Detached house in N398, 4, Centro, Quelfes
Detached house in N398, 4, Centro, Quelfes — image 2Detached house in N398, 4, Centro, Quelfes — image 3Detached house in N398, 4, Centro, Quelfes — image 4Detached house in N398, 4, Centro, Quelfes — image 5
Grade B+villamid-range

Detached house in N398, 4, Centro, Quelfes

Olhão · Eastern Algarve ·

€750,000

Asking Price (EUR)

3.8%

True Net Yield (Owner, all-in)

2.6%

True Net Yield (Managed, all-in)

5.8%

True Gross Yield

47%

Occupancy

Projections — conservative (data maturing)

Our Airbnb calendar dataset started 1.7 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: €50,139/yr
Average Daily Rate: €294
+12.0% vs area baselineImage quality 6/10 (-3%), Portuguese-traditional style (+5%), Has pool (0%), Has view (+10%)
Payback Period: 18.5 years
5-yr Capital Value: €985,489
10-yr Capital Value: €1.2M
Brixfox Score: 69.4 / 100
Comparable Properties: 17
Data Confidence: 87%
Search Radius: 2 km

True Investment Cost

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

€861,290

+14.8% over asking

Asking price€750,000
IMT — Property transfer tax (investment schedule)€45,000
IS — Stamp duty (0.8%)€6,000
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€11,250
Total acquisition costs€63,500
Renovation (est. €55/m² × 238 m²)
Light touch-ups — paint, fixtures, deep clean.		€13,090
(€7,140–€19,040)
Furnishing & STR launch (3bd × €4500 base, mid-range tier)
Furniture, appliances, electronics, linens, AL licence setup, launch photography.		€34,700
All-in investment (incl. renovation & furnishing)€861,290

Gross yield (asking price)

6.7%

True gross yield (all-in)

5.8%

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: 3
Bathrooms: 1
Building: 238 m²
Land: 512 m²
Style: portuguese-traditional
Condition: good
Year Built: 2003
Energy Certificate: D
Private Pool
View

AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Design Features

traditional portuguese chimneyblue garage doorcovered patio with vinebalcony with white railing

Score Breakdown

ROI
16.11
Visual Appeal
11.4
Ownership Security
13
Location
8.4
Land & Space
10.87
Rental Demand
4.66
Payback Speed
2
STR Suitability
3

Description

House with ERA GUARANTEE situated in a quiet residential area in Quelfes. Set on a 512m² plot. This property comprises two floors. The ground floor features a spacious living room with a fireplace, a kitchen with a utility area, an en-suite bedroom, a guest bathroom and a storage room. The first floor features two bedr

Location

📍 37.0260°N, 7.8410°W

· Olhão, Algarve, Portugal

View on ERA Olhão →Also on Idealista.pt
Idealista.pt
Olhão / Eastern Algarve

Detached house in N398, 4, Centro, Quelfes

Inventory
3 Beds
Bathrooms
1 Baths
Built Area
238 m²
Land Plot
512 m²
Tenure
Freehold
Yield Curve Status

Grade B+ investment — short-term rental yields 4.5% net return annually.

Go to Source via Idealista.pt

The Investment

Brixfox Score69
GradeB+
Brixfox Intelligence
69B+Strong
Score Breakdown
ROI & Yield76%
Capital Growth72%
Risk Profile71%
Market Demand69%

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
+8.3%
Per Year (5yr avg)
Annualized projected property value change based on historical area appreciation rates (5-year average).
Capital Growth
+3.8%
+$141K in 5yr (+19%)
Estimated monthly net income after deducting management fees, operating costs, and taxes.
ROI Nett Rental Income
4.5%
$3,059/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
22.2 yr
Rental only

Property details

Year built: 2003
Energy: D
Condition: good

Description

House with ERA GUARANTEE situated in a quiet residential area in Quelfes. Set on a 512m² plot. This property comprises two floors. The ground floor features a spacious living room with a fireplace, a kitchen with a utility area, an en-suite bedroom, a guest bathroom and a storage room. The first floor features two bedr

Income Breakdown

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Nightly Rate (ADR)
$431/night
50% ($198)Brixfox estimate($431/night)200% ($792)
Occupancy
47%
10%Brixfox estimate(47%)100%

Short-Term Rental

Yearly income
$36,705
Airbnb data$431/night · 47% occupancy
Rental income
$431/night · 47% occ.
$73,329
Running costs (20%)
Utilities, cleaning, maintenance
-$14,666
Income tax (10%)
Indonesian rental income tax
-$20,532
Property tax
Annual property tax
-$1,427
Net income
4.5% ROI
$36,705

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$815,217
IMT (transfer tax, investment schedule)$48,913
Imposto de Selo (stamp duty)$6,522
Notary & registration$1,359
Legal / due diligence$12,228
Total acquisition costs$69,022
Renovation (~$60/m²)
Light touch-ups — paint, fixtures, deep clean.		$14,228
($7,761–$20,696)
Furnishing & STR launch
3bd × $4,891 base + appliances, electronics, outdoor, licence, photography, linens.		$35,543
All-in investment$934,011

Gross yield (asking)

9.0%

True gross yield (all-in)

7.9%

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.

$4.6M$3.5M$2.3M$1.2M$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Paid back2x ReturnToday: $750K
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 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
$912K
+22%
Rental Income
+$179K
Total Position
$1.1M
+46%
7.8%/yr
Year 10
Capital Value
$1.1M
+48%
Rental Income
+$387K
Total Position
$1.5M
+100%
7.2%/yr
Year 20
Capital Value
$1.6M
+119%
Rental Income
+$907K
Total Position
$2.6M
+240%
6.3%/yr
Year 30
Capital Value
$2.4M
+224%
Rental Income
+$1.6M
Total Position
$4.0M
+439%
5.8%/yr

Location

Olhão

Eastern Algarve, Approximate area

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Villa Scorecard

Location
Average
Emerging or secondary location
Rental Yield
Average
4.5% annual return
Occupancy
Average
47% average occupancy
Nightly Rate
Strong
$396 per night
Visual Appeal
Good
6/10 instagrammability
Size & Space
Strong
512 m² land area
Zoning
Average
STR zoning not confirmed
Tenure
Strong
Freehold ownership

Top Highlights

Premium nightly rate of $396 — positioned in the top tier
Generous 512 m² land — room for expansion or amenities
Freehold ownership — maximum long-term security

Watch Out

Secondary location — rental demand may be lower than premium areas
Yield of 4.5% 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

30% occ.
3.9%
$2,632/mo
40% occ.
5.2%
$3,549/mo
47% occ.
6.1%
$4,159/mo
current
57% occ.
7.5%
$5,076/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.