T2 flat in Praça da República, Portimão
T2 flat in Praça da República, Portimão — image 2T2 flat in Praça da República, Portimão — image 3T2 flat in Praça da República, Portimão — image 4T2 flat in Praça da República, Portimão — image 5
Grade B+apartmentmid-range

T2 flat in Praça da República, Portimão

Portimão · Western Algarve ·

€279,000

Asking Price (EUR)

5.7%

True Net Yield (Owner, all-in)

4.0%

True Net Yield (Managed, all-in)

8.8%

True Gross Yield

50%

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: €28,837/yr
Average Daily Rate: €159
+10.0% vs area baselineModern/contemporary style (+12%), No pool (-12%), Has view (+10%)
Payback Period: 12.0 years
5-yr Capital Value: €366,602
10-yr Capital Value: €446,027
Brixfox Score: 70.3 / 100
Comparable Properties: 83
Data Confidence: 88%
Search Radius: 2 km

True Investment Cost

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

€326,444

+17.0% over asking

Asking price€279,000
IMT — Property transfer tax (investment schedule)€10,527
IS — Stamp duty (0.8%)€2,232
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€4,185
Total acquisition costs€18,194
Renovation (est. €55/m² × 80 m²)
Light touch-ups — paint, fixtures, deep clean.		€4,400
(€2,400–€6,400)
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)€326,444

Gross yield (asking price)

10.3%

True gross yield (all-in)

8.8%

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: 2
Bathrooms: 1
Building: 80 m²
Style: contemporary
Condition: good
Energy Certificate: C
View

AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Design Features

large outdoor terrace with shade sailsliding barn doors with patterned panelsopen-plan living and kitchen arearustic wooden shelving and decor

Score Breakdown

ROI
20.6
Visual Appeal
12.8
Ownership Security
13
Location
9.36
Land & Space
3.6
Rental Demand
4.97
Payback Speed
3
STR Suitability
3

Description

A charming apartment located in the heart of Portimão's historic center is defined above all by its authenticity, its rarity, and the relaxed lifestyle it offers. Here is a complete, elegant, and professional version, tailored for a high-end sale. Charming apartment with a large terrace in the heart of Portimão's hi

Location

📍 37.1376°N, 8.5365°W

· Portimão, Algarve, Portugal

View on eXp Global Portugal →Also on Idealista.pt
Idealista.pt
Portimão / Western Algarve

T2 flat in Praça da República, Portimão

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

Grade B+ investment — short-term rental yields 7.0% net return annually.

Go to Source via Idealista.pt

The Investment

Brixfox Score70
GradeB+
Brixfox Intelligence
70B+Strong
Score Breakdown
ROI & Yield77%
Capital Growth74%
Risk Profile72%
Market Demand70%

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
+11.9%
Per Year (5yr avg)
Annualized projected property value change based on historical area appreciation rates (5-year average).
Capital Growth
+4.9%
+$69K in 5yr (+25%)
Estimated monthly net income after deducting management fees, operating costs, and taxes.
ROI Nett Rental Income
7.0%
$1,775/mo
Estimated time for the total investment value (equity + accumulated rent) to double.
100% Profit
8 yr
Combined
Number of years to fully recoup the initial purchase price using only net rental income.
Payback
14.2 yr
Rental only

Property details

Energy: C
Condition: good

Description

A charming apartment located in the heart of Portimão's historic center is defined above all by its authenticity, its rarity, and the relaxed lifestyle it offers. Here is a complete, elegant, and professional version, tailored for a high-end sale. Charming apartment with a large terrace in the heart of Portimão's hi

Income Breakdown

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Nightly Rate (ADR)
$232/night
50% ($107)Brixfox estimate($232/night)200% ($426)
Occupancy
50%
10%Brixfox estimate(50%)100%

Short-Term Rental

Yearly income
$21,295
Airbnb data$232/night · 50% occupancy
Rental income
$232/night · 50% occ.
$41,973
Running costs (20%)
Utilities, cleaning, maintenance
-$8,395
Income tax (10%)
Indonesian rental income tax
-$11,752
Property tax
Annual property tax
-$531
Net income
7.0% ROI
$21,295

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$303,261
IMT (transfer tax, investment schedule)$11,442
Imposto de Selo (stamp duty)$2,426
Notary & registration$1,359
Legal / due diligence$4,549
Total acquisition costs$19,776
Renovation (~$60/m²)
Light touch-ups — paint, fixtures, deep clean.		$4,783
($2,609–$6,957)
Furnishing & STR launch
2bd × $4,891 base + appliances, electronics, outdoor, licence, photography, linens.		$27,011
All-in investment$354,830

Gross yield (asking)

13.8%

True gross yield (all-in)

11.8%

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.

$2.1M$1.6M$1.1M$528K$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Paid back2x ReturnToday: $279K
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 13: rental income alone has repaid the full purchase price.
2x return
Year 9: total gains (capital + rental) have doubled your initial investment.
Year 5
Capital Value
$339K
+22%
Rental Income
+$104K
Total Position
$443K
+59%
9.7%/yr
Year 10
Capital Value
$413K
+48%
Rental Income
+$225K
Total Position
$638K
+129%
8.6%/yr
Year 20
Capital Value
$611K
+119%
Rental Income
+$526K
Total Position
$1.1M
+308%
7.3%/yr
Year 30
Capital Value
$905K
+224%
Rental Income
+$932K
Total Position
$1.8M
+558%
6.5%/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
Good
7.0% annual return
Occupancy
Average
50% average occupancy
Nightly Rate
Strong
$213 per night
Visual Appeal
Good
7/10 instagrammability
Size & Space
Weak
0 m² land area
Zoning
Average
STR zoning not confirmed
Tenure
Strong
Freehold ownership

Top Highlights

Premium nightly rate of $213 — positioned in the top tier
Freehold ownership — maximum long-term security

Watch Out

Secondary location — rental demand may be lower than premium areas
Occupancy at 50% — 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

30% occ.
5.7%
$1,435/mo
40% occ.
7.6%
$1,928/mo
50% occ.
9.5%
$2,404/mo
current
60% occ.
11.5%
$2,897/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.