T2 flat in Rua do Correio, Algoz e Tunes, Silves
T2 flat in Rua do Correio, Algoz e Tunes, Silves — image 2T2 flat in Rua do Correio, Algoz e Tunes, Silves — image 3T2 flat in Rua do Correio, Algoz e Tunes, Silves — image 4T2 flat in Rua do Correio, Algoz e Tunes, Silves — image 5
Grade C+apartmentmid-range

T2 flat in Rua do Correio, Algoz e Tunes, Silves

Silves · Central Algarve ·

€295,000

Asking Price (EUR)

2.6%

True Net Yield (Owner, all-in)

1.8%

True Net Yield (Managed, all-in)

4.0%

True Gross Yield

34%

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: €13,785/yr
Average Daily Rate: €112
Payback Period: 26.7 years
5-yr Capital Value: €387,626
10-yr Capital Value: €471,606
Brixfox Score: 54.5 / 100
Comparable Properties: 7
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.

€346,132

+17.3% over asking

Asking price€295,000
IMT — Property transfer tax (investment schedule)€11,647
IS — Stamp duty (0.8%)€2,360
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€4,425
Total acquisition costs€19,682
Renovation (est. €55/m² × 120 m²)
Light touch-ups — paint, fixtures, deep clean.		€6,600
(€3,600–€9,600)
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)€346,132

Gross yield (asking price)

4.7%

True gross yield (all-in)

4.0%

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
Building: 120 m²
Style: contemporary
Condition: good
View

AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Design Features

large windowsopen-plan living area

Score Breakdown

ROI
13.54
Visual Appeal
10
Ownership Security
13
Location
7.2
Land & Space
4.4
Rental Demand
3.37
Payback Speed
0
STR Suitability
3

Description

MODERN AND SPACIOUS 2-BEDROOM APARTMENT WITH 102 m² IN Tunes, WITH TWO PRIVATE PARKING SPACES, EXCELLENT LOCATION JUST MINUTES FROM THE BEACHES AND Albufeira 2-bedroom apartment with 102 m² located in Tunes, within a private condominium, in a quiet and strategic area of the Algarve, just a few minutes from the beaches

Location

📍 37.1890°N, 8.4390°W

· Silves, Algarve, Portugal

View on Imobipera →Also on Idealista.pt
Idealista.pt
Silves / Central Algarve

T2 flat in Rua do Correio, Algoz e Tunes, Silves

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

Grade C+ investment — short-term rental yields 3.1% net return annually.

Go to Source via Idealista.pt

The Investment

Brixfox Score55
GradeC+
Brixfox Intelligence
55C+Moderate
Score Breakdown
ROI & Yield61%
Capital Growth58%
Risk Profile57%
Market Demand55%

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
+6.8%
Per Year (5yr avg)
Annualized projected property value change based on historical area appreciation rates (5-year average).
Capital Growth
+3.8%
+$55K in 5yr (+19%)
Estimated monthly net income after deducting management fees, operating costs, and taxes.
ROI Nett Rental Income
3.1%
$818/mo
Estimated time for the total investment value (equity + accumulated rent) to double.
100% Profit
13 yr
Combined
Number of years to fully recoup the initial purchase price using only net rental income.
Payback
32.7 yr
Rental only

Property details

Condition: good

Description

MODERN AND SPACIOUS 2-BEDROOM APARTMENT WITH 102 m² IN Tunes, WITH TWO PRIVATE PARKING SPACES, EXCELLENT LOCATION JUST MINUTES FROM THE BEACHES AND Albufeira 2-bedroom apartment with 102 m² located in Tunes, within a private condominium, in a quiet and strategic area of the Algarve, just a few minutes from the beaches

Income Breakdown

Adjust Forecast

Customize your projections
Nightly Rate (ADR)
$162/night
50% ($75)Brixfox estimate($162/night)200% ($298)
Occupancy
34%
10%Brixfox estimate(34%)100%

Short-Term Rental

Yearly income
$9,820
Airbnb data$162/night · 34% occupancy
Rental income
$162/night · 34% occ.
$19,964
Running costs (20%)
Utilities, cleaning, maintenance
-$3,993
Income tax (10%)
Indonesian rental income tax
-$5,590
Property tax
Annual property tax
-$561
Net income
3.1% ROI
$9,820

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$320,652
IMT (transfer tax, investment schedule)$12,660
Imposto de Selo (stamp duty)$2,565
Notary & registration$1,359
Legal / due diligence$4,810
Total acquisition costs$21,393
Renovation (~$60/m²)
Light touch-ups — paint, fixtures, deep clean.		$7,174
($3,913–$10,435)
Furnishing & STR launch
2bd × $4,891 base + appliances, electronics, outdoor, licence, photography, linens.		$27,011
All-in investment$376,230

Gross yield (asking)

6.2%

True gross yield (all-in)

5.3%

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.

$1.6M$1.2M$797K$399K$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Paid back2x ReturnToday: $295K
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 24: rental income alone has repaid the full purchase price.
2x return
Year 12: total gains (capital + rental) have doubled your initial investment.
Year 5
Capital Value
$359K
+22%
Rental Income
+$48K
Total Position
$407K
+38%
6.6%/yr
Year 10
Capital Value
$437K
+48%
Rental Income
+$104K
Total Position
$540K
+83%
6.2%/yr
Year 20
Capital Value
$646K
+119%
Rental Income
+$243K
Total Position
$889K
+201%
5.7%/yr
Year 30
Capital Value
$957K
+224%
Rental Income
+$430K
Total Position
$1.4M
+370%
5.3%/yr

Location

Silves

Central Algarve, Approximate area

Loading Map...

Airbnb Comp Analysis

No nearby Airbnb listings found

Ask Brixfox AI

Conversational analysis — questions about this listing, answered from real data.

Try one of these

Villa Scorecard

Location
Average
Emerging or secondary location
Rental Yield
Average
3.1% annual return
Occupancy
Weak
34% average occupancy
Nightly Rate
Good
$149 per night
Visual Appeal
Average
5/10 instagrammability
Size & Space
Weak
0 m² land area
Zoning
Average
STR zoning not confirmed
Tenure
Strong
Freehold ownership

Top Highlights

Freehold ownership — maximum long-term security

Watch Out

Secondary location — rental demand may be lower than premium areas
Yield of 3.1% 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.
3.7%
$989/mo
40% occ.
5.0%
$1,334/mo
34% occ.
4.2%
$1,118/mo
current
44% occ.
5.5%
$1,463/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.