T1 flat in Avenida das Comunidades Lusíadas, 3, Três Castelos, Portimão
T1 flat in Avenida das Comunidades Lusíadas, 3, Três Castelos, Portimão — image 2T1 flat in Avenida das Comunidades Lusíadas, 3, Três Castelos, Portimão — image 3T1 flat in Avenida das Comunidades Lusíadas, 3, Três Castelos, Portimão — image 4T1 flat in Avenida das Comunidades Lusíadas, 3, Três Castelos, Portimão — image 5
Grade C+apartmentmid-range

T1 flat in Avenida das Comunidades Lusíadas, 3, Três Castelos, Portimão

Portimão · Western Algarve ·

€430,000

Asking Price (EUR)

1.3%

True Net Yield (Owner, all-in)

0.9%

True Net Yield (Managed, all-in)

1.9%

True Gross Yield

30%

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: €9,415/yr
Average Daily Rate: €87
Payback Period: 57.0 years
5-yr Capital Value: €565,014
10-yr Capital Value: €687,425
Brixfox Score: 53.9 / 100
Comparable Properties: 96
Data Confidence: 84%
Search Radius: 2 km

True Investment Cost

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

€482,870

+12.3% over asking

Asking price€430,000
IMT — Property transfer tax (investment schedule)€22,230
IS — Stamp duty (0.8%)€3,440
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€6,450
Total acquisition costs€33,370
Renovation€0 — move-in ready
Furnishing & STR launch (1bd × €4500 base, mid-range tier)
Furniture, appliances, electronics, linens, AL licence setup, launch photography.		€19,500
All-in investment (incl. renovation & furnishing)€482,870

Gross yield (asking price)

2.2%

True gross yield (all-in)

1.9%

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: 1
Bathrooms: 1
Building: 69 m²
Land: 69 m²
Style: modern
Condition: excellent
Year Built: 1989
Energy Certificate: E
View

AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Design Features

rooftop terrace with pergolasea view

Score Breakdown

ROI
9.53
Visual Appeal
10
Ownership Security
13
Location
9.36
Land & Space
6
Rental Demand
2.97
Payback Speed
0
STR Suitability
3

Description

Discover this magnificent 1bedroom flat at the top, with a breathtaking view of the Arade River. With barbecue and bathroom on the terrace. Fully furnished with high-end furnishings, this Penthouse combines comfort, elegance and prime location. Building with 24-hour security, with 4 elevators. Highlights: Panoramic

Location

📍 37.1356°N, 8.5377°W

· Portimão, Algarve, Portugal

View on Idealista.pt
Idealista.pt
Portimão / Western Algarve

T1 flat in Avenida das Comunidades Lusíadas, 3, Três Castelos, Portimão

Inventory
1 Beds
Bathrooms
1 Baths
Built Area
69 m²
Land Plot
69 m²
Tenure
Freehold
Yield Curve Status

Grade C+ investment — short-term rental yields 1.3% net return annually.

Go to Source via Idealista.pt

The Investment

Brixfox Score54
GradeC+
Brixfox Intelligence
54C+Moderate
Score Breakdown
ROI & Yield59%
Capital Growth57%
Risk Profile56%
Market Demand54%

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
+6.3%
Per Year (5yr avg)
Annualized projected property value change based on historical area appreciation rates (5-year average).
Capital Growth
+4.9%
+$106K in 5yr (+25%)
Estimated monthly net income after deducting management fees, operating costs, and taxes.
ROI Nett Rental Income
1.3%
$522/mo
Estimated time for the total investment value (equity + accumulated rent) to double.
100% Profit
14 yr
Combined
Number of years to fully recoup the initial purchase price using only net rental income.
Payback
74.7 yr
Rental only

Property details

Year built: 1989
Energy: E
Condition: excellent

Description

Discover this magnificent 1bedroom flat at the top, with a breathtaking view of the Arade River. With barbecue and bathroom on the terrace. Fully furnished with high-end furnishings, this Penthouse combines comfort, elegance and prime location. Building with 24-hour security, with 4 elevators. Highlights: Panoramic

Income Breakdown

Adjust Forecast

Customize your projections
Nightly Rate (ADR)
$126/night
50% ($58)Brixfox estimate($126/night)200% ($231)
Occupancy
30%
10%Brixfox estimate(30%)100%

Short-Term Rental

Yearly income
$6,261
Airbnb data$126/night · 30% occupancy
Rental income
$126/night · 30% occ.
$13,613
Running costs (20%)
Utilities, cleaning, maintenance
-$2,723
Income tax (10%)
Indonesian rental income tax
-$3,812
Property tax
Annual property tax
-$818
Net income
1.3% ROI
$6,261

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$467,391
IMT (transfer tax, investment schedule)$24,163
Imposto de Selo (stamp duty)$3,739
Notary & registration$1,359
Legal / due diligence$7,011
Total acquisition costs$36,272
RenovationMove-in ready
Furnishing & STR launch
1bd × $4,891 base + appliances, electronics, outdoor, licence, photography, linens.		$21,196
All-in investment$524,859

Gross yield (asking)

2.9%

True gross yield (all-in)

2.6%

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 Portimão.

$1.9M$1.4M$959K$480K$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 302x ReturnToday: $430K
Capital appreciation
Property value growing at +4%/yr based on Portimão 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.
2x return
Year 15: total gains (capital + rental) have doubled your initial investment.
Year 5
Capital Value
$523K
+22%
Rental Income
+$31K
Total Position
$554K
+29%
5.2%/yr
Year 10
Capital Value
$637K
+48%
Rental Income
+$66K
Total Position
$703K
+63%
5.0%/yr
Year 20
Capital Value
$942K
+119%
Rental Income
+$155K
Total Position
$1.1M
+155%
4.8%/yr
Year 30
Capital Value
$1.4M
+224%
Rental Income
+$274K
Total Position
$1.7M
+288%
4.6%/yr

Location

Portimão

Western Algarve, Approximate area

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Airbnb Comp Analysis

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Villa Scorecard

Location
Average
Emerging or secondary location
Rental Yield
Weak
1.3% annual return
Occupancy
Weak
30% average occupancy
Nightly Rate
Average
$116 per night
Visual Appeal
Good
7/10 instagrammability
Size & Space
Weak
69 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 1.3% 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.
1.9%
$735/mo
current
40% occ.
2.6%
$1,002/mo
30% occ.
1.9%
$726/mo
current
40% occ.
2.6%
$994/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.