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House in Correeira, Albufeira e Olhos de Água
House in Correeira, Albufeira e Olhos de Água — image 2House in Correeira, Albufeira e Olhos de Água — image 3House in Correeira, Albufeira e Olhos de Água — image 4House in Correeira, Albufeira e Olhos de Água — image 5
Grade A+villamid-range

House in Correeira, Albufeira e Olhos de Água

Albufeira · Central Algarve ·

€890,000

Asking Price (EUR)

12.3%

True Net Yield (Owner, all-in)

9.0%

True Net Yield (Managed, all-in)

14.5%

True Gross Yield

55%

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: €147,470/yr
Average Daily Rate: €729
+22.0% vs area baselineModern/contemporary style (+12%), Has pool (0%), Has view (+10%)
Payback Period: 10.7 years
5-yr Capital Value: €1.0M
10-yr Capital Value: €1.2M
Brixfox Score: 87.5 / 100
Comparable Properties: 22
Data Confidence: 92%
Search Radius: 2 km

True Investment Cost

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

€1.0M

+13.9% over asking

Asking price€890,000
IMT — Property transfer tax (investment schedule)€53,400
IS — Stamp duty (0.8%)€7,120
Notary (escritura)€1,000
Property registry€250
Legal fees (~1.5%)€13,350
Total acquisition costs€75,120
Renovation (est. €55/m² × 160 m²)
Light touch-ups — paint, fixtures, deep clean.		€8,800
(€4,800–€12,800)
Furnishing & STR launch (4bd × €4500 base, mid-range tier)
Furniture, appliances, electronics, linens, AL licence setup, launch photography.		€40,050
All-in investment (incl. renovation & furnishing)€1.0M

Gross yield (asking price)

16.6%

True gross yield (all-in)

14.5%

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: 4
Bathrooms: 3
Building: 160 m²
Land: 750 m²
Style: contemporary
Condition: good
Year Built: 1974
Energy Certificate: A+
Private Pool
View

AL Licence Status Unconfirmed

AL licence status unconfirmed — verify before purchase

Design Features

private swimming poolspacious lawn areaoutdoor lounging areaopen-plan living/dining

Score Breakdown

ROI
25
Visual Appeal
12.8
Ownership Security
13
Location
10.2
Land & Space
12
Rental Demand
5.54
Payback Speed
5
STR Suitability
4

Description

This fully refurbished traditional villa offers a rare opportunity to purchase a stylish, single-level home in one of Albufeira's most convenient and sought-after residential areas. Situated within a quiet, well-established neighbourhood, just minutes from local supermarkets, sporting facilities, schools, and a short d

Location

📍 37.0977°N, 8.2339°W

· Albufeira, Algarve, Portugal

View this property on Cerro Novo Lda →Listed via Idealista.pt
4-bedroom freehold villa in Albufeira — photo 1 of 5
Cerro Novo Lda
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4-bedroom freehold villa in Albufeira — photo 5 of 5

House in Correeira, Albufeira e Olhos de Água

Albufeira · Central Algarve · Ref BF-6831 Source verified · Cerro Novo Lda · listed 3 Jun 2026
Asking price · Freehold
$967,391
View original listing
Ownership
Freehold
Bedrooms
4
Bathrooms
3
Built area
160 m²
Land
750 m²
True net yield
9.3%
≈ $13,512/mo net after costs & tax
5-yr total return (net + appreciation)
15.3% / yr avg
Payback in ~11 yrs from rent
Brixfox Score 88 · A+

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

Albufeira

Central Algarve, Approximate area

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Airbnb Comp Analysis

Finding Airbnb comps...

Property details

Year built: 1974
Energy: A+
Condition: good

Description

This fully refurbished traditional villa offers a rare opportunity to purchase a stylish, single-level home in one of Albufeira's most convenient and sought-after residential areas. Situated within a quiet, well-established neighbourhood, just minutes from local supermarkets, sporting facilities, schools, and a short d

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)
$1,026/night
50% ($472)Brixfox estimate($1,026/night)200% ($1887)
Occupancy
55%
10%Brixfox estimate(55%)100%

Short-Term Rental

Indicative
Yearly income
$99,899
Likely range $59,939 – $139,859
Airbnb data$1,026/night · 55% occupancy
Rental income
$1,026/night · 55% occ.
$192,113
Running costs (20%)
Utilities, cleaning, maintenance
-$38,423
Income tax (10%)
Indonesian rental income tax
-$53,792
Property tax
Annual property tax
-$0
Net income
10.3% ROI
$99,899

Investment Returns

After-tax net yield · all-in cost basis

Area estimate

Net Yield · Area Estimate

9.3%

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

Scenario
Pre-tax
After-tax
Owner-managed
14.9%
13.3%
Fully-managed
10.9%
9.3%
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

17.6%

Annual Revenue

$192,113

Income Tax / yr

$16,810

Payback

11 yrs

True All-In Cost
Asking price$967,391
IMT — transfer tax (non-resident 7.5%)$72,554
Stamp duty (0.8%)$7,739
Notary + registry$2,174
Legal$11,899
Furnishing + STR launch$27,174
All-in cost$1,088,932

Growth & Exit Strategy

How your investment grows over time

Freehold — 4%/yr appreciation in Albufeira.

$8.3M$6.3M$4.2M$2.1M$0Yr 0Yr 5Yr 10Yr 15Yr 20Yr 25Yr 30Paid back2x ReturnToday: $890K
Capital appreciation
Property value growing at +4%/yr based on Albufeira 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 9: rental income alone has repaid the full purchase price.
2x return
Year 7: total gains (capital + rental) have doubled your initial investment.
Year 5
Capital Value
$1.1M
+22%
Rental Income
+$488K
Total Position
$1.6M
+76%
12.0%/yr
Year 10
Capital Value
$1.3M
+48%
Rental Income
+$1.1M
Total Position
$2.4M
+166%
10.3%/yr
Year 20
Capital Value
$2.0M
+119%
Rental Income
+$2.5M
Total Position
$4.4M
+397%
8.3%/yr
Year 30
Capital Value
$2.9M
+224%
Rental Income
+$4.4M
Total Position
$7.3M
+716%
7.2%/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
Strong
10.3% annual return
Occupancy
Average
55% average occupancy
Nightly Rate
Strong
$943 per night
Visual Appeal
Good
7/10 instagrammability
Size & Space
Strong
750 m² land area
Zoning
Average
STR zoning not confirmed
Tenure
Strong
Freehold ownership

Top Highlights

High rental yield at 10.3% — outperforms most villas in this market
Premium nightly rate of $943 — positioned in the top tier
Generous 750 m² land — room for expansion or amenities

Watch Out

Secondary location — rental demand may be lower than premium areas
Occupancy at 55% — factor in seasonal gaps

This villa is a strong investment. High rental demand and good returns make it suitable for both active and passive investors.

Risks & What-If

What if occupancy changes?

Owner Managed scenario

35% occ.
9.6%
$7,736/mo
45% occ.
12.3%
$9,920/mo
55% occ.
15.0%
$12,103/mo
current
65% occ.
17.7%
$14,287/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.