Terraced house in Rua da Liberdade, 23, Odeceixe, Aljezur
Terraced house in Rua da Liberdade, 23, Odeceixe, Aljezur — image 2Terraced house in Rua da Liberdade, 23, Odeceixe, Aljezur — image 3Terraced house in Rua da Liberdade, 23, Odeceixe, Aljezur — image 4Terraced house in Rua da Liberdade, 23, Odeceixe, Aljezur — image 5
Grade B+villabudget

Terraced house in Rua da Liberdade, 23, Odeceixe, Aljezur

Aljezur · Western Algarve ·

€380,000

Asking Price (EUR)

5.6%

True Net Yield (Owner, all-in)

3.9%

True Net Yield (Managed, all-in)

8.6%

True Gross Yield

52%

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: €52,350/yr
Average Daily Rate: €278
-15.0% vs area baselineImage quality 5/10 (-6%), Portuguese-traditional style (+5%), No pool (-12%), Has view (+10%), Budget finish (-12%)
Payback Period: 9.1 years
5-yr Capital Value: €499,314
10-yr Capital Value: €607,492
Brixfox Score: 72.4 / 100
Comparable Properties: 24
Data Confidence: 75%
Search Radius: 10 km

True Investment Cost

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

€610,420

+60.6% over asking

Asking price€380,000
IMT — Property transfer tax (investment schedule)€18,230
IS — Stamp duty (0.8%)€3,040
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€5,700
Total acquisition costs€28,220
Renovation (est. €900/m² × 200 m²)
Substantial renovation — full bathrooms + kitchen, rewiring, plumbing, finishes.		€180,000
(€140,000–€220,000)
Furnishing & STR launch (3bd × €2500 base, budget tier)
Furniture, appliances, electronics, linens, AL licence setup, launch photography.		€22,200
All-in investment (incl. renovation & furnishing)€610,420

Gross yield (asking price)

13.8%

True gross yield (all-in)

8.6%

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: 200 m²
Style: portuguese-traditional
Condition: needs-renovation
View

AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Design Features

traditional portuguese architecturelarge garden plotbalcony with view

Score Breakdown

ROI
24.46
Visual Appeal
8.4
Ownership Security
13
Location
8.4
Land & Space
6
Rental Demand
5.16
Payback Speed
4
STR Suitability
3

Description

In the picturesque village of Odeceixe, 3km from the beach, we find this 2-story villa with a usable area of over 200m2 and a garden of about 100m2. With independent entrances for each floor, on the 1st floor we find a T3 with access to the attic and on the ground floor a large space to renovate, both with access to th

Location

📍 36.9980°N, 8.8020°W

· Aljezur, Algarve, Portugal

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

Terraced house in Rua da Liberdade, 23, Odeceixe, Aljezur

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

Grade B+ investment — short-term rental yields 9.4% 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
+13.7%
Per Year (5yr avg)
Annualized projected property value change based on historical area appreciation rates (5-year average).
Capital Growth
+4.3%
+$82K in 5yr (+22%)
Estimated monthly net income after deducting management fees, operating costs, and taxes.
ROI Nett Rental Income
9.4%
$3,227/mo
Estimated time for the total investment value (equity + accumulated rent) to double.
100% Profit
7 yr
Combined
Number of years to fully recoup the initial purchase price using only net rental income.
Payback
10.7 yr
Rental only

Property details

Condition: needs-renovation

Description

In the picturesque village of Odeceixe, 3km from the beach, we find this 2-story villa with a usable area of over 200m2 and a garden of about 100m2. With independent entrances for each floor, on the 1st floor we find a T3 with access to the attic and on the ground floor a large space to renovate, both with access to th

Income Breakdown

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Nightly Rate (ADR)
$403/night
50% ($185)Brixfox estimate($403/night)200% ($742)
Occupancy
52%
10%Brixfox estimate(52%)100%

Short-Term Rental

Yearly income
$38,719
Airbnb data$403/night · 52% occupancy
Rental income
$403/night · 52% occ.
$75,850
Running costs (20%)
Utilities, cleaning, maintenance
-$15,170
Income tax (10%)
Indonesian rental income tax
-$21,238
Property tax
Annual property tax
-$723
Net income
9.4% ROI
$38,719

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$413,043
IMT (transfer tax, investment schedule)$19,815
Imposto de Selo (stamp duty)$3,304
Notary & registration$1,359
Legal / due diligence$6,196
Total acquisition costs$30,674
Renovation (~$978/m²)
Substantial renovation — full bathrooms + kitchen, rewiring, plumbing, finishes.		$195,652
($152,174–$239,130)
Furnishing & STR launch
3bd × $2,717 base + appliances, electronics, outdoor, licence, photography, linens.		$21,957
All-in investment$661,326

Gross yield (asking)

18.4%

True gross yield (all-in)

11.5%

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 Aljezur.

$3.4M$2.5M$1.7M$842K$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Paid back2x ReturnToday: $380K
Capital appreciation
Property value growing at +4%/yr based on Aljezur 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 10: rental income alone has repaid the full purchase price.
2x return
Year 7: total gains (capital + rental) have doubled your initial investment.
Year 5
Capital Value
$462K
+22%
Rental Income
+$189K
Total Position
$651K
+71%
11.4%/yr
Year 10
Capital Value
$562K
+48%
Rental Income
+$408K
Total Position
$971K
+155%
9.8%/yr
Year 20
Capital Value
$833K
+119%
Rental Income
+$957K
Total Position
$1.8M
+371%
8.1%/yr
Year 30
Capital Value
$1.2M
+224%
Rental Income
+$1.7M
Total Position
$2.9M
+670%
7.0%/yr

Location

Aljezur

Western Algarve, Approximate area

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Villa Scorecard

Location
Average
Emerging or secondary location
Rental Yield
Strong
9.4% annual return
Occupancy
Average
52% average occupancy
Nightly Rate
Strong
$371 per night
Visual Appeal
Average
4/10 instagrammability
Size & Space
Weak
0 m² land area
Zoning
Average
STR zoning not confirmed
Tenure
Strong
Freehold ownership

Top Highlights

High rental yield at 9.4% — outperforms most villas in this market
Premium nightly rate of $371 — 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 52% — 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

32% occ.
7.7%
$2,649/mo
42% occ.
10.2%
$3,507/mo
52% occ.
12.7%
$4,365/mo
current
62% occ.
15.2%
$5,223/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.