T4 flat in Correeira, Albufeira, Albufeira e Olhos de Água
T4 flat in Correeira, Albufeira, Albufeira e Olhos de Água — image 2T4 flat in Correeira, Albufeira, Albufeira e Olhos de Água — image 3T4 flat in Correeira, Albufeira, Albufeira e Olhos de Água — image 4T4 flat in Correeira, Albufeira, Albufeira e Olhos de Água — image 5
Grade Aapartmentluxury

T4 flat in Correeira, Albufeira, Albufeira e Olhos de Água

Albufeira · Central Algarve ·

€760,000

Asking Price (EUR)

9.0%

True Net Yield (Owner, all-in)

6.2%

True Net Yield (Managed, all-in)

13.8%

True Gross Yield

47%

Occupancy

Projections — conservative (data maturing)

Our Airbnb calendar dataset started 2.1 months ago and is currently at 17% 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: €122,372/yr
Average Daily Rate: €710
+23.0% vs area baselineImage quality 8/10 (+3%), Modern/contemporary style (+12%), Has pool (0%), Luxury finish (+8%)
Payback Period: 7.8 years
5-yr Capital Value: €998,629
10-yr Capital Value: €1.2M
Brixfox Score: 81.1 / 100
Comparable Properties: 18
Data Confidence: 90%
Search Radius: 2 km

True Investment Cost

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

€884,480

+16.4% over asking

Asking price€760,000
IMT — Property transfer tax (investment schedule)€45,600
IS — Stamp duty (0.8%)€6,080
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€11,400
Total acquisition costs€64,330
Renovation€0 — move-in ready
Furnishing & STR launch (4bd × €8000 base, luxury tier)
Furniture, appliances, electronics, linens, AL licence setup, launch photography.		€60,150
All-in investment (incl. renovation & furnishing)€884,480

Gross yield (asking price)

16.1%

True gross yield (all-in)

13.8%

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: 4
Bathrooms: 3
Building: 215 m²
Style: modern
Condition: new-build
Year Built: 2023
Energy Certificate: A
Private Pool

AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Design Features

sleek glass balconiesmulti-level modern architectureintegrated outdoor pool area with loungers

Score Breakdown

ROI
25
Visual Appeal
14.2
Ownership Security
13
Location
10.2
Land & Space
6
Rental Demand
4.72
Payback Speed
5
STR Suitability
3

Description

We present Alto da Correeira, a luxury private condominium under construction, to be completed in the summer of 2023. Composed of 18 spacious apartments, ranging from T1 to T4, this development stands out for its generous areas and the quality of the materials and equipment used. Each apartment will be carefully equip

Location

📍 37.0943°N, 8.2334°W

· Albufeira, Algarve, Portugal

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

T4 flat in Correeira, Albufeira, Albufeira e Olhos de Água

Inventory
4 Beds
Bathrooms
3 Baths
Built Area
215 m²
Land Plot
0 m²
Tenure
Freehold
Yield Curve Status

Grade A investment — short-term rental yields 11.0% net return annually.

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The Investment

Brixfox Score81
GradeA
Brixfox Intelligence
81AExcellent
Score Breakdown
ROI & Yield89%
Capital Growth85%
Risk Profile82%
Market Demand81%

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
+15.9%
Per Year (5yr avg)
Annualized projected property value change based on historical area appreciation rates (5-year average).
Capital Growth
+4.9%
+$187K in 5yr (+25%)
Estimated monthly net income after deducting management fees, operating costs, and taxes.
ROI Nett Rental Income
11.0%
$7,545/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
9.1 yr
Rental only

Property details

Year built: 2023
Energy: A
Condition: new-build

Description

We present Alto da Correeira, a luxury private condominium under construction, to be completed in the summer of 2023. Composed of 18 spacious apartments, ranging from T1 to T4, this development stands out for its generous areas and the quality of the materials and equipment used. Each apartment will be carefully equip

Income Breakdown

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Nightly Rate (ADR)
$1,026/night
50% ($472)Brixfox estimate($1,026/night)200% ($1887)
Occupancy
47%
10%Brixfox estimate(47%)100%

Short-Term Rental

Yearly income
$90,538
Airbnb data$1,026/night · 47% occupancy
Rental income
$1,026/night · 47% occ.
$176,892
Running costs (20%)
Utilities, cleaning, maintenance
-$35,378
Income tax (10%)
Indonesian rental income tax
-$49,530
Property tax
Annual property tax
-$1,446
Net income
11.0% ROI
$90,538

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$826,087
IMT (transfer tax, investment schedule)$49,565
Imposto de Selo (stamp duty)$6,609
Notary & registration$1,359
Legal / due diligence$12,391
Total acquisition costs$69,924
RenovationMove-in ready
Furnishing & STR launch
4bd × $8,696 base + appliances, electronics, outdoor, licence, photography, linens.		$65,380
All-in investment$961,391

Gross yield (asking)

21.4%

True gross yield (all-in)

18.4%

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.

$7.4M$5.5M$3.7M$1.8M$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Paid back2x ReturnToday: $760K
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 9: rental income alone has repaid the full purchase price.
2x return
Year 7: total gains (capital + rental) have doubled your initial investment.
Year 5
Capital Value
$925K
+22%
Rental Income
+$442K
Total Position
$1.4M
+80%
12.5%/yr
Year 10
Capital Value
$1.1M
+48%
Rental Income
+$955K
Total Position
$2.1M
+174%
10.6%/yr
Year 20
Capital Value
$1.7M
+119%
Rental Income
+$2.2M
Total Position
$3.9M
+414%
8.5%/yr
Year 30
Capital Value
$2.5M
+224%
Rental Income
+$4.0M
Total Position
$6.4M
+746%
7.4%/yr

Location

Albufeira

Central Algarve, Approximate area

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Villa Scorecard

Location
Average
Emerging or secondary location
Rental Yield
Strong
11.0% annual return
Occupancy
Average
47% average occupancy
Nightly Rate
Strong
$944 per night
Visual Appeal
Strong
8/10 instagrammability
Size & Space
Weak
0 m² land area
Zoning
Average
STR zoning not confirmed
Tenure
Strong
Freehold ownership

Top Highlights

High rental yield at 11.0% — outperforms most villas in this market
Premium nightly rate of $944 — positioned in the top tier
Stunning visuals with 8/10 instagrammability — commands premium nightly rates

Watch Out

Secondary location — rental demand may be lower than premium areas
Occupancy at 47% — 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.
9.3%
$6,431/mo
40% occ.
12.5%
$8,615/mo
47% occ.
14.8%
$10,199/mo
current
57% occ.
18.0%
$12,383/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.