Estate in São Bartolomeu de Messines, Silves
Silves · Central Algarve ·
€185,000
Asking Price (EUR)
6.6%
True Net Yield (Owner, all-in)
4.6%
True Net Yield (Managed, all-in)
10.1%
True Gross Yield
63%
Occupancy
Projections — conservative (data maturing)
Our Airbnb calendar dataset started 0.9 months ago and is currently at 7% maturity. Yields shown apply a conservative calibration (realised-ADR factor 0.72, occupancy cap 66%) that auto-fades to full fidelity by April 2027.
True Investment Cost
Portuguese transfer tax (IMT) + stamp duty (IS) + notary + registration + legal + renovation + full furnishing & STR launch setup.
€448,053
+142.2% over asking
| Asking price | €185,000 |
| IMT — Property transfer tax (investment schedule) | €4,048 |
| IS — Stamp duty (0.8%) | €1,480 |
| Notary (escritura) | €1,000 |
| Property registry | €250 |
| Legal fees (~1.5%) | €2,775 |
| Total acquisition costs | €9,553 |
| Renovation (est. €900/m² × 257 m²) Substantial renovation — full bathrooms + kitchen, rewiring, plumbing, finishes. | €231,300 (€179,900–€282,700) |
| Furnishing & STR launch (3bd × €2500 base, budget tier) Furniture, appliances, electronics, linens, AL licence setup, launch photography. | €22,200 |
| All-in investment (incl. renovation & furnishing) | €448,053 |
Gross yield (asking price)
24.5%
True gross yield (all-in)
10.1%
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.
AL Licence Status Unconfirmed
AL licence status unconfirmed — verify before purchase
Score Breakdown
Description
This seems like a fantastic location for a country house! Just 16 kilometres from the coast and only 2 minutes from the nearest restaurant/café, it has the perfect combination of tranquillity and proximity to amenities. This combination certainly offers a great quality of life. A plot of more than 3000 m2 in the middl
Location
📍 37.2092°N, 8.2880°W
· Silves, Algarve, Portugal