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Terraced house in Rua Henriques Fernandes Serrao, Centro, Montenegro
Terraced house in Rua Henriques Fernandes Serrao, Centro, Montenegro — image 2Terraced house in Rua Henriques Fernandes Serrao, Centro, Montenegro — image 3Terraced house in Rua Henriques Fernandes Serrao, Centro, Montenegro — image 4Terraced house in Rua Henriques Fernandes Serrao, Centro, Montenegro — image 5
Grade Avillaluxury

Terraced house in Rua Henriques Fernandes Serrao, Centro, Montenegro

Faro · Eastern Algarve ·

€1.1M

Asking Price (EUR)

12.7%

True Net Yield (Owner, all-in)

9.3%

True Net Yield (Managed, all-in)

14.9%

True Gross Yield

51%

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: €179,100/yr
Average Daily Rate: €965
+36.0% vs area baselineImage quality 9/10 (+6%), Modern/contemporary style (+12%), Has pool (0%), Has pool (+10%), Luxury finish (+8%)
Payback Period: 10.3 years
5-yr Capital Value: €1.2M
10-yr Capital Value: €1.4M
Brixfox Score: 80.8 / 100
Comparable Properties: 17
Data Confidence: 74%
Search Radius: 6 km

True Investment Cost

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

€1.2M

+14.3% over asking

Asking price€1.1M
IMT — Property transfer tax (investment schedule)€63,000
IS — Stamp duty (0.8%)€8,400
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€15,750
Total acquisition costs€88,400
Renovation€0 — move-in ready
Furnishing & STR launch (4bd × €8000 base, luxury tier)
Furniture, appliances, electronics, linens, AL licence setup, launch photography.		€62,150
All-in investment (incl. renovation & furnishing)€1.2M

Gross yield (asking price)

17.1%

True gross yield (all-in)

14.9%

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: 4
Bathrooms: 4
Building: 475 m²
Land: 280 m²
Style: modern
Condition: new-build
Year Built: 2025
Energy Certificate: A+
Private Pool
pool

AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Design Features

slatted room dividerintegrated kitchen appliancesprivate garden with poollarge sliding glass doors

Score Breakdown

ROI
25
Visual Appeal
15
Ownership Security
13
Location
8.4
Land & Space
5.27
Rental Demand
5.09
Payback Speed
5
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

📍 37.0219°N, 7.9870°W

· Faro, Algarve, Portugal

Visit the listing agency →Listed via Idealista.pt
4-bedroom freehold villa in Faro — photo 1 of 5
agency website
4-bedroom freehold villa in Faro — photo 2 of 5
4-bedroom freehold villa in Faro — photo 3 of 5
4-bedroom freehold villa in Faro — photo 4 of 5
4-bedroom freehold villa in Faro — photo 5 of 5

Terraced house in Rua Henriques Fernandes Serrao, Centro, Montenegro

Faro · Eastern Algarve · Ref BF-89491 Source verified · agency website · listed 1 Jul 2026
Asking price · Freehold
$1,141,304
View original listing
Ownership
Freehold
Bedrooms
4
Bathrooms
4
Built area
475 m²
Land
280 m²
True net yield
9.7%
≈ $16,436/mo net after costs & tax
5-yr total return (net + appreciation)
14.3% / yr avg
Payback in ~10 yrs from rent
Brixfox Score 81 · 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

Year built: 2025
Energy: A+
Condition: new-build
View: pool

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)
$1,350/night
50% ($621)Brixfox estimate($1,350/night)200% ($2484)
Occupancy
51%
10%Brixfox estimate(51%)100%

Short-Term Rental

Indicative
Yearly income
$120,656
Likely range $72,393 – $168,918
Airbnb data$1,350/night · 51% occupancy
Rental income
$1,350/night · 51% occ.
$232,030
Running costs (20%)
Utilities, cleaning, maintenance
-$46,406
Income tax (10%)
Indonesian rental income tax
-$64,969
Property tax
Annual property tax
-$0
Net income
10.6% ROI
$120,656

Investment Returns

After-tax net yield · all-in cost basis

Approx. location

Net Yield · Fully-Managed · After Tax

9.7%

on all-in cost of $1,278,750

Scenario
Pre-tax
After-tax
Owner-managed
15.4%
13.8%
Fully-managed
11.3%
9.7%
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

18.1%

Annual Revenue

$232,030

Income Tax / yr

$20,302

Payback

10 yrs

True All-In Cost
Asking price$1,141,304
IMT — transfer tax (non-resident 7.5%)$85,598
Stamp duty (0.8%)$9,130
Notary + registry$2,174
Legal$13,370
Furnishing + STR launch$27,174
All-in cost$1,278,750

Growth & Exit Strategy

How your investment grows over time

Freehold — 4%/yr appreciation in Faro.

$10.0M$7.5M$5.0M$2.5M$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Paid back2x ReturnToday: $1.1M
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 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
$1.3M
+22%
Rental Income
+$589K
Total Position
$1.9M
+78%
12.2%/yr
Year 10
Capital Value
$1.6M
+48%
Rental Income
+$1.3M
Total Position
$2.8M
+169%
10.4%/yr
Year 20
Capital Value
$2.3M
+119%
Rental Income
+$3.0M
Total Position
$5.3M
+403%
8.4%/yr
Year 30
Capital Value
$3.4M
+224%
Rental Income
+$5.3M
Total Position
$8.7M
+727%
7.3%/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

Ask Brixfox AI

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

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Villa Scorecard

Location
Average
Emerging or secondary location
Rental Yield
Strong
10.6% annual return
Occupancy
Average
51% average occupancy
Nightly Rate
Strong
$1242 per night
Visual Appeal
Strong
8/10 instagrammability
Size & Space
Average
280 m² land area
Zoning
Average
STR zoning not confirmed
Tenure
Strong
Freehold ownership

Top Highlights

High rental yield at 10.6% — outperforms most villas in this market
Premium nightly rate of $1242 — 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 51% — 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

31% occ.
9.3%
$8,869/mo
41% occ.
12.3%
$11,743/mo
51% occ.
15.4%
$14,618/mo
current
61% occ.
18.4%
$17,492/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.