T2 flat in Rua Pêro Vaz de Caminha, Nn, Vau, Portimão
T2 flat in Rua Pêro Vaz de Caminha, Nn, Vau, Portimão — image 2T2 flat in Rua Pêro Vaz de Caminha, Nn, Vau, Portimão — image 3T2 flat in Rua Pêro Vaz de Caminha, Nn, Vau, Portimão — image 4T2 flat in Rua Pêro Vaz de Caminha, Nn, Vau, Portimão — image 5
Grade A+apartmentluxuryBuilding holds 3 AL licences

T2 flat in Rua Pêro Vaz de Caminha, Nn, Vau, Portimão

Portimão · Western Algarve ·

€662,500

Asking Price (EUR)

Net yield — free account

True Net Yield (after-tax, all-in)

5.4%

True Gross Yield

51%

Occupancy

Projected Gross Revenue: €41,123/yr
Average Daily Rate: 220
+11.0% vs area baselineImage quality 8/10 (+3%), Modern/contemporary style (+12%), No pool (-12%), Luxury finish (+8%)
5-yr Capital Value: €768,019
10-yr Capital Value: €890,345
Brixfox Score: 94 / 100
Comparable Properties: 79
Data Confidence: 94%
Search Radius: 2 km

True Investment Cost

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

€758,688

+14.5% over asking

Asking price€662,500
IMT — Property transfer tax (investment schedule)€39,750
IS — Stamp duty (0.8%)€5,300
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€9,938
Total acquisition costs€56,238
Renovation€0 — move-in ready
Furnishing & STR launch (2bd × €8000 base, luxury tier)
Furniture, appliances, electronics, linens, AL licence setup, launch photography.
€39,950
All-in investment (incl. renovation & furnishing)€758,688

Gross yield (asking price)

6.2%

True gross yield (all-in)

5.4%

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: 2
Bathrooms: 2
Building: 138
Style: contemporary
Condition: excellent
Year Built: 2028
Energy Certificate: A

Short-term rental is established in this building — 3 active AL licences registered at this address

Other units in the same building are registered for Alojamento Local in the official RNAL register, so STR demonstrably operates at this address. This unit’s own licence status is unconfirmed — the Algarve has no containment zones, so a new AL registration is normally obtainable, but confirm with the câmara municipal and check the condominium rules before counting on STR income.

Search the official RNT register →

Design Features

circular chandelierpatterned round rugmarble dining tableglass display cabinets with lighting

Score Breakdown

ROI
20.92
Visual Appeal
14.2
Ownership Security
13
Location
9.36
Land & Space
4.76
Rental Demand
5.11
Payback Speed
4
STR Suitability
4

Description

We present this magnificent 2 bedroom flat in the new gated community HORUS RESIDENCES, located in one of the most privileged areas of Portimão, a few meters from Praia da Rocha and Vau With areas between 137 m² and 160 m², this flat offers comfortable suites, large balconies and luxury finishes, designed to provide m

Location

📍 37.1272°N, 8.5484°W

Approximate location

· Portimão, Algarve, Portugal

Last confirmed on the market 13 days ago.

Listed by Imojoy Real Estate via Idealista.pt
2-bedroom freehold apartment in Portimão — photo 1 of 5
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T2 flat in Rua Pêro Vaz de Caminha, Nn, Vau, Portimão

Portimão · Western Algarve · Ref BF-2954Source · Idealista.pt · listed 16 Apr 2026
Asking price
€662,500
Bedrooms
2
Bathrooms
2
Built area
138 m²
Brixfox Score 94 · A+Financial analysis ↓

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Short-term rental is established in this building — 3 active AL licences registered at this address

Other units in the same building are registered for Alojamento Local in the official RNAL register, so STR demonstrably operates at this address. This unit’s own licence status is unconfirmed — the Algarve has no containment zones, so a new AL registration is normally obtainable, but confirm with the câmara municipal and check the condominium rules before counting on STR income.

