Detached house in Centro, Quelfes
Detached house in Centro, Quelfes — image 2Detached house in Centro, Quelfes — image 3Detached house in Centro, Quelfes — image 4Detached house in Centro, Quelfes — image 5
Grade Bvillabudget

Detached house in Centro, Quelfes

Olhão · Eastern Algarve ·

€375,000

Asking Price (EUR)

3.4%

True Net Yield (Owner, all-in)

2.3%

True Net Yield (Managed, all-in)

5.2%

True Gross Yield

56%

Occupancy

Projections — conservative (data maturing)

Our Airbnb calendar dataset started 1.5 months ago and is currently at 13% maturity. Yields shown apply a conservative calibration (realised-ADR factor 0.74, occupancy cap 66%) that auto-fades to full fidelity by April 2027.

Projected Gross Revenue: €32,308/yr
Average Daily Rate: €159
-41.0% vs area baselineImage quality 3/10 (-12%), Dated style (-15%), No pool (-12%), Has view (+10%), Budget finish (-12%)
Payback Period: 14.2 years
5-yr Capital Value: €492,744
10-yr Capital Value: €599,499
Brixfox Score: 63.1 / 100
Comparable Properties: 10
Data Confidence: 68%
Search Radius: 4 km

True Investment Cost

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

€622,905

+66.1% over asking

Asking price€375,000
IMT — Property transfer tax (investment schedule)€17,830
IS — Stamp duty (0.8%)€3,000
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€5,625
Total acquisition costs€27,705
Renovation (est. €900/m² × 220 m²)
Substantial renovation — full bathrooms + kitchen, rewiring, plumbing, finishes.		€198,000
(€154,000–€242,000)
Furnishing & STR launch (3bd × €2500 base, budget tier)
Furniture, appliances, electronics, linens, AL licence setup, launch photography.		€22,200
All-in investment (incl. renovation & furnishing)€622,905

Gross yield (asking price)

8.6%

True gross yield (all-in)

5.2%

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: 1
Building: 220 m²
Land: 360 m²
Style: dated
Condition: needs-renovation
Energy Certificate: Exempt
View

AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Design Features

graffiti-art

Score Breakdown

ROI
18.59
Visual Appeal
3.6
Ownership Security
13
Location
8.4
Land & Space
7.94
Rental Demand
5.58
Payback Speed
3
STR Suitability
3

Description

Rustic house, with 220 m2 of construction, located on an urban plot of 360 m2, plus approximately 6,000 m2 of rustic land. This property offers a unique opportunity for those seeking rural tranquility in a location close to the city. *Main Features: * 3 Bedrooms with spacious environments full of natural light, perfec

Location

📍 37.0597°N, 7.8214°W

· Olhão, Algarve, Portugal

View on Vilas Saraiva →Also on Idealista.pt
Idealista.pt
Olhão / Eastern Algarve

Detached house in Centro, Quelfes

Inventory
3 Beds
Bathrooms
1 Baths
Built Area
220 m²
Land Plot
360 m²
Tenure
Freehold
Yield Curve Status

Grade B investment — short-term rental yields 5.9% net return annually.

Go to Source via Idealista.pt

The Investment

Brixfox Score63
GradeB
Brixfox Intelligence
63BStrong
Score Breakdown
ROI & Yield69%
Capital Growth66%
Risk Profile65%
Market Demand63%

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
+9.7%
Per Year (5yr avg)
Annualized projected property value change based on historical area appreciation rates (5-year average).
Capital Growth
+3.8%
+$70K in 5yr (+19%)
Estimated monthly net income after deducting management fees, operating costs, and taxes.
ROI Nett Rental Income
5.9%
$2,003/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
17.0 yr
Rental only

Property details

Energy: Exempt
Condition: needs-renovation

Description

Rustic house, with 220 m2 of construction, located on an urban plot of 360 m2, plus approximately 6,000 m2 of rustic land. This property offers a unique opportunity for those seeking rural tranquility in a location close to the city. *Main Features: * 3 Bedrooms with spacious environments full of natural light, perfec

Income Breakdown

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Nightly Rate (ADR)
$234/night
50% ($108)Brixfox estimate($234/night)200% ($430)
Occupancy
56%
10%Brixfox estimate(56%)100%

Short-Term Rental

Yearly income
$24,040
Airbnb data$234/night · 56% occupancy
Rental income
$234/night · 56% occ.
$47,602
Running costs (20%)
Utilities, cleaning, maintenance
-$9,520
Income tax (10%)
Indonesian rental income tax
-$13,329
Property tax
Annual property tax
-$713
Net income
5.9% ROI
$24,040

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$407,609
IMT (transfer tax, investment schedule)$19,380
Imposto de Selo (stamp duty)$3,261
Notary & registration$1,359
Legal / due diligence$6,114
Total acquisition costs$30,114
Renovation (~$978/m²)
Substantial renovation — full bathrooms + kitchen, rewiring, plumbing, finishes.		$215,217
($167,391–$263,043)
Furnishing & STR launch
3bd × $2,717 base + appliances, electronics, outdoor, licence, photography, linens.		$21,957
All-in investment$674,897

Gross yield (asking)

11.7%

True gross yield (all-in)

7.1%

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 Olhão.

$2.6M$2.0M$1.3M$652K$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Paid back2x ReturnToday: $375K
Capital appreciation
Property value growing at +4%/yr based on Olhão 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 14: 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
$456K
+22%
Rental Income
+$117K
Total Position
$574K
+53%
8.9%/yr
Year 10
Capital Value
$555K
+48%
Rental Income
+$254K
Total Position
$809K
+116%
8.0%/yr
Year 20
Capital Value
$822K
+119%
Rental Income
+$594K
Total Position
$1.4M
+278%
6.9%/yr
Year 30
Capital Value
$1.2M
+224%
Rental Income
+$1.1M
Total Position
$2.3M
+505%
6.2%/yr

Location

Olhão

Eastern Algarve, Approximate area

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Villa Scorecard

Location
Average
Emerging or secondary location
Rental Yield
Good
5.9% annual return
Occupancy
Average
56% average occupancy
Nightly Rate
Strong
$215 per night
Visual Appeal
Weak
2/10 instagrammability
Size & Space
Good
360 m² land area
Zoning
Average
STR zoning not confirmed
Tenure
Strong
Freehold ownership

Top Highlights

Premium nightly rate of $215 — 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 56% — 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

36% occ.
5.1%
$1,722/mo
46% occ.
6.5%
$2,220/mo
56% occ.
8.0%
$2,717/mo
current
66% occ.
9.5%
$3,215/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.