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.
0-bedroom, 2-bathroom mix_use_building of 495 m², built in 1951, energy rating D. Located on rua Cinco de Outubro, Évora (São Mamede, Sé, São Pedro e Santo Antão) parish, Évora municipality, Évora district. Noteworthy Features: The building features preserved 'viúva Lamego' tiles and three fireplaces, alongside versatile outdoor areas for potential leisure or extension projects that enhance its historical charm.
The valuation. The asking price of €1,200,000 is significantly above the fair value of €539,264, making the property overpriced by €660,736 (55.1%). This discrepancy limits its attractiveness to potential investors. Buy-to-flip angle. Given the high asking price, a buy-to-flip strategy seems unfeasible, as significant renovations would be necessary to justify resale. The current condition and neighborhood may hinder a profitable turnaround. Buy-to-let angle. Current conditions yield no rental income (0%) and the rural Alentejo location offers limited amenities, making long-term rental strategies challenging. Without market demand, attracting tenants could be problematic.
Fair value modelled at €539,264 from the area baseline, adjusted for condition and location. Asking €1,200,000 sits €660,736 (55.1%) above — overpriced versus fair value.
Asking €1,200,000 versus the rua Cinco de Outubro area baseline of €783,090 (€1,582/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 46/100 (Condition 38 · Materials 50 · Room dimensions 55). Below-median condition lowers fair value versus a renovated baseline unit. Full condition report →
Neighbourhood score 45/100 (Housing Market 40 · Amenities 35 · Economic 35 · Tenant Quality 50). Softer demand indicators apply a discount to baseline. Full location report →
rua Cinco de Outubro
Area baseline €783,090 + condition -€228,164 + location -€15,662 = modelled fair value of €539,264 (€1,089/m²), a €660,736 (55.1%) gap versus the €1,200,000 asking price.
Long-term rental The property in Évora exhibits a concerning valuation gap of 55.1% above fair value, indicating it is overpriced for long-term rental strategies. With a gross yield of 0% and a condition score of only 46/100, it fails to meet the essential criteria for generating consistent rental income. Buy-and-hold Investing in this mix-use building as a buy-and-hold strategy poses significant risk due to its current listing price of €1,200,000 compared to a fair value of €539,264, marking it as overpriced. Additionally, the neighborhood score of 45/100 suggests limited growth potential and tenant quality, detracting from a reliable long-term investment outlook. Family rental The family rental strategy for this property is undermined by the substantial overvaluation, as it is priced 55.1% higher than its fair value of €539,264. Coupled with poor conditions and neighborhood ratings, this option appears impractical for attracting families looking for quality living environments.
Economic and Tenant Instability: With an economic stability score of 35/100 and tenant stability at 50/100, there is a significant risk that fluctuating market conditions and tenant turnover could impact rental income and property value adversely.
