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: The property boasts a stunning terrace with panoramic views of the historic cityscape, providing an exceptional space for outdoor relaxation and entertaining guests.
The valuation. The asking price of €235,000 is significantly above the fair value of €84,488, resulting in an overpricing of €150,512 (64.0%). This discrepancy suggests a challenging market for potential buyers. Buy-to-flip angle. With the property priced excessively, a flip strategy would require substantial renovations to improve its appeal significantly, which may not yield the necessary profits in this rural area. Buy-to-let angle. The estimated gross yield is 5% with monthly rental income around €979, providing a modest return. However, the property's condition and location may limit tenant demand and long-term income stability.
Fair value modelled at €84,488 from the area baseline, adjusted for condition and location. Asking €235,000 sits €150,512 (64.0%) above — overpriced versus fair value.
Asking €235,000 versus the travessa da Piçarra area baseline of €161,228 (€2,371/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 56/100 (Condition 60 · Materials 55 · Room dimensions 52). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 44/100 (Housing Market 40 · Amenities 45 · Economic 35 · Tenant Quality 50). Softer demand indicators apply a discount to baseline.
travessa da Piçarra
Area baseline €161,228 + condition -€20,506 + location -€2,582 = modelled fair value of €84,488 (€1,242/m²), a €150,512 (64.0%) gap versus the €235,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| travessa da Piçarra | Subject | €235,000 | €3,456 | — | 60 | 44 |
| rua do Telhal, 46 | Active | €280,000 | €2,188 | 36.7% | 71 | 41 |
| rua da Mostardeira | Active | €157,000 | €2,379 | 31.2% | 55 | 45 |
| rua Henrique de Menezes, 4 | Active | €265,000 | €2,054 | 40.6% | 70 | 38 |
| rua Cinco de Outubro | Active | €1,200,000 | €2,424 | 29.9% | 38 | 45 |
| Median comp | €272,500 | €2,284 | 33.9% | 63 | 43 |
Long-term rental The property, with a listing price of €235,000, is significantly overpriced compared to its fair value of €84,488, indicating a potential loss on rental yields down the line. With a gross yield of 5% in a neighborhood rated only 44/100, the long-term rental strategy may lack the necessary economic support to justify this investment. Buy-and-hold Investing in this property as a buy-and-hold scenario is discouraged since it is overpriced by 64.0%, questioning future appreciation. The current condition score of 56/100 further complicates the ownership, reflecting potential hidden costs that could diminish overall returns. Value-add renovation Pursuing a value-add renovation strategy is unlikely to produce significant returns given the current market gap; the property is listed at €235,000 while its fair value is only €84,488. The low neighborhood rating of 44/100 suggests limited buyer interest, making the renovation costs hard to recoup in this overpriced asset.
Economic Vulnerability The low economic stability score of 35/100 suggests a higher likelihood of economic downturns impacting rental incomes and property values.**
Contributions are public and shown with the author's name and role. Links posted by users are not endorsed by Private Markets.
Log in to continue
Please log in or create an account to access this page.
No posts yet for this property.
Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
Log in to buy the report or use a credit
