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, 3-bathroom mix_use_building of 400 m², built in 1915, energy rating F. Located on travessa da Associação, Covilhã e Canhoso parish, Covilhã municipality, Castelo Branco district. Investment opportunity: This historic building features two independent entrances facilitating diverse commercial and residential uses, alongside preserved architectural details ideal for a luxurious rehabilitation project.
The valuation. The asking price of €380,000 is significantly above the fair value of €27,150, representing an excess of €352,850 (92.9%). This property is therefore considered overpriced.
Fair value modelled at €27,150 from the area baseline, adjusted for condition and location. Asking €380,000 sits €352,850 (92.9%) above — overpriced versus fair value.
Asking €380,000 versus the travessa da Associação area baseline of €493,600 (€1,234/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 35/100 (Condition 35 · Materials 30 · Room dimensions 40). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 50/100 (Housing Market 40 · Amenities 50 · Economic 40 · Tenant Quality 60). Strong amenities and housing-market momentum support a premium to baseline.
travessa da Associação
Area baseline €493,600 + condition -€251,250 + location +€0 = modelled fair value of €27,150 (€68/m²), a €352,850 (92.9%) gap versus the €380,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| travessa da Associação | Subject | €380,000 | €950 | — | 35 | 50 |
| Covilhã e Canhoso · aff773 | Active | €180,000 | €1,200 | 26.3% | 30 | 47 |
| Teixoso e Sarzedo · 523033 | Active | €90,000 | €857 | 9.8% | 40 | 45 |
| rua do Centro Paroquial | Active | €108,000 | €614 | 35.4% | — | 29 |
| Cantar-Galo e Vila do Carvalho · c1f140 | Active | €199,000 | €628 | 33.9% | 58 | 53 |
| Median comp | €144,000 | €743 | 21.8% | 40 | 46 |
Long-term rental The asking price of €380,000 significantly exceeds the fair value of €27,150, representing a 92.9% overvaluation, making a long-term rental strategy unfeasible in this market. Additionally, the property’s 0% gross yield and a condition rating of 35/100 indicate that securing reliable tenants would pose a significant challenge. Value-add renovation While a value-add renovation strategy could typically enhance property value, the current listing price of €380,000 suggests that any potential improvements are greatly overshadowed by the current market gap of 92.9% versus the fair value. Given the neighborhood’s limited economic diversity and moderate condition ratings, the investment appears misaligned with a profitable renovation strategy. Not ideal for: Short-term vacation rental With a fair value significantly lower than the asking price and the property condition rated merely 35/100, the likelihood of generating short-term rental income is virtually nonexistent. The agricultural nature of the area and lack of amenities further confirm that this location is unsuitable for a short-term vacation rental strategy.
Economic Vulnerability The low economic stability score of 40/100 indicates a significant risk of economic downturns that could lead to decreased property value and rental demand.
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