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 €107,576 (€1,582/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 €107,576 + 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 |
| travessa da Piçarra | Active | €235,000 | €3,456 | 0% | 55 | 48 |
| 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 |
| Median comp | €250,000 | €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.**
