T0 (studio) in Rua da Alegria, Nn, Armação de Pêra, Silves
T0 (studio) in Rua da Alegria, Nn, Armação de Pêra, Silves — image 2T0 (studio) in Rua da Alegria, Nn, Armação de Pêra, Silves — image 3T0 (studio) in Rua da Alegria, Nn, Armação de Pêra, Silves — image 4T0 (studio) in Rua da Alegria, Nn, Armação de Pêra, Silves — image 5
Grade Aapartmentluxury

T0 (studio) in Rua da Alegria, Nn, Armação de Pêra, Silves

Silves · Central Algarve ·

€242,000

Asking Price (EUR)

8.4%

True Net Yield (Owner, all-in)

5.8%

True Net Yield (Managed, all-in)

12.9%

True Gross Yield

47%

Occupancy

Projections — conservative (data maturing)

Our Airbnb calendar dataset started 1.7 months ago and is currently at 14% maturity. Yields shown apply a conservative calibration (realised-ADR factor 0.74, occupancy cap 66%) that auto-fades to full fidelity by April 2027.

Projected Gross Revenue: €37,154/yr
Average Daily Rate: €219
Payback Period: 8.0 years
5-yr Capital Value: €317,984
10-yr Capital Value: €386,877
Brixfox Score: 75.6 / 100
Comparable Properties: 64
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.

€287,853

+18.9% over asking

Asking price€242,000
IMT — Property transfer tax (investment schedule)€7,937
IS — Stamp duty (0.8%)€1,936
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€3,630
Total acquisition costs€14,753
Renovation€0 — move-in ready
Furnishing & STR launch (0bd × €8000 base, luxury tier)
Furniture, appliances, electronics, linens, AL licence setup, launch photography.		€31,100
All-in investment (incl. renovation & furnishing)€287,853

Gross yield (asking price)

15.3%

True gross yield (all-in)

12.9%

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.

Bathrooms: 1
Building: 66 m²
Style: modern
Condition: new-build
Energy Certificate: A
View

AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Design Features

integrated kitchen appliancesslatted room dividerminimalist decorintegrated lighting

Score Breakdown

ROI
25
Visual Appeal
14.2
Ownership Security
13
Location
8.4
Land & Space
3.32
Rental Demand
4.66
Payback Speed
4
STR Suitability
3

Description

Apartment T0 New 300m from the Beach – Armação de Pêra Discover the perfect balance between comfort, modernity and privileged location in this T0 apartment inserted in a new and exclusive building, with only 30 dwellings, just 300 meters from the stunning beach of Armação de Pêra. With an exceptional sun exposure and

Location

📍 37.1056°N, 8.3641°W

· Silves, Algarve, Portugal

View on Vila Lusa Imobiliária →Also on Idealista.pt
Idealista.pt
Silves / Central Algarve

T0 (studio) in Rua da Alegria, Nn, Armação de Pêra, Silves

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

Grade A investment — short-term rental yields 10.6% net return annually.

Go to Source via Idealista.pt

The Investment

Brixfox Score76
GradeA
Brixfox Intelligence
76AExcellent
Score Breakdown
ROI & Yield84%
Capital Growth80%
Risk Profile77%
Market Demand76%

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
+14.3%
Per Year (5yr avg)
Annualized projected property value change based on historical area appreciation rates (5-year average).
Capital Growth
+3.8%
+$45K in 5yr (+19%)
Estimated monthly net income after deducting management fees, operating costs, and taxes.
ROI Nett Rental Income
10.6%
$2,318/mo
Estimated time for the total investment value (equity + accumulated rent) to double.
100% Profit
7 yr
Combined
Number of years to fully recoup the initial purchase price using only net rental income.
Payback
9.5 yr
Rental only

Property details

Energy: A
Condition: new-build

Description

Apartment T0 New 300m from the Beach – Armação de Pêra Discover the perfect balance between comfort, modernity and privileged location in this T0 apartment inserted in a new and exclusive building, with only 30 dwellings, just 300 meters from the stunning beach of Armação de Pêra. With an exceptional sun exposure and

Income Breakdown

Adjust Forecast

Customize your projections
Nightly Rate (ADR)
$320/night
50% ($147)Brixfox estimate($320/night)200% ($589)
Occupancy
47%
10%Brixfox estimate(47%)100%

Short-Term Rental

Yearly income
$27,820
Airbnb data$320/night · 47% occupancy
Rental income
$320/night · 47% occ.
$54,385
Running costs (20%)
Utilities, cleaning, maintenance
-$10,877
Income tax (10%)
Indonesian rental income tax
-$15,228
Property tax
Annual property tax
-$460
Net income
10.6% ROI
$27,820

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$263,043
IMT (transfer tax, investment schedule)$8,627
Imposto de Selo (stamp duty)$2,104
Notary & registration$1,359
Legal / due diligence$3,946
Total acquisition costs$16,036
RenovationMove-in ready
Furnishing & STR launch
0bd × $8,696 base + appliances, electronics, outdoor, licence, photography, linens.		$33,804
All-in investment$312,884

Gross yield (asking)

20.7%

True gross yield (all-in)

17.4%

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.

$2.3M$1.7M$1.2M$576K$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Paid back2x ReturnToday: $242K
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 9: rental income alone has repaid the full purchase price.
2x return
Year 7: total gains (capital + rental) have doubled your initial investment.
Year 5
Capital Value
$294K
+22%
Rental Income
+$136K
Total Position
$430K
+78%
12.2%/yr
Year 10
Capital Value
$358K
+48%
Rental Income
+$293K
Total Position
$652K
+169%
10.4%/yr
Year 20
Capital Value
$530K
+119%
Rental Income
+$688K
Total Position
$1.2M
+403%
8.4%/yr
Year 30
Capital Value
$785K
+224%
Rental Income
+$1.2M
Total Position
$2.0M
+728%
7.3%/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
Strong
10.6% annual return
Occupancy
Average
47% average occupancy
Nightly Rate
Strong
$294 per night
Visual Appeal
Strong
8/10 instagrammability
Size & Space
Weak
0 m² land area
Zoning
Average
STR zoning not confirmed
Tenure
Strong
Freehold ownership

Top Highlights

High rental yield at 10.6% — outperforms most villas in this market
Premium nightly rate of $294 — positioned in the top tier
Stunning visuals with 8/10 instagrammability — commands premium nightly rates

Watch Out

Secondary location — rental demand may be lower than premium areas
Occupancy at 47% — factor in seasonal gaps

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

Risks & What-If

What if occupancy changes?

Owner Managed scenario

30% occ.
9.2%
$2,006/mo
40% occ.
12.3%
$2,687/mo
47% occ.
14.3%
$3,134/mo
current
57% occ.
17.4%
$3,816/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.