range

T2 flat in Rua Filipe Ferrer, 11, Penha - Vale da Amoreira, Faro

Faro · Eastern Algarve ·

€345,000

Asking Price (EUR)

4.2%

True Net Yield (Owner, all-in)

2.9%

True Net Yield (Managed, all-in)

6.5%

True Gross Yield

48%

Occupancy

Projections — conservative (data maturing)

Our Airbnb calendar dataset started 2.1 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: €26,034/yr
Average Daily Rate: €147
-20.0% vs area baselineImage quality 6/10 (-3%), Dated style (-15%), No pool (-12%), Has view (+10%)
Payback Period: 16.6 years
5-yr Capital Value: €453,325
10-yr Capital Value: €551,539
Brixfox Score: 61.5 / 100
Comparable Properties: 76
Data Confidence: 92%
Search Radius: 2 km

True Investment Cost

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

€399,965

+15.9% over asking

Asking price€345,000
IMT — Property transfer tax (investment schedule)€15,430
IS — Stamp duty (0.8%)€2,760
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€5,175
Total acquisition costs€24,615
Renovation (est. €55/m² × 100 m²)
Light touch-ups — paint, fixtures, deep clean.		€5,500
(€3,000–€8,000)
Furnishing & STR launch (2bd × €4500 base, mid-range tier)
Furniture, appliances, electronics, linens, AL licence setup, launch photography.		€24,850
All-in investment (incl. renovation & furnishing)€399,965

Gross yield (asking price)

7.5%

True gross yield (all-in)

6.5%

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: 2
Bathrooms: 1
Building: 100 m²
Style: dated
Condition: good
Energy Certificate: In process
View

AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Score Breakdown

ROI
17.07
Visual Appeal
9.8
Ownership Security
13
Location
7.8
Land & Space
4
Rental Demand
4.85
Payback Speed
2
STR Suitability
3

Description

Excellent 2-bedroom apartment with sea view. The apartment combines bright environments, modern lines and a welcoming touch, ideal for families or those looking for a comfortable space near the beach. Property with a recently renovated kitchen with modern materials and extremely good taste. It also has a spacious pan

Location

📍 37.0293°N, 7.9307°W

· Faro, Algarve, Portugal

View on Idealista.pt
Idealista.pt
Faro / Eastern Algarve

T2 flat in Rua Filipe Ferrer, 11, Penha - Vale da Amoreira, Faro

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

Grade B investment — short-term rental yields 5.0% net return annually.

Go to Source via Idealista.pt

The Investment

Brixfox Score62
GradeB
Brixfox Intelligence
62BStrong
Score Breakdown
ROI & Yield68%
Capital Growth65%
Risk Profile64%
Market Demand62%

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%
+$65K in 5yr (+19%)
Estimated monthly net income after deducting management fees, operating costs, and taxes.
ROI Nett Rental Income
5.0%
$1,576/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
19.8 yr
Rental only

Property details

Energy: In process
Condition: good

Description

Excellent 2-bedroom apartment with sea view. The apartment combines bright environments, modern lines and a welcoming touch, ideal for families or those looking for a comfortable space near the beach. Property with a recently renovated kitchen with modern materials and extremely good taste. It also has a spacious pan

Income Breakdown

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Nightly Rate (ADR)
$213/night
50% ($98)Brixfox estimate($213/night)200% ($392)
Occupancy
48%
10%Brixfox estimate(48%)100%

Short-Term Rental

Yearly income
$18,913
Airbnb data$213/night · 48% occupancy
Rental income
$213/night · 48% occ.
$37,634
Running costs (20%)
Utilities, cleaning, maintenance
-$7,527
Income tax (10%)
Indonesian rental income tax
-$10,537
Property tax
Annual property tax
-$656
Net income
5.0% ROI
$18,913

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$375,000
IMT (transfer tax, investment schedule)$16,772
Imposto de Selo (stamp duty)$3,000
Notary & registration$1,359
Legal / due diligence$5,625
Total acquisition costs$26,755
Renovation (~$60/m²)
Light touch-ups — paint, fixtures, deep clean.		$5,978
($3,261–$8,696)
Furnishing & STR launch
2bd × $4,891 base + appliances, electronics, outdoor, licence, photography, linens.		$27,011
All-in investment$434,745

Gross yield (asking)

10.0%

True gross yield (all-in)

8.7%

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.

$2.2M$1.7M$1.1M$560K$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Paid back2x ReturnToday: $345K
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
$420K
+22%
Rental Income
+$92K
Total Position
$512K
+48%
8.2%/yr
Year 10
Capital Value
$511K
+48%
Rental Income
+$199K
Total Position
$710K
+106%
7.5%/yr
Year 20
Capital Value
$756K
+119%
Rental Income
+$468K
Total Position
$1.2M
+255%
6.5%/yr
Year 30
Capital Value
$1.1M
+224%
Rental Income
+$828K
Total Position
$1.9M
+464%
5.9%/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
Good
5.0% annual return
Occupancy
Average
48% average occupancy
Nightly Rate
Good
$196 per night
Visual Appeal
Average
5/10 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
Occupancy at 48% — 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.
4.2%
$1,305/mo
40% occ.
5.6%
$1,758/mo
48% occ.
6.8%
$2,141/mo
current
58% occ.
8.3%
$2,594/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.