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 country_house of 157 m², energy rating E. Located on rua Bernardino Machado, 31, Vendas Novas parish, Vendas Novas municipality, Évora district. Noteworthy Features: The property boasts a mature garden with diverse fruit trees, including olive and fig, while also offering potential for additional residential construction due to urban land classification.
The valuation. The asking price of €420,000 is below the fair value of €476,991, indicating a difference of €56,991 (11.9%). This property is underpriced for its market segment.
Fair value modelled at €476,991 from 6 comparable sales in the area. Asking €420,000 sits €56,991 (11.9%) below — the upside to fair value.
Asking €420,000 versus the rua Bernardino Machado, 31 area baseline of €409,854 (€2,611/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 52/100 is above the parish average, lifting fair value versus a typical-condition unit.
Recent nearby listings price above the wider parish average — a hyper-local premium distinct from the parish baseline.
Base gap of €409,854, adjusted for condition and micro-location, gives a modelled fair value of €476,991 (€3,038/m²), a €56,991 (11.9%) gap versus the €420,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Bernardino Machado, 31 | Subject | €420,000 | €2,675 | — | 55 | 50 |
| rua Movimento das Forças Armadas, 76 | Active | €235,000 | €3,219 | 20.3% | 68 | 49 |
| Pegões · 001501 | Active | €650,000 | €6,436 | 140.6% | 64 | 55 |
| Pegões · b3290b | Active | €300,000 | €2,857 | 6.8% | 60 | 55 |
| avenida Primeiro de Maio, 1 | Active | €330,000 | €2,063 | 22.9% | 52 | 58 |
| Median comp | €315,000 | €3,038 | 13.6% | 62 | 55 |
Long-term rental Given the property is currently listed at €420,000 with a fair value of €476,991, it presents an excellent opportunity for long-term rental strategies, benefiting from an attractive price gap of 11.9%. However, the yield of 0% gross suggests that immediate cash flow may not be substantial, necessitating careful consideration of tenant prospects in the rural setting. Buy-and-hold This home in Vendas Novas signals a sound buy-and-hold investment, with a fair value exceeding the listing price by 11.9%, indicating potential appreciation in the long run. Nevertheless, the current condition score of 52/100 and neighborhood rating of 50/100 warrant an assessment of ongoing management and asset growth strategies. Value-add renovation With a listing price of €420,000 against a fair value of €476,991, there is an opportunity for value-add renovation that could enhance property worth beyond its current standing. The property’s condition score of 52/100 highlights the need for improvements to capitalize on this value-add potential effectively.
Market Vulnerability The low economic stability score of 40/100 combined with a tenant stability score of 50/100 indicates a heightened risk of market volatility and potential tenant turnover.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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