Terraced house in Rua Nova da Boa Vista, 55, Zona Histórica, Silves
Terraced house in Rua Nova da Boa Vista, 55, Zona Histórica, Silves — image 2Terraced house in Rua Nova da Boa Vista, 55, Zona Histórica, Silves — image 3Terraced house in Rua Nova da Boa Vista, 55, Zona Histórica, Silves — image 4Terraced house in Rua Nova da Boa Vista, 55, Zona Histórica, Silves — image 5
Grade C+villaluxury

Terraced house in Rua Nova da Boa Vista, 55, Zona Histórica, Silves

Silves · Central Algarve ·

€600,000

Asking Price (EUR)

1.7%

True Net Yield (Owner, all-in)

1.2%

True Net Yield (Managed, all-in)

2.7%

True Gross Yield

17%

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: €18,915/yr
Average Daily Rate: €305
+33.0% vs area baselineImage quality 8/10 (+3%), Modern/contemporary style (+12%), Has pool (0%), Has view (+10%), Luxury finish (+8%)
Payback Period: 39.1 years
5-yr Capital Value: €788,391
10-yr Capital Value: €959,198
Brixfox Score: 54 / 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.

€704,180

+17.4% over asking

Asking price€600,000
IMT — Property transfer tax (investment schedule)€35,830
IS — Stamp duty (0.8%)€4,800
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€9,000
Total acquisition costs€50,880
Renovation€0 — move-in ready
Furnishing & STR launch (3bd × €8000 base, luxury tier)
Furniture, appliances, electronics, linens, AL licence setup, launch photography.		€53,300
All-in investment (incl. renovation & furnishing)€704,180

Gross yield (asking price)

3.1%

True gross yield (all-in)

2.7%

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: 4
Building: 147 m²
Land: 147 m²
Style: contemporary
Condition: excellent
Year Built: 2023
Energy Certificate: A
Private Pool
View

AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Design Features

modern facade with geometric accentsmultiple private pools/plunge poolsterraced design with glass railingsrooftop terraces with panoramic viewsintegrated solar panels

Score Breakdown

ROI
10.65
Visual Appeal
14.8
Ownership Security
13
Location
7.2
Land & Space
3.69
Rental Demand
1.7
Payback Speed
0
STR Suitability
3

Description

This turnkey property was fully renovated in 2023 to high quality standards, featuring an architectural design by the prestigious StudioArt. Located in the historic area of Silves and benefiting from a privileged sun exposure, this exceptional three-storey villa with three en-suite bedrooms offers privacy, comfort, ge

Location

📍 37.1894°N, 8.4415°W

· Silves, Algarve, Portugal

View on Idealista.pt
Idealista.pt
Silves / Central Algarve

Terraced house in Rua Nova da Boa Vista, 55, Zona Histórica, Silves

Inventory
3 Beds
Bathrooms
4 Baths
Built Area
147 m²
Land Plot
147 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 Score54
GradeC+
Brixfox Intelligence
54C+Moderate
Score Breakdown
ROI & Yield59%
Capital Growth57%
Risk Profile56%
Market Demand54%

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
+5.8%
Per Year (5yr avg)
Annualized projected property value change based on historical area appreciation rates (5-year average).
Capital Growth
+3.8%
+$113K in 5yr (+19%)
Estimated monthly net income after deducting management fees, operating costs, and taxes.
ROI Nett Rental Income
2.0%
$1,106/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
49.1 yr
Rental only

Property details

Year built: 2023
Energy: A
Condition: excellent

Description

This turnkey property was fully renovated in 2023 to high quality standards, featuring an architectural design by the prestigious StudioArt. Located in the historic area of Silves and benefiting from a privileged sun exposure, this exceptional three-storey villa with three en-suite bedrooms offers privacy, comfort, ge

Income Breakdown

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Nightly Rate (ADR)
$447/night
50% ($206)Brixfox estimate($447/night)200% ($822)
Occupancy
17%
10%Brixfox estimate(17%)100%

Short-Term Rental

Yearly income
$13,273
Airbnb data$447/night · 17% occupancy
Rental income
$447/night · 17% occ.
$27,720
Running costs (20%)
Utilities, cleaning, maintenance
-$5,544
Income tax (10%)
Indonesian rental income tax
-$7,761
Property tax
Annual property tax
-$1,141
Net income
2.0% ROI
$13,273

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$652,174
IMT (transfer tax, investment schedule)$38,946
Imposto de Selo (stamp duty)$5,217
Notary & registration$1,359
Legal / due diligence$9,783
Total acquisition costs$55,304
RenovationMove-in ready
Furnishing & STR launch
3bd × $8,696 base + appliances, electronics, outdoor, licence, photography, linens.		$55,761
All-in investment$763,239

Gross yield (asking)

4.3%

True gross yield (all-in)

3.6%

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.

$2.9M$2.2M$1.5M$727K$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 302x ReturnToday: $600K
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
$730K
+22%
Rental Income
+$65K
Total Position
$795K
+32%
5.8%/yr
Year 10
Capital Value
$888K
+48%
Rental Income
+$140K
Total Position
$1.0M
+71%
5.5%/yr
Year 20
Capital Value
$1.3M
+119%
Rental Income
+$328K
Total Position
$1.6M
+174%
5.2%/yr
Year 30
Capital Value
$1.9M
+224%
Rental Income
+$581K
Total Position
$2.5M
+321%
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
17% average occupancy
Nightly Rate
Strong
$411 per night
Visual Appeal
Strong
9/10 instagrammability
Size & Space
Weak
147 m² land area
Zoning
Average
STR zoning not confirmed
Tenure
Strong
Freehold ownership

Top Highlights

Premium nightly rate of $411 — positioned in the top tier
Stunning visuals with 9/10 instagrammability — commands premium nightly rates
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.
5.1%
$2,760/mo
40% occ.
6.8%
$3,712/mo
17% occ.
2.8%
$1,522/mo
current
27% occ.
4.6%
$2,473/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.