T2 flat in Avenida Heróis da Pátria, 4, Horta das Figuras - Lejana - Senhora da Saúde, Faro
T2 flat in Avenida Heróis da Pátria, 4, Horta das Figuras - Lejana - Senhora da Saúde, Faro — image 2T2 flat in Avenida Heróis da Pátria, 4, Horta das Figuras - Lejana - Senhora da Saúde, Faro — image 3T2 flat in Avenida Heróis da Pátria, 4, Horta das Figuras - Lejana - Senhora da Saúde, Faro — image 4T2 flat in Avenida Heróis da Pátria, 4, Horta das Figuras - Lejana - Senhora da Saúde, Faro — image 5
Grade Bapartmentmid-range

T2 flat in Avenida Heróis da Pátria, 4, Horta das Figuras - Lejana - Senhora da Saúde, Faro

Faro · Eastern Algarve ·

€420,000

Asking Price (EUR)

3.5%

True Net Yield (Owner, all-in)

2.4%

True Net Yield (Managed, all-in)

5.3%

True Gross Yield

49%

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: €25,680/yr
Average Daily Rate: €145
-20.0% vs area baselineImage quality 6/10 (-3%), Dated style (-15%), No pool (-12%), Has view (+10%)
Payback Period: 19.9 years
5-yr Capital Value: €551,874
10-yr Capital Value: €671,439
Brixfox Score: 60.1 / 100
Comparable Properties: 76
Data Confidence: 95%
Search Radius: 2 km

True Investment Cost

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

€483,075

+15.0% over asking

Asking price€420,000
IMT — Property transfer tax (investment schedule)€21,430
IS — Stamp duty (0.8%)€3,360
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€6,300
Total acquisition costs€32,340
Renovation (est. €55/m² × 107 m²)
Light touch-ups — paint, fixtures, deep clean.		€5,885
(€3,210–€8,560)
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)€483,075

Gross yield (asking price)

6.1%

True gross yield (all-in)

5.3%

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: 107 m²
Style: dated
Condition: good
Energy Certificate: B
View

AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Score Breakdown

ROI
15.5
Visual Appeal
9.8
Ownership Security
13
Location
7.8
Land & Space
4.14
Rental Demand
4.87
Payback Speed
2
STR Suitability
3

Description

Two-bedroom apartment with 107 sqm. Equipped bathroom and kitchen Two balconies. Great view over the city and part of the marsh. Recently renovated: Kitchen fully renovated (new kitchen counter and wooden cupboards) Bathroom fully renovated (with new equipment) All the walls recently repainted The outside of the b

Location

📍 37.0262°N, 7.9356°W

· Faro, Algarve, Portugal

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

T2 flat in Avenida Heróis da Pátria, 4, Horta das Figuras - Lejana - Senhora da Saúde, Faro

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

Grade B investment — short-term rental yields 4.2% net return annually.

Go to Source via Idealista.pt

The Investment

Brixfox Score60
GradeB
Brixfox Intelligence
60BStrong
Score Breakdown
ROI & Yield66%
Capital Growth63%
Risk Profile62%
Market Demand60%

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
+7.9%
Per Year (5yr avg)
Annualized projected property value change based on historical area appreciation rates (5-year average).
Capital Growth
+3.8%
+$79K in 5yr (+19%)
Estimated monthly net income after deducting management fees, operating costs, and taxes.
ROI Nett Rental Income
4.2%
$1,582/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
24.1 yr
Rental only

Property details

Energy: B
Condition: good

Description

Two-bedroom apartment with 107 sqm. Equipped bathroom and kitchen Two balconies. Great view over the city and part of the marsh. Recently renovated: Kitchen fully renovated (new kitchen counter and wooden cupboards) Bathroom fully renovated (with new equipment) All the walls recently repainted The outside of the b

Income Breakdown

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Nightly Rate (ADR)
$214/night
50% ($99)Brixfox estimate($214/night)200% ($394)
Occupancy
49%
10%Brixfox estimate(49%)100%

Short-Term Rental

Yearly income
$18,982
Airbnb data$214/night · 49% occupancy
Rental income
$214/night · 49% occ.
$38,040
Running costs (20%)
Utilities, cleaning, maintenance
-$7,608
Income tax (10%)
Indonesian rental income tax
-$10,651
Property tax
Annual property tax
-$799
Net income
4.2% ROI
$18,982

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$456,522
IMT (transfer tax, investment schedule)$23,293
Imposto de Selo (stamp duty)$3,652
Notary & registration$1,359
Legal / due diligence$6,848
Total acquisition costs$35,152
Renovation (~$60/m²)
Light touch-ups — paint, fixtures, deep clean.		$6,397
($3,489–$9,304)
Furnishing & STR launch
2bd × $4,891 base + appliances, electronics, outdoor, licence, photography, linens.		$27,011
All-in investment$525,082

Gross yield (asking)

8.3%

True gross yield (all-in)

7.2%

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$631K$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Paid back2x ReturnToday: $420K
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 19: rental income alone has repaid the full purchase price.
2x return
Year 11: total gains (capital + rental) have doubled your initial investment.
Year 5
Capital Value
$511K
+22%
Rental Income
+$93K
Total Position
$604K
+44%
7.5%/yr
Year 10
Capital Value
$622K
+48%
Rental Income
+$200K
Total Position
$822K
+96%
6.9%/yr
Year 20
Capital Value
$920K
+119%
Rental Income
+$469K
Total Position
$1.4M
+231%
6.2%/yr
Year 30
Capital Value
$1.4M
+224%
Rental Income
+$831K
Total Position
$2.2M
+422%
5.7%/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
Average
4.2% annual return
Occupancy
Average
49% average occupancy
Nightly Rate
Good
$197 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
Yield of 4.2% 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

30% occ.
3.4%
$1,301/mo
40% occ.
4.6%
$1,757/mo
49% occ.
5.7%
$2,152/mo
current
59% occ.
6.9%
$2,608/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.