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, 2-bathroom house of 394 m², built in 1937, energy rating E. Located on rua de Beja, Torrão parish, Alcácer do Sal municipality, Setúbal district. This property offers an approved project for the conversion into four autonomous housing units, enhancing its value potential within the Urban Rehabilitation Area of Torrão.
The valuation. The asking price of €289,000 is notably below fair value, which is €421,164, presenting a difference of €132,164 (45.7%). This property is classified as underpriced. Buy-to-flip angle. A resale strategy could capitalize on the property’s below-market pricing, targeting a renovation budget to enhance appeal before listing at a higher price point. Buy-to-let angle. While currently yielding 0% gross return due to condition issues, a long-term rental approach may provide steady income once necessary renovations are completed to upgrade the property’s appeal.
Fair value modelled at €421,164 from the area baseline, adjusted for condition and location. Asking €289,000 sits €132,164 (45.7%) below — the upside to fair value.
Asking €289,000 versus the rua de Beja area baseline of €707,624 (€1,796/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 43/100 (Condition 35 · Materials 45 · Room dimensions 58). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 47/100 (Housing Market 35 · Amenities 40 · Economic 40 · Tenant Quality 55). Softer demand indicators apply a discount to baseline.
rua de Beja
Area baseline €707,624 + condition -€197,000 + location -€7,508 = modelled fair value of €421,164 (€1,069/m²), a €132,164 (45.7%) gap versus the €289,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua de Beja | Subject | €289,000 | €734 | — | 35 | 47 |
| Azinheira dos Barros e São Mamede do Sádão · 937376 | Active | €118,900 | €1,101 | 50.1% | 35 | 47 |
| praça de João de Deus, 5 | Active | €175,000 | €1,620 | 120.9% | 30 | 49 |
| Grândola e Santa Margarida da Serra · 262103 | Active | €350,000 | €1,934 | 163.6% | 38 | 48 |
| Grândola e Santa Margarida da Serra · 735484 | Active | €549,000 | €2,366 | 222.6% | — | 41 |
| Median comp | €262,500 | €1,777 | 142.3% | 35 | 48 |
Long-term rental Given the fair value of €421,164, the current listing price of €289,000 represents a significant 45.7% gap, making it a compelling opportunity for long-term rental investment despite the low yield of 0%. The rural Alentejo location offers low crime rates and a stable tenant demographic, which enhances the potential for steady rental income over time. Value-add renovation With a property condition rating of 43/100, there is substantial room for improvement through value-add renovations that can enhance both the property's appeal and its market value. Investing in updates can leverage the substantial gap between listing and fair value, ultimately positioning the property for greater returns upon resale or improved rental yields in the future.
Economic Risk The low economic stability score of 40/100 indicates a potential for volatile market conditions that could adversely affect rental income and property values.
