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 apartment_building of 345 m², energy rating D. Located Assunção, Ajuda, Salvador e Santo Ildefonso parish, Elvas municipality, Portalegre district. Noteworthy Features: This building includes two independent apartments on the ground floor, showcasing a mix of historical character and modern adaptability in a UNESCO World Heritage Site. Outdoor Space: Offers parking for one vehicle, enhancing convenience in a busy area.
The valuation. The asking price of €350,000 is above fair value, which sits at €313,207, resulting in an overpriced evaluation of €36,793, representing a 10.5% deviation from fair market value. Buy-to-flip angle. A buy-to-flip strategy may struggle due to the high asking price relative to fair value, making a quick resale unfeasible without significant improvements or market changes. Buy-to-let angle. With a gross yield of 0%, there are no immediate rental income prospects, suggesting a long-term buy-and-hold strategy may be necessary to achieve any future profitability.
Fair value modelled at €313,207 from the area baseline, adjusted for condition and location. Asking €350,000 sits €36,793 (10.5%) above — overpriced versus fair value.
Asking €350,000 versus the Assunção, Ajuda, Salvador e Santo Ildefonso, Elvas, Portalegre area baseline of €369,495 (€1,071/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 67/100 (Condition 65 · Materials 70 · Room dimensions 70). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 40/100 (Housing Market 40 · Amenities 40 · Economic 35 · Tenant Quality 45). Softer demand indicators apply a discount to baseline.
Assunção, Ajuda, Salvador e Santo Ildefonso, Elvas, Portalegre
Area baseline €369,495 + condition -€41,508 + location -€14,780 = modelled fair value of €313,207 (€908/m²), a €36,793 (10.5%) gap versus the €350,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Assunção, Ajuda, Salvador e Santo Ildefonso · a31283 | Subject | €350,000 | €1,014 | — | 65 | 40 |
| Caia, São Pedro e Alcáçova · 8d9fd0 | Active | €80,000 | €976 | 3.8% | 55 | 32 |
| rua da Cadeia | Active | €185,000 | €642 | 36.7% | — | 49 |
| rua Sá da Bandeira, 52 | Active | €195,000 | €780 | 23.1% | 35 | 46 |
| rua de João de Olivença, 25 | Active | €70,000 | €667 | 34.3% | 50 | 45 |
| Median comp | €132,500 | €724 | 28.7% | 50 | 46 |
Long-term rental Given the property is overpriced at €350,000, significantly above the fair value of €313,207, it may deter potential long-term tenants who are seeking more reasonably priced options in the area. With a gross yield of 0% and a low neighbourhood score of 40/100, the potential for cash flow from long-term rentals appears limited. Buy-and-hold Investing in this property as a long-term hold is questionable since it is currently listed at a significant premium compared to its fair value, indicating that appreciation may be insufficient to justify the investment. Moreover, with the area's agricultural focus and limited commercial activity, the potential for price appreciation is likely minimal, further compounding the risks associated with this strategy.
Economic Vulnerability The low economic stability score of 35/100 indicates a high risk for potential economic downturns that could negatively impact property value and tenant retention.
