Terraced house in Rua Serpa Pinto, Baixa, Olhão
Terraced house in Rua Serpa Pinto, Baixa, Olhão — image 2Terraced house in Rua Serpa Pinto, Baixa, Olhão — image 3Terraced house in Rua Serpa Pinto, Baixa, Olhão — image 4Terraced house in Rua Serpa Pinto, Baixa, Olhão — image 5
Grade Bvillamid-range

Terraced house in Rua Serpa Pinto, Baixa, Olhão

Olhão · Eastern Algarve ·

€580,000

Asking Price (EUR)

Net yield — free account

True Net Yield (after-tax, all-in)

6.9%

True Gross Yield

53%

Occupancy

Projections — conservative (data maturing)

Our Airbnb calendar dataset started 3.6 months ago and is currently at 30% maturity. Yields shown apply a conservative calibration (realised-ADR factor 0.79, occupancy cap 68%) that auto-fades to full fidelity by April 2027.

Projected Gross Revenue: €46,039/yr
Average Daily Rate: 236
-7.0% vs area baselinePortuguese-traditional style (+5%), No pool (-12%)
5-yr Capital Value: €672,379
10-yr Capital Value: €779,472
Brixfox Score: 59 / 100
Comparable Properties: 21
Data Confidence: 96%
Search Radius: 2 km

True Investment Cost

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

€668,410

+15.2% over asking

Asking price€580,000
IMT — Property transfer tax (investment schedule)€33,700
IS — Stamp duty (0.8%)€4,640
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€8,700
Total acquisition costs€48,290
Renovation (est. €55/m² × 144)
Light touch-ups — paint, fixtures, deep clean.
€7,920
(€4,320€11,520)
Furnishing & STR launch (3bd × €4500 base, mid-range tier)
Furniture, appliances, electronics, linens, AL licence setup, launch photography.
€32,200
All-in investment (incl. renovation & furnishing)€668,410

Gross yield (asking price)

7.9%

True gross yield (all-in)

6.9%

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: 144
Land: 72
Style: portuguese-traditional
Condition: good
Year Built: 1995
Energy Certificate: D

AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Design Features

built-in outdoor BBQexposed terracotta ceiling beamstraditional Portuguese tile accents

Score Breakdown

ROI
13.85
Visual Appeal
11.2
Ownership Security
13
Location
7.8
Land & Space
1.82
Rental Demand
5.35
Payback Speed
2
STR Suitability
4

Description

Come and discover this charming villa with a traditional cubist design, with 3 bedrooms, located in downtown Olhão, a 5-minute walk from the markets, the marina and the embarkation pier for the Ria Formosa Islands. This villa has two entrances, one that gives direct access to the patio and another that gives access to

Location

📍 37.0260°N, 7.8410°W

Approximate location — mapped to the centre of Olhão

· Olhão, Algarve, Portugal

3-bedroom freehold villa in Olhão — photo 1 of 5
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3-bedroom freehold villa in Olhão — photo 2 of 5
3-bedroom freehold villa in Olhão — photo 3 of 5
3-bedroom freehold villa in Olhão — photo 4 of 5
3-bedroom freehold villa in Olhão — photo 5 of 5

Terraced house in Rua Serpa Pinto, Baixa, Olhão

Olhão · Eastern Algarve · Ref BF-13104 Source verified · 360º Properties · listed 2 Jun 2026
Asking price · Freehold
€580,000
Inquire — direct to agent
Ownership
Freehold
Bedrooms
3
Bathrooms
3
Built area
144 m²
Land
72 m²
Gross yield
7.0%
Est. ADR
€236/night
Occupancy
53%
Brixfox Score 59 · BFinancial analysis ↓

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Property details

Year built: 1995
Energy: D
Condition: good

Description

Come and discover this charming villa with a traditional cubist design, with 3 bedrooms, located in downtown Olhão, a 5-minute walk from the markets, the marina and the embarkation pier for the Ria Formosa Islands. This villa has two entrances, one that gives direct access to the patio and another that gives access to

