T3 flat in Rua Jaime Banho Dias Cordeiro, 110, Três Bicos, Portimão Cidade, Portimão
T3 flat in Rua Jaime Banho Dias Cordeiro, 110, Três Bicos, Portimão Cidade, Portimão — image 2T3 flat in Rua Jaime Banho Dias Cordeiro, 110, Três Bicos, Portimão Cidade, Portimão — image 3T3 flat in Rua Jaime Banho Dias Cordeiro, 110, Três Bicos, Portimão Cidade, Portimão — image 4T3 flat in Rua Jaime Banho Dias Cordeiro, 110, Três Bicos, Portimão Cidade, Portimão — image 5
Grade Aapartmentluxury

T3 flat in Rua Jaime Banho Dias Cordeiro, 110, Três Bicos, Portimão Cidade, Portimão

Portimão · Western Algarve ·

€455,000

Asking Price (EUR)

11.3%

True Net Yield (Owner, all-in)

7.8%

True Net Yield (Managed, all-in)

17.3%

True Gross Yield

58%

Occupancy

Projections — conservative (data maturing)

Our Airbnb calendar dataset started 1.9 months ago and is currently at 16% 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: €93,966/yr
Average Daily Rate: €443
+36.0% vs area baselineImage quality 9/10 (+6%), Modern/contemporary style (+12%), Has pool (0%), Has view (+10%), Luxury finish (+8%)
Payback Period: 6.0 years
5-yr Capital Value: €597,863
10-yr Capital Value: €727,392
Brixfox Score: 80.2 / 100
Comparable Properties: 14
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.

€542,245

+19.2% over asking

Asking price€455,000
IMT — Property transfer tax (investment schedule)€24,230
IS — Stamp duty (0.8%)€3,640
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€6,825
Total acquisition costs€35,945
Renovation€0 — move-in ready
Furnishing & STR launch (3bd × €8000 base, luxury tier)
Furniture, appliances, electronics, linens, AL licence setup, launch photography.		€51,300
All-in investment (incl. renovation & furnishing)€542,245

Gross yield (asking price)

20.6%

True gross yield (all-in)

17.3%

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: 103 m²
Style: modern
Condition: new-build
Year Built: 2023
Energy Certificate: A+
Private Pool
View

AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Design Features

rooftop plunge poolsolar panelsglass balconiesopen-plan living with island kitchenherringbone wood flooring

Score Breakdown

ROI
25
Visual Appeal
15
Ownership Security
13
Location
9.36
Land & Space
4.06
Rental Demand
5.81
Payback Speed
5
STR Suitability
3

Description

This gorgeous 3-bedroom apartment is perfect for those who value space, modern living, and a touch of sophistication. With generous rooms, premium finishes, and a smart layout, it’s ideal for families or anyone who appreciates a bit more room. Set in a quiet area of Portimão, just minutes from the city center, it trul

Location

📍 37.1363°N, 8.5545°W

· Portimão, Algarve, Portugal

View on Idealista.pt
Idealista.pt
Portimão / Western Algarve

T3 flat in Rua Jaime Banho Dias Cordeiro, 110, Três Bicos, Portimão Cidade, Portimão

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

Grade A investment — short-term rental yields 14.2% net return annually.

Go to Source via Idealista.pt

The Investment

Brixfox Score80
GradeA
Brixfox Intelligence
80AExcellent
Score Breakdown
ROI & Yield88%
Capital Growth84%
Risk Profile81%
Market Demand80%

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
+19.1%
Per Year (5yr avg)
Annualized projected property value change based on historical area appreciation rates (5-year average).
Capital Growth
+4.9%
+$112K in 5yr (+25%)
Estimated monthly net income after deducting management fees, operating costs, and taxes.
ROI Nett Rental Income
14.2%
$5,847/mo
Estimated time for the total investment value (equity + accumulated rent) to double.
100% Profit
6 yr
Combined
Number of years to fully recoup the initial purchase price using only net rental income.
Payback
7.0 yr
Rental only

Property details

Year built: 2023
Energy: A+
Condition: new-build

Description

This gorgeous 3-bedroom apartment is perfect for those who value space, modern living, and a touch of sophistication. With generous rooms, premium finishes, and a smart layout, it’s ideal for families or anyone who appreciates a bit more room. Set in a quiet area of Portimão, just minutes from the city center, it trul

Income Breakdown

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Nightly Rate (ADR)
$644/night
50% ($296)Brixfox estimate($644/night)200% ($1185)
Occupancy
58%
10%Brixfox estimate(58%)100%

Short-Term Rental

Yearly income
$70,167
Airbnb data$644/night · 58% occupancy
Rental income
$644/night · 58% occ.
$136,600
Running costs (20%)
Utilities, cleaning, maintenance
-$27,320
Income tax (10%)
Indonesian rental income tax
-$38,248
Property tax
Annual property tax
-$865
Net income
14.2% ROI
$70,167

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$494,565
IMT (transfer tax, investment schedule)$26,337
Imposto de Selo (stamp duty)$3,957
Notary & registration$1,359
Legal / due diligence$7,418
Total acquisition costs$39,071
RenovationMove-in ready
Furnishing & STR launch
3bd × $8,696 base + appliances, electronics, outdoor, licence, photography, linens.		$55,761
All-in investment$589,397

Gross yield (asking)

27.6%

True gross yield (all-in)

23.2%

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.

$5.2M$3.9M$2.6M$1.3M$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Paid back2x ReturnToday: $455K
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 7: rental income alone has repaid the full purchase price.
2x return
Year 6: total gains (capital + rental) have doubled your initial investment.
Year 5
Capital Value
$554K
+22%
Rental Income
+$343K
Total Position
$896K
+97%
14.5%/yr
Year 10
Capital Value
$674K
+48%
Rental Income
+$740K
Total Position
$1.4M
+211%
12.0%/yr
Year 20
Capital Value
$997K
+119%
Rental Income
+$1.7M
Total Position
$2.7M
+500%
9.4%/yr
Year 30
Capital Value
$1.5M
+224%
Rental Income
+$3.1M
Total Position
$4.5M
+899%
8.0%/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
Strong
14.2% annual return
Occupancy
Average
58% average occupancy
Nightly Rate
Strong
$592 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

High rental yield at 14.2% — outperforms most villas in this market
Premium nightly rate of $592 — positioned in the top tier
Stunning visuals with 8/10 instagrammability — commands premium nightly rates

Watch Out

Secondary location — rental demand may be lower than premium areas
Occupancy at 58% — factor in seasonal gaps

Consider carefully. Returns are below market average for this price point.

Risks & What-If

What if occupancy changes?

Owner Managed scenario

38% occ.
12.5%
$5,154/mo
48% occ.
15.8%
$6,525/mo
58% occ.
19.2%
$7,896/mo
current
68% occ.
22.5%
$9,267/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.