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, 0-bathroom mix_use_building of 432 m², built in 1992. Located on rua 15 de Agosto, Alegrete parish, Portalegre municipality, Portalegre district. This property is strategically located next to the historic village of Alegrete, offering significant potential for rural tourism development and enhanced real estate appreciation in a growing market.
The valuation. The asking price of €65,000 is significantly above the fair value of €-106,807, indicating that the property is overpriced by €171,807 (264.3%). This discrepancy raises concerns about potential return on investment. Buy-to-flip angle. A buy-to-flip strategy could involve renovating the 432m² building to increase its appeal. However, with the current condition rated at 20/100 and dated materials, significant investment would be required for a profitable resale. Buy-to-let angle. The rental income potential appears limited, with a gross yield of 0% and estimated zero monthly income. Given the property's condition and rural location, finding tenants will likely prove challenging, exacerbating the investment risk.
Fair value modelled at -€106,807 from the area baseline, adjusted for condition and location. Asking €65,000 sits €171,807 (264.3%) above — overpriced versus fair value.
Asking €65,000 versus the rua 15 de Agosto area baseline of €277,776 (€643/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 20/100 (Condition 10 · Materials 25 · Room dimensions 30). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 38/100 (Housing Market 30 · Amenities 30 · Economic 25 · Tenant Quality 30). Softer demand indicators apply a discount to baseline.
rua 15 de Agosto
Area baseline €277,776 + condition -€371,250 + location -€13,333 = modelled fair value of -€106,807 (-€247/m²), a €171,807 (264.3%) gap versus the €65,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua 15 de Agosto | Subject | €65,000 | €150 | — | — | 38 |
| travessa do Teatro | Active | €375,000 | €182 | 20.8% | 20 | 38 |
| São João Baptista · aff4d2 | Active | €32,000 | €615 | 309.0% | 30 | 40 |
| rua do Espírito Santo | Active | €42,000 | €700 | 365.2% | — | 44 |
| Alter do Chão · c1f1e6 | Active | €80,000 | €667 | 343.1% | 30 | 49 |
| Median comp | €61,000 | €641 | 326.0% | 30 | 42 |
Long-term rental The 0-bed mixed-use building in Alegrete is overpriced at €65,000, with a fair value of €-106,807, indicating a significant gap of 264.3%. Given its low condition score of 20/100 and a gross yield of 0%, the property lacks the necessary potential for sustainable long-term rental income. Buy-and-hold Investing in the property for a buy-and-hold strategy is unadvisable because of its hefty markup over fair value and poor condition rating of 20/100. The rural Alentejo market does not support a price point of €65,000 for a building that essentially offers no promise of returns, especially with a neighborhood score of only 38/100.
High Vacancy Risk Tenants may frequently turnover due to the low tenant stability score of 30/100, potentially leading to increased vacancy rates and decreased rental income.
