T3 flat in Estrada de Alvor, 11, Três Bicos, Portimão Cidade, Portimão
T3 flat in Estrada de Alvor, 11, Três Bicos, Portimão Cidade, Portimão — image 2T3 flat in Estrada de Alvor, 11, Três Bicos, Portimão Cidade, Portimão — image 3T3 flat in Estrada de Alvor, 11, Três Bicos, Portimão Cidade, Portimão — image 4T3 flat in Estrada de Alvor, 11, Três Bicos, Portimão Cidade, Portimão — image 5
Grade B+apartmentmid-range

T3 flat in Estrada de Alvor, 11, Três Bicos, Portimão Cidade, Portimão

Portimão · Western Algarve ·

€730,000

Asking Price (EUR)

4.4%

True Net Yield (Owner, all-in)

3.1%

True Net Yield (Managed, all-in)

6.8%

True Gross Yield

63%

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: €55,986/yr
Average Daily Rate: €244
Payback Period: 16.2 years
5-yr Capital Value: €959,209
10-yr Capital Value: €1.2M
Brixfox Score: 69.6 / 100
Comparable Properties: 15
Data Confidence: 81%
Search Radius: 2 km

True Investment Cost

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

€824,540

+13.0% over asking

Asking price€730,000
IMT — Property transfer tax (investment schedule)€43,800
IS — Stamp duty (0.8%)€5,840
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€10,950
Total acquisition costs€61,840
Renovation€0 — move-in ready
Furnishing & STR launch (3bd × €4500 base, mid-range tier)
Furniture, appliances, electronics, linens, AL licence setup, launch photography.		€32,700
All-in investment (incl. renovation & furnishing)€824,540

Gross yield (asking price)

7.7%

True gross yield (all-in)

6.8%

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: 3
Bathrooms: 3
Building: 460 m²
Style: contemporary
Condition: excellent
Energy Certificate: A
Private Pool

AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Design Features

modern exterior architecturecommunal swimming poolopen-plan living area

Score Breakdown

ROI
17.29
Visual Appeal
13.6
Ownership Security
13
Location
8.4
Land & Space
6
Rental Demand
6.28
Payback Speed
2
STR Suitability
3

Description

We present these magnificent T3 apartments, located in the quiet area of Três Bicos, within a gated community, with a private pool and barbecue. Ideal for those seeking comfort, tranquility, and quality of life. Schedule your visit today.

Location

📍 37.1367°N, 8.5490°W

· Portimão, Algarve, Portugal

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Idealista.pt
Portimão / Western Algarve

T3 flat in Estrada de Alvor, 11, Três Bicos, Portimão Cidade, Portimão

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

Grade B+ investment — short-term rental yields 5.2% net return annually.

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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
+10.1%
Per Year (5yr avg)
Annualized projected property value change based on historical area appreciation rates (5-year average).
Capital Growth
+4.9%
+$180K in 5yr (+25%)
Estimated monthly net income after deducting management fees, operating costs, and taxes.
ROI Nett Rental Income
5.2%
$3,415/mo
Estimated time for the total investment value (equity + accumulated rent) to double.
100% Profit
9 yr
Combined
Number of years to fully recoup the initial purchase price using only net rental income.
Payback
19.4 yr
Rental only

Property details

Energy: A
Condition: excellent

Description

We present these magnificent T3 apartments, located in the quiet area of Três Bicos, within a gated community, with a private pool and barbecue. Ideal for those seeking comfort, tranquility, and quality of life. Schedule your visit today.

Income Breakdown

Adjust Forecast

Customize your projections
Nightly Rate (ADR)
$356/night
50% ($164)Brixfox estimate($356/night)200% ($654)
Occupancy
63%
10%Brixfox estimate(63%)100%

Short-Term Rental

Yearly income
$40,978
Airbnb data$356/night · 63% occupancy
Rental income
$356/night · 63% occ.
$81,475
Running costs (20%)
Utilities, cleaning, maintenance
-$16,295
Income tax (10%)
Indonesian rental income tax
-$22,813
Property tax
Annual property tax
-$1,389
Net income
5.2% ROI
$40,978

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$793,478
IMT (transfer tax, investment schedule)$47,609
Imposto de Selo (stamp duty)$6,348
Notary & registration$1,359
Legal / due diligence$11,902
Total acquisition costs$67,217
RenovationMove-in ready
Furnishing & STR launch
3bd × $4,891 base + appliances, electronics, outdoor, licence, photography, linens.		$35,543
All-in investment$896,239

Gross yield (asking)

10.3%

True gross yield (all-in)

9.1%

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.

$4.8M$3.6M$2.4M$1.2M$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Paid back2x ReturnToday: $730K
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 16: rental income alone has repaid the full purchase price.
2x return
Year 10: total gains (capital + rental) have doubled your initial investment.
Year 5
Capital Value
$888K
+22%
Rental Income
+$200K
Total Position
$1.1M
+49%
8.3%/yr
Year 10
Capital Value
$1.1M
+48%
Rental Income
+$432K
Total Position
$1.5M
+107%
7.6%/yr
Year 20
Capital Value
$1.6M
+119%
Rental Income
+$1.0M
Total Position
$2.6M
+258%
6.6%/yr
Year 30
Capital Value
$2.4M
+224%
Rental Income
+$1.8M
Total Position
$4.2M
+470%
6.0%/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
Good
5.2% annual return
Occupancy
Good
63% average occupancy
Nightly Rate
Strong
$327 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 $327 — 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

43% occ.
4.7%
$3,123/mo
53% occ.
5.9%
$3,880/mo
63% occ.
7.0%
$4,637/mo
current
73% occ.
8.2%
$5,394/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.