T2 flat in Praceta La Lhéngua Mirandesa, 6 c, Correeira, Albufeira, Albufeira e Olhos de Água
T2 flat in Praceta La Lhéngua Mirandesa, 6 c, Correeira, Albufeira, Albufeira e Olhos de Água — image 2T2 flat in Praceta La Lhéngua Mirandesa, 6 c, Correeira, Albufeira, Albufeira e Olhos de Água — image 3T2 flat in Praceta La Lhéngua Mirandesa, 6 c, Correeira, Albufeira, Albufeira e Olhos de Água — image 4T2 flat in Praceta La Lhéngua Mirandesa, 6 c, Correeira, Albufeira, Albufeira e Olhos de Água — image 5
Grade B+apartmentluxury

T2 flat in Praceta La Lhéngua Mirandesa, 6 c, Correeira, Albufeira, Albufeira e Olhos de Água

Albufeira · Central Algarve ·

€619,900

Asking Price (EUR)

4.5%

True Net Yield (Owner, all-in)

3.1%

True Net Yield (Managed, all-in)

7.0%

True Gross Yield

52%

Occupancy

Projections — conservative (data maturing)

Our Airbnb calendar dataset started 1.4 months ago and is currently at 11% 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: €49,822/yr
Average Daily Rate: €261
Payback Period: 15.2 years
5-yr Capital Value: €814,539
10-yr Capital Value: €991,012
Brixfox Score: 69.5 / 100
Comparable Properties: 89
Data Confidence: 89%
Search Radius: 2 km

True Investment Cost

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

€712,780

+15.0% over asking

Asking price€619,900
IMT — Property transfer tax (investment schedule)€37,422
IS — Stamp duty (0.8%)€4,959
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€9,299
Total acquisition costs€52,930
Renovation€0 — move-in ready
Furnishing & STR launch (2bd × €8000 base, luxury tier)
Furniture, appliances, electronics, linens, AL licence setup, launch photography.		€39,950
All-in investment (incl. renovation & furnishing)€712,780

Gross yield (asking price)

8.0%

True gross yield (all-in)

7.0%

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: 2
Building: 127 m²
Style: contemporary
Condition: excellent
Energy Certificate: A
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AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Design Features

modern dining table with sculptural basecontemporary pendant lightinglarge sliding glass doors to balcony

Score Breakdown

ROI
17.92
Visual Appeal
12.6
Ownership Security
13
Location
10.2
Land & Space
4.54
Rental Demand
5.24
Payback Speed
3
STR Suitability
3

Description

2 Bedroom Apartment with Pool in the Center of Albufeira - Correeira We present this magnificent 2 bedroom flat, located in the prestigious area of Correeira, in the heart of Albufeira. Inserted in a private and exclusive condominium with only 16 fractions, it offers the perfect balance between centrality, tranquillit

Location

📍 37.0958°N, 8.2343°W

· Albufeira, Algarve, Portugal

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Idealista.pt
Albufeira / Central Algarve

T2 flat in Praceta La Lhéngua Mirandesa, 6 c, Correeira, Albufeira, Albufeira e Olhos de Água

Inventory
2 Beds
Bathrooms
2 Baths
Built Area
127 m²
Land Plot
0 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 Score70
GradeB+
Brixfox Intelligence
70B+Strong
Score Breakdown
ROI & Yield77%
Capital Growth74%
Risk Profile72%
Market Demand70%

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
+10.4%
Per Year (5yr avg)
Annualized projected property value change based on historical area appreciation rates (5-year average).
Capital Growth
+4.9%
+$153K in 5yr (+25%)
Estimated monthly net income after deducting management fees, operating costs, and taxes.
ROI Nett Rental Income
5.5%
$3,098/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
18.1 yr
Rental only

Property details

Energy: A
Condition: excellent

Description

2 Bedroom Apartment with Pool in the Center of Albufeira - Correeira We present this magnificent 2 bedroom flat, located in the prestigious area of Correeira, in the heart of Albufeira. Inserted in a private and exclusive condominium with only 16 fractions, it offers the perfect balance between centrality, tranquillit

Income Breakdown

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Nightly Rate (ADR)
$386/night
50% ($178)Brixfox estimate($386/night)200% ($710)
Occupancy
52%
10%Brixfox estimate(52%)100%

Short-Term Rental

Yearly income
$37,182
Airbnb data$386/night · 52% occupancy
Rental income
$386/night · 52% occ.
$73,771
Running costs (20%)
Utilities, cleaning, maintenance
-$14,754
Income tax (10%)
Indonesian rental income tax
-$20,656
Property tax
Annual property tax
-$1,179
Net income
5.5% ROI
$37,182

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$673,804
IMT (transfer tax, investment schedule)$40,676
Imposto de Selo (stamp duty)$5,390
Notary & registration$1,359
Legal / due diligence$10,108
Total acquisition costs$57,533
RenovationMove-in ready
Furnishing & STR launch
2bd × $8,696 base + appliances, electronics, outdoor, licence, photography, linens.		$43,424
All-in investment$774,761

Gross yield (asking)

10.9%

True gross yield (all-in)

9.5%

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 Albufeira.

$4.2M$3.1M$2.1M$1.0M$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Paid back2x ReturnToday: $620K
Capital appreciation
Property value growing at +4%/yr based on Albufeira 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
$754K
+22%
Rental Income
+$182K
Total Position
$936K
+51%
8.6%/yr
Year 10
Capital Value
$918K
+48%
Rental Income
+$392K
Total Position
$1.3M
+111%
7.8%/yr
Year 20
Capital Value
$1.4M
+119%
Rental Income
+$919K
Total Position
$2.3M
+267%
6.7%/yr
Year 30
Capital Value
$2.0M
+224%
Rental Income
+$1.6M
Total Position
$3.6M
+487%
6.1%/yr

Location

Albufeira

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
5.5% annual return
Occupancy
Average
52% average occupancy
Nightly Rate
Strong
$355 per night
Visual Appeal
Good
7/10 instagrammability
Size & Space
Weak
0 m² land area
Zoning
Average
STR zoning not confirmed
Tenure
Strong
Freehold ownership

Top Highlights

Premium nightly rate of $355 — 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 52% — 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

32% occ.
4.6%
$2,561/mo
42% occ.
6.0%
$3,383/mo
52% occ.
7.5%
$4,205/mo
current
62% occ.
9.0%
$5,026/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.