T3 flat in Rua Diogo Goncalves, 24 -b, Portimão
T3 flat in Rua Diogo Goncalves, 24 -b, Portimão — image 2T3 flat in Rua Diogo Goncalves, 24 -b, Portimão — image 3T3 flat in Rua Diogo Goncalves, 24 -b, Portimão — image 4T3 flat in Rua Diogo Goncalves, 24 -b, Portimão — image 5
Grade A+apartmentmid-rangeBuilding holds 7 AL licences

T3 flat in Rua Diogo Goncalves, 24 -b, Portimão

Portimão · Western Algarve ·

€385,000

Asking Price (EUR)

Net yield — free account

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

9.2%

True Gross Yield

49%

Occupancy

Projected Gross Revenue: €40,582/yr
Average Daily Rate: €227
+3.0% vs area baselineImage quality 8/10 (+3%), Modern/contemporary style (+12%), No pool (-12%)
5-yr Capital Value: €446,321
10-yr Capital Value: €517,408
Brixfox Score: 97 / 100
Comparable Properties: 29
Data Confidence: 92%
Search Radius: 2 km

True Investment Cost

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

€443,405

+15.2% over asking

Asking price€385,000
IMT — Property transfer tax (investment schedule)€18,100
IS — Stamp duty (0.8%)€3,080
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€5,775
Total acquisition costs€28,205
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)€443,405

Gross yield (asking price)

10.5%

True gross yield (all-in)

9.2%

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: 96 m²
Style: modern
Condition: new-build
Year Built: 1976
Energy Certificate: E

Short-term rental is established in this building — 7 active AL licences registered at this address

Other units in the same building are registered for Alojamento Local in the official RNAL register, so STR demonstrably operates at this address. This unit’s own licence status is unconfirmed — the Algarve has no containment zones, so a new AL registration is normally obtainable, but confirm with the câmara municipal and check the condominium rules before counting on STR income.

Search the official RNT register →

Design Features

kitchen island with seatingrecessed lightingsliding glass doors to patio

Score Breakdown

ROI
25
Visual Appeal
13.6
Ownership Security
13
Location
9.36
Land & Space
3.92
Rental Demand
4.9
Payback Speed
5
STR Suitability
4

Description

Imagine waking up in the centre of Portimão, with the city pulsating around you and natural light softly entering every room of the house. This 3 bedroom flat, fully renovated, was designed for those who value comfort, functionality and a practical urban experience, without giving up elegance. Upon entering, you are gr

Location

📍 37.1404°N, 8.5381°W

Approximate location

· Portimão, Algarve, Portugal

Confirmed on the market today.

Listed by Imojoy Real Estate via Idealista.pt

Price
€385,000
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3-bedroom freehold apartment in Portimão — photo 1 of 5
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3-bedroom freehold apartment in Portimão — photo 2 of 5
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3-bedroom freehold apartment in Portimão — photo 3 of 5
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3-bedroom freehold apartment in Portimão — photo 5 of 5
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T3 flat in Rua Diogo Goncalves, 24 -b, Portimão

Portimão · Western Algarve · Ref BF-2602Source · Idealista.pt · listed 16 Apr 2026
Asking price
€385,000
Want this analysis as an underwriting report (PDF)?

The page’s own figures, line by line · Every purchase cost and the all-in total · Occupancy and offer-price what-ifs · Portugal ownership, tax and letting rules

Bedrooms
3
Bathrooms
2
Built area
96 m²
Brixfox Score 97 · A+Financial analysis ↓

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Short-term rental is established in this building — 7 active AL licences registered at this address

Other units in the same building are registered for Alojamento Local in the official RNAL register, so STR demonstrably operates at this address. This unit’s own licence status is unconfirmed — the Algarve has no containment zones, so a new AL registration is normally obtainable, but confirm with the câmara municipal and check the condominium rules before counting on STR income.

