T2 flat, Quinta da Balaia, 116, Balaia, Olhos de Água, Albufeira e Olhos de Água
T2 flat, Quinta da Balaia, 116, Balaia, Olhos de Água, Albufeira e Olhos de Água — image 2T2 flat, Quinta da Balaia, 116, Balaia, Olhos de Água, Albufeira e Olhos de Água — image 3T2 flat, Quinta da Balaia, 116, Balaia, Olhos de Água, Albufeira e Olhos de Água — image 4T2 flat, Quinta da Balaia, 116, Balaia, Olhos de Água, Albufeira e Olhos de Água — image 5
Grade B+apartmentmid-range

T2 flat, Quinta da Balaia, 116, Balaia, Olhos de Água, Albufeira e Olhos de Água

Albufeira · Central Algarve ·

€420,000

Asking Price (EUR)

5.4%

True Net Yield (Owner, all-in)

3.8%

True Net Yield (Managed, all-in)

8.3%

True Gross Yield

48%

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: €40,506/yr
Average Daily Rate: €230
+12.0% vs area baselineImage quality 6/10 (-3%), Portuguese-traditional style (+5%), Has pool (0%), Has view (+10%)
Payback Period: 13.0 years
5-yr Capital Value: €551,874
10-yr Capital Value: €671,439
Brixfox Score: 66.7 / 100
Comparable Properties: 84
Data Confidence: 88%
Search Radius: 2 km

True Investment Cost

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

€485,850

+15.7% over asking

Asking price€420,000
IMT — Property transfer tax (investment schedule)€21,430
IS — Stamp duty (0.8%)€3,360
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€6,300
Total acquisition costs€32,340
Renovation (est. €55/m² × 112 m²)
Light touch-ups — paint, fixtures, deep clean.		€6,160
(€3,360–€8,960)
Furnishing & STR launch (2bd × €4500 base, mid-range tier)
Furniture, appliances, electronics, linens, AL licence setup, launch photography.		€27,350
All-in investment (incl. renovation & furnishing)€485,850

Gross yield (asking price)

9.6%

True gross yield (all-in)

8.3%

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: 112 m²
Style: portuguese-traditional
Condition: good
Year Built: 2003
Energy Certificate: D
Private Pool
View

AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Design Features

nautical decortraditional Portuguese tile artpatterned upholstery

Score Breakdown

ROI
19.66
Visual Appeal
8.8
Ownership Security
13
Location
10.2
Land & Space
4.24
Rental Demand
4.82
Payback Speed
3
STR Suitability
3

Description

Apartment located on the ground floor with terraces located in a building built in 2003 Living room, kitchen, laundry room ( washing machine and dryer), 2 bedrooms (1 suite) with fitted wardrobes. The flat is sold furnished and equipped, including kitchen accessories, equipment and sufficient household linen necessar

Location

📍 37.0983°N, 8.2167°W

· Albufeira, Algarve, Portugal

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Idealista.pt
Albufeira / Central Algarve

T2 flat, Quinta da Balaia, 116, Balaia, Olhos de Água, Albufeira e Olhos de Água

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

Grade B+ investment — short-term rental yields 6.5% 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
+11.4%
Per Year (5yr avg)
Annualized projected property value change based on historical area appreciation rates (5-year average).
Capital Growth
+4.9%
+$103K in 5yr (+25%)
Estimated monthly net income after deducting management fees, operating costs, and taxes.
ROI Nett Rental Income
6.5%
$2,469/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
15.4 yr
Rental only

Property details

Year built: 2003
Energy: D
Condition: good

Description

Apartment located on the ground floor with terraces located in a building built in 2003 Living room, kitchen, laundry room ( washing machine and dryer), 2 bedrooms (1 suite) with fitted wardrobes. The flat is sold furnished and equipped, including kitchen accessories, equipment and sufficient household linen necessar

Income Breakdown

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Nightly Rate (ADR)
$332/night
50% ($153)Brixfox estimate($332/night)200% ($612)
Occupancy
48%
10%Brixfox estimate(48%)100%

Short-Term Rental

Yearly income
$29,622
Airbnb data$332/night · 48% occupancy
Rental income
$332/night · 48% occ.
$58,502
Running costs (20%)
Utilities, cleaning, maintenance
-$11,700
Income tax (10%)
Indonesian rental income tax
-$16,381
Property tax
Annual property tax
-$799
Net income
6.5% ROI
$29,622

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$456,522
IMT (transfer tax, investment schedule)$23,293
Imposto de Selo (stamp duty)$3,652
Notary & registration$1,359
Legal / due diligence$6,848
Total acquisition costs$35,152
Renovation (~$60/m²)
Light touch-ups — paint, fixtures, deep clean.		$6,696
($3,652–$9,739)
Furnishing & STR launch
2bd × $4,891 base + appliances, electronics, outdoor, licence, photography, linens.		$29,728
All-in investment$528,098

Gross yield (asking)

12.8%

True gross yield (all-in)

11.1%

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.

$3.1M$2.3M$1.5M$764K$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Paid back2x ReturnToday: $420K
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 13: 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
$511K
+22%
Rental Income
+$145K
Total Position
$656K
+56%
9.3%/yr
Year 10
Capital Value
$622K
+48%
Rental Income
+$312K
Total Position
$934K
+122%
8.3%/yr
Year 20
Capital Value
$920K
+119%
Rental Income
+$732K
Total Position
$1.7M
+293%
7.1%/yr
Year 30
Capital Value
$1.4M
+224%
Rental Income
+$1.3M
Total Position
$2.7M
+533%
6.3%/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
6.5% annual return
Occupancy
Average
48% average occupancy
Nightly Rate
Strong
$306 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 $306 — 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 48% — 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.
5.4%
$2,057/mo
40% occ.
7.3%
$2,765/mo
48% occ.
8.8%
$3,346/mo
current
58% occ.
10.7%
$4,054/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.