Detached house, Cortezões, 8365-232, Algoz e Tunes, Silves, Faro, Nn, Algoz e Tunes, Silves
Detached house, Cortezões, 8365-232, Algoz e Tunes, Silves, Faro, Nn, Algoz e Tunes, Silves — image 2Detached house, Cortezões, 8365-232, Algoz e Tunes, Silves, Faro, Nn, Algoz e Tunes, Silves — image 3Detached house, Cortezões, 8365-232, Algoz e Tunes, Silves, Faro, Nn, Algoz e Tunes, Silves — image 4Detached house, Cortezões, 8365-232, Algoz e Tunes, Silves, Faro, Nn, Algoz e Tunes, Silves — image 5
Grade Bvillabudget

Detached house, Cortezões, 8365-232, Algoz e Tunes, Silves, Faro, Nn, Algoz e Tunes, Silves

Silves · Central Algarve ·

€250,000

Asking Price (EUR)

3.3%

True Net Yield (Owner, all-in)

2.3%

True Net Yield (Managed, all-in)

5.1%

True Gross Yield

53%

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: €20,182/yr
Average Daily Rate: €104
-54.0% vs area baselineImage quality 2/10 (-15%), Dated style (-15%), No pool (-12%), Budget finish (-12%)
Payback Period: 15.3 years
5-yr Capital Value: €328,496
10-yr Capital Value: €399,666
Brixfox Score: 63.6 / 100
Comparable Properties: 13
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.

€397,497

+59.0% over asking

Asking price€250,000
IMT — Property transfer tax (investment schedule)€8,497
IS — Stamp duty (0.8%)€2,000
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€3,750
Total acquisition costs€15,497
Renovation (est. €900/m² × 122 m²)
Substantial renovation — full bathrooms + kitchen, rewiring, plumbing, finishes.		€109,800
(€85,400–€134,200)
Furnishing & STR launch (3bd × €2500 base, budget tier)
Furniture, appliances, electronics, linens, AL licence setup, launch photography.		€22,200
All-in investment (incl. renovation & furnishing)€397,497

Gross yield (asking price)

8.1%

True gross yield (all-in)

5.1%

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: 3
Bathrooms: 1
Building: 122 m²
Land: 4760 m²
Style: dated
Condition: needs-renovation
Year Built: 1951
Energy Certificate: F

AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Score Breakdown

ROI
17.87
Visual Appeal
2.2
Ownership Security
13
Location
7.2
Land & Space
12
Rental Demand
5.31
Payback Speed
3
STR Suitability
3

Description

Single‑storey 3‑bedroom house for sale located in the peaceful countryside near Tunes, in the municipality of Silves, Algarve. The property features an older house with 5 rooms requiring renovation, offering great potential for restoration or redesign. It sits on a generous 4,760 m² plot, providing space for outdoor li

Location

📍 37.1640°N, 8.3042°W

· Silves, Algarve, Portugal

View on RE/MAX Albufeira Praia →Also on Idealista.pt
Idealista.pt
Silves / Central Algarve

Detached house, Cortezões, 8365-232, Algoz e Tunes, Silves, Faro, Nn, Algoz e Tunes, Silves

Inventory
3 Beds
Bathrooms
1 Baths
Built Area
122 m²
Land Plot
4760 m²
Tenure
Freehold
Yield Curve Status

Grade B investment — short-term rental yields 5.5% net return annually.

Go to Source via Idealista.pt

The Investment

Brixfox Score64
GradeB
Brixfox Intelligence
64BStrong
Score Breakdown
ROI & Yield70%
Capital Growth67%
Risk Profile66%
Market Demand64%

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
+9.2%
Per Year (5yr avg)
Annualized projected property value change based on historical area appreciation rates (5-year average).
Capital Growth
+3.8%
+$47K in 5yr (+19%)
Estimated monthly net income after deducting management fees, operating costs, and taxes.
ROI Nett Rental Income
5.5%
$1,242/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
18.2 yr
Rental only

Property details

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

Description

Single‑storey 3‑bedroom house for sale located in the peaceful countryside near Tunes, in the municipality of Silves, Algarve. The property features an older house with 5 rooms requiring renovation, offering great potential for restoration or redesign. It sits on a generous 4,760 m² plot, providing space for outdoor li

Income Breakdown

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Nightly Rate (ADR)
$153/night
50% ($70)Brixfox estimate($153/night)200% ($281)
Occupancy
53%
10%Brixfox estimate(53%)100%

Short-Term Rental

Yearly income
$14,909
Airbnb data$153/night · 53% occupancy
Rental income
$153/night · 53% occ.
$29,586
Running costs (20%)
Utilities, cleaning, maintenance
-$5,917
Income tax (10%)
Indonesian rental income tax
-$8,284
Property tax
Annual property tax
-$476
Net income
5.5% ROI
$14,909

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$271,739
IMT (transfer tax, investment schedule)$9,236
Imposto de Selo (stamp duty)$2,174
Notary & registration$1,359
Legal / due diligence$4,076
Total acquisition costs$16,845
Renovation (~$978/m²)
Substantial renovation — full bathrooms + kitchen, rewiring, plumbing, finishes.		$119,348
($92,826–$145,870)
Furnishing & STR launch
3bd × $2,717 base + appliances, electronics, outdoor, licence, photography, linens.		$21,957
All-in investment$429,888

Gross yield (asking)

10.9%

True gross yield (all-in)

6.9%

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.

$1.7M$1.3M$841K$421K$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Paid back2x ReturnToday: $250K
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 10: total gains (capital + rental) have doubled your initial investment.
Year 5
Capital Value
$304K
+22%
Rental Income
+$73K
Total Position
$377K
+51%
8.6%/yr
Year 10
Capital Value
$370K
+48%
Rental Income
+$157K
Total Position
$527K
+111%
7.7%/yr
Year 20
Capital Value
$548K
+119%
Rental Income
+$369K
Total Position
$916K
+267%
6.7%/yr
Year 30
Capital Value
$811K
+224%
Rental Income
+$653K
Total Position
$1.5M
+485%
6.1%/yr

Location

Silves

Central Algarve, Approximate area

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Villa Scorecard

Location
Average
Emerging or secondary location
Rental Yield
Good
5.5% annual return
Occupancy
Average
53% average occupancy
Nightly Rate
Good
$141 per night
Visual Appeal
Weak
1/10 instagrammability
Size & Space
Strong
4760 m² land area
Zoning
Average
STR zoning not confirmed
Tenure
Strong
Freehold ownership

Top Highlights

Generous 4760 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
Occupancy at 53% — 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

33% occ.
4.6%
$1,036/mo
43% occ.
6.0%
$1,361/mo
53% occ.
7.4%
$1,686/mo
current
63% occ.
8.9%
$2,012/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.