Detached house in Rua de Portela, 3, São Bartolomeu de Messines, Silves
Silves · Central Algarve ·
€449,000
Asking Price (EUR)
13.4%
True Net Yield (Owner, all-in)
9.2%
True Net Yield (Managed, all-in)
20.6%
True Gross Yield
66%
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.
€538,047
+19.8% over asking
| Asking price | €449,000 |
| IMT — Property transfer tax (investment schedule) | €23,750 |
| IS — Stamp duty (0.8%) | €3,592 |
| Notary (escritura) | €1,000 |
| Property registry | €250 |
| Legal fees (~1.5%) | €6,735 |
| Total acquisition costs | €35,327 |
| Renovation (est. €55/m² × 294 m²) Light touch-ups — paint, fixtures, deep clean. | €16,170 (€8,820–€23,520) |
| Furnishing & STR launch (4bd × €4500 base, mid-range tier) Furniture, appliances, electronics, linens, AL licence setup, launch photography. | €37,550 |
| All-in investment (incl. renovation & furnishing) | €538,047 |
Gross yield (asking price)
24.6%
True gross yield (all-in)
20.6%
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
Design Features
Score Breakdown
Description
SOLD Discover this charming traditional property in the picturesque hamlet of Portela, São Bartolomeu de Messines. This spacious 3+1 bedroom, 2 bathroom residence boasts a peaceful location on an expansive 8080 m² plot, enveloped by a variety of fruit trees, olive trees, and carob trees. The land offers numerous flat a
Location
📍 37.2422°N, 8.2513°W
· Silves, Algarve, Portugal