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Terraced house in Zona Histórica, Silves
Terraced house in Zona Histórica, Silves — image 2Terraced house in Zona Histórica, Silves — image 3Terraced house in Zona Histórica, Silves — image 4Terraced house in Zona Histórica, Silves — image 5
Grade C+villamid-range

Terraced house in Zona Histórica, Silves

Silves · Central Algarve ·

€340,000

Asking Price (EUR)

3.0%

True Net Yield (Owner, all-in)

1.6%

True Net Yield (Managed, all-in)

5.1%

True Gross Yield

34%

Occupancy

Projections — conservative (data maturing)

Our Airbnb calendar dataset started 2.9 months ago and is currently at 24% maturity. Yields shown apply a conservative calibration (realised-ADR factor 0.77, occupancy cap 67%) that auto-fades to full fidelity by April 2027.

Projected Gross Revenue: €20,193/yr
Average Daily Rate: €164
Payback Period: 73.8 years
5-yr Capital Value: €394,153
10-yr Capital Value: €456,932
Brixfox Score: 46 / 100
Comparable Properties: 6
Data Confidence: 81%
Search Radius: 2 km

True Investment Cost

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

€395,350

+16.3% over asking

Asking price€340,000
IMT — Property transfer tax (investment schedule)€15,030
IS — Stamp duty (0.8%)€2,720
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€5,100
Total acquisition costs€24,100
Renovation (est. €55/m² × 80 m²)
Light touch-ups — paint, fixtures, deep clean.		€4,400
(€2,400–€6,400)
Furnishing & STR launch (2bd × €4500 base, mid-range tier)
Furniture, appliances, electronics, linens, AL licence setup, launch photography.		€26,850
All-in investment (incl. renovation & furnishing)€395,350

Gross yield (asking price)

5.9%

True gross yield (all-in)

5.1%

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.

Bedrooms: 2
Bathrooms: 1
Building: 80 m²
Style: portuguese-traditional
Condition: good
Energy Certificate: F
View

AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Design Features

rooftop terracestone accent walltraditional Portuguese architecture

Score Breakdown

ROI
5.44
Visual Appeal
9.4
Ownership Security
13
Location
7.2
Land & Space
3.6
Rental Demand
3.38
Payback Speed
0
STR Suitability
4

Description

Townhouse for sale We present a T2 townhouse, with 79 m² of usable area (80 m² gross area), situated in good condition. Distributed over two floors, it offers a practical solution for those seeking comfort and functionality in a home with a classic layout and good sun exposure (North/South orientation). On the ground

Location

📍 37.1880°N, 8.4427°W

· Silves, Algarve, Portugal

Listed by ERA Portimão/Praia da Rocha via Idealista.pt
2-bedroom freehold villa in Silves — photo 1 of 5
Idealista.pt
2-bedroom freehold villa in Silves — photo 2 of 5
2-bedroom freehold villa in Silves — photo 3 of 5
2-bedroom freehold villa in Silves — photo 4 of 5
2-bedroom freehold villa in Silves — photo 5 of 5

Terraced house in Zona Histórica, Silves

Silves · Central Algarve · Ref BF-5346 Source verified · Idealista.pt · listed 2 Jun 2026
Asking price · Freehold
$369,565
Ownership
Freehold
Bedrooms
2
Bathrooms
1
Built area
80 m²
True net yield
1.4%
≈ $1,291/mo net after costs & tax
5-yr total return (net + appreciation)
7.5% / yr avg
Payback in ~74 yrs from rent
Brixfox Score 46 · C+

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

Silves

Central Algarve, Approximate area

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Airbnb Comp Analysis

Finding Airbnb comps...

Property details

Energy: F
Condition: good

Description

Townhouse for sale We present a T2 townhouse, with 79 m² of usable area (80 m² gross area), situated in good condition. Distributed over two floors, it offers a practical solution for those seeking comfort and functionality in a home with a classic layout and good sun exposure (North/South orientation). On the ground

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)
$230/night
50% ($106)Brixfox estimate($230/night)200% ($424)
Occupancy
34%
10%Brixfox estimate(34%)100%

Short-Term Rental

Indicative
Yearly income
$13,675
Likely range $8,205 – $19,146
Airbnb data$230/night · 34% occupancy
Rental income
$230/night · 34% occ.
$26,299
Running costs (20%)
Utilities, cleaning, maintenance
-$5,260
Income tax (10%)
Indonesian rental income tax
-$7,364
Property tax
Annual property tax
-$0
Net income
3.7% ROI
$13,675

Investment Returns

After-tax net yield · all-in cost basis

Exact location

Net Yield · Fully-Managed · After Tax

1.4%

on all-in cost of $434,133

Scenario
Pre-tax
After-tax
Owner-managed
3.6%
3.0%
Fully-managed
1.9%
1.4%
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

6.1%

Annual Revenue

$26,299

Income Tax / yr

$2,301

Payback

74 yrs

True All-In Cost
Asking price$369,565
IMT — transfer tax (non-resident 7.5%)$27,717
Stamp duty (0.8%)$2,957
Notary + registry$2,174
Legal$4,546
Furnishing + STR launch$27,174
All-in cost$434,133

Growth & Exit Strategy

How your investment grows over time

Freehold — 4%/yr appreciation in Silves.

$2.0M$1.5M$978K$489K$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Paid back2x ReturnToday: $340K
Capital appreciation
Property value growing at +4%/yr based on Silves 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 21: rental income alone has repaid the full purchase price.
2x return
Year 11: total gains (capital + rental) have doubled your initial investment.
Year 5
Capital Value
$414K
+22%
Rental Income
+$67K
Total Position
$480K
+41%
7.2%/yr
Year 10
Capital Value
$503K
+48%
Rental Income
+$144K
Total Position
$648K
+90%
6.7%/yr
Year 20
Capital Value
$745K
+119%
Rental Income
+$338K
Total Position
$1.1M
+219%
6.0%/yr
Year 30
Capital Value
$1.1M
+224%
Rental Income
+$599K
Total Position
$1.7M
+400%
5.5%/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

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
Average
3.7% annual return
Occupancy
Weak
34% average occupancy
Nightly Rate
Strong
$212 per night
Visual Appeal
Good
6/10 instagrammability
Size & Space
Weak
0 m² land area
Zoning
Average
STR zoning not confirmed
Tenure
Strong
Freehold ownership

Top Highlights

Premium nightly rate of $212 — positioned in the top tier
Freehold ownership — maximum long-term security

Watch Out

Secondary location — rental demand may be lower than premium areas
Yield of 3.7% is near 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.
4.8%
$1,471/mo
40% occ.
6.4%
$1,961/mo
34% occ.
5.4%
$1,657/mo
current
44% occ.
7.0%
$2,147/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.