Terraced house in Val 2091, Caravela, Alcantarilha
Terraced house in Val 2091, Caravela, Alcantarilha — image 2Terraced house in Val 2091, Caravela, Alcantarilha — image 3Terraced house in Val 2091, Caravela, Alcantarilha — image 4Terraced house in Val 2091, Caravela, Alcantarilha — image 5
Grade Bvillabudget

Terraced house in Val 2091, Caravela, Alcantarilha

Silves · Central Algarve ·

€170,000

Asking Price (EUR)

2.6%

True Net Yield (Owner, all-in)

1.8%

True Net Yield (Managed, all-in)

4.1%

True Gross Yield

54%

Occupancy

Projections — conservative (data maturing)

Our Airbnb calendar dataset started 2.1 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: €14,559/yr
Average Daily Rate: €74
-48.0% vs area baselineImage quality 4/10 (-9%), Dated style (-15%), No pool (-12%), Budget finish (-12%)
Payback Period: 15.4 years
5-yr Capital Value: €236,517
10-yr Capital Value: €287,759
Brixfox Score: 60.2 / 100
Comparable Properties: 5
Data Confidence: 63%
Search Radius: 4 km

True Investment Cost

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

€359,308

+111.4% over asking

Asking price€170,000
IMT — Property transfer tax (investment schedule)€3,298
IS — Stamp duty (0.8%)€1,360
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€2,550
Total acquisition costs€8,458
Renovation (est. €900/m² × 180 m²)
Substantial renovation — full bathrooms + kitchen, rewiring, plumbing, finishes.		€162,000
(€126,000–€198,000)
Furnishing & STR launch (2bd × €2500 base, budget tier)
Furniture, appliances, electronics, linens, AL licence setup, launch photography.		€18,850
All-in investment (incl. renovation & furnishing)€359,308

Gross yield (asking price)

8.6%

True gross yield (all-in)

4.1%

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
Bathrooms: 2
Building: 180 m²
Land: 180 m²
Style: dated
Condition: needs-renovation
Year Built: 1950
Energy Certificate: C

AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Score Breakdown

ROI
17.73
Visual Appeal
5.4
Ownership Security
13
Location
8.4
Land & Space
4.21
Rental Demand
5.42
Payback Speed
3
STR Suitability
3

Description

This commercial space, formerly a café and snack bar, offers excellent versatility. With 180 m² of gross area and 85 m² of usable area, it is ideal for those looking for a new business or wishing to transform the place into a single-family home. The property has 5 spacious rooms, perfect for creating welcoming environm

Location

📍 37.1890°N, 8.4390°W

· Silves, Algarve, Portugal

View on EQUIPA FERNANDO SANTOS imobiliária →Also on Idealista.pt
Idealista.pt
Silves / Central Algarve

Terraced house in Val 2091, Caravela, Alcantarilha

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

Grade B investment — short-term rental yields 5.7% net return annually.

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The Investment

Brixfox Score60
GradeB
Brixfox Intelligence
60BStrong
Score Breakdown
ROI & Yield66%
Capital Growth63%
Risk Profile62%
Market Demand60%

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
+9.5%
Per Year (5yr avg)
Annualized projected property value change based on historical area appreciation rates (5-year average).
Capital Growth
+3.8%
+$32K in 5yr (+19%)
Estimated monthly net income after deducting management fees, operating costs, and taxes.
ROI Nett Rental Income
5.7%
$885/mo
Estimated time for the total investment value (equity + accumulated rent) to double.
100% Profit
10 yr
Combined
Number of years to fully recoup the initial purchase price using only net rental income.
Payback
17.4 yr
Rental only

Property details

Year built: 1950
Energy: C
Condition: needs-renovation

Description

This commercial space, formerly a café and snack bar, offers excellent versatility. With 180 m² of gross area and 85 m² of usable area, it is ideal for those looking for a new business or wishing to transform the place into a single-family home. The property has 5 spacious rooms, perfect for creating welcoming environm

Income Breakdown

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Nightly Rate (ADR)
$106/night
50% ($49)Brixfox estimate($106/night)200% ($196)
Occupancy
54%
10%Brixfox estimate(54%)100%

Short-Term Rental

Yearly income
$10,615
Airbnb data$106/night · 54% occupancy
Rental income
$106/night · 54% occ.
$21,035
Running costs (20%)
Utilities, cleaning, maintenance
-$4,207
Income tax (10%)
Indonesian rental income tax
-$5,890
Property tax
Annual property tax
-$323
Net income
5.7% ROI
$10,615

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$184,783
IMT (transfer tax, investment schedule)$3,585
Imposto de Selo (stamp duty)$1,478
Notary & registration$1,359
Legal / due diligence$2,772
Total acquisition costs$9,193
Renovation (~$978/m²)
Substantial renovation — full bathrooms + kitchen, rewiring, plumbing, finishes.		$176,087
($136,957–$215,217)
Furnishing & STR launch
2bd × $2,717 base + appliances, electronics, outdoor, licence, photography, linens.		$18,315
All-in investment$388,378

Gross yield (asking)

11.4%

True gross yield (all-in)

5.4%

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.

$1.2M$876K$584K$292K$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Paid back2x ReturnToday: $170K
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 15: rental income alone has repaid the full purchase price.
2x return
Year 9: total gains (capital + rental) have doubled your initial investment.
Year 5
Capital Value
$207K
+22%
Rental Income
+$52K
Total Position
$259K
+52%
8.8%/yr
Year 10
Capital Value
$252K
+48%
Rental Income
+$112K
Total Position
$364K
+114%
7.9%/yr
Year 20
Capital Value
$372K
+119%
Rental Income
+$262K
Total Position
$635K
+273%
6.8%/yr
Year 30
Capital Value
$551K
+224%
Rental Income
+$465K
Total Position
$1.0M
+498%
6.1%/yr

Location

Silves

Central Algarve, Approximate area

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Villa Scorecard

Location
Average
Emerging or secondary location
Rental Yield
Good
5.7% annual return
Occupancy
Average
54% average occupancy
Nightly Rate
Average
$98 per night
Visual Appeal
Weak
2/10 instagrammability
Size & Space
Average
180 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
Occupancy at 54% — 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

34% occ.
4.9%
$747/mo
44% occ.
6.3%
$974/mo
54% occ.
7.8%
$1,200/mo
current
64% occ.
9.3%
$1,427/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.