T1 flat, Silves, Centro da Cidade, Silves
T1 flat, Silves, Centro da Cidade, Silves — image 2T1 flat, Silves, Centro da Cidade, Silves — image 3T1 flat, Silves, Centro da Cidade, Silves — image 4T1 flat, Silves, Centro da Cidade, Silves — image 5
Grade C+apartmentmid-range

T1 flat, Silves, Centro da Cidade, Silves

Silves · Central Algarve ·

€210,000

Asking Price (EUR)

4.1%

True Net Yield (Owner, all-in)

2.3%

True Net Yield (Managed, all-in)

5.9%

True Gross Yield

40%

Occupancy

Projections — conservative (data maturing)

Our Airbnb calendar dataset started 2.2 months ago and is currently at 19% maturity. Yields shown apply a conservative calibration (realised-ADR factor 0.76, occupancy cap 67%) that auto-fades to full fidelity by April 2027.

Projected Gross Revenue: €14,271/yr
Average Daily Rate: €98
+10.0% vs area baselineModern/contemporary style (+12%), No pool (-12%), Has view (+10%)
Payback Period: 46.0 years
5-yr Capital Value: €243,448
10-yr Capital Value: €282,222
Brixfox Score: 52 / 100
Comparable Properties: 12
Data Confidence: 83%
Search Radius: 2 km

True Investment Cost

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

€241,277

+14.9% 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€0 — move-in ready
Furnishing & STR launch (1bd × €4500 base, mid-range tier)
Furniture, appliances, electronics, linens, AL licence setup, launch photography.		€19,500
All-in investment (incl. renovation & furnishing)€241,277

Gross yield (asking price)

6.8%

True gross yield (all-in)

5.9%

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.

Bedrooms: 1
Bathrooms: 1
Building: 49 m²
Style: modern
Condition: excellent
Year Built: 1988
Energy Certificate: D
View

AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Design Features

integrated kitchen storagebuilt-in wardrobe with drawers

Score Breakdown

ROI
8.6
Visual Appeal
11.2
Ownership Security
13
Location
7.2
Land & Space
2.98
Rental Demand
4
Payback Speed
1
STR Suitability
4

Description

This fully renovated ground floor, East facing, 1-bedroom apartment of 49.46m2 offers an excellent opportunity to own a stylish and practical home just a short stroll from the iconic castle and all local amenities of Silves city. The property features a well-planned layout with an open-plan living room and kitchen are

Location

📍 37.1887°N, 8.4372°W

· Silves, Algarve, Portugal

View on Vernon Algarve Mediação imobiliária Lda →Also on Idealista.pt
T1 flat, Silves, Centro da Cidade, Silves
Idealista.pt
Source verified

T1 flat, Silves, Centro da Cidade, Silves

Silves · Central Algarve · Freehold · Ref BF-5434
Ownership
Freehold
Bedrooms
1
Bathrooms
1
Built area
49 m²
True net yield
2.2%
≈ $1,089/mo net after costs & tax
Brixfox Score 52 · C+

Property details

Year built: 1988
Energy: D
Condition: excellent

Description

This fully renovated ground floor, East facing, 1-bedroom apartment of 49.46m2 offers an excellent opportunity to own a stylish and practical home just a short stroll from the iconic castle and all local amenities of Silves city. The property features a well-planned layout with an open-plan living room and kitchen are

Income Breakdown

Figures are modelled estimates derived from comparable short-term-rental data — not guaranteed returns or financial advice. Do your own due diligence before investing.

Adjust Forecast

Customize your projections
Nightly Rate (ADR)
$141/night
50% ($65)Brixfox estimate($141/night)200% ($259)
Occupancy
40%
10%Brixfox estimate(40%)100%

Short-Term Rental

Yearly income
$9,883
Airbnb data$141/night · 40% occupancy
Rental income
$141/night · 40% occ.
$19,005
Running costs (20%)
Utilities, cleaning, maintenance
-$3,801
Income tax (10%)
Indonesian rental income tax
-$5,322
Property tax
Annual property tax
-$0
Net income
4.3% ROI
$9,883

Long-Term Rental

No long-term rental data available

Not enough comparable rentals in this area

Airbnb Comp Analysis

No nearby Airbnb listings found

Investment Returns

After-tax net yield · all-in cost basis

Approx. location

Net Yield · Fully-Managed · After Tax

2.2%

on all-in cost of $262,087

Scenario
Pre-tax
After-tax
Owner-managed
5.0%
4.3%
Fully-managed
2.8%
2.2%
After-tax nets ~28% non-resident IRS on AL income (simplified regime). Yields are on the all-in acquisition cost, not the asking price.

Gross Yield

7.3%

Annual Revenue

$19,005

Income Tax / yr

$1,663

Payback

46 yrs

True All-In Cost
Asking price$228,261
IMT — transfer tax (non-resident 7.5%)$17,120
Stamp duty (0.8%)$1,826
Notary + registry$2,174
Legal$4,011
Furnishing + STR launch$8,696
All-in cost$262,087

Growth & Exit Strategy

How your investment grows over time

Freehold — 4%/yr appreciation in Silves.

$1.3M$961K$640K$320K$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Paid back2x 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.
Paid back
Year 18: rental income alone has repaid the full purchase price.
2x return
Year 11: total gains (capital + rental) have doubled your initial investment.
Year 5
Capital Value
$255K
+22%
Rental Income
+$48K
Total Position
$304K
+45%
7.7%/yr
Year 10
Capital Value
$311K
+48%
Rental Income
+$104K
Total Position
$415K
+98%
7.1%/yr
Year 20
Capital Value
$460K
+119%
Rental Income
+$244K
Total Position
$704K
+235%
6.2%/yr
Year 30
Capital Value
$681K
+224%
Rental Income
+$433K
Total Position
$1.1M
+430%
5.7%/yr

Location

Silves

Central Algarve, Approximate area

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Villa Scorecard

Location
Average
Emerging or secondary location
Rental Yield
Average
4.3% annual return
Occupancy
Weak
40% average occupancy
Nightly Rate
Good
$129 per night
Visual Appeal
Good
6/10 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 4.3% 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.
4.7%
$899/mo
40% occ.
6.3%
$1,199/mo
current
40% occ.
6.3%
$1,197/mo
current
50% occ.
7.9%
$1,497/mo

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Data Sources & Methodology

ROI calculations use verified Brixfox Intelligence rental data from a 12-month trailing window. Opex: 20% owner-managed, 45% fully-managed. Market factors in Portugal may impact actual yields.

Asking price · Freehold
$228,261
2.2%
Net yield
View original listing
Source verified · Idealista.pt · listed 2 Jun 2026
Estimates, not financial advice. Yields modelled from real Airbnb data.