T3 flat in Bairro Novo - Azinhaga da Patinha, Quelfes
T3 flat in Bairro Novo - Azinhaga da Patinha, Quelfes — image 2T3 flat in Bairro Novo - Azinhaga da Patinha, Quelfes — image 3T3 flat in Bairro Novo - Azinhaga da Patinha, Quelfes — image 4T3 flat in Bairro Novo - Azinhaga da Patinha, Quelfes — image 5
Grade B+apartmentmid-range

T3 flat in Bairro Novo - Azinhaga da Patinha, Quelfes

Olhão · Eastern Algarve ·

€422,560

Asking Price (EUR)

Net yield — free account

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

8.7%

True Gross Yield

56%

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: €42,328/yr
Average Daily Rate: 208
+3.0% vs area baselineImage quality 8/10 (+3%), Modern/contemporary style (+12%), No pool (-12%)
5-yr Capital Value: €489,863
10-yr Capital Value: €567,885
Brixfox Score: 71.4 / 100
Comparable Properties: 11
Data Confidence: 79%
Search Radius: 2 km

True Investment Cost

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

€484,833

+14.7% over asking

Asking price€422,560
IMT — Property transfer tax (investment schedule)€21,105
IS — Stamp duty (0.8%)€3,380
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€6,338
Total acquisition costs€32,073
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)€484,833

Gross yield (asking price)

10.0%

True gross yield (all-in)

8.7%

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: 132
Style: contemporary
Condition: excellent
Year Built: 2024
Energy Certificate: B-

AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Design Features

yellow dining chairsabstract gold and black wall artgeometric pattern rug

Score Breakdown

ROI
19.2
Visual Appeal
12.6
Ownership Security
13
Location
8.4
Land & Space
4.64
Rental Demand
5.58
Payback Speed
4
STR Suitability
4

Description

Modern architecture condominium located in the city of Olhão in one of the most central and charming points of the Algarve region. This condominium is distinguished by a beautiful balance between the modern design of the buildings, with elegant lines and the natural environment of its gardens. Its facades create a dy

Location

📍 37.0410°N, 7.8319°W

· Olhão, Algarve, Portugal

Visit GarveturListed via Idealista.pt
3-bedroom freehold villa in Olhão — photo 1 of 5
Garvetur
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

T3 flat in Bairro Novo - Azinhaga da Patinha, Quelfes

Olhão · Eastern Algarve · Ref BF-13143 Source verified · Garvetur · listed 2 Jun 2026
Asking price · Freehold
€422,560
Inquire — direct to agent
Ownership
Freehold
Bedrooms
3
Bathrooms
2
Built area
132 m²
Gross yield
9.0%
Est. ADR
€208/night
Occupancy
56%
Brixfox Score 71 · B+Financial analysis ↓

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Property details

Year built: 2024
Energy: B-
Condition: excellent

Description

Modern architecture condominium located in the city of Olhão in one of the most central and charming points of the Algarve region. This condominium is distinguished by a beautiful balance between the modern design of the buildings, with elegant lines and the natural environment of its gardens. Its facades create a dy

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· 7.6% of price, auto-calculated
€32,073
IMT (transfer tax, investment schedule)€21,105
Imposto de Selo (stamp duty)€3,380
Notary & registration€1,250
Legal fees€6,338
Renovation budget· Move-in ready. No renovation budgeted.
Furniture & STR launch· default ≈ €10,067/bedroom
All-in investment
€484,833
+14.7% 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
Good
3.8% net yield on all-in cost
Occupancy
Average
56% average occupancy
Nightly Rate
Average
€208 per night
Visual Appeal
Good
7/10 visual appeal
Size & Space
Weak
0 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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Source verified · Garvetur

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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.