Search the official RNT register →

Property details

Year built: 2028
Energy: A
Condition: excellent
AL licence: Building has AL (3 licences)

Description

We present this magnificent 2 bedroom flat in the new gated community HORUS RESIDENCES, located in one of the most privileged areas of Portimão, a few meters from Praia da Rocha and Vau With areas between 137 m² and 160 m², this flat offers comfortable suites, large balconies and luxury finishes, designed to provide m

Financial analysis
· Brixfox Standard · Non-resident · Fully managed
Fully managed is the Brixfox Standard shown on every card: a full-service manager whose commission includes the OTA/channel listing (not the cleaning cost — changeovers are funded by guest cleaning fees; you bear the residual). Self-managed drops the commission but pays the OTA host fee, staff/local operations and your own time directly. Both scenarios divide the SAME gross revenue — the toggle changes the cost stack, not the revenue. That revenue is observed from actively-operated comps, so self-managed assumes you match their performance.Both scenarios share the same projected revenue — the toggle changes who runs the property and what that costs, not what it earns.
Net yieldNet operating income ÷ all-in investment. After local operating taxes; before home-country personal tax and financing costs. Modelled from observed market performance of comparable Airbnb listings.
Gross yield · all-in basis
Before tax in your home country and financing costs. Estimates, not financial advice.

Revenue assumptions

Derived from the comparable Airbnb listings below. The headline ADR and revenue are the expected BOOKED figures — nearby asking prices corrected by our measured asking-to-booked factor (Portugal's calendar dataset is young, so this is a conservative estimate). Occupancy is the seasonality-adjusted full-year rate. The comp cards below show raw asking prices.
Expected ADR
€220
Expected booked rate (asking prices × measured booked factor)
Expected occupancy
51%
Full-year estimate, market-calibrated
Projected annual revenue
€41,123
ADR × occupancy × 365
Comp data observed in USD · converted at €0.88/$
Seasonal occupancy pattern
Peak Aug +50% · Low Dec -41%
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F
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Modelled monthly index (relative to the annual average) — replaced by measured per-market indices as calendar history matures.

Investment basis

The true all-in acquisition cost — asking price plus purchase costs, renovation and furnishing. Every yield on this page is computed against this total, not the asking price.
Adjust the figures to your deal — yields recalculate live.
Purchase price· asking
Acquisition costs· 8.5% of price, auto-calculated
€56,238
IMT (transfer tax, investment schedule)€39,750
Imposto de Selo (stamp duty)€5,300
Notary & registration€1,250
Legal fees€9,938
Renovation budget· Move-in ready. No renovation budgeted.
Furniture & STR launch· default ≈ €19,975/bedroom
All-in investment
€758,688
+14.5% over asking
Fully managed scenarioSwitch the scenario with the toggle at the top of the financial analysis — it drives every figure in this section. Gross revenue is identical in both scenarios (the comps' observed performance); the Villa Scorecard and risk panels elsewhere on the page always quote the fully-managed Brixfox Standard.
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Total return estimate

OptionalNet yield plus an appreciation assumption you choose. Appreciation is a forward-looking assumption, not data — which is why it defaults to 0% and is kept out of the yield figures above.
Annual appreciation assumption0%
0%4.5% · Portimão 5-yr avg — historical, not a forecast8%
Indicative total return
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Appreciation assumptions are illustrative only. Past regional price growth does not predict future performance; local supply, regulation and currency moves can materially change outcomes. Not financial advice.

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Where it sits — and the comps around it

The Airbnb listings behind the market evidence above, on the map.

Location

Portimão

Western Algarve, Approximate area

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Apartment Scorecard

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Risks & What-If

What if occupancy changes?

Brixfox Standard · Non-resident · Fully managed · net yield on all-in cost

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Source · Idealista.pt

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Data Sources & Methodology

ROI calculations use Brixfox Intelligence rental data from live Airbnb calendar tracking — the Algarve dataset has been live since March 2026, seasonality-adjusted to a full-year estimate with a conservative calibration while it matures. Operating costs are modelled per line (management, channel fees, cleaning, utilities, IMI, maintenance, insurance). After-tax yields deduct non-resident IRS on AL income under the simplified regime (~8.75% of gross); buyer-side IMT and stamp duty are included in the all-in cost basis. Market factors in Portugal may impact actual yields.