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

Terraced house in Rua Dom Afonso III, Zona Histórica, Silves

Silves · Central Algarve ·

€320,000

Asking Price (EUR)

2.7%

True Net Yield (Owner, all-in)

1.3%

True Net Yield (Managed, all-in)

4.8%

True Gross Yield

33%

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: €17,940/yr
Average Daily Rate: €151
-7.0% vs area baselinePortuguese-traditional style (+5%), No pool (-12%)
Payback Period: 96.0 years
5-yr Capital Value: €370,968
10-yr Capital Value: €430,053
Brixfox Score: 45.7 / 100
Comparable Properties: 7
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.

€373,950

+16.9% over asking

Asking price€320,000
IMT — Property transfer tax (investment schedule)€13,430
IS — Stamp duty (0.8%)€2,560
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€4,800
Total acquisition costs€22,040
Renovation (est. €55/m² × 92 m²)
Light touch-ups — paint, fixtures, deep clean.		€5,060
(€2,760–€7,360)
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)€373,950

Gross yield (asking price)

5.6%

True gross yield (all-in)

4.8%

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: 92 m²
Style: portuguese-traditional
Condition: good
Year Built: 2020
Energy Certificate: F

AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Design Features

traditional blue and white facadecobblestone streetexposed wooden beam

Score Breakdown

ROI
4.16
Visual Appeal
10.2
Ownership Security
13
Location
7.2
Land & Space
3.84
Rental Demand
3.25
Payback Speed
0
STR Suitability
4

Description

Discover this charming 80 m² house, located in the heart of Silves' historic center – one of the city's most authentic and sought-after areas. Comprising 3 rooms, this house has been completely renovated, combining traditional charm with modern comfort. Inside, elegant wooden elements stand out, creating a welcoming a

Location

📍 37.1890°N, 8.4390°W

· Silves, Algarve, Portugal

View this property on KW Flash Algarve - Barlavento →Listed via Idealista.pt
2-bedroom freehold villa in Silves — photo 1 of 5
KW Flash Algarve - Barlavento
2-bedroom freehold villa in Silves — photo 2 of 5
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2-bedroom freehold villa in Silves — photo 4 of 5
2-bedroom freehold villa in Silves — photo 5 of 5

Terraced house in Rua Dom Afonso III, Zona Histórica, Silves

Silves · Central Algarve · Ref BF-5347 Source verified · KW Flash Algarve - Barlavento · listed 2 Jun 2026
Asking price · Freehold
$347,826
View original listing
Ownership
Freehold
Bedrooms
2
Bathrooms
1
Built area
92 m²
True net yield
1.0%
≈ $1,082/mo net after costs & tax
5-yr total return (net + appreciation)
7.2% / yr avg
Payback in ~96 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

Year built: 2020
Energy: F
Condition: good

Description

Discover this charming 80 m² house, located in the heart of Silves' historic center – one of the city's most authentic and sought-after areas. Comprising 3 rooms, this house has been completely renovated, combining traditional charm with modern comfort. Inside, elegant wooden elements stand out, creating a welcoming a

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)
$213/night
50% ($98)Brixfox estimate($213/night)200% ($391)
Occupancy
33%
10%Brixfox estimate(33%)100%

Short-Term Rental

Indicative
Yearly income
$12,152
Likely range $7,291 – $17,012
Airbnb data$213/night · 33% occupancy
Rental income
$213/night · 33% occ.
$23,368
Running costs (20%)
Utilities, cleaning, maintenance
-$4,674
Income tax (10%)
Indonesian rental income tax
-$6,543
Property tax
Annual property tax
-$0
Net income
3.5% ROI
$12,152

Investment Returns

After-tax net yield · all-in cost basis

Area estimate

Net Yield · Area Estimate

1.0%

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

Scenario
Pre-tax
After-tax
Owner-managed
3.2%
2.7%
Fully-managed
1.5%
1.0%
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

5.7%

Annual Revenue

$23,368

Income Tax / yr

$2,045

Payback

96 yrs

True All-In Cost
Asking price$347,826
IMT — transfer tax (non-resident 7.5%)$26,087
Stamp duty (0.8%)$2,783
Notary + registry$2,174
Legal$4,278
Furnishing + STR launch$27,174
All-in cost$410,322

Growth & Exit Strategy

How your investment grows over time

Freehold — 4%/yr appreciation in Silves.

$1.8M$1.4M$903K$451K$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Paid back2x ReturnToday: $320K
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 12: total gains (capital + rental) have doubled your initial investment.
Year 5
Capital Value
$389K
+22%
Rental Income
+$59K
Total Position
$449K
+40%
7.0%/yr
Year 10
Capital Value
$474K
+48%
Rental Income
+$128K
Total Position
$602K
+88%
6.5%/yr
Year 20
Capital Value
$701K
+119%
Rental Income
+$300K
Total Position
$1.0M
+213%
5.9%/yr
Year 30
Capital Value
$1.0M
+224%
Rental Income
+$532K
Total Position
$1.6M
+391%
5.4%/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
3.5% annual return
Occupancy
Weak
33% average occupancy
Nightly Rate
Good
$196 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

Freehold ownership — maximum long-term security

Watch Out

Secondary location — rental demand may be lower than premium areas
Yield of 3.5% 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.
4.7%
$1,358/mo
40% occ.
6.2%
$1,810/mo
33% occ.
5.1%
$1,472/mo
current
43% occ.
6.6%
$1,925/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.