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Detached house in Rua da Igreja, Algoz e Tunes, Silves
Detached house in Rua da Igreja, Algoz e Tunes, Silves — image 2Detached house in Rua da Igreja, Algoz e Tunes, Silves — image 3Detached house in Rua da Igreja, Algoz e Tunes, Silves — image 4Detached house in Rua da Igreja, Algoz e Tunes, Silves — image 5
Grade C+villabudget

Detached house in Rua da Igreja, Algoz e Tunes, Silves

Silves · Central Algarve ·

€229,000

Asking Price (EUR)

2.8%

True Net Yield (Owner, all-in)

1.6%

True Net Yield (Managed, all-in)

4.3%

True Gross Yield

67%

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: €20,530/yr
Average Daily Rate: €83
-31.0% vs area baselineImage quality 3/10 (-12%), Portuguese-traditional style (+5%), No pool (-12%), Budget finish (-12%)
Payback Period: 39.8 years
5-yr Capital Value: €265,474
10-yr Capital Value: €307,757
Brixfox Score: 50.7 / 100
Comparable Properties: 12
Data Confidence: 66%
Search Radius: 6 km

True Investment Cost

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

€474,694

+107.3% over asking

Asking price€229,000
IMT — Property transfer tax (investment schedule)€7,027
IS — Stamp duty (0.8%)€1,832
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€3,435
Total acquisition costs€13,544
Renovation (est. €900/m² × 237 m²)
Substantial renovation — full bathrooms + kitchen, rewiring, plumbing, finishes.		€213,300
(€165,900–€260,700)
Furnishing & STR launch (2bd × €2500 base, budget tier)
Furniture, appliances, electronics, linens, AL licence setup, launch photography.		€18,850
All-in investment (incl. renovation & furnishing)€474,694

Gross yield (asking price)

9.0%

True gross yield (all-in)

4.3%

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: 237 m²
Land: 237 m²
Style: portuguese-traditional
Condition: needs-renovation
Year Built: 1950
Energy Certificate: C

AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Design Features

arched ceilingsstone accentswooden ceiling beams

Score Breakdown

ROI
9.79
Visual Appeal
3.6
Ownership Security
13
Location
7.2
Land & Space
5.13
Rental Demand
6.99
Payback Speed
1
STR Suitability
4

Description

Investment Opportunity in the Centre of Algoz – Approved Project for Building with 4 Units Property with a total area of 237 m², ideal for reconstruction and expansion, located in the heart of Algoz, in a highly sought-after and appreciating area. The architectural project has already been approved by the City Council,

Location

📍 37.1621°N, 8.3060°W

· Silves, Algarve, Portugal

View this property on RE/MAX Praia →Listed via Idealista.pt
2-bedroom freehold villa in Silves — photo 1 of 5
RE/MAX Praia
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

Detached house in Rua da Igreja, Algoz e Tunes, Silves

Silves · Central Algarve · Ref BF-5677 Source verified · RE/MAX Praia · listed 2 Jun 2026
Asking price · Freehold
$248,913
View original listing
Ownership
Freehold
Bedrooms
2
Bathrooms
2
Built area
237 m²
Land
237 m²
True net yield
2.5%
≈ $1,471/mo net after costs & tax
5-yr total return (net + appreciation)
9.5% / yr avg
Payback in ~40 yrs from rent
Brixfox Score 51 · 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: 1950
Energy: C
Condition: needs-renovation

Description

Investment Opportunity in the Centre of Algoz – Approved Project for Building with 4 Units Property with a total area of 237 m², ideal for reconstruction and expansion, located in the heart of Algoz, in a highly sought-after and appreciating area. The architectural project has already been approved by the City Council,

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)
$117/night
50% ($54)Brixfox estimate($117/night)200% ($216)
Occupancy
70%
10%Brixfox estimate(70%)100%

Short-Term Rental

Indicative
Yearly income
$14,422
Likely range $8,653 – $20,190
Airbnb data$117/night · 70% occupancy
Rental income
$117/night · 70% occ.
$27,734
Running costs (20%)
Utilities, cleaning, maintenance
-$5,547
Income tax (10%)
Indonesian rental income tax
-$7,765
Property tax
Annual property tax
-$0
Net income
5.8% ROI
$14,422

Investment Returns

After-tax net yield · all-in cost basis

Approx. location

Net Yield · Fully-Managed · After Tax

2.5%

on all-in cost of $302,932

Scenario
Pre-tax
After-tax
Owner-managed
5.8%
5.0%
Fully-managed
3.3%
2.5%
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

9.2%

Annual Revenue

$27,734

Income Tax / yr

$2,427

Payback

40 yrs

True All-In Cost
Asking price$248,913
IMT — transfer tax (non-resident 7.5%)$18,668
Stamp duty (0.8%)$1,991
Notary + registry$2,174
Legal$4,011
Furnishing + STR launch$27,174
All-in cost$302,932

Growth & Exit Strategy

How your investment grows over time

Freehold — 4%/yr appreciation in Silves.

$1.6M$1.2M$790K$395K$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Paid back2x ReturnToday: $229K
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 15: rental income alone has repaid the full purchase price.
2x return
Year 9: total gains (capital + rental) have doubled your initial investment.
Year 5
Capital Value
$279K
+22%
Rental Income
+$70K
Total Position
$349K
+52%
8.8%/yr
Year 10
Capital Value
$339K
+48%
Rental Income
+$152K
Total Position
$491K
+114%
7.9%/yr
Year 20
Capital Value
$502K
+119%
Rental Income
+$357K
Total Position
$858K
+275%
6.8%/yr
Year 30
Capital Value
$743K
+224%
Rental Income
+$631K
Total Position
$1.4M
+500%
6.2%/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
Good
5.8% annual return
Occupancy
Good
70% average occupancy
Nightly Rate
Average
$108 per night
Visual Appeal
Weak
2/10 instagrammability
Size & Space
Average
237 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
ADR of $108 limits revenue ceiling — consider repositioning potential

Consider carefully. Returns are below market average for this price point.

Risks & What-If

What if occupancy changes?

Owner Managed scenario

50% occ.
6.0%
$1,248/mo
60% occ.
7.2%
$1,497/mo
70% occ.
8.4%
$1,747/mo
current
80% occ.
9.6%
$1,997/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.