Financial analysis
· Brixfox Standard · Non-resident · Fully managed
Fully managed is the Brixfox Standard shown on every card: a full-service manager whose commission includes the OTA/channel listing (not the cleaning cost — changeovers are funded by guest cleaning fees; you bear the residual). Self-managed drops the commission but pays the OTA host fee directly — and your own time.
Net yieldNet operating income ÷ all-in investment. After local operating taxes; before home-country personal tax and financing costs. Modelled from observed market performance of comparable Airbnb listings.
Awaiting comparable data
Gross yield · all-in basis
Before tax in your home country and financing costs. Estimates, not financial advice.

Revenue assumptions

Derived from the comparable Airbnb listings below. The headline ADR is on the ASKING-price basis — the nightly rates nearby hosts list at, not yet corrected to booked rates (Portugal's calendar dataset is young), so treat it as an optimistic upper bound. Occupancy is annualised from the observed comp window. Comp cards below show raw asking prices.
Expected ADR
Asking-price basis
Expected occupancy
Projected annual revenue
ADR × occupancy × 365
Comp data observed in USD · converted at €0.92/$
Seasonal occupancy pattern
Peak Aug +50% · Low Dec -41%
J
F
M
A
M
J
J
A
S
O
N
D
Modelled monthly index (relative to the annual average) — replaced by measured per-market indices as calendar history matures.

Investment basis

The true all-in acquisition cost — asking price plus purchase costs, renovation and furnishing. Every yield on this page is computed against this total, not the asking price.
Adjust the figures to your deal — yields recalculate live.
Purchase price· asking
Acquisition costs· 8.3% of price, auto-calculated
€48,290
IMT (transfer tax, investment schedule)€33,700
Imposto de Selo (stamp duty)€4,640
Notary & registration€1,250
Legal fees€8,700
Renovation budget· Light touch-ups — paint, fixtures, deep clean.
Furniture & STR launch· default ≈ €10,067/bedroom
All-in investment
€666,410
+14.9% over asking
The P&L needs a revenue basis from comparable listings — it appears once comp data is available.

Total return estimate

OptionalNet yield plus an appreciation assumption you choose. Appreciation is a forward-looking assumption, not data — which is why it defaults to 0% and is kept out of the yield figures above.
Annual appreciation assumption0%
0%3.5% · Olhão 5-yr avg — historical, not a forecast8%
Indicative total return
/yr
+ 0% appreciation
Appreciation assumptions are illustrative only. Past regional price growth does not predict future performance; local supply, regulation and currency moves can materially change outcomes. Not financial advice.

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Where it sits — and the comps around it

The Airbnb listings behind the market evidence above, on the map.

Location

Olhão

Eastern Algarve, Approximate area

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Villa Scorecard

Location
Average
Emerging or secondary location
Rental Yield
Average
3.2% net yield on all-in cost
Occupancy
Average
53% average occupancy
Nightly Rate
Average
€236 per night
Visual Appeal
Good
6/10 visual appeal
Size & Space
Weak
72 m² land area
AL Licence
Pending
Not verified — confirm AL registration before purchase
Tenure
Strong
Freehold ownership

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Risks & What-If

What if occupancy changes?

Brixfox Standard · Non-resident · Fully managed · net yield on all-in cost

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Data Sources & Methodology

ROI calculations use Brixfox Intelligence rental data from live Airbnb calendar tracking — the Algarve dataset has been live since March 2026, seasonality-adjusted to a full-year estimate with a conservative calibration while it matures. Operating costs are modelled per line (management, channel fees, cleaning, utilities, IMI, maintenance, insurance). After-tax yields deduct non-resident IRS on AL income under the simplified regime (~8.75% of gross); buyer-side IMT and stamp duty are included in the all-in cost basis. Market factors in Portugal may impact actual yields.