Search the official RNT register →

Property details

Year built: 1976
Energy: E
Condition: new-build
AL licence: Building has AL (7 licences)

Description

Imagine waking up in the centre of Portimão, with the city pulsating around you and natural light softly entering every room of the house. This 3 bedroom flat, fully renovated, was designed for those who value comfort, functionality and a practical urban experience, without giving up elegance. Upon entering, you are gr

Financials

What it earns, what it costs to own, and the net yield

Financial analysis
· Brixfox Standard · Non-resident · Fully managed
Fully managed is the Brixfox Standard shown on every card: a full-service manager's commission, charged on top of the Airbnb/Booking channel fees (not the cleaning cost — changeovers are funded by guest cleaning fees; you bear the residual). Self-managed drops the commission; the channel fees stay, because the platform is paid whoever manages, and you pay staff/local operations, a higher cleaning residual and your own time directly. Both scenarios divide the SAME gross revenue — the toggle changes the cost stack, not the revenue. That revenue is observed from actively-operated comps, so self-managed assumes you match their performance.Both scenarios share the same projected revenue — the toggle changes who runs the property and what that costs, not what it earns.
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.
Gross yield · all-in basis
Before tax in your home country and financing costs. Estimates, not financial advice.
Modelled from Airbnb listings we track across Portimão — live calendar data.

No Airbnb match on file

We have not confirmed this exact property on Airbnb, so it carries no operating history here. The figures above rest on the comparable set — a launch scenario, not a track record.

Revenue assumptions

Derived from the comparable Airbnb listings below. The headline ADR and revenue are the expected BOOKED figures — nearby asking prices corrected by our measured asking-to-booked factor (Portugal's calendar dataset is young, so this is a conservative estimate). Occupancy is the seasonality-adjusted full-year rate. The comp cards below show raw asking prices.
Expected ADR
€227
Expected booked rate (asking prices × measured booked factor)
Expected occupancy
49%
Full-year estimate, market-calibrated
Projected annual revenue
€40,582
ADR × occupancy × 365
Comp data observed in USD · converted at €0.88/$
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· 7.3% of price, auto-calculated
€28,205
IMT (transfer tax, investment schedule)€18,100
Imposto de Selo (stamp duty)€3,080
Notary & registration€1,250
Legal fees€5,775
Renovation budget· Move-in ready. No renovation budgeted.
€
Furniture & STR launch· default ≈ €10,067/bedroom
€
All-in investment
€443,405
+15.2% over asking
Fully managed scenarioSwitch the scenario with the toggle at the top of the financial analysis — it drives every figure in this section. Gross revenue is identical in both scenarios (the comps' observed performance); the Villa Scorecard and risk panels elsewhere on the page always quote the fully-managed Brixfox Standard.
Gross annual revenue
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Cleaning (net of guest fees)
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Utilities, insurance & consumables
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Lodging / tourist tax
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Maintenance reserve
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Annual property tax
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Net operating income
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Net yield on all-in investment
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Rental yield + value growth

Your net rental yield plus a yearly rise in the property's market value (land and building) that you choose. Value growth is an assumption, not data — which is why it starts at 0% and is kept out of the yield figures above.
Property value growth per year · your assumption0%
0%4.5% · Portimão 5-yr avg — historical, not a forecast8%
Yield + value growth
••/yr
••% net yield + 0% value growth
Value growth figures 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.
Want this analysis as an underwriting report (PDF)?

The page’s own figures, line by line · Every purchase cost and the all-in total · Occupancy and offer-price what-ifs · Portugal ownership, tax and letting rules

Evidence

Where it sits, and who confirms it

Comp table: Market evidence ↑ in Financials

Location

Approximate area

Portimão · Western Algarve

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Verdict

Score, and what could go wrong

Brixfox Score

97A
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Upgrade to Pro to see the full scorecard analysis.

Risk & what-if

ScenarioOccupancyNet income /yrNet yield
-19 pts occupancy30%••••••%
-9 pts occupancy40%••••••%
Expected49%••••••%
+10 pts occupancy59%••••••%

Brixfox Standard · Non-resident · Fully managed · net yield on all-in cost · upgrade to Pro to stress-test this yield

TenureFreeholdno lease decay · no amortisation
Payback13.3 yearsfrom net rent at the expected case
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Property Underwriting Report

PDF report · one-time purchase · this property

  • The page’s own figures, line by line
  • Every purchase cost and the all-in total
  • Occupancy and offer-price what-ifs
  • Portugal ownership, tax and letting rules
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Modelled from live Airbnb calendar data around this property · operating costs per line, editable in the P&L · estimates, not financial advice.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.