This listing includes AI condition scoring, neighbourhood intelligence, and market valuation data — giving you a complete picture before you visit. Compare rental yield, price per square metre, and location strength against the broader Portuguese market to assess whether this property fits your investment strategy.
3-bedroom, 2-bathroom house of 68 m². Located on travessa da Piçarra, Évora (São Mamede, Sé, São Pedro e Santo Antão) parish, Évora municipality, Évora district. Noteworthy Features: This centrally located property boasts a stunning terrace offering panoramic views of Évora's historic skyline, perfect for al fresco dining or relaxation in a vibrant setting.
The valuation. The asking price of €235,000 is significantly above the fair value of €89,928, making it overpriced by €145,072, or 61.7%. This discrepancy indicates that potential buyers should reconsider financial viability before proceeding.
Fair value modelled at €89,928 from the area baseline, adjusted for condition and location. Asking €235,000 sits €145,072 (61.7%) above — overpriced versus fair value.
Asking €235,000 versus the travessa da Piçarra area baseline of €107,576 (€1,582/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 59/100 (Condition 55 · Materials 60 · Room dimensions 62). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 48/100 (Housing Market 35 · Amenities 30 · Economic 35 · Tenant Quality 55). Softer demand indicators apply a discount to baseline.
travessa da Piçarra
Area baseline €107,576 + condition -€16,787 + location -€861 = modelled fair value of €89,928 (€1,322/m²), a €145,072 (61.7%) gap versus the €235,000 asking price.
Long-term rental Given the property is significantly overpriced with a gap of 61.7% from fair value, the 5% gross yield does not justify the high listing price. Additionally, the neighborhood has a low score of 48/100, indicating limited tenant quality and demand, making long-term rental prospects uncertain. Value-add renovation While renovation could improve the property's condition, currently rated at 59/100, the substantial mark-up above fair value at €235,000 raises concerns about recouping renovation costs. The existing market dynamics and neighborhood score suggest that the potential increased value from renovations might not align with the initial investment required for the property.
Low Economic Resilience The property is at risk due to a low economic stability score of 35/100, indicating potential difficulties in attracting and retaining tenants.
