T2 flat in Rua José Moura Lapa, 13, Armação de Pêra, Silves
T2 flat in Rua José Moura Lapa, 13, Armação de Pêra, Silves — image 2T2 flat in Rua José Moura Lapa, 13, Armação de Pêra, Silves — image 3T2 flat in Rua José Moura Lapa, 13, Armação de Pêra, Silves — image 4T2 flat in Rua José Moura Lapa, 13, Armação de Pêra, Silves — image 5
Grade B+apartmentmid-range

T2 flat in Rua José Moura Lapa, 13, Armação de Pêra, Silves

Silves · Central Algarve ·

€250,000

Asking Price (EUR)

6.5%

True Net Yield (Owner, all-in)

4.5%

True Net Yield (Managed, all-in)

10.0%

True Gross Yield

45%

Occupancy

Projections — conservative (data maturing)

Our Airbnb calendar dataset started 2.1 months ago and is currently at 18% 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: €29,454/yr
Average Daily Rate: €181
-3.0% vs area baselineImage quality 6/10 (-3%), Modern/contemporary style (+12%), No pool (-12%)
Payback Period: 10.6 years
5-yr Capital Value: €328,496
10-yr Capital Value: €399,666
Brixfox Score: 67 / 100
Comparable Properties: 66
Data Confidence: 95%
Search Radius: 2 km

True Investment Cost

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

€293,207

+17.3% 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. €55/m² × 52 m²)
Light touch-ups — paint, fixtures, deep clean.		€2,860
(€1,560–€4,160)
Furnishing & STR launch (2bd × €4500 base, mid-range tier)
Furniture, appliances, electronics, linens, AL licence setup, launch photography.		€24,850
All-in investment (incl. renovation & furnishing)€293,207

Gross yield (asking price)

11.8%

True gross yield (all-in)

10.0%

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: 2
Bathrooms: 1
Building: 52 m²
Style: contemporary
Condition: good
Year Built: 1993
Energy Certificate: Not indicated

AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Design Features

textured wall art with sailboatsteal tufted sofa

Score Breakdown

ROI
22.28
Visual Appeal
8.8
Ownership Security
13
Location
8.4
Land & Space
3.04
Rental Demand
4.45
Payback Speed
4
STR Suitability
3

Description

T2 Apartment in Armação de Pera – Excellent Opportunity Available from September 1st Real estate agencies, please do not contact Fantastic apartment for sale in Armação de Pera, completely renovated about two years ago, in excellent condition. The property stands out for its quality, comfort, and privileged location

Location

📍 37.1035°N, 8.3647°W

· Silves, Algarve, Portugal

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

T2 flat in Rua José Moura Lapa, 13, Armação de Pêra, Silves

Inventory
2 Beds
Bathrooms
1 Baths
Built Area
52 m²
Land Plot
0 m²
Tenure
Freehold
Yield Curve Status

Grade B+ investment — short-term rental yields 8.0% net return annually.

Go to Source via Idealista.pt

The Investment

Brixfox Score67
GradeB+
Brixfox Intelligence
67B+Strong
Score Breakdown
ROI & Yield74%
Capital Growth70%
Risk Profile69%
Market Demand67%

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
+11.7%
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
8.0%
$1,804/mo
Estimated time for the total investment value (equity + accumulated rent) to double.
100% Profit
8 yr
Combined
Number of years to fully recoup the initial purchase price using only net rental income.
Payback
12.6 yr
Rental only

Property details

Year built: 1993
Energy: Not indicated
Condition: good

Description

T2 Apartment in Armação de Pera – Excellent Opportunity Available from September 1st Real estate agencies, please do not contact Fantastic apartment for sale in Armação de Pera, completely renovated about two years ago, in excellent condition. The property stands out for its quality, comfort, and privileged location

Income Breakdown

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Nightly Rate (ADR)
$262/night
50% ($120)Brixfox estimate($262/night)200% ($482)
Occupancy
45%
10%Brixfox estimate(45%)100%

Short-Term Rental

Yearly income
$21,645
Airbnb data$262/night · 45% occupancy
Rental income
$262/night · 45% occ.
$42,539
Running costs (20%)
Utilities, cleaning, maintenance
-$8,508
Income tax (10%)
Indonesian rental income tax
-$11,911
Property tax
Annual property tax
-$476
Net income
8.0% ROI
$21,645

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 (~$60/m²)
Light touch-ups — paint, fixtures, deep clean.		$3,109
($1,696–$4,522)
Furnishing & STR launch
2bd × $4,891 base + appliances, electronics, outdoor, licence, photography, linens.		$27,011
All-in investment$318,703

Gross yield (asking)

15.7%

True gross yield (all-in)

13.3%

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.

$2.0M$1.5M$1.0M$505K$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 11: rental income alone has repaid the full purchase price.
2x return
Year 8: total gains (capital + rental) have doubled your initial investment.
Year 5
Capital Value
$304K
+22%
Rental Income
+$106K
Total Position
$410K
+64%
10.4%/yr
Year 10
Capital Value
$370K
+48%
Rental Income
+$228K
Total Position
$598K
+139%
9.1%/yr
Year 20
Capital Value
$548K
+119%
Rental Income
+$535K
Total Position
$1.1M
+333%
7.6%/yr
Year 30
Capital Value
$811K
+224%
Rental Income
+$947K
Total Position
$1.8M
+603%
6.7%/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
Good
8.0% annual return
Occupancy
Weak
45% average occupancy
Nightly Rate
Strong
$241 per night
Visual Appeal
Average
5/10 instagrammability
Size & Space
Weak
0 m² land area
Zoning
Average
STR zoning not confirmed
Tenure
Strong
Freehold ownership

Top Highlights

Premium nightly rate of $241 — positioned in the top tier
Freehold ownership — maximum long-term security

Watch Out

Secondary location — rental demand may be lower than premium areas
Occupancy at 45% — 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.
7.2%
$1,632/mo
40% occ.
9.7%
$2,190/mo
45% occ.
10.8%
$2,442/mo
current
55% occ.
13.2%
$2,999/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.