T3 flat in Rua Teófilo Braga, Portimão
T3 flat in Rua Teófilo Braga, Portimão — image 2T3 flat in Rua Teófilo Braga, Portimão — image 3T3 flat in Rua Teófilo Braga, Portimão — image 4T3 flat in Rua Teófilo Braga, Portimão — image 5
Grade B+apartmentmid-range

T3 flat in Rua Teófilo Braga, Portimão

Portimão · Western Algarve ·

€425,000

Asking Price (EUR)

6.8%

True Net Yield (Owner, all-in)

4.7%

True Net Yield (Managed, all-in)

10.4%

True Gross Yield

62%

Occupancy

Projections — conservative (data maturing)

Our Airbnb calendar dataset started 2 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: €50,992/yr
Average Daily Rate: €224
Payback Period: 10.4 years
5-yr Capital Value: €558,444
10-yr Capital Value: €679,432
Brixfox Score: 72.1 / 100
Comparable Properties: 24
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.

€488,055

+14.8% over asking

Asking price€425,000
IMT — Property transfer tax (investment schedule)€21,830
IS — Stamp duty (0.8%)€3,400
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€6,375
Total acquisition costs€32,855
Renovation€0 — move-in ready
Furnishing & STR launch (3bd × €4500 base, mid-range tier)
Furniture, appliances, electronics, linens, AL licence setup, launch photography.		€30,200
All-in investment (incl. renovation & furnishing)€488,055

Gross yield (asking price)

12.0%

True gross yield (all-in)

10.4%

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: 94 m²
Style: modern
Condition: excellent
Energy Certificate: C
View

AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Design Features

modern circular pendant lightswood slat accent wallintegrated kitchen appliancesmarble-effect kitchen backsplash

Score Breakdown

ROI
22.61
Visual Appeal
10
Ownership Security
13
Location
9.36
Land & Space
3.88
Rental Demand
6.25
Payback Speed
4
STR Suitability
3

Description

Fully renovated and furnished 3-bedroom apartment, located in the heart of Portimão, just one street from the city's waterfront. It has a spacious and bright living room, equipped kitchen, three bedrooms with balconies and built-in wardrobes, two bathrooms, and air conditioning. With excellent sun exposure and close

Location

📍 37.1346°N, 8.5376°W

· Portimão, Algarve, Portugal

View on Engedrix Imobiliaria →Also on Idealista.pt
Idealista.pt
Portimão / Western Algarve

T3 flat in Rua Teófilo Braga, Portimão

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

Grade B+ investment — short-term rental yields 8.2% net return annually.

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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
+13.1%
Per Year (5yr avg)
Annualized projected property value change based on historical area appreciation rates (5-year average).
Capital Growth
+4.9%
+$105K in 5yr (+25%)
Estimated monthly net income after deducting management fees, operating costs, and taxes.
ROI Nett Rental Income
8.2%
$3,139/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
12.3 yr
Rental only

Property details

Energy: C
Condition: excellent

Description

Fully renovated and furnished 3-bedroom apartment, located in the heart of Portimão, just one street from the city's waterfront. It has a spacious and bright living room, equipped kitchen, three bedrooms with balconies and built-in wardrobes, two bathrooms, and air conditioning. With excellent sun exposure and close

Income Breakdown

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Nightly Rate (ADR)
$325/night
50% ($149)Brixfox estimate($325/night)200% ($597)
Occupancy
62%
10%Brixfox estimate(62%)100%

Short-Term Rental

Yearly income
$37,669
Airbnb data$325/night · 62% occupancy
Rental income
$325/night · 62% occ.
$73,995
Running costs (20%)
Utilities, cleaning, maintenance
-$14,799
Income tax (10%)
Indonesian rental income tax
-$20,718
Property tax
Annual property tax
-$808
Net income
8.2% ROI
$37,669

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$461,957
IMT (transfer tax, investment schedule)$23,728
Imposto de Selo (stamp duty)$3,696
Notary & registration$1,359
Legal / due diligence$6,929
Total acquisition costs$35,712
RenovationMove-in ready
Furnishing & STR launch
3bd × $4,891 base + appliances, electronics, outdoor, licence, photography, linens.		$32,826
All-in investment$530,495

Gross yield (asking)

16.0%

True gross yield (all-in)

13.9%

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.

$3.5M$2.6M$1.7M$870K$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Paid back2x ReturnToday: $425K
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 11: rental income alone has repaid the full purchase price.
2x return
Year 8: total gains (capital + rental) have doubled your initial investment.
Year 5
Capital Value
$517K
+22%
Rental Income
+$184K
Total Position
$701K
+65%
10.5%/yr
Year 10
Capital Value
$629K
+48%
Rental Income
+$397K
Total Position
$1.0M
+142%
9.2%/yr
Year 20
Capital Value
$931K
+119%
Rental Income
+$931K
Total Position
$1.9M
+338%
7.7%/yr
Year 30
Capital Value
$1.4M
+224%
Rental Income
+$1.6M
Total Position
$3.0M
+612%
6.8%/yr

Location

Portimão

Western Algarve, Approximate area

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Villa Scorecard

Location
Average
Emerging or secondary location
Rental Yield
Strong
8.2% annual return
Occupancy
Good
62% average occupancy
Nightly Rate
Strong
$299 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

High rental yield at 8.2% — outperforms most villas in this market
Premium nightly rate of $299 — positioned in the top tier
Freehold ownership — maximum long-term security

Watch Out

Secondary location — rental demand may be lower than premium areas
Compact plot at 0 m² — limited expansion potential

This villa is a strong investment. High rental demand and good returns make it suitable for both active and passive investors.

Risks & What-If

What if occupancy changes?

Owner Managed scenario

42% occ.
7.4%
$2,867/mo
52% occ.
9.2%
$3,558/mo
62% occ.
11.0%
$4,249/mo
current
72% occ.
12.8%
$4,940/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.