T3 flat in Rua Corina Freire, 11, Horta das Figuras - Lejana - Senhora da Saúde, Faro
T3 flat in Rua Corina Freire, 11, Horta das Figuras - Lejana - Senhora da Saúde, Faro — image 2T3 flat in Rua Corina Freire, 11, Horta das Figuras - Lejana - Senhora da Saúde, Faro — image 3T3 flat in Rua Corina Freire, 11, Horta das Figuras - Lejana - Senhora da Saúde, Faro — image 4T3 flat in Rua Corina Freire, 11, Horta das Figuras - Lejana - Senhora da Saúde, Faro — image 5
Grade B+apartmentmid-range

T3 flat in Rua Corina Freire, 11, Horta das Figuras - Lejana - Senhora da Saúde, Faro

Faro · Eastern Algarve ·

€635,000

Asking Price (EUR)

4.8%

True Net Yield (Owner, all-in)

3.3%

True Net Yield (Managed, all-in)

7.4%

True Gross Yield

53%

Occupancy

Projections — conservative (data maturing)

Our Airbnb calendar dataset started 1.4 months ago and is currently at 11% maturity. Yields shown apply a conservative calibration (realised-ADR factor 0.73, occupancy cap 66%) that auto-fades to full fidelity by April 2027.

Projected Gross Revenue: €52,979/yr
Average Daily Rate: €276
+13.0% vs area baselineImage quality 8/10 (+3%), Modern/contemporary style (+12%), No pool (-12%), Has view (+10%)
Payback Period: 14.6 years
5-yr Capital Value: €834,381
10-yr Capital Value: €1.0M
Brixfox Score: 68.8 / 100
Comparable Properties: 17
Data Confidence: 86%
Search Radius: 2 km

True Investment Cost

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

€719,155

+13.3% over asking

Asking price€635,000
IMT — Property transfer tax (investment schedule)€38,100
IS — Stamp duty (0.8%)€5,080
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€9,525
Total acquisition costs€53,955
Renovation€0 — move-in ready
Furnishing & STR launch (3bd × €4500 base, mid-range tier)
Furniture, appliances, electronics, linens, AL licence setup, launch photography.		€30,200
All-in investment (incl. renovation & furnishing)€719,155

Gross yield (asking price)

8.3%

True gross yield (all-in)

7.4%

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: 162 m²
Style: modern
Condition: new-build
Energy Certificate: A
View

AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Design Features

balcony-with-glass-railingsunset-view

Score Breakdown

ROI
18.32
Visual Appeal
13.2
Ownership Security
13
Location
7.8
Land & Space
5.24
Rental Demand
5.26
Payback Speed
3
STR Suitability
3

Description

Spacious T3 apartment with large balconies, open view, and rooftop pool – Faro This elegant T3 apartment is located in one of the newest and most valued residential areas of Faro, on Rua Corina Freire, just a few minutes from Forum Algarve, private hospital, supermarkets, restaurants, and main access roads. Housed in

Location

📍 37.0325°N, 7.9390°W

· Faro, Algarve, Portugal

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

T3 flat in Rua Corina Freire, 11, Horta das Figuras - Lejana - Senhora da Saúde, Faro

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

Grade B+ investment — short-term rental yields 5.7% net return annually.

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The Investment

Brixfox Score69
GradeB+
Brixfox Intelligence
69B+Strong
Score Breakdown
ROI & Yield76%
Capital Growth72%
Risk Profile71%
Market Demand69%

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
+9.5%
Per Year (5yr avg)
Annualized projected property value change based on historical area appreciation rates (5-year average).
Capital Growth
+3.8%
+$119K in 5yr (+19%)
Estimated monthly net income after deducting management fees, operating costs, and taxes.
ROI Nett Rental Income
5.7%
$3,300/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
17.4 yr
Rental only

Property details

Energy: A
Condition: new-build

Description

Spacious T3 apartment with large balconies, open view, and rooftop pool – Faro This elegant T3 apartment is located in one of the newest and most valued residential areas of Faro, on Rua Corina Freire, just a few minutes from Forum Algarve, private hospital, supermarkets, restaurants, and main access roads. Housed in

Income Breakdown

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Nightly Rate (ADR)
$408/night
50% ($188)Brixfox estimate($408/night)200% ($751)
Occupancy
53%
10%Brixfox estimate(53%)100%

Short-Term Rental

Yearly income
$39,600
Airbnb data$408/night · 53% occupancy
Rental income
$408/night · 53% occ.
$78,477
Running costs (20%)
Utilities, cleaning, maintenance
-$15,695
Income tax (10%)
Indonesian rental income tax
-$21,974
Property tax
Annual property tax
-$1,208
Net income
5.7% ROI
$39,600

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$690,217
IMT (transfer tax, investment schedule)$41,413
Imposto de Selo (stamp duty)$5,522
Notary & registration$1,359
Legal / due diligence$10,353
Total acquisition costs$58,647
RenovationMove-in ready
Furnishing & STR launch
3bd × $4,891 base + appliances, electronics, outdoor, licence, photography, linens.		$32,826
All-in investment$781,690

Gross yield (asking)

11.4%

True gross yield (all-in)

10.0%

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.

$4.4M$3.3M$2.2M$1.1M$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Paid back2x ReturnToday: $635K
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 15: rental income alone has repaid the full purchase price.
2x return
Year 9: total gains (capital + rental) have doubled your initial investment.
Year 5
Capital Value
$773K
+22%
Rental Income
+$193K
Total Position
$966K
+52%
8.8%/yr
Year 10
Capital Value
$940K
+48%
Rental Income
+$418K
Total Position
$1.4M
+114%
7.9%/yr
Year 20
Capital Value
$1.4M
+119%
Rental Income
+$979K
Total Position
$2.4M
+273%
6.8%/yr
Year 30
Capital Value
$2.1M
+224%
Rental Income
+$1.7M
Total Position
$3.8M
+497%
6.1%/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
5.7% annual return
Occupancy
Average
53% average occupancy
Nightly Rate
Strong
$376 per night
Visual Appeal
Strong
8/10 instagrammability
Size & Space
Weak
0 m² land area
Zoning
Average
STR zoning not confirmed
Tenure
Strong
Freehold ownership

Top Highlights

Premium nightly rate of $376 — positioned in the top tier
Stunning visuals with 8/10 instagrammability — commands premium nightly rates
Freehold ownership — maximum long-term security

Watch Out

Secondary location — rental demand may be lower than premium areas
Occupancy at 53% — 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

33% occ.
4.8%
$2,738/mo
43% occ.
6.3%
$3,608/mo
53% occ.
7.8%
$4,477/mo
current
63% occ.
9.3%
$5,347/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.