House in Rua Primeiro de Maio, 23, Vila Real de Santo António
House in Rua Primeiro de Maio, 23, Vila Real de Santo António — image 2House in Rua Primeiro de Maio, 23, Vila Real de Santo António — image 3House in Rua Primeiro de Maio, 23, Vila Real de Santo António — image 4House in Rua Primeiro de Maio, 23, Vila Real de Santo António — image 5
Grade C+villamid-range

House in Rua Primeiro de Maio, 23, Vila Real de Santo António

VRSA/Monte Gordo · Eastern Algarve ·

€680,000

Asking Price (EUR)

1.7%

True Net Yield (Owner, all-in)

0.9%

True Net Yield (Managed, all-in)

3.0%

True Gross Yield

44%

Occupancy

Projections — conservative (data maturing)

Our Airbnb calendar dataset started 2.6 months ago and is currently at 22% maturity. Yields shown apply a conservative calibration (realised-ADR factor 0.77, occupancy cap 67%) that auto-fades to full fidelity by April 2027.

Projected Gross Revenue: €23,403/yr
Average Daily Rate: €147
-7.0% vs area baselinePortuguese-traditional style (+5%), No pool (-12%)
Payback Period: 140.7 years
5-yr Capital Value: €788,306
10-yr Capital Value: €913,863
Brixfox Score: 46.8 / 100
Comparable Properties: 6
Data Confidence: 82%
Search Radius: 2 km

True Investment Cost

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

€769,890

+13.2% over asking

Asking price€680,000
IMT — Property transfer tax (investment schedule)€40,800
IS — Stamp duty (0.8%)€5,440
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€10,200
Total acquisition costs€57,690
Renovation€0 — move-in ready
Furnishing & STR launch (3bd × €4500 base, mid-range tier)
Furniture, appliances, electronics, linens, AL licence setup, launch photography.		€32,200
All-in investment (incl. renovation & furnishing)€769,890

Gross yield (asking price)

3.4%

True gross yield (all-in)

3.0%

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: 3
Bathrooms: 4
Building: 231 m²
Land: 136 m²
Style: portuguese-traditional
Condition: excellent
Energy Certificate: b-

AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Design Features

exposed wooden beam ceilingtraditional Portuguese facadearched window recess

Score Breakdown

ROI
2.84
Visual Appeal
11.2
Ownership Security
13
Location
8.4
Land & Space
2.96
Rental Demand
4.37
Payback Speed
0
STR Suitability
4

Description

There are properties that impress. There are properties that tell a story. And then there are those rare ones who can do both. In the heart of the historic Pombaline area of \u200b\u200bVila Real de Santo António, just a few steps from the emblematic Praça Marquês de Pombal, the Marina and all the vibrant life of the

Location

📍 37.1933°N, 7.4156°W

· VRSA/Monte Gordo, Algarve, Portugal

Visit KW Flash Algarve - Sotavento →Listed via Idealista.pt
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KW Flash Algarve - Sotavento
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House in Rua Primeiro de Maio, 23, Vila Real de Santo António

VRSA/Monte Gordo · Eastern Algarve · Ref BF-81890 Source verified · KW Flash Algarve - Sotavento · listed 16 Jun 2026
Asking price · Freehold
$739,130
View original listing
Ownership
Freehold
Bedrooms
3
Bathrooms
4
Built area
231 m²
Land
136 m²
True net yield
0.7%
≈ $1,412/mo net after costs & tax
Brixfox Score 47 · C+

What nearby Airbnbs actually earn

Brixfox tracks the live availability calendars of Airbnb listings around this property. The rates and occupancy below are observed from real bookings — this is the data behind every yield figure on this page.

Location

VRSA/Monte Gordo

Eastern Algarve, Approximate area

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Airbnb Comp Analysis

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Property details

Energy: b-
Condition: excellent

Description

There are properties that impress. There are properties that tell a story. And then there are those rare ones who can do both. In the heart of the historic Pombaline area of \u200b\u200bVila Real de Santo António, just a few steps from the emblematic Praça Marquês de Pombal, the Marina and all the vibrant life of the

Income Breakdown

Figures are modelled estimates derived from comparable short-term-rental data — not guaranteed returns or financial advice. Do your own due diligence before investing.

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Nightly Rate (ADR)
$208/night
50% ($96)Brixfox estimate($208/night)200% ($383)
Occupancy
44%
10%Brixfox estimate(44%)100%

Short-Term Rental

Yearly income
$16,006
Airbnb data$208/night · 44% occupancy
Rental income
$208/night · 44% occ.
$30,782
Running costs (20%)
Utilities, cleaning, maintenance
-$6,156
Income tax (10%)
Indonesian rental income tax
-$8,619
Property tax
Annual property tax
-$0
Net income
2.2% ROI
$16,006

Investment Returns

After-tax net yield · all-in cost basis

Approx. location

Net Yield · Fully-Managed · After Tax

0.7%

on all-in cost of $838,917

Scenario
Pre-tax
After-tax
Owner-managed
2.0%
1.7%
Fully-managed
1.0%
0.7%
After-tax nets ~28% non-resident IRS on AL income (simplified regime). Yields are on the all-in acquisition cost, not the asking price.

Gross Yield

3.7%

Annual Revenue

$30,782

Income Tax / yr

$2,693

Payback

—

True All-In Cost
Asking price$739,130
IMT — transfer tax (non-resident 7.5%)$55,435
Stamp duty (0.8%)$5,913
Notary + registry$2,174
Legal$9,091
Furnishing + STR launch$27,174
All-in cost$838,917

Growth & Exit Strategy

How your investment grows over time

Freehold — 4%/yr appreciation in VRSA/Monte Gordo.

$3.3M$2.5M$1.7M$836K$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Paid back2x ReturnToday: $680K
Capital appreciation
Property value growing at +4%/yr based on VRSA/Monte Gordo 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 30: rental income alone has repaid the full purchase price.
2x return
Year 13: total gains (capital + rental) have doubled your initial investment.
Year 5
Capital Value
$827K
+22%
Rental Income
+$78K
Total Position
$906K
+33%
5.9%/yr
Year 10
Capital Value
$1.0M
+48%
Rental Income
+$169K
Total Position
$1.2M
+73%
5.6%/yr
Year 20
Capital Value
$1.5M
+119%
Rental Income
+$396K
Total Position
$1.9M
+177%
5.2%/yr
Year 30
Capital Value
$2.2M
+224%
Rental Income
+$701K
Total Position
$2.9M
+327%
5.0%/yr

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Conversational analysis — questions about this listing, answered from real data.

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Villa Scorecard

Location
Average
Emerging or secondary location
Rental Yield
Weak
2.2% annual return
Occupancy
Weak
44% average occupancy
Nightly Rate
Good
$192 per night
Visual Appeal
Good
6/10 instagrammability
Size & Space
Weak
136 m² land area
Zoning
Average
STR zoning not confirmed
Tenure
Strong
Freehold ownership

Top Highlights

Freehold ownership — maximum long-term security

Watch Out

Secondary location — rental demand may be lower than premium areas
Yield of 2.2% is below the market average — model your cashflow carefully

Consider carefully. Returns are below market average for this price point.

Risks & What-If

What if occupancy changes?

Owner Managed scenario

30% occ.
2.2%
$1,330/mo
40% occ.
2.9%
$1,774/mo
44% occ.
3.1%
$1,939/mo
current
54% occ.
3.9%
$2,383/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. Market factors in Portugal may impact actual yields.