T1 flat in Rua General Carmona, 31, Santa Luzia, Tavira
T1 flat in Rua General Carmona, 31, Santa Luzia, Tavira — image 2T1 flat in Rua General Carmona, 31, Santa Luzia, Tavira — image 3T1 flat in Rua General Carmona, 31, Santa Luzia, Tavira — image 4T1 flat in Rua General Carmona, 31, Santa Luzia, Tavira — image 5
Grade Bapartmentluxury

T1 flat in Rua General Carmona, 31, Santa Luzia, Tavira

Tavira · Eastern Algarve ·

€425,000

Asking Price (EUR)

3.7%

True Net Yield (Owner, all-in)

2.5%

True Net Yield (Managed, all-in)

5.6%

True Gross Yield

56%

Occupancy

Projections — conservative (data maturing)

Our Airbnb calendar dataset started 2 months ago and is currently at 17% maturity. Yields shown apply a conservative calibration (realised-ADR factor 0.75, occupancy cap 67%) that auto-fades to full fidelity by April 2027.

Projected Gross Revenue: €27,584/yr
Average Daily Rate: €134
Payback Period: 19.2 years
5-yr Capital Value: €558,444
10-yr Capital Value: €679,432
Brixfox Score: 61.8 / 100
Comparable Properties: 12
Data Confidence: 84%
Search Radius: 2 km

True Investment Cost

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

€488,955

+15.0% over asking

Asking price€425,000
IMT — Property transfer tax (investment schedule)€21,830
IS — Stamp duty (0.8%)€3,400
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€6,375
Total acquisition costs€32,855
Renovation€0 — move-in ready
Furnishing & STR launch (1bd × €8000 base, luxury tier)
Furniture, appliances, electronics, linens, AL licence setup, launch photography.		€31,100
All-in investment (incl. renovation & furnishing)€488,955

Gross yield (asking price)

6.5%

True gross yield (all-in)

5.6%

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: 1
Bathrooms: 1
Building: 98 m²
Style: contemporary
Condition: new-build
Energy Certificate: A
View

AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Design Features

large outdoor terrace with dining and lounge areaswicker hanging chairmodern minimalist kitchennatural wood furniture throughout

Score Breakdown

ROI
15.79
Visual Appeal
10
Ownership Security
13
Location
8.4
Land & Space
3.96
Rental Demand
5.63
Payback Speed
2
STR Suitability
3

Description

1 bedroom flat of 63m2 and 35m2 of outdoor area, in a new development located in Santa Luzia, in the heart of the Ria Formosa Natural Park. Less than 100 meters from the pier that gives access to the island of Tavira and Praia do Barril, it consists of typologies T1, T2 in which some of the apartments have the option

Location

📍 37.0870°N, 8.7290°W

· Tavira, Algarve, Portugal

View on Dils Portugal →Also on Idealista.pt
Idealista.pt
Tavira / Eastern Algarve

T1 flat in Rua General Carmona, 31, Santa Luzia, Tavira

Inventory
1 Beds
Bathrooms
1 Baths
Built Area
98 m²
Land Plot
0 m²
Tenure
Freehold
Yield Curve Status

Grade B investment — short-term rental yields 4.3% net return annually.

Go to Source via Idealista.pt

The Investment

Brixfox Score62
GradeB
Brixfox Intelligence
62BStrong
Score Breakdown
ROI & Yield68%
Capital Growth65%
Risk Profile64%
Market Demand62%

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
+8.7%
Per Year (5yr avg)
Annualized projected property value change based on historical area appreciation rates (5-year average).
Capital Growth
+4.3%
+$92K in 5yr (+22%)
Estimated monthly net income after deducting management fees, operating costs, and taxes.
ROI Nett Rental Income
4.3%
$1,665/mo
Estimated time for the total investment value (equity + accumulated rent) to double.
100% Profit
11 yr
Combined
Number of years to fully recoup the initial purchase price using only net rental income.
Payback
23.1 yr
Rental only

Property details

Energy: A
Condition: new-build

Description

1 bedroom flat of 63m2 and 35m2 of outdoor area, in a new development located in Santa Luzia, in the heart of the Ria Formosa Natural Park. Less than 100 meters from the pier that gives access to the island of Tavira and Praia do Barril, it consists of typologies T1, T2 in which some of the apartments have the option

Income Breakdown

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Nightly Rate (ADR)
$194/night
50% ($89)Brixfox estimate($194/night)200% ($358)
Occupancy
56%
10%Brixfox estimate(56%)100%

Short-Term Rental

Yearly income
$19,976
Airbnb data$194/night · 56% occupancy
Rental income
$194/night · 56% occ.
$39,971
Running costs (20%)
Utilities, cleaning, maintenance
-$7,994
Income tax (10%)
Indonesian rental income tax
-$11,192
Property tax
Annual property tax
-$808
Net income
4.3% ROI
$19,976

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$461,957
IMT (transfer tax, investment schedule)$23,728
Imposto de Selo (stamp duty)$3,696
Notary & registration$1,359
Legal / due diligence$6,929
Total acquisition costs$35,712
RenovationMove-in ready
Furnishing & STR launch
1bd × $8,696 base + appliances, electronics, outdoor, licence, photography, linens.		$33,804
All-in investment$531,473

Gross yield (asking)

8.7%

True gross yield (all-in)

7.5%

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 Tavira.

$2.6M$1.9M$1.3M$648K$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Paid back2x ReturnToday: $425K
Capital appreciation
Property value growing at +4%/yr based on Tavira 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 18: rental income alone has repaid the full purchase price.
2x return
Year 11: total gains (capital + rental) have doubled your initial investment.
Year 5
Capital Value
$517K
+22%
Rental Income
+$98K
Total Position
$615K
+45%
7.7%/yr
Year 10
Capital Value
$629K
+48%
Rental Income
+$211K
Total Position
$840K
+98%
7.0%/yr
Year 20
Capital Value
$931K
+119%
Rental Income
+$494K
Total Position
$1.4M
+235%
6.2%/yr
Year 30
Capital Value
$1.4M
+224%
Rental Income
+$874K
Total Position
$2.3M
+430%
5.7%/yr

Location

Tavira

Eastern Algarve, Approximate area

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Airbnb Comp Analysis

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Villa Scorecard

Location
Average
Emerging or secondary location
Rental Yield
Average
4.3% annual return
Occupancy
Average
56% average occupancy
Nightly Rate
Good
$179 per night
Visual Appeal
Strong
9/10 instagrammability
Size & Space
Weak
0 m² land area
Zoning
Average
STR zoning not confirmed
Tenure
Strong
Freehold ownership

Top Highlights

Stunning visuals with 9/10 instagrammability — commands premium nightly rates
Freehold ownership — maximum long-term security

Watch Out

Secondary location — rental demand may be lower than premium areas
Yield of 4.3% is near the market average — model your cashflow carefully

Consider carefully. Returns are below market average for this price point.

Risks & What-If

What if occupancy changes?

Owner Managed scenario

36% occ.
3.7%
$1,437/mo
46% occ.
4.8%
$1,850/mo
56% occ.
5.9%
$2,264/mo
current
66% occ.
7.0%
$2,678/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.