Penthouse in Beco da Felosa, Quinta da Palmeira, Albufeira, Albufeira e Olhos de Água
Penthouse in Beco da Felosa, Quinta da Palmeira, Albufeira, Albufeira e Olhos de Água — image 2Penthouse in Beco da Felosa, Quinta da Palmeira, Albufeira, Albufeira e Olhos de Água — image 3Penthouse in Beco da Felosa, Quinta da Palmeira, Albufeira, Albufeira e Olhos de Água — image 4Penthouse in Beco da Felosa, Quinta da Palmeira, Albufeira, Albufeira e Olhos de Água — image 5
Grade Aapartmentmid-range

Penthouse in Beco da Felosa, Quinta da Palmeira, Albufeira, Albufeira e Olhos de Água

Albufeira · Central Algarve ·

€369,000

Asking Price (EUR)

6.7%

True Net Yield (Owner, all-in)

4.6%

True Net Yield (Managed, all-in)

10.3%

True Gross Yield

46%

Occupancy

Projections — conservative (data maturing)

Our Airbnb calendar dataset started 1.9 months ago and is currently at 16% 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: €44,336/yr
Average Daily Rate: €263
+15.0% vs area baselinePortuguese-traditional style (+5%), Has pool (0%), Has view (+10%)
Payback Period: 10.3 years
5-yr Capital Value: €484,861
10-yr Capital Value: €589,907
Brixfox Score: 75.3 / 100
Comparable Properties: 84
Data Confidence: 93%
Search Radius: 2 km

True Investment Cost

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

€431,577

+17.0% over asking

Asking price€369,000
IMT — Property transfer tax (investment schedule)€17,350
IS — Stamp duty (0.8%)€2,952
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€5,535
Total acquisition costs€27,087
Renovation (est. €55/m² × 148 m²)
Light touch-ups — paint, fixtures, deep clean.		€8,140
(€4,440–€11,840)
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)€431,577

Gross yield (asking price)

12.0%

True gross yield (all-in)

10.3%

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: 148 m²
Style: portuguese-traditional
Condition: good
Year Built: 1998
Energy Certificate: C
Private Pool
View

AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Design Features

rooftop terrace with sea viewcommunal pool areaoutdoor dining areapunching bag on terrace

Score Breakdown

ROI
22.68
Visual Appeal
12.8
Ownership Security
13
Location
10.2
Land & Space
4.96
Rental Demand
4.63
Payback Speed
4
STR Suitability
3

Description

Modern T1+1 Duplex Penthouse of 148 m2, with 2 terraces on the top floor with elevator, swimming pool and close to the beach. Magnificent 180º sea and city view from all floors of the apartment. Penthouse consists of 2 floors and is distributed as follows: Ground floor - entrance hall, 1 very spacious bedroom with ward

Location

📍 37.0914°N, 8.2445°W

· Albufeira, Algarve, Portugal

View on CENTURY 21 Realty Art →Also on Idealista.pt
Idealista.pt
Albufeira / Central Algarve

Penthouse in Beco da Felosa, Quinta da Palmeira, Albufeira, Albufeira e Olhos de Água

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

Grade A investment — short-term rental yields 8.2% net return annually.

Go to Source via Idealista.pt

The Investment

Brixfox Score75
GradeA
Brixfox Intelligence
75AExcellent
Score Breakdown
ROI & Yield83%
Capital Growth79%
Risk Profile76%
Market Demand75%

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
+13.1%
Per Year (5yr avg)
Annualized projected property value change based on historical area appreciation rates (5-year average).
Capital Growth
+4.9%
+$91K in 5yr (+25%)
Estimated monthly net income after deducting management fees, operating costs, and taxes.
ROI Nett Rental Income
8.2%
$2,736/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
12.2 yr
Rental only

Property details

Year built: 1998
Energy: C
Condition: good

Description

Modern T1+1 Duplex Penthouse of 148 m2, with 2 terraces on the top floor with elevator, swimming pool and close to the beach. Magnificent 180º sea and city view from all floors of the apartment. Penthouse consists of 2 floors and is distributed as follows: Ground floor - entrance hall, 1 very spacious bedroom with ward

Income Breakdown

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Nightly Rate (ADR)
$382/night
50% ($176)Brixfox estimate($382/night)200% ($702)
Occupancy
46%
10%Brixfox estimate(46%)100%

Short-Term Rental

Yearly income
$32,827
Airbnb data$382/night · 46% occupancy
Rental income
$382/night · 46% occ.
$64,478
Running costs (20%)
Utilities, cleaning, maintenance
-$12,896
Income tax (10%)
Indonesian rental income tax
-$18,054
Property tax
Annual property tax
-$702
Net income
8.2% ROI
$32,827

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$401,087
IMT (transfer tax, investment schedule)$18,859
Imposto de Selo (stamp duty)$3,209
Notary & registration$1,359
Legal / due diligence$6,016
Total acquisition costs$29,442
Renovation (~$60/m²)
Light touch-ups — paint, fixtures, deep clean.		$8,848
($4,826–$12,870)
Furnishing & STR launch
2bd × $4,891 base + appliances, electronics, outdoor, licence, photography, linens.		$29,728
All-in investment$469,105

Gross yield (asking)

16.1%

True gross yield (all-in)

13.7%

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.

$3.0M$2.3M$1.5M$757K$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Paid back2x ReturnToday: $369K
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 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
$449K
+22%
Rental Income
+$160K
Total Position
$609K
+65%
10.5%/yr
Year 10
Capital Value
$546K
+48%
Rental Income
+$346K
Total Position
$892K
+142%
9.2%/yr
Year 20
Capital Value
$809K
+119%
Rental Income
+$812K
Total Position
$1.6M
+339%
7.7%/yr
Year 30
Capital Value
$1.2M
+224%
Rental Income
+$1.4M
Total Position
$2.6M
+614%
6.8%/yr

Location

Albufeira

Central Algarve, Approximate area

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Villa Scorecard

Location
Average
Emerging or secondary location
Rental Yield
Strong
8.2% annual return
Occupancy
Average
46% average occupancy
Nightly Rate
Strong
$351 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

High rental yield at 8.2% — outperforms most villas in this market
Premium nightly rate of $351 — 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 46% — 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.
7.1%
$2,380/mo
40% occ.
9.6%
$3,193/mo
46% occ.
11.1%
$3,703/mo
current
56% occ.
13.5%
$4,516/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.