T3 flat, Urbanização Litoral Mar, 4, Três Castelos, Portimão
T3 flat, Urbanização Litoral Mar, 4, Três Castelos, Portimão — image 2T3 flat, Urbanização Litoral Mar, 4, Três Castelos, Portimão — image 3T3 flat, Urbanização Litoral Mar, 4, Três Castelos, Portimão — image 4T3 flat, Urbanização Litoral Mar, 4, Três Castelos, Portimão — image 5
Grade B+apartmentmid-range

T3 flat, Urbanização Litoral Mar, 4, Três Castelos, Portimão

Portimão · Western Algarve ·

€815,000

Asking Price (EUR)

4.6%

True Net Yield (Owner, all-in)

3.2%

True Net Yield (Managed, all-in)

7.1%

True Gross Yield

63%

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: €65,152/yr
Average Daily Rate: €282
+13.0% vs area baselineImage quality 8/10 (+3%), Modern/contemporary style (+12%), No pool (-12%), Has view (+10%)
Payback Period: 15.6 years
5-yr Capital Value: €1.1M
10-yr Capital Value: €1.3M
Brixfox Score: 72.1 / 100
Comparable Properties: 17
Data Confidence: 85%
Search Radius: 2 km

True Investment Cost

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

€914,095

+12.2% over asking

Asking price€815,000
IMT — Property transfer tax (investment schedule)€48,900
IS — Stamp duty (0.8%)€6,520
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€12,225
Total acquisition costs€68,895
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)€914,095

Gross yield (asking price)

8.0%

True gross yield (all-in)

7.1%

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: 3
Building: 180 m²
Style: modern
Condition: new-build
Energy Certificate: A
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AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Design Features

slatted accent wallarched mirrorintegrated lighting

Score Breakdown

ROI
17.64
Visual Appeal
14.2
Ownership Security
13
Location
9.36
Land & Space
5.6
Rental Demand
6.34
Payback Speed
3
STR Suitability
3

Description

The 5 SENSES is a new urban development in Portimão, 2nd largest city of the Algarve, Portugal’s small paradise of crystal-clear waters and stunning landscapes. It consists of a set of 30 units, all residential apartments, divided by 5 floors. There, in each floor, you will find typologies that go from T1 (1 bed proper

Location

📍 37.1217°N, 8.5490°W

· Portimão, Algarve, Portugal

View on Engel & Völkers Portim​ão →Also on Idealista.pt
Idealista.pt
Portimão / Western Algarve

T3 flat, Urbanização Litoral Mar, 4, Três Castelos, Portimão

Inventory
3 Beds
Bathrooms
3 Baths
Built Area
180 m²
Land Plot
0 m²
Tenure
Freehold
Yield Curve Status

Grade B+ investment — short-term rental yields 5.4% net return annually.

Go to Source via Idealista.pt

The Investment

Brixfox Score72
GradeB+
Brixfox Intelligence
72B+Strong
Score Breakdown
ROI & Yield79%
Capital Growth76%
Risk Profile73%
Market Demand72%

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
+10.3%
Per Year (5yr avg)
Annualized projected property value change based on historical area appreciation rates (5-year average).
Capital Growth
+4.9%
+$201K in 5yr (+25%)
Estimated monthly net income after deducting management fees, operating costs, and taxes.
ROI Nett Rental Income
5.4%
$3,958/mo
Estimated time for the total investment value (equity + accumulated rent) to double.
100% Profit
9 yr
Combined
Number of years to fully recoup the initial purchase price using only net rental income.
Payback
18.7 yr
Rental only

Property details

Energy: A
Condition: new-build

Description

The 5 SENSES is a new urban development in Portimão, 2nd largest city of the Algarve, Portugal’s small paradise of crystal-clear waters and stunning landscapes. It consists of a set of 30 units, all residential apartments, divided by 5 floors. There, in each floor, you will find typologies that go from T1 (1 bed proper

Income Breakdown

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Nightly Rate (ADR)
$408/night
50% ($188)Brixfox estimate($408/night)200% ($750)
Occupancy
63%
10%Brixfox estimate(63%)100%

Short-Term Rental

Yearly income
$47,499
Airbnb data$408/night · 63% occupancy
Rental income
$408/night · 63% occ.
$94,325
Running costs (20%)
Utilities, cleaning, maintenance
-$18,865
Income tax (10%)
Indonesian rental income tax
-$26,411
Property tax
Annual property tax
-$1,550
Net income
5.4% ROI
$47,499

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$885,870
IMT (transfer tax, investment schedule)$53,152
Imposto de Selo (stamp duty)$7,087
Notary & registration$1,359
Legal / due diligence$13,288
Total acquisition costs$74,886
RenovationMove-in ready
Furnishing & STR launch
3bd × $4,891 base + appliances, electronics, outdoor, licence, photography, linens.		$32,826
All-in investment$993,582

Gross yield (asking)

10.6%

True gross yield (all-in)

9.5%

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 Portimão.

$5.4M$4.1M$2.7M$1.4M$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Paid back2x ReturnToday: $815K
Capital appreciation
Property value growing at +4%/yr based on Portimão 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 16: rental income alone has repaid the full purchase price.
2x return
Year 10: total gains (capital + rental) have doubled your initial investment.
Year 5
Capital Value
$992K
+22%
Rental Income
+$232K
Total Position
$1.2M
+50%
8.5%/yr
Year 10
Capital Value
$1.2M
+48%
Rental Income
+$501K
Total Position
$1.7M
+109%
7.7%/yr
Year 20
Capital Value
$1.8M
+119%
Rental Income
+$1.2M
Total Position
$3.0M
+263%
6.7%/yr
Year 30
Capital Value
$2.6M
+224%
Rental Income
+$2.1M
Total Position
$4.7M
+479%
6.0%/yr

Location

Portimão

Western Algarve, Approximate area

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Villa Scorecard

Location
Average
Emerging or secondary location
Rental Yield
Good
5.4% annual return
Occupancy
Good
63% average occupancy
Nightly Rate
Strong
$375 per night
Visual Appeal
Strong
8/10 instagrammability
Size & Space
Weak
0 m² land area
Zoning
Average
STR zoning not confirmed
Tenure
Strong
Freehold ownership

Top Highlights

Premium nightly rate of $375 — positioned in the top tier
Stunning visuals with 8/10 instagrammability — commands premium nightly rates
Freehold ownership — maximum long-term security

Watch Out

Secondary location — rental demand may be lower than premium areas
Compact plot at 0 m² — limited expansion potential

This villa is a strong investment. High rental demand and good returns make it suitable for both active and passive investors.

Risks & What-If

What if occupancy changes?

Owner Managed scenario

43% occ.
4.9%
$3,637/mo
53% occ.
6.1%
$4,505/mo
63% occ.
7.3%
$5,373/mo
current
73% occ.
8.5%
$6,241/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.