T3 flat,  Urbanização Cerro Ruivo, 14, Três Bicos, Portimão Cidade, Portimão
T3 flat,  Urbanização Cerro Ruivo, 14, Três Bicos, Portimão Cidade, Portimão — image 2T3 flat,  Urbanização Cerro Ruivo, 14, Três Bicos, Portimão Cidade, Portimão — image 3T3 flat,  Urbanização Cerro Ruivo, 14, Três Bicos, Portimão Cidade, Portimão — image 4T3 flat,  Urbanização Cerro Ruivo, 14, Três Bicos, Portimão Cidade, Portimão — image 5
Grade Aapartmentmid-range

T3 flat, Urbanização Cerro Ruivo, 14, Três Bicos, Portimão Cidade, Portimão

Portimão · Western Algarve ·

€374,500

Asking Price (EUR)

Net yield — free account

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

24.5%

True Gross Yield

56%

Occupancy

Projections — conservative (data maturing)

Our Airbnb calendar dataset started 3.6 months ago and is currently at 30% maturity. Yields shown apply a conservative calibration (realised-ADR factor 0.79, occupancy cap 68%) that auto-fades to full fidelity by April 2027.

Projected Gross Revenue: €107,839/yr
Average Daily Rate: 528
5-yr Capital Value: €434,148
10-yr Capital Value: €503,297
Brixfox Score: 76.8 / 100
Comparable Properties: 13
Data Confidence: 78%
Search Radius: 2 km

True Investment Cost

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

€441,034

+17.8% over asking

Asking price€374,500
IMT — Property transfer tax (investment schedule)€17,260
IS — Stamp duty (0.8%)€2,996
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€5,618
Total acquisition costs€27,124
Renovation (est. €55/m² × 122)
Light touch-ups — paint, fixtures, deep clean.
€6,710
(€3,660€9,760)
Furnishing & STR launch (3bd × €4500 base, mid-range tier)
Furniture, appliances, electronics, linens, AL licence setup, launch photography.
€32,700
All-in investment (incl. renovation & furnishing)€441,034

Gross yield (asking price)

28.8%

True gross yield (all-in)

24.5%

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: 122
Style: contemporary
Condition: good
Year Built: 2009
Energy Certificate: B-
Private Pool
View

AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Score Breakdown

ROI
25
Visual Appeal
10.4
Ownership Security
13
Location
9.36
Land & Space
4.44
Rental Demand
5.6
Payback Speed
5
STR Suitability
4

Description

For sale: 3-bedroom apartment, located on the first floor of a modern building with an elevator, built in 2009. An excellent opportunity for those looking for space, convenience, and an excellent location. The social area comprises a spacious and bright living room with access to an enclosed balcony, perfect for enjoy

Location

📍 37.1368°N, 8.5563°W

Approximate location

· Portimão, Algarve, Portugal

3-bedroom freehold villa in Portimão — photo 1 of 5
Arnaut Consultores
3-bedroom freehold villa in Portimão — photo 2 of 5
3-bedroom freehold villa in Portimão — photo 3 of 5
3-bedroom freehold villa in Portimão — photo 4 of 5
3-bedroom freehold villa in Portimão — photo 5 of 5

T3 flat, Urbanização Cerro Ruivo, 14, Três Bicos, Portimão Cidade, Portimão

Portimão · Western Algarve · Ref BF-3178 Source verified · Arnaut Consultores · listed 2 Jun 2026
Asking price · Freehold
€374,500
Inquire — direct to agent
Ownership
Freehold
Bedrooms
3
Bathrooms
2
Built area
122 m²
Est. ADR
€528/night
Occupancy
56%
Brixfox Score 77 · AFinancial analysis ↓

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Property details

Year built: 2009
Energy: B-
Condition: good

Description

For sale: 3-bedroom apartment, located on the first floor of a modern building with an elevator, built in 2009. An excellent opportunity for those looking for space, convenience, and an excellent location. The social area comprises a spacious and bright living room with access to an enclosed balcony, perfect for enjoy

Investment figures under review

The rental projection for this property failed our plausibility check, so we've temporarily hidden its yield and ROI figures rather than show numbers we can't stand behind. We're re-validating the underlying occupancy, rate and price data — check back shortly.

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Where it sits — and the comps around it

The Airbnb listings behind the market evidence above, on the map.

Location

Portimão

Western Algarve, Approximate area

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Villa Scorecard

Location
Average
Emerging or secondary location
Rental Yield
Pending
Estimate unavailable
Occupancy
Average
56% average occupancy
Nightly Rate
Strong
€528 per night
Visual Appeal
Good
6/10 visual appeal
Size & Space
Weak
0 m² land area
AL Licence
Pending
Not verified — confirm AL registration before purchase
Tenure
Strong
Freehold ownership

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Source verified · Arnaut Consultores

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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.