Detached house, En 124-1, Estação de Silves - Cerro de São Miguel, Silves
Detached house, En 124-1, Estação de Silves - Cerro de São Miguel, Silves — image 2Detached house, En 124-1, Estação de Silves - Cerro de São Miguel, Silves — image 3Detached house, En 124-1, Estação de Silves - Cerro de São Miguel, Silves — image 4Detached house, En 124-1, Estação de Silves - Cerro de São Miguel, Silves — image 5
Grade B+villabudget

Detached house, En 124-1, Estação de Silves - Cerro de São Miguel, Silves

Silves · Central Algarve ·

€95,000

Asking Price (EUR)

7.9%

True Net Yield (Owner, all-in)

5.5%

True Net Yield (Managed, all-in)

12.1%

True Gross Yield

42%

Occupancy

Projections — conservative (data maturing)

Our Airbnb calendar dataset started 1.2 months ago and is currently at 10% maturity. Yields shown apply a conservative calibration (realised-ADR factor 0.73, occupancy cap 66%) that auto-fades to full fidelity by April 2027.

Projected Gross Revenue: €17,435/yr
Average Daily Rate: €115
Payback Period: 6.6 years
5-yr Capital Value: €124,829
10-yr Capital Value: €151,873
Brixfox Score: 69.2 / 100
Comparable Properties: 18
Data Confidence: 69%
Search Radius: 4 km

True Investment Cost

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

€143,760

+51.3% over asking

Asking price€95,000
IMT — Property transfer tax (investment schedule)€950
IS — Stamp duty (0.8%)€760
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€1,500
Total acquisition costs€4,460
Renovation (est. €900/m² × 32 m²)
Substantial renovation — full bathrooms + kitchen, rewiring, plumbing, finishes.		€28,800
(€22,400–€35,200)
Furnishing & STR launch (1bd × €2500 base, budget tier)
Furniture, appliances, electronics, linens, AL licence setup, launch photography.		€15,500
All-in investment (incl. renovation & furnishing)€143,760

Gross yield (asking price)

18.4%

True gross yield (all-in)

12.1%

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: 1
Bathrooms: 1
Building: 32 m²
Land: 32 m²
Style: portuguese-traditional
Condition: needs-renovation
Energy Certificate: Exempt

AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Score Breakdown

ROI
25
Visual Appeal
10
Ownership Security
13
Location
7.2
Land & Space
1.85
Rental Demand
4.16
Payback Speed
5
STR Suitability
3

Description

House for sale near Silves in a rural area in Pinheiro e Garrado consisting of 4 rooms, with a patio and terrace. This house has recently undergone improvement works, with completely new plumbing and electricity. Located 10 minutes from Silves, it is an excellent opportunity for investment and housing. The rural area w

Location

📍 37.1579°N, 8.4501°W

· Silves, Algarve, Portugal

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Idealista.pt
Silves / Central Algarve

Detached house, En 124-1, Estação de Silves - Cerro de São Miguel, Silves

Inventory
1 Beds
Bathrooms
1 Baths
Built Area
32 m²
Land Plot
32 m²
Tenure
Freehold
Yield Curve Status

Grade B+ investment — short-term rental yields 12.9% net return annually.

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The Investment

Brixfox Score69
GradeB+
Brixfox Intelligence
69B+Strong
Score Breakdown
ROI & Yield76%
Capital Growth72%
Risk Profile71%
Market Demand69%

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
+16.6%
Per Year (5yr avg)
Annualized projected property value change based on historical area appreciation rates (5-year average).
Capital Growth
+3.8%
+$18K in 5yr (+19%)
Estimated monthly net income after deducting management fees, operating costs, and taxes.
ROI Nett Rental Income
12.9%
$1,109/mo
Estimated time for the total investment value (equity + accumulated rent) to double.
100% Profit
6 yr
Combined
Number of years to fully recoup the initial purchase price using only net rental income.
Payback
7.8 yr
Rental only

Property details

Energy: Exempt
Condition: needs-renovation

Description

House for sale near Silves in a rural area in Pinheiro e Garrado consisting of 4 rooms, with a patio and terrace. This house has recently undergone improvement works, with completely new plumbing and electricity. Located 10 minutes from Silves, it is an excellent opportunity for investment and housing. The rural area w

Income Breakdown

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Nightly Rate (ADR)
$171/night
50% ($79)Brixfox estimate($171/night)200% ($315)
Occupancy
42%
10%Brixfox estimate(42%)100%

Short-Term Rental

Yearly income
$13,304
Airbnb data$171/night · 42% occupancy
Rental income
$171/night · 42% occ.
$25,932
Running costs (20%)
Utilities, cleaning, maintenance
-$5,186
Income tax (10%)
Indonesian rental income tax
-$7,261
Property tax
Annual property tax
-$181
Net income
12.9% ROI
$13,304

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$103,261
IMT (transfer tax, investment schedule)$1,033
Imposto de Selo (stamp duty)$826
Notary & registration$1,359
Legal / due diligence$1,630
Total acquisition costs$4,848
Renovation (~$978/m²)
Substantial renovation — full bathrooms + kitchen, rewiring, plumbing, finishes.		$31,304
($24,348–$38,261)
Furnishing & STR launch
1bd × $2,717 base + appliances, electronics, outdoor, licence, photography, linens.		$14,674
All-in investment$154,087

Gross yield (asking)

25.1%

True gross yield (all-in)

16.8%

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.

$1.0M$768K$512K$256K$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Paid back2x ReturnToday: $95K
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 8: rental income alone has repaid the full purchase price.
2x return
Year 6: total gains (capital + rental) have doubled your initial investment.
Year 5
Capital Value
$116K
+22%
Rental Income
+$65K
Total Position
$181K
+90%
13.7%/yr
Year 10
Capital Value
$141K
+48%
Rental Income
+$140K
Total Position
$281K
+196%
11.5%/yr
Year 20
Capital Value
$208K
+119%
Rental Income
+$329K
Total Position
$537K
+465%
9.0%/yr
Year 30
Capital Value
$308K
+224%
Rental Income
+$582K
Total Position
$890K
+837%
7.7%/yr

Location

Silves

Central Algarve, Approximate area

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Villa Scorecard

Location
Average
Emerging or secondary location
Rental Yield
Strong
12.9% annual return
Occupancy
Weak
42% average occupancy
Nightly Rate
Good
$157 per night
Visual Appeal
Weak
2/10 instagrammability
Size & Space
Weak
32 m² land area
Zoning
Average
STR zoning not confirmed
Tenure
Strong
Freehold ownership

Top Highlights

High rental yield at 12.9% — outperforms most villas in this market
Freehold ownership — maximum long-term security

Watch Out

Secondary location — rental demand may be lower than premium areas
Occupancy at 42% — 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.
12.5%
$1,077/mo
40% occ.
16.7%
$1,441/mo
42% occ.
17.4%
$1,498/mo
current
52% occ.
21.6%
$1,862/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.