Semi-detached house in Rua dos Micanos, Nn, Baixa, Olhão
Semi-detached house in Rua dos Micanos, Nn, Baixa, Olhão — image 2Semi-detached house in Rua dos Micanos, Nn, Baixa, Olhão — image 3Semi-detached house in Rua dos Micanos, Nn, Baixa, Olhão — image 4Semi-detached house in Rua dos Micanos, Nn, Baixa, Olhão — image 5
Grade Bvillabudget

Semi-detached house in Rua dos Micanos, Nn, Baixa, Olhão

Olhão · Eastern Algarve ·

€220,000

Asking Price (EUR)

4.4%

True Net Yield (Owner, all-in)

3.1%

True Net Yield (Managed, all-in)

6.8%

True Gross Yield

43%

Occupancy

Projections — conservative (data maturing)

Our Airbnb calendar dataset started 1.8 months ago and is currently at 15% 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: €20,187/yr
Average Daily Rate: €128
-31.0% vs area baselineImage quality 3/10 (-12%), Portuguese-traditional style (+5%), No pool (-12%), Budget finish (-12%)
Payback Period: 13.5 years
5-yr Capital Value: €289,077
10-yr Capital Value: €351,706
Brixfox Score: 59.1 / 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.

€297,457

+35.2% over asking

Asking price€220,000
IMT — Property transfer tax (investment schedule)€6,397
IS — Stamp duty (0.8%)€1,760
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€3,300
Total acquisition costs€12,707
Renovation (est. €900/m² × 51 m²)
Substantial renovation — full bathrooms + kitchen, rewiring, plumbing, finishes.		€45,900
(€35,700–€56,100)
Furnishing & STR launch (2bd × €2500 base, budget tier)
Furniture, appliances, electronics, linens, AL licence setup, launch photography.		€18,850
All-in investment (incl. renovation & furnishing)€297,457

Gross yield (asking price)

9.2%

True gross yield (all-in)

6.8%

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: 51 m²
Land: 51 m²
Style: portuguese-traditional
Condition: needs-renovation
Year Built: 1973
Energy Certificate: Exempt

AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Design Features

tiled facadecobblestone street

Score Breakdown

ROI
19.21
Visual Appeal
6.6
Ownership Security
13
Location
7.8
Land & Space
2.15
Rental Demand
4.31
Payback Speed
3
STR Suitability
3

Description

Looking for an investment project or your new holiday home in the heart of the Algarve? Located on the emblematic Rua dos Micanos, this traditional house offers an unbeatable location in the historic center of Barreta, the most touristic and sought-after area of Olhão. This property represents the perfect combination

Location

📍 37.0249°N, 7.8436°W

· Olhão, Algarve, Portugal

View on TuaCasa Olhão & HolidaysPT →Also on Idealista.pt
Idealista.pt
Olhão / Eastern Algarve

Semi-detached house in Rua dos Micanos, Nn, Baixa, Olhão

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

Grade B investment — short-term rental yields 6.2% net return annually.

Go to Source via Idealista.pt

The Investment

Brixfox Score59
GradeB
Brixfox Intelligence
59BStrong
Score Breakdown
ROI & Yield65%
Capital Growth62%
Risk Profile61%
Market Demand59%

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
+10.0%
Per Year (5yr avg)
Annualized projected property value change based on historical area appreciation rates (5-year average).
Capital Growth
+3.8%
+$41K in 5yr (+19%)
Estimated monthly net income after deducting management fees, operating costs, and taxes.
ROI Nett Rental Income
6.2%
$1,243/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
16.0 yr
Rental only

Property details

Year built: 1973
Energy: Exempt
Condition: needs-renovation

Description

Looking for an investment project or your new holiday home in the heart of the Algarve? Located on the emblematic Rua dos Micanos, this traditional house offers an unbeatable location in the historic center of Barreta, the most touristic and sought-after area of Olhão. This property represents the perfect combination

Income Breakdown

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Nightly Rate (ADR)
$188/night
50% ($86)Brixfox estimate($188/night)200% ($345)
Occupancy
43%
10%Brixfox estimate(43%)100%

Short-Term Rental

Yearly income
$14,918
Airbnb data$188/night · 43% occupancy
Rental income
$188/night · 43% occ.
$29,493
Running costs (20%)
Utilities, cleaning, maintenance
-$5,899
Income tax (10%)
Indonesian rental income tax
-$8,258
Property tax
Annual property tax
-$418
Net income
6.2% ROI
$14,918

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$239,130
IMT (transfer tax, investment schedule)$6,953
Imposto de Selo (stamp duty)$1,913
Notary & registration$1,359
Legal / due diligence$3,587
Total acquisition costs$13,812
Renovation (~$978/m²)
Substantial renovation — full bathrooms + kitchen, rewiring, plumbing, finishes.		$49,891
($38,804–$60,978)
Furnishing & STR launch
2bd × $2,717 base + appliances, electronics, outdoor, licence, photography, linens.		$18,315
All-in investment$321,149

Gross yield (asking)

12.3%

True gross yield (all-in)

9.2%

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 Olhão.

$1.6M$1.2M$786K$393K$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Paid back2x ReturnToday: $220K
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
$268K
+22%
Rental Income
+$73K
Total Position
$341K
+55%
9.1%/yr
Year 10
Capital Value
$326K
+48%
Rental Income
+$157K
Total Position
$483K
+120%
8.2%/yr
Year 20
Capital Value
$482K
+119%
Rental Income
+$369K
Total Position
$851K
+287%
7.0%/yr
Year 30
Capital Value
$714K
+224%
Rental Income
+$653K
Total Position
$1.4M
+521%
6.3%/yr

Location

Olhão

Eastern Algarve, Approximate area

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Villa Scorecard

Location
Average
Emerging or secondary location
Rental Yield
Good
6.2% annual return
Occupancy
Weak
43% average occupancy
Nightly Rate
Good
$173 per night
Visual Appeal
Weak
2/10 instagrammability
Size & Space
Weak
51 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
Occupancy at 43% — 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.
5.8%
$1,163/mo
40% occ.
7.8%
$1,563/mo
43% occ.
8.5%
$1,686/mo
current
53% occ.
10.5%
$2,085/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.