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.
2-bedroom, 1-bathroom house of 71 m², built in 1950, energy rating E. Located on rua do Covalinho, 34, Reguengos de Monsaraz parish, Reguengos de Monsaraz municipality, Évora district. Noteworthy Features: This property includes an accessible attic space of approximately 18m² and a terrace offering city views, enhancing its potential for aesthetic transformation and outdoor enjoyment.
The valuation. The asking price of €120,000 is significantly below the fair value of €179,341, representing a discount of €59,341 (33.1%). This property is clearly underpriced, making it an attractive option for savvy investors.
Fair value modelled at €179,341 from 6 comparable sales in the area. Asking €120,000 sits €59,341 (33.1%) below — the upside to fair value.
rua do Covalinho, 34 area median of €78,952 (€1,112/m²) for a property of this size — the starting reference point before comparable sales are factored in.
6 comparable sales in the area adjust the estimate by +€100,389 versus the parish baseline.
Parish baseline €78,952 +€100,389 comparables adjustment = modelled fair value of €179,341 (€2,526/m²), a €59,341 (33.1%) gap versus the €120,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua do Covalinho, 34 | Subject | €120,000 | €1,690 | — | 28 | 38 |
| rua da Mostardeira | Active | €157,000 | €2,379 | 40.7% | 55 | 45 |
| travessa da Piçarra | Active | €235,000 | €3,456 | 104.5% | 60 | 44 |
| rua de Lisboa | Active | €150,000 | €1,875 | 10.9% | 52 | 36 |
| rua do Telhal, 46 | Active | €280,000 | €2,188 | 29.4% | 71 | 41 |
| Median comp | €196,000 | €2,284 | 35.1% | 58 | 43 |
Long-term rental The 2-bed house in Reguengos de Monsaraz is currently listed at €120,000, which is 33.1% below its fair value of €179,341, indicating a solid opportunity for long-term rental. With a gross yield of 4.3%, this property can provide stable income in a rural area with low crime and basic amenities. Buy-and-hold Investing in this property as a buy-and-hold asset allows for significant appreciation potential given its fair value gap. Even though the condition and neighborhood scores are relatively low at 34/100 and 38/100 respectively, the opportunity for value increase remains attractive, especially in a rural area characterized by agricultural activity.
High Vacancy Risk The combination of a low Economic Stability score of 30/100 and a Tenant Stability score of 40/100 indicates a potential for high vacancy rates, suggesting that tenants may struggle to maintain occupancy or pay rent consistently.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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