T2 flat in Rua Santa Isabel, 15, Zona Ribeirinha, Portimão Cidade, Portimão
T2 flat in Rua Santa Isabel, 15, Zona Ribeirinha, Portimão Cidade, Portimão — image 2T2 flat in Rua Santa Isabel, 15, Zona Ribeirinha, Portimão Cidade, Portimão — image 3T2 flat in Rua Santa Isabel, 15, Zona Ribeirinha, Portimão Cidade, Portimão — image 4T2 flat in Rua Santa Isabel, 15, Zona Ribeirinha, Portimão Cidade, Portimão — image 5
Grade Bapartmentmid-range

T2 flat in Rua Santa Isabel, 15, Zona Ribeirinha, Portimão Cidade, Portimão

Portimão · Western Algarve ·

€450,000

Asking Price (EUR)

3.2%

True Net Yield (Owner, all-in)

2.2%

True Net Yield (Managed, all-in)

4.9%

True Gross Yield

49%

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: €25,247/yr
Average Daily Rate: €141
Payback Period: 22.0 years
5-yr Capital Value: €591,293
10-yr Capital Value: €719,399
Brixfox Score: 61.3 / 100
Comparable Properties: 70
Data Confidence: 89%
Search Radius: 2 km

True Investment Cost

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

€519,355

+15.4% over asking

Asking price€450,000
IMT — Property transfer tax (investment schedule)€23,830
IS — Stamp duty (0.8%)€3,600
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€6,750
Total acquisition costs€35,430
Renovation (est. €55/m² × 165 m²)
Light touch-ups — paint, fixtures, deep clean.		€9,075
(€4,950–€13,200)
Furnishing & STR launch (2bd × €4500 base, mid-range tier)
Furniture, appliances, electronics, linens, AL licence setup, launch photography.		€24,850
All-in investment (incl. renovation & furnishing)€519,355

Gross yield (asking price)

5.6%

True gross yield (all-in)

4.9%

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: 2
Building: 165 m²
Style: contemporary
Condition: good
Energy Certificate: In process
View

AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Design Features

modern facaderooftop terrace potential

Score Breakdown

ROI
14.78
Visual Appeal
10
Ownership Security
13
Location
9.36
Land & Space
5.3
Rental Demand
4.91
Payback Speed
1
STR Suitability
3

Description

Atrium Arade II – Exclusive Apartments in the Center of Portimão Atrium Arade II is an exclusive residential development comprising only six apartments spread across three floors, located in the historic center of Portimão, on Rua Santa Isabel. A few steps from Praça Manuel Teixeira Gomes and the riverside area, this

Location

📍 37.1385°N, 8.5348°W

· Portimão, Algarve, Portugal

View on Branco Real Estate →Also on Idealista.pt
Idealista.pt
Portimão / Western Algarve

T2 flat in Rua Santa Isabel, 15, Zona Ribeirinha, Portimão Cidade, Portimão

Inventory
2 Beds
Bathrooms
2 Baths
Built Area
165 m²
Land Plot
0 m²
Tenure
Freehold
Yield Curve Status

Grade B investment — short-term rental yields 3.8% net return annually.

Go to Source via Idealista.pt

The Investment

Brixfox Score61
GradeB
Brixfox Intelligence
61BStrong
Score Breakdown
ROI & Yield67%
Capital Growth64%
Risk Profile63%
Market Demand61%

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
+4.9%
+$111K in 5yr (+25%)
Estimated monthly net income after deducting management fees, operating costs, and taxes.
ROI Nett Rental Income
3.8%
$1,529/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
26.7 yr
Rental only

Property details

Energy: In process
Condition: good

Description

Atrium Arade II – Exclusive Apartments in the Center of Portimão Atrium Arade II is an exclusive residential development comprising only six apartments spread across three floors, located in the historic center of Portimão, on Rua Santa Isabel. A few steps from Praça Manuel Teixeira Gomes and the riverside area, this

Income Breakdown

Adjust Forecast

Customize your projections
Nightly Rate (ADR)
$206/night
50% ($95)Brixfox estimate($206/night)200% ($379)
Occupancy
49%
10%Brixfox estimate(49%)100%

Short-Term Rental

Yearly income
$18,348
Airbnb data$206/night · 49% occupancy
Rental income
$206/night · 49% occ.
$36,930
Running costs (20%)
Utilities, cleaning, maintenance
-$7,386
Income tax (10%)
Indonesian rental income tax
-$10,341
Property tax
Annual property tax
-$856
Net income
3.8% ROI
$18,348

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$489,130
IMT (transfer tax, investment schedule)$25,902
Imposto de Selo (stamp duty)$3,913
Notary & registration$1,359
Legal / due diligence$7,337
Total acquisition costs$38,511
Renovation (~$60/m²)
Light touch-ups — paint, fixtures, deep clean.		$9,864
($5,380–$14,348)
Furnishing & STR launch
2bd × $4,891 base + appliances, electronics, outdoor, licence, photography, linens.		$27,011
All-in investment$564,516

Gross yield (asking)

7.6%

True gross yield (all-in)

6.5%

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.

$2.6M$2.0M$1.3M$650K$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Paid back2x ReturnToday: $450K
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 20: 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
$547K
+22%
Rental Income
+$90K
Total Position
$637K
+42%
7.2%/yr
Year 10
Capital Value
$666K
+48%
Rental Income
+$194K
Total Position
$860K
+91%
6.7%/yr
Year 20
Capital Value
$986K
+119%
Rental Income
+$454K
Total Position
$1.4M
+220%
6.0%/yr
Year 30
Capital Value
$1.5M
+224%
Rental Income
+$803K
Total Position
$2.3M
+403%
5.5%/yr

Location

Portimão

Western 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
3.8% annual return
Occupancy
Average
49% average occupancy
Nightly Rate
Good
$190 per night
Visual Appeal
Average
5/10 instagrammability
Size & Space
Weak
0 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
Yield of 3.8% 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.
3.1%
$1,245/mo
40% occ.
4.1%
$1,684/mo
49% occ.
5.1%
$2,083/mo
current
59% occ.
6.2%
$2,522/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.