T2 flat in Rua Manuel Tomé Viegas Vaz, 6, Baixa, Olhão
T2 flat in Rua Manuel Tomé Viegas Vaz, 6, Baixa, Olhão — image 2T2 flat in Rua Manuel Tomé Viegas Vaz, 6, Baixa, Olhão — image 3T2 flat in Rua Manuel Tomé Viegas Vaz, 6, Baixa, Olhão — image 4T2 flat in Rua Manuel Tomé Viegas Vaz, 6, Baixa, Olhão — image 5
Grade B+apartmentmid-range

T2 flat in Rua Manuel Tomé Viegas Vaz, 6, Baixa, Olhão

Olhão · Eastern Algarve ·

€311,000

Asking Price (EUR)

5.8%

True Net Yield (Owner, all-in)

4.0%

True Net Yield (Managed, all-in)

9.0%

True Gross Yield

45%

Occupancy

Projections — conservative (data maturing)

Our Airbnb calendar dataset started 1.6 months ago and is currently at 14% 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: €32,892/yr
Average Daily Rate: €200
+9.0% vs area baselineImage quality 6/10 (-3%), Modern/contemporary style (+12%), Has pool (0%)
Payback Period: 11.6 years
5-yr Capital Value: €408,649
10-yr Capital Value: €497,184
Brixfox Score: 66.6 / 100
Comparable Properties: 58
Data Confidence: 98%
Search Radius: 2 km

True Investment Cost

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

€366,285

+17.8% over asking

Asking price€311,000
IMT — Property transfer tax (investment schedule)€12,767
IS — Stamp duty (0.8%)€2,488
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€4,665
Total acquisition costs€21,170
Renovation (est. €55/m² × 123 m²)
Light touch-ups — paint, fixtures, deep clean.		€6,765
(€3,690–€9,840)
Furnishing & STR launch (2bd × €4500 base, mid-range tier)
Furniture, appliances, electronics, linens, AL licence setup, launch photography.		€27,350
All-in investment (incl. renovation & furnishing)€366,285

Gross yield (asking price)

10.6%

True gross yield (all-in)

9.0%

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: 2
Building: 123 m²
Style: contemporary
Condition: good
Year Built: 2011
Energy Certificate: C
Private Pool

AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Design Features

balcony access for all unitscommunal pool

Score Breakdown

ROI
21.01
Visual Appeal
8.8
Ownership Security
13
Location
7.8
Land & Space
4.46
Rental Demand
4.51
Payback Speed
4
STR Suitability
3

Description

LEASED PROPERTY UNTIL APRIL 2026. 2-bedroom apartment with a total area of 123 m², located in a gated community in Olhão. Just minutes from access to the A22 (Via do Infante) and the EN125, it guarantees quick connections to Faro, Vilamoura and the main beaches of the Algarve. The area offers a wide network of services

Location

📍 37.0273°N, 7.8381°W

· Olhão, Algarve, Portugal

View on CENTURY 21 Realty Art VII →Also on Idealista.pt
Idealista.pt
Olhão / Eastern Algarve

T2 flat in Rua Manuel Tomé Viegas Vaz, 6, Baixa, Olhão

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

Grade B+ investment — short-term rental yields 7.2% net return annually.

Go to Source via Idealista.pt

The Investment

Brixfox Score67
GradeB+
Brixfox Intelligence
67B+Strong
Score Breakdown
ROI & Yield74%
Capital Growth70%
Risk Profile69%
Market Demand67%

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
+11.0%
Per Year (5yr avg)
Annualized projected property value change based on historical area appreciation rates (5-year average).
Capital Growth
+3.8%
+$58K in 5yr (+19%)
Estimated monthly net income after deducting management fees, operating costs, and taxes.
ROI Nett Rental Income
7.2%
$2,042/mo
Estimated time for the total investment value (equity + accumulated rent) to double.
100% Profit
9 yr
Combined
Number of years to fully recoup the initial purchase price using only net rental income.
Payback
13.8 yr
Rental only

Property details

Year built: 2011
Energy: C
Condition: good

Description

LEASED PROPERTY UNTIL APRIL 2026. 2-bedroom apartment with a total area of 123 m², located in a gated community in Olhão. Just minutes from access to the A22 (Via do Infante) and the EN125, it guarantees quick connections to Faro, Vilamoura and the main beaches of the Algarve. The area offers a wide network of services

Income Breakdown

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Nightly Rate (ADR)
$293/night
50% ($135)Brixfox estimate($293/night)200% ($539)
Occupancy
45%
10%Brixfox estimate(45%)100%

Short-Term Rental

Yearly income
$24,505
Airbnb data$293/night · 45% occupancy
Rental income
$293/night · 45% occ.
$48,262
Running costs (20%)
Utilities, cleaning, maintenance
-$9,652
Income tax (10%)
Indonesian rental income tax
-$13,513
Property tax
Annual property tax
-$592
Net income
7.2% ROI
$24,505

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$338,043
IMT (transfer tax, investment schedule)$13,877
Imposto de Selo (stamp duty)$2,704
Notary & registration$1,359
Legal / due diligence$5,071
Total acquisition costs$23,011
Renovation (~$60/m²)
Light touch-ups — paint, fixtures, deep clean.		$7,353
($4,011–$10,696)
Furnishing & STR launch
2bd × $4,891 base + appliances, electronics, outdoor, licence, photography, linens.		$29,728
All-in investment$398,136

Gross yield (asking)

14.3%

True gross yield (all-in)

12.1%

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.

$2.4M$1.8M$1.2M$598K$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Paid back2x ReturnToday: $311K
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 12: rental income alone has repaid the full purchase price.
2x return
Year 8: total gains (capital + rental) have doubled your initial investment.
Year 5
Capital Value
$378K
+22%
Rental Income
+$120K
Total Position
$498K
+60%
9.9%/yr
Year 10
Capital Value
$460K
+48%
Rental Income
+$258K
Total Position
$719K
+131%
8.7%/yr
Year 20
Capital Value
$681K
+119%
Rental Income
+$606K
Total Position
$1.3M
+314%
7.4%/yr
Year 30
Capital Value
$1.0M
+224%
Rental Income
+$1.1M
Total Position
$2.1M
+569%
6.5%/yr

Location

Olhão

Eastern Algarve, Approximate area

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Villa Scorecard

Location
Average
Emerging or secondary location
Rental Yield
Good
7.2% annual return
Occupancy
Average
45% average occupancy
Nightly Rate
Strong
$269 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

Premium nightly rate of $269 — 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 45% — 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.
6.5%
$1,822/mo
40% occ.
8.7%
$2,445/mo
45% occ.
9.8%
$2,766/mo
current
55% occ.
12.0%
$3,389/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.