T3 flat in Rua Serpa Pinto, Zona Ribeirinha, Portimão Cidade, Portimão
T3 flat in Rua Serpa Pinto, Zona Ribeirinha, Portimão Cidade, Portimão — image 2T3 flat in Rua Serpa Pinto, Zona Ribeirinha, Portimão Cidade, Portimão — image 3T3 flat in Rua Serpa Pinto, Zona Ribeirinha, Portimão Cidade, Portimão — image 4T3 flat in Rua Serpa Pinto, Zona Ribeirinha, Portimão Cidade, Portimão — image 5
Grade B+apartmentmid-range

T3 flat in Rua Serpa Pinto, Zona Ribeirinha, Portimão Cidade, Portimão

Portimão · Western Algarve ·

€420,000

Asking Price (EUR)

6.3%

True Net Yield (Owner, all-in)

4.3%

True Net Yield (Managed, all-in)

9.6%

True Gross Yield

64%

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: €46,495/yr
Average Daily Rate: €200
Payback Period: 11.2 years
5-yr Capital Value: €551,874
10-yr Capital Value: €671,439
Brixfox Score: 72.1 / 100
Comparable Properties: 16
Data Confidence: 85%
Search Radius: 2 km

True Investment Cost

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

€482,540

+14.9% over asking

Asking price€420,000
IMT — Property transfer tax (investment schedule)€21,430
IS — Stamp duty (0.8%)€3,360
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€6,300
Total acquisition costs€32,340
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)€482,540

Gross yield (asking price)

11.1%

True gross yield (all-in)

9.6%

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: 3
Building: 146 m²
Style: contemporary
Condition: excellent
Year Built: 2019
Energy Certificate: A
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AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Design Features

modern facade with varied window sizesred accent wallrooftop terrace potential

Score Breakdown

ROI
21.49
Visual Appeal
10
Ownership Security
13
Location
9.36
Land & Space
4.92
Rental Demand
6.37
Payback Speed
4
STR Suitability
3

Description

Contemporary architectural building, integrated into a "historic block" in the riverside area of the city of Portimão.   About 2 minutes from the pedestrian walkway where you can enjoy a magnificent view over the Arade River, you can also find a whole range of leisure services, sports and cultural infrastructure, rest

Location

📍 37.1388°N, 8.5353°W

· Portimão, Algarve, Portugal

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

T3 flat in Rua Serpa Pinto, Zona Ribeirinha, Portimão Cidade, Portimão

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

Grade B+ investment — short-term rental yields 7.5% 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
+12.4%
Per Year (5yr avg)
Annualized projected property value change based on historical area appreciation rates (5-year average).
Capital Growth
+4.9%
+$103K in 5yr (+25%)
Estimated monthly net income after deducting management fees, operating costs, and taxes.
ROI Nett Rental Income
7.5%
$2,863/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
13.3 yr
Rental only

Property details

Year built: 2019
Energy: A
Condition: excellent

Description

Contemporary architectural building, integrated into a "historic block" in the riverside area of the city of Portimão.   About 2 minutes from the pedestrian walkway where you can enjoy a magnificent view over the Arade River, you can also find a whole range of leisure services, sports and cultural infrastructure, rest

Income Breakdown

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Customize your projections
Nightly Rate (ADR)
$291/night
50% ($134)Brixfox estimate($291/night)200% ($535)
Occupancy
64%
10%Brixfox estimate(64%)100%

Short-Term Rental

Yearly income
$34,351
Airbnb data$291/night · 64% occupancy
Rental income
$291/night · 64% occ.
$67,597
Running costs (20%)
Utilities, cleaning, maintenance
-$13,519
Income tax (10%)
Indonesian rental income tax
-$18,927
Property tax
Annual property tax
-$799
Net income
7.5% ROI
$34,351

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$456,522
IMT (transfer tax, investment schedule)$23,293
Imposto de Selo (stamp duty)$3,652
Notary & registration$1,359
Legal / due diligence$6,848
Total acquisition costs$35,152
RenovationMove-in ready
Furnishing & STR launch
3bd × $4,891 base + appliances, electronics, outdoor, licence, photography, linens.		$32,826
All-in investment$524,500

Gross yield (asking)

14.8%

True gross yield (all-in)

12.9%

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.

$3.3M$2.5M$1.6M$824K$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Paid back2x ReturnToday: $420K
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 12: 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
$511K
+22%
Rental Income
+$168K
Total Position
$679K
+62%
10.1%/yr
Year 10
Capital Value
$622K
+48%
Rental Income
+$362K
Total Position
$984K
+134%
8.9%/yr
Year 20
Capital Value
$920K
+119%
Rental Income
+$849K
Total Position
$1.8M
+321%
7.5%/yr
Year 30
Capital Value
$1.4M
+224%
Rental Income
+$1.5M
Total Position
$2.9M
+582%
6.6%/yr

Location

Portimão

Western Algarve, Approximate area

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Villa Scorecard

Location
Average
Emerging or secondary location
Rental Yield
Good
7.5% annual return
Occupancy
Good
64% average occupancy
Nightly Rate
Strong
$267 per night
Visual Appeal
Good
6/10 instagrammability
Size & Space
Weak
0 m² land area
Zoning
Average
STR zoning not confirmed
Tenure
Strong
Freehold ownership

Top Highlights

Premium nightly rate of $267 — 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

44% occ.
6.9%
$2,639/mo
54% occ.
8.6%
$3,258/mo
64% occ.
10.2%
$3,877/mo
current
74% occ.
11.8%
$4,495/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.