T2 flat in Rua Doutor João Zeferino Pereira, Nn, Armação de Pêra, Silves
T2 flat in Rua Doutor João Zeferino Pereira, Nn, Armação de Pêra, Silves — image 2T2 flat in Rua Doutor João Zeferino Pereira, Nn, Armação de Pêra, Silves — image 3T2 flat in Rua Doutor João Zeferino Pereira, Nn, Armação de Pêra, Silves — image 4T2 flat in Rua Doutor João Zeferino Pereira, Nn, Armação de Pêra, Silves — image 5
Grade Bapartmentmid-range

T2 flat in Rua Doutor João Zeferino Pereira, Nn, Armação de Pêra, Silves

Silves · Central Algarve ·

€430,000

Asking Price (EUR)

4.1%

True Net Yield (Owner, all-in)

2.8%

True Net Yield (Managed, all-in)

6.3%

True Gross Yield

45%

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: €30,730/yr
Average Daily Rate: €186
Payback Period: 17.4 years
5-yr Capital Value: €565,014
10-yr Capital Value: €687,425
Brixfox Score: 62.1 / 100
Comparable Properties: 66
Data Confidence: 95%
Search Radius: 2 km

True Investment Cost

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

€488,220

+13.5% over asking

Asking price€430,000
IMT — Property transfer tax (investment schedule)€22,230
IS — Stamp duty (0.8%)€3,440
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€6,450
Total acquisition costs€33,370
Renovation€0 — move-in ready
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)€488,220

Gross yield (asking price)

7.2%

True gross yield (all-in)

6.3%

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: 127 m²
Style: modern
Condition: new-build
Year Built: 2023
Energy Certificate: A
View

AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Design Features

two-tone cabinetryintegrated applianceslarge sliding glass doors

Score Breakdown

ROI
16.61
Visual Appeal
10
Ownership Security
13
Location
8.4
Land & Space
4.54
Rental Demand
4.52
Payback Speed
2
STR Suitability
3

Description

Apartment with 2 bedrooms, 1 bathroom, 2 balconies and 2 parking spaces – Modern, Spacious and 1 Minute from the Beach! Description: This incredible apartment was designed for those who value comfort, modernity and a privileged location. With generous areas and high-quality finishes, this is a unique opportunity to l

Location

📍 37.1037°N, 8.3647°W

· Silves, Algarve, Portugal

View on Legacy Group →Also on Idealista.pt
Idealista.pt
Silves / Central Algarve

T2 flat in Rua Doutor João Zeferino Pereira, Nn, Armação de Pêra, Silves

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

Grade B investment — short-term rental yields 4.8% net return annually.

Go to Source via Idealista.pt

The Investment

Brixfox Score62
GradeB
Brixfox Intelligence
62BStrong
Score Breakdown
ROI & Yield68%
Capital Growth65%
Risk Profile64%
Market Demand62%

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
+8.5%
Per Year (5yr avg)
Annualized projected property value change based on historical area appreciation rates (5-year average).
Capital Growth
+3.8%
+$81K in 5yr (+19%)
Estimated monthly net income after deducting management fees, operating costs, and taxes.
ROI Nett Rental Income
4.8%
$1,861/mo
Estimated time for the total investment value (equity + accumulated rent) to double.
100% Profit
11 yr
Combined
Number of years to fully recoup the initial purchase price using only net rental income.
Payback
20.9 yr
Rental only

Property details

Year built: 2023
Energy: A
Condition: new-build

Description

Apartment with 2 bedrooms, 1 bathroom, 2 balconies and 2 parking spaces – Modern, Spacious and 1 Minute from the Beach! Description: This incredible apartment was designed for those who value comfort, modernity and a privileged location. With generous areas and high-quality finishes, this is a unique opportunity to l

Income Breakdown

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Nightly Rate (ADR)
$270/night
50% ($124)Brixfox estimate($270/night)200% ($496)
Occupancy
45%
10%Brixfox estimate(45%)100%

Short-Term Rental

Yearly income
$22,332
Airbnb data$270/night · 45% occupancy
Rental income
$270/night · 45% occ.
$44,518
Running costs (20%)
Utilities, cleaning, maintenance
-$8,904
Income tax (10%)
Indonesian rental income tax
-$12,465
Property tax
Annual property tax
-$818
Net income
4.8% ROI
$22,332

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$467,391
IMT (transfer tax, investment schedule)$24,163
Imposto de Selo (stamp duty)$3,739
Notary & registration$1,359
Legal / due diligence$7,011
Total acquisition costs$36,272
RenovationMove-in ready
Furnishing & STR launch
2bd × $4,891 base + appliances, electronics, outdoor, licence, photography, linens.		$27,011
All-in investment$530,674

Gross yield (asking)

9.5%

True gross yield (all-in)

8.4%

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 Silves.

$2.7M$2.0M$1.4M$682K$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Paid back2x ReturnToday: $430K
Capital appreciation
Property value growing at +4%/yr based on Silves 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 17: 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
$523K
+22%
Rental Income
+$109K
Total Position
$632K
+47%
8.0%/yr
Year 10
Capital Value
$637K
+48%
Rental Income
+$236K
Total Position
$872K
+103%
7.3%/yr
Year 20
Capital Value
$942K
+119%
Rental Income
+$552K
Total Position
$1.5M
+247%
6.4%/yr
Year 30
Capital Value
$1.4M
+224%
Rental Income
+$977K
Total Position
$2.4M
+452%
5.9%/yr

Location

Silves

Central Algarve, Approximate area

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Airbnb Comp Analysis

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Villa Scorecard

Location
Average
Emerging or secondary location
Rental Yield
Average
4.8% annual return
Occupancy
Average
45% average occupancy
Nightly Rate
Strong
$248 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 $248 — positioned in the top tier
Freehold ownership — maximum long-term security

Watch Out

Secondary location — rental demand may be lower than premium areas
Yield of 4.8% is near the market average — model your cashflow carefully

Consider carefully. Returns are below market average for this price point.

Risks & What-If

What if occupancy changes?

Owner Managed scenario

30% occ.
4.2%
$1,655/mo
40% occ.
5.7%
$2,229/mo
45% occ.
6.5%
$2,529/mo
current
55% occ.
8.0%
$3,103/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.