Terraced house in Rua Dom Paio Peres Correia, 20, Centro da Cidade, Silves
Terraced house in Rua Dom Paio Peres Correia, 20, Centro da Cidade, Silves — image 2Terraced house in Rua Dom Paio Peres Correia, 20, Centro da Cidade, Silves — image 3Terraced house in Rua Dom Paio Peres Correia, 20, Centro da Cidade, Silves — image 4Terraced house in Rua Dom Paio Peres Correia, 20, Centro da Cidade, Silves — image 5
Grade Cvillabudget

Terraced house in Rua Dom Paio Peres Correia, 20, Centro da Cidade, Silves

Silves · Central Algarve ·

€210,000

Asking Price (EUR)

1.2%

True Net Yield (Owner, all-in)

0.8%

True Net Yield (Managed, all-in)

1.8%

True Gross Yield

16%

Occupancy

Projections — conservative (data maturing)

Our Airbnb calendar dataset started 1.3 months ago and is currently at 11% maturity. Yields shown apply a conservative calibration (realised-ADR factor 0.73, occupancy cap 66%) that auto-fades to full fidelity by April 2027.

Projected Gross Revenue: €6,381/yr
Average Daily Rate: €111
Payback Period: 40.0 years
5-yr Capital Value: €275,937
10-yr Capital Value: €335,719
Brixfox Score: 40.6 / 100
Comparable Properties: 4
Data Confidence: 78%
Search Radius: 2 km

True Investment Cost

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

€359,177

+71.0% over asking

Asking price€210,000
IMT — Property transfer tax (investment schedule)€5,697
IS — Stamp duty (0.8%)€1,680
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€3,150
Total acquisition costs€11,777
Renovation (est. €900/m² × 128 m²)
Substantial renovation — full bathrooms + kitchen, rewiring, plumbing, finishes.		€115,200
(€89,600–€140,800)
Furnishing & STR launch (3bd × €2500 base, budget tier)
Furniture, appliances, electronics, linens, AL licence setup, launch photography.		€22,200
All-in investment (incl. renovation & furnishing)€359,177

Gross yield (asking price)

3.0%

True gross yield (all-in)

1.8%

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: 2
Building: 128 m²
Land: 63 m²
Style: dated
Condition: needs-renovation
Year Built: 1951
Energy Certificate: D

AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Design Features

green-tiled-facadecobblestone-street

Score Breakdown

ROI
10.56
Visual Appeal
3.6
Ownership Security
13
Location
7.2
Land & Space
1.66
Rental Demand
1.58
Payback Speed
0
STR Suitability
3

Description

Excellent investment opportunity or own housing in the heart of Silves. T3 house consisting of ground floor and first floor, with great potential for Local Accommodation or family residence. The property has 4 bedrooms, 2 bathrooms, kitchen, pantry and leisure area, offering well-distributed and functional spaces. It

Location

📍 37.1892°N, 8.4430°W

· Silves, Algarve, Portugal

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Idealista.pt
Silves / Central Algarve

Terraced house in Rua Dom Paio Peres Correia, 20, Centro da Cidade, Silves

Inventory
3 Beds
Bathrooms
2 Baths
Built Area
128 m²
Land Plot
63 m²
Tenure
Freehold
Yield Curve Status

Grade C investment — short-term rental yields 2.0% net return annually.

Go to Source via Idealista.pt

The Investment

Brixfox Score41
GradeC
Brixfox Intelligence
41CModerate
Score Breakdown
ROI & Yield45%
Capital Growth43%
Risk Profile44%
Market Demand41%

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
+5.7%
Per Year (5yr avg)
Annualized projected property value change based on historical area appreciation rates (5-year average).
Capital Growth
+3.8%
+$39K in 5yr (+19%)
Estimated monthly net income after deducting management fees, operating costs, and taxes.
ROI Nett Rental Income
2.0%
$378/mo
Estimated time for the total investment value (equity + accumulated rent) to double.
100% Profit
15 yr
Combined
Number of years to fully recoup the initial purchase price using only net rental income.
Payback
50.4 yr
Rental only

Property details

Year built: 1951
Energy: D
Condition: needs-renovation

Description

Excellent investment opportunity or own housing in the heart of Silves. T3 house consisting of ground floor and first floor, with great potential for Local Accommodation or family residence. The property has 4 bedrooms, 2 bathrooms, kitchen, pantry and leisure area, offering well-distributed and functional spaces. It

Income Breakdown

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Nightly Rate (ADR)
$165/night
50% ($76)Brixfox estimate($165/night)200% ($303)
Occupancy
16%
10%Brixfox estimate(16%)100%

Short-Term Rental

Yearly income
$4,531
Airbnb data$165/night · 16% occupancy
Rental income
$165/night · 16% occ.
$9,483
Running costs (20%)
Utilities, cleaning, maintenance
-$1,897
Income tax (10%)
Indonesian rental income tax
-$2,655
Property tax
Annual property tax
-$399
Net income
2.0% ROI
$4,531

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$228,261
IMT (transfer tax, investment schedule)$6,192
Imposto de Selo (stamp duty)$1,826
Notary & registration$1,359
Legal / due diligence$3,424
Total acquisition costs$12,801
Renovation (~$978/m²)
Substantial renovation — full bathrooms + kitchen, rewiring, plumbing, finishes.		$125,217
($97,391–$153,043)
Furnishing & STR launch
3bd × $2,717 base + appliances, electronics, outdoor, licence, photography, linens.		$21,957
All-in investment$388,236

Gross yield (asking)

4.2%

True gross yield (all-in)

2.4%

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.

$1.0M$759K$506K$253K$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 302x ReturnToday: $210K
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.
2x return
Year 14: total gains (capital + rental) have doubled your initial investment.
Year 5
Capital Value
$255K
+22%
Rental Income
+$22K
Total Position
$278K
+32%
5.7%/yr
Year 10
Capital Value
$311K
+48%
Rental Income
+$48K
Total Position
$359K
+71%
5.5%/yr
Year 20
Capital Value
$460K
+119%
Rental Income
+$112K
Total Position
$572K
+172%
5.1%/yr
Year 30
Capital Value
$681K
+224%
Rental Income
+$198K
Total Position
$879K
+319%
4.9%/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
Weak
2.0% annual return
Occupancy
Weak
16% average occupancy
Nightly Rate
Good
$152 per night
Visual Appeal
Weak
2/10 instagrammability
Size & Space
Weak
63 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 2.0% is below 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.
5.4%
$1,019/mo
40% occ.
7.2%
$1,370/mo
16% occ.
2.7%
$520/mo
current
26% occ.
4.6%
$871/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.