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 B+apartmentmid-range

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

Silves · Central Algarve ·

€229,000

Asking Price (EUR)

8.7%

True Net Yield (Owner, all-in)

6.0%

True Net Yield (Managed, all-in)

13.3%

True Gross Yield

47%

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: €34,929/yr
Average Daily Rate: €206
+13.0% vs area baselineImage quality 8/10 (+3%), Modern/contemporary style (+12%), No pool (-12%), Has view (+10%)
Payback Period: 8.1 years
5-yr Capital Value: €300,903
10-yr Capital Value: €366,094
Brixfox Score: 74.9 / 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.

€262,044

+14.4% over asking

Asking price€229,000
IMT — Property transfer tax (investment schedule)€7,027
IS — Stamp duty (0.8%)€1,832
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€3,435
Total acquisition costs€13,544
Renovation€0 — move-in ready
Furnishing & STR launch (0bd × €4500 base, mid-range tier)
Furniture, appliances, electronics, linens, AL licence setup, launch photography.		€19,500
All-in investment (incl. renovation & furnishing)€262,044

Gross yield (asking price)

15.3%

True gross yield (all-in)

13.3%

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.

Bathrooms: 1
Building: 60 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 wall panelsminimalist lighting fixtureslarge sliding glass doors

Score Breakdown

ROI
25
Visual Appeal
13.6
Ownership Security
13
Location
8.4
Land & Space
3.2
Rental Demand
4.66
Payback Speed
4
STR Suitability
3

Description

Armação de Pera T0+1 New with balcony and garage 300m from the Beach Discover this elegant T0 (studio) apartment, located in a modern building with only 30 dwellings, just 300 meters from the magnificent beach of Armação de Pêra, in the heart of the Algarve. With exceptional sun exposure and a large balcony, this pro

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
60 m²
Land Plot
0 m²
Tenure
Freehold
Yield Curve Status

Grade B+ investment — short-term rental yields 10.4% net return annually.

Go to Source via Idealista.pt

The Investment

Brixfox Score75
GradeB+
Brixfox Intelligence
75B+Strong
Score Breakdown
ROI & Yield83%
Capital Growth79%
Risk Profile76%
Market Demand75%

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
+14.2%
Per Year (5yr avg)
Annualized projected property value change based on historical area appreciation rates (5-year average).
Capital Growth
+3.8%
+$43K in 5yr (+19%)
Estimated monthly net income after deducting management fees, operating costs, and taxes.
ROI Nett Rental Income
10.4%
$2,165/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
9.6 yr
Rental only

Property details

Energy: A+
Condition: new-build

Description

Armação de Pera T0+1 New with balcony and garage 300m from the Beach Discover this elegant T0 (studio) apartment, located in a modern building with only 30 dwellings, just 300 meters from the magnificent beach of Armação de Pêra, in the heart of the Algarve. With exceptional sun exposure and a large balcony, this pro

Income Breakdown

Adjust Forecast

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Nightly Rate (ADR)
$299/night
50% ($137)Brixfox estimate($299/night)200% ($550)
Occupancy
47%
10%Brixfox estimate(47%)100%

Short-Term Rental

Yearly income
$25,975
Airbnb data$299/night · 47% occupancy
Rental income
$299/night · 47% occ.
$50,789
Running costs (20%)
Utilities, cleaning, maintenance
-$10,158
Income tax (10%)
Indonesian rental income tax
-$14,221
Property tax
Annual property tax
-$436
Net income
10.4% ROI
$25,975

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$248,913
IMT (transfer tax, investment schedule)$7,638
Imposto de Selo (stamp duty)$1,991
Notary & registration$1,359
Legal / due diligence$3,734
Total acquisition costs$14,722
RenovationMove-in ready
Furnishing & STR launch
0bd × $4,891 base + appliances, electronics, outdoor, licence, photography, linens.		$21,196
All-in investment$284,830

Gross yield (asking)

20.4%

True gross yield (all-in)

17.8%

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.

$2.2M$1.6M$1.1M$540K$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Paid back2x ReturnToday: $229K
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
$279K
+22%
Rental Income
+$127K
Total Position
$405K
+77%
12.1%/yr
Year 10
Capital Value
$339K
+48%
Rental Income
+$274K
Total Position
$613K
+168%
10.3%/yr
Year 20
Capital Value
$502K
+119%
Rental Income
+$642K
Total Position
$1.1M
+400%
8.4%/yr
Year 30
Capital Value
$743K
+224%
Rental Income
+$1.1M
Total Position
$1.9M
+721%
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
10.4% annual return
Occupancy
Average
47% average occupancy
Nightly Rate
Strong
$275 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

High rental yield at 10.4% — outperforms most villas in this market
Premium nightly rate of $275 — positioned in the top tier
Freehold ownership — maximum long-term security

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.
9.0%
$1,873/mo
40% occ.
12.1%
$2,509/mo
47% occ.
14.1%
$2,927/mo
current
57% occ.
17.2%
$3,563/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.