Penthouse in Avenida General Humberto Delgado, Armação de Pêra, Silves
Penthouse in Avenida General Humberto Delgado, Armação de Pêra, Silves — image 2Penthouse in Avenida General Humberto Delgado, Armação de Pêra, Silves — image 3Penthouse in Avenida General Humberto Delgado, Armação de Pêra, Silves — image 4Penthouse in Avenida General Humberto Delgado, Armação de Pêra, Silves — image 5
Grade B+apartmentluxury

Penthouse in Avenida General Humberto Delgado, Armação de Pêra, Silves

Silves · Central Algarve ·

€850,000

Asking Price (EUR)

5.3%

True Net Yield (Owner, all-in)

3.7%

True Net Yield (Managed, all-in)

8.1%

True Gross Yield

33%

Occupancy

Projections — conservative (data maturing)

Our Airbnb calendar dataset started 1.9 months ago and is currently at 16% 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: €79,674/yr
Average Daily Rate: €660
+36.0% vs area baselineImage quality 9/10 (+6%), Modern/contemporary style (+12%), Has pool (0%), Has view (+10%), Luxury finish (+8%)
Payback Period: 13.2 years
5-yr Capital Value: €1.1M
10-yr Capital Value: €1.4M
Brixfox Score: 71.7 / 100
Comparable Properties: 5
Data Confidence: 77%
Search Radius: 2 km

True Investment Cost

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

€981,950

+15.5% over asking

Asking price€850,000
IMT — Property transfer tax (investment schedule)€51,000
IS — Stamp duty (0.8%)€6,800
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€12,750
Total acquisition costs€71,800
Renovation€0 — move-in ready
Furnishing & STR launch (4bd × €8000 base, luxury tier)
Furniture, appliances, electronics, linens, AL licence setup, launch photography.		€60,150
All-in investment (incl. renovation & furnishing)€981,950

Gross yield (asking price)

9.4%

True gross yield (all-in)

8.1%

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: 4
Bathrooms: 5
Building: 296 m²
Style: contemporary
Condition: new-build
Year Built: 2025
Energy Certificate: A+
Private Pool
View

AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Design Features

rooftop jacuzzioutdoor kitchen with BBQpergola with adjustable louversoutdoor dining areaoutdoor lounge area

Score Breakdown

ROI
19.41
Visual Appeal
15.6
Ownership Security
13
Location
8.4
Land & Space
6
Rental Demand
3.31
Payback Speed
3
STR Suitability
3

Description

2+2 Bedroom Penthouse, Armação de Pêra, ALGARVE This modern 2+2 bedroom, 3 bathroom, terrace and garage apartment is located on the fifth floor. The property comprises a living/dining room, an open-plan fitted kitchen, and is located in a luxury complex of 25 apartments in the heart of Armação de Pêra, in the Faro dis

Location

📍 37.1034°N, 8.3619°W

· Silves, Algarve, Portugal

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

Penthouse in Avenida General Humberto Delgado, Armação de Pêra, Silves

Inventory
4 Beds
Bathrooms
5 Baths
Built Area
296 m²
Land Plot
0 m²
Tenure
Freehold
Yield Curve Status

Grade B+ investment — short-term rental yields 6.4% net return annually.

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The Investment

Brixfox Score72
GradeB+
Brixfox Intelligence
72B+Strong
Score Breakdown
ROI & Yield79%
Capital Growth76%
Risk Profile73%
Market Demand72%

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
+10.1%
Per Year (5yr avg)
Annualized projected property value change based on historical area appreciation rates (5-year average).
Capital Growth
+3.8%
+$160K in 5yr (+19%)
Estimated monthly net income after deducting management fees, operating costs, and taxes.
ROI Nett Rental Income
6.4%
$4,893/mo
Estimated time for the total investment value (equity + accumulated rent) to double.
100% Profit
9 yr
Combined
Number of years to fully recoup the initial purchase price using only net rental income.
Payback
15.7 yr
Rental only

Property details

Year built: 2025
Energy: A+
Condition: new-build

Description

2+2 Bedroom Penthouse, Armação de Pêra, ALGARVE This modern 2+2 bedroom, 3 bathroom, terrace and garage apartment is located on the fifth floor. The property comprises a living/dining room, an open-plan fitted kitchen, and is located in a luxury complex of 25 apartments in the heart of Armação de Pêra, in the Faro dis

Income Breakdown

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Nightly Rate (ADR)
$961/night
50% ($442)Brixfox estimate($961/night)200% ($1768)
Occupancy
33%
10%Brixfox estimate(33%)100%

Short-Term Rental

Yearly income
$58,713
Airbnb data$961/night · 33% occupancy
Rental income
$961/night · 33% occ.
$116,018
Running costs (20%)
Utilities, cleaning, maintenance
-$23,204
Income tax (10%)
Indonesian rental income tax
-$32,485
Property tax
Annual property tax
-$1,617
Net income
6.4% ROI
$58,713

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$923,913
IMT (transfer tax, investment schedule)$55,435
Imposto de Selo (stamp duty)$7,391
Notary & registration$1,359
Legal / due diligence$13,859
Total acquisition costs$78,043
RenovationMove-in ready
Furnishing & STR launch
4bd × $8,696 base + appliances, electronics, outdoor, licence, photography, linens.		$65,380
All-in investment$1,067,337

Gross yield (asking)

12.6%

True gross yield (all-in)

10.9%

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.

$6.1M$4.6M$3.1M$1.5M$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Paid back2x ReturnToday: $850K
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 14: 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
$1.0M
+22%
Rental Income
+$287K
Total Position
$1.3M
+55%
9.2%/yr
Year 10
Capital Value
$1.3M
+48%
Rental Income
+$619K
Total Position
$1.9M
+121%
8.2%/yr
Year 20
Capital Value
$1.9M
+119%
Rental Income
+$1.5M
Total Position
$3.3M
+290%
7.0%/yr
Year 30
Capital Value
$2.8M
+224%
Rental Income
+$2.6M
Total Position
$5.3M
+527%
6.3%/yr

Location

Silves

Central Algarve, Approximate area

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Villa Scorecard

Location
Average
Emerging or secondary location
Rental Yield
Good
6.4% annual return
Occupancy
Weak
33% average occupancy
Nightly Rate
Strong
$884 per night
Visual Appeal
Strong
9/10 instagrammability
Size & Space
Weak
0 m² land area
Zoning
Average
STR zoning not confirmed
Tenure
Strong
Freehold ownership

Top Highlights

Premium nightly rate of $884 — 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
Occupancy at 33% — 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

30% occ.
7.8%
$6,004/mo
40% occ.
10.5%
$8,050/mo
33% occ.
8.6%
$6,632/mo
current
43% occ.
11.3%
$8,679/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.