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Terraced house in Rua Henriques Fernandes Serrao, Centro, Montenegro
Grade Avillaluxury

Terraced house in Rua Henriques Fernandes Serrao, Centro, Montenegro

Faro · Eastern Algarve ·

€795,000

Asking Price (EUR)

7.8%

True Net Yield (Owner, all-in)

5.6%

True Net Yield (Managed, all-in)

9.7%

True Gross Yield

47%

Occupancy

Projections — conservative (data maturing)

Our Airbnb calendar dataset started 3.1 months ago and is currently at 26% maturity. Yields shown apply a conservative calibration (realised-ADR factor 0.78, occupancy cap 68%) that auto-fades to full fidelity by April 2027.

Projected Gross Revenue: €89,439/yr
Average Daily Rate: €525
+14.0% vs area baselineImage quality 9/10 (+6%), Modern/contemporary style (+12%), No pool (-12%), Luxury finish (+8%)
Payback Period: 17.3 years
5-yr Capital Value: €921,623
10-yr Capital Value: €1.1M
Brixfox Score: 75.4 / 100
Comparable Properties: 6
Data Confidence: 74%
Search Radius: 4 km

True Investment Cost

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

€921,885

+16.0% over asking

Asking price€795,000
IMT — Property transfer tax (investment schedule)€47,700
IS — Stamp duty (0.8%)€6,360
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€11,925
Total acquisition costs€67,235
Renovation€0 — move-in ready
Furnishing & STR launch (4bd × €8000 base, luxury tier)
Furniture, appliances, electronics, linens, AL licence setup, launch photography.		€59,650
All-in investment (incl. renovation & furnishing)€921,885

Gross yield (asking price)

11.3%

True gross yield (all-in)

9.7%

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
Building: 389 m²
Style: contemporary
Condition: new-build

AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Design Features

slatted accent walllinear pendant lightingabstract artintegrated kitchen appliances

Score Breakdown

ROI
20.31
Visual Appeal
15
Ownership Security
13
Location
8.4
Land & Space
6
Rental Demand
4.66
Payback Speed
4
STR Suitability
4

Description

Introducing Ria Terraces, an exclusive residential development in Faro, nestled in a privileged natural setting next to the Ria Formosa, combining tranquility, comfort, and proximity to all the services of the Algarve capital. This is a brand-new, four-bedroom villa, built from scratch, with high-quality finishes and

Location

📍 37.0194°N, 7.9322°W

· Faro, Algarve, Portugal

Listed via Idealista.pt
4-bedroom freehold villa in Faro — photo 1 of 1
Idealista.pt

Terraced house in Rua Henriques Fernandes Serrao, Centro, Montenegro

Faro · Eastern Algarve · Ref BF-89488 Source verified · Idealista.pt · listed 1 Jul 2026
Asking price · Freehold
$864,130
Ownership
Freehold
Bedrooms
4
Built area
389 m²
True net yield
5.8%
≈ $7,790/mo net after costs & tax
5-yr total return (net + appreciation)
10.7% / yr avg
Payback in ~17 yrs from rent
Brixfox Score 75 · A

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

Faro

Eastern Algarve, Approximate area

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Airbnb Comp Analysis

Finding Airbnb comps...

Property details

Condition: new-build

Description

Introducing Ria Terraces, an exclusive residential development in Faro, nestled in a privileged natural setting next to the Ria Formosa, combining tranquility, comfort, and proximity to all the services of the Algarve capital. This is a brand-new, four-bedroom villa, built from scratch, with high-quality finishes and

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.

Adjust Forecast

Customize your projections
Nightly Rate (ADR)
$735/night
50% ($338)Brixfox estimate($735/night)200% ($1353)
Occupancy
47%
10%Brixfox estimate(47%)100%

Short-Term Rental

Indicative
Yearly income
$60,249
Likely range $36,149 – $84,348
Airbnb data$735/night · 47% occupancy
Rental income
$735/night · 47% occ.
$115,863
Running costs (20%)
Utilities, cleaning, maintenance
-$23,173
Income tax (10%)
Indonesian rental income tax
-$32,442
Property tax
Annual property tax
-$0
Net income
7.0% ROI
$60,249

Investment Returns

After-tax net yield · all-in cost basis

Area estimate

Net Yield · Area Estimate

5.8%

Based on area comps — this property's exact location is unconfirmed

Scenario
Pre-tax
After-tax
Owner-managed
9.6%
8.5%
Fully-managed
6.8%
5.8%
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

11.9%

Annual Revenue

$115,863

Income Tax / yr

$10,138

Payback

17 yrs

True All-In Cost
Asking price$864,130
IMT — transfer tax (non-resident 7.5%)$64,810
Stamp duty (0.8%)$6,913
Notary + registry$2,174
Legal$10,629
Furnishing + STR launch$27,174
All-in cost$975,830

Growth & Exit Strategy

How your investment grows over time

Freehold — 4%/yr appreciation in Faro.

$6.0M$4.5M$3.0M$1.5M$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Paid back2x ReturnToday: $795K
Capital appreciation
Property value growing at +4%/yr based on Faro 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
$967K
+22%
Rental Income
+$294K
Total Position
$1.3M
+59%
9.7%/yr
Year 10
Capital Value
$1.2M
+48%
Rental Income
+$635K
Total Position
$1.8M
+128%
8.6%/yr
Year 20
Capital Value
$1.7M
+119%
Rental Income
+$1.5M
Total Position
$3.2M
+306%
7.3%/yr
Year 30
Capital Value
$2.6M
+224%
Rental Income
+$2.6M
Total Position
$5.2M
+556%
6.5%/yr
Turnkey Management

Your property, professionally managed

Buying from abroad? You won't lift a finger. A vetted local management partner is already connected to this listing — ready to run it as a short-stay rental from day one, so the Managed projections above are something you can actually rely on.

Vetted by Brixfox 8+ yrs operating 110+ properties managed ~2h guest response

Atlantic Stays Management

Vetted

Alojamento Local management, Lisbon to the Algarve

22%
Management fee
of rental revenue — already in your Managed figures

End-to-end AL management for international owners. We handle the licence, the platforms and the guests so your second home pays for itself.

What the fee covers

  • Listing setup & optimisation (Airbnb, Booking.com, VRBO)
  • Dynamic pricing & revenue management
  • 24/7 multilingual guest communication
  • Guided check-in / check-out & key handling
  • Professional cleaning, laundry & restocking
  • Maintenance & repairs coordination
  • Monthly owner statements & payouts
  • Guest screening & damage protection
  • Alojamento Local (AL) licence handling & renewals
  • SEF/AIMA guest registration & tourist-tax filing
Visit Atlantic Stays Management

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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
Good
7.0% annual return
Occupancy
Average
47% average occupancy
Nightly Rate
Strong
$676 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

Premium nightly rate of $676 — positioned in the top tier
Stunning visuals with 8/10 instagrammability — commands premium nightly rates
Freehold ownership — maximum long-term security

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.
6.5%
$4,696/mo
40% occ.
8.7%
$6,262/mo
47% occ.
10.1%
$7,300/mo
current
57% occ.
12.3%
$8,865/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.