Terraced house in Algoz e Tunes, Silves
Terraced house in Algoz e Tunes, Silves — image 2Terraced house in Algoz e Tunes, Silves — image 3Terraced house in Algoz e Tunes, Silves — image 4Terraced house in Algoz e Tunes, Silves — image 5
Grade Bvillabudget

Terraced house in Algoz e Tunes, Silves

Silves · Central Algarve ·

€1.3M

Asking Price (EUR)

1.9%

True Net Yield (Owner, all-in)

1.3%

True Net Yield (Managed, all-in)

2.9%

True Gross Yield

22%

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: €48,889/yr
Average Daily Rate: €622
-18.0% vs area baselineImage quality 4/10 (-9%), Portuguese-traditional style (+5%), No pool (-12%), Has view (+10%), Budget finish (-12%)
Payback Period: 32.8 years
5-yr Capital Value: €1.7M
10-yr Capital Value: €2.1M
Brixfox Score: 56.7 / 100
Comparable Properties: 3
Data Confidence: 59%
Search Radius: 6 km

True Investment Cost

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

€1.7M

+28.9% over asking

Asking price€1.3M
IMT — Property transfer tax (investment schedule)€97,500
IS — Stamp duty (0.8%)€10,400
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€19,500
Total acquisition costs€128,650
Renovation (est. €900/m² × 239 m²)
Substantial renovation — full bathrooms + kitchen, rewiring, plumbing, finishes.		€215,100
(€167,300–€262,900)
Furnishing & STR launch (6bd × €2500 base, budget tier)
Furniture, appliances, electronics, linens, AL licence setup, launch photography.		€32,250
All-in investment (incl. renovation & furnishing)€1.7M

Gross yield (asking price)

3.8%

True gross yield (all-in)

2.9%

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: 6
Bathrooms: 3
Building: 239 m²
Land: 79384 m²
Style: portuguese-traditional
Condition: needs-renovation
Year Built: 1951
Energy Certificate: Exempt
View

AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Design Features

rural settingmultiple structures for potential development

Score Breakdown

ROI
11.33
Visual Appeal
8
Ownership Security
13
Location
7.2
Land & Space
12
Rental Demand
2.16
Payback Speed
0
STR Suitability
3

Description

Discover Quinta dos Cortezãos, a remarkable property rich with history and potential, located between Tunes and Algoz. This expansive farm spans nearly 8 hectares and offers a unique opportunity for development, whether for agriculture, agrotourism, or both. The property includes two urban parcels: one with 144 square

Location

📍 37.1686°N, 8.2700°W

· Silves, Algarve, Portugal

View on Divine Home Real Estate Portugal →Also on Idealista.pt
Idealista.pt
Silves / Central Algarve

Terraced house in Algoz e Tunes, Silves

Inventory
6 Beds
Bathrooms
3 Baths
Built Area
239 m²
Land Plot
79384 m²
Tenure
Freehold
Yield Curve Status

Grade B investment — short-term rental yields 2.5% net return annually.

Go to Source via Idealista.pt

The Investment

Brixfox Score57
GradeB
Brixfox Intelligence
57BStrong
Score Breakdown
ROI & Yield63%
Capital Growth60%
Risk Profile59%
Market Demand57%

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
+6.2%
Per Year (5yr avg)
Annualized projected property value change based on historical area appreciation rates (5-year average).
Capital Growth
+3.8%
+$244K in 5yr (+19%)
Estimated monthly net income after deducting management fees, operating costs, and taxes.
ROI Nett Rental Income
2.5%
$2,893/mo
Estimated time for the total investment value (equity + accumulated rent) to double.
100% Profit
14 yr
Combined
Number of years to fully recoup the initial purchase price using only net rental income.
Payback
40.7 yr
Rental only

Property details

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

Description

Discover Quinta dos Cortezãos, a remarkable property rich with history and potential, located between Tunes and Algoz. This expansive farm spans nearly 8 hectares and offers a unique opportunity for development, whether for agriculture, agrotourism, or both. The property includes two urban parcels: one with 144 square

Income Breakdown

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Nightly Rate (ADR)
$909/night
50% ($418)Brixfox estimate($909/night)200% ($1673)
Occupancy
22%
10%Brixfox estimate(22%)100%

Short-Term Rental

Yearly income
$34,717
Airbnb data$909/night · 22% occupancy
Rental income
$909/night · 22% occ.
$71,520
Running costs (20%)
Utilities, cleaning, maintenance
-$14,304
Income tax (10%)
Indonesian rental income tax
-$20,025
Property tax
Annual property tax
-$2,473
Net income
2.5% ROI
$34,717

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$1,413,043
IMT (transfer tax, investment schedule)$105,978
Imposto de Selo (stamp duty)$11,304
Notary & registration$1,359
Legal / due diligence$21,196
Total acquisition costs$139,837
Renovation (~$978/m²)
Substantial renovation — full bathrooms + kitchen, rewiring, plumbing, finishes.		$233,804
($181,848–$285,761)
Furnishing & STR launch
6bd × $2,717 base + appliances, electronics, outdoor, licence, photography, linens.		$32,880
All-in investment$1,819,565

Gross yield (asking)

5.1%

True gross yield (all-in)

3.9%

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.

$6.6M$4.9M$3.3M$1.6M$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Paid back2x ReturnToday: $1.3M
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 27: rental income alone has repaid the full purchase price.
2x return
Year 13: total gains (capital + rental) have doubled your initial investment.
Year 5
Capital Value
$1.6M
+22%
Rental Income
+$170K
Total Position
$1.8M
+35%
6.1%/yr
Year 10
Capital Value
$1.9M
+48%
Rental Income
+$366K
Total Position
$2.3M
+76%
5.8%/yr
Year 20
Capital Value
$2.8M
+119%
Rental Income
+$858K
Total Position
$3.7M
+185%
5.4%/yr
Year 30
Capital Value
$4.2M
+224%
Rental Income
+$1.5M
Total Position
$5.7M
+341%
5.1%/yr

Location

Silves

Central Algarve, Approximate area

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Villa Scorecard

Location
Average
Emerging or secondary location
Rental Yield
Weak
2.5% annual return
Occupancy
Weak
22% average occupancy
Nightly Rate
Strong
$836 per night
Visual Appeal
Weak
3/10 instagrammability
Size & Space
Strong
79384 m² land area
Zoning
Average
STR zoning not confirmed
Tenure
Strong
Freehold ownership

Top Highlights

Premium nightly rate of $836 — positioned in the top tier
Generous 79384 m² land — room for expansion or amenities
Freehold ownership — maximum long-term security

Watch Out

Secondary location — rental demand may be lower than premium areas
Yield of 2.5% 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.
4.8%
$5,601/mo
40% occ.
6.4%
$7,536/mo
22% occ.
3.4%
$3,965/mo
current
32% occ.
5.0%
$5,901/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.