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.
4-bedroom, 1-bathroom apartment of 137 m², built in 2010, energy rating D. Located Covilhã e Canhoso parish, Covilhã municipality, Castelo Branco district. Noteworthy Features: The apartment features a spacious balcony offering unobstructed views of both the city and the surrounding mountains, enhancing outdoor enjoyment and relaxation opportunities. Additional Context: Ideal for investors, it is located in a quiet area conducive to rental or comfortable living.
The valuation. The asking price of €150,000 is significantly above the fair value of €68,976, resulting in an €81,024 premium (54.0%). This property is considered overpriced based on current market metrics.
Fair value modelled at €68,976 from the area baseline, adjusted for condition and location. Asking €150,000 sits €81,024 (54.0%) above — overpriced versus fair value.
Asking €150,000 versus the Covilhã e Canhoso, Covilhã, Castelo Branco area baseline of €95,352 (€696/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 63/100 (Condition 65 · Materials 60 · Room dimensions 65). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 51/100 (Housing Market 50 · Amenities 48 · Economic 47 · Tenant Quality 55). Strong amenities and housing-market momentum support a premium to baseline.
Covilhã e Canhoso, Covilhã, Castelo Branco
Area baseline €95,352 + condition -€26,758 + location +€381 = modelled fair value of €68,976 (€503/m²), a €81,024 (54.0%) gap versus the €150,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Covilhã e Canhoso · 423e3d | Subject | €150,000 | €1,095 | — | 65 | 51 |
| Covilhã e Canhoso · 65ed97 | Active | €195,600 | €998 | 8.9% | 77 | 43 |
| Covilhã e Canhoso · aff773 | Active | €180,000 | €1,200 | 9.6% | 30 | 47 |
| rua do Centro Paroquial | Active | €108,000 | €614 | 44.0% | — | 29 |
| travessa da Associação | Active | €380,000 | €950 | 13.2% | 35 | 50 |
| Median comp | €187,800 | €974 | 11.0% | 35 | 45 |
Long-term rental The property presents a gross yield of 5.7%, which is not attractive enough given its overpriced status compared to the fair value of €68,976. The limited tenant quality and amenities in the rural area further suggest that achieving consistent occupancy may be challenging. Buy-and-hold Although holding the property could be a strategy, the current pricing is significantly above fair value, which diminishes potential long-term returns. Additionally, the economic limitations of the agricultural-focused area may lead to stagnation in property appreciation. Value-add renovation Investing in renovation may improve the condition rating of 63/100; however, the gap between the asking price and fair value indicates that the initial investment would be substantial and risky. The lack of development in this rural area reduces the likelihood that renovations will yield a strong return on investment in the future.
Economic Vulnerability The property faces a risk due to the low economic stability score of 47/100, indicating potential financial instability in the area that could impact tenant demand and rental income.
