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.
3-bedroom, 2-bathroom house of 217 m², energy rating D. Located Canaviais parish, Évora municipality, Évora district. Noteworthy Features: The property boasts a spacious annex with a traditional country kitchen and is equipped with two independent garages adapted as a T1, offering excellent multifunctional utility.
The valuation. The asking price of €450,000 is significantly lower than the fair value of €648,704, indicating the property is undervalued by €198,704 (30.6%). This presents a compelling opportunity for potential investors.
Fair value modelled at €648,704 from 6 comparable sales in the area. Asking €450,000 sits €198,704 (30.6%) below — the upside to fair value.
Canaviais, Évora, Évora area median of €480,221 (€2,213/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 +€168,483 versus the parish baseline.
Parish baseline €480,221 +€168,483 comparables adjustment = modelled fair value of €648,704 (€2,989/m²), a €198,704 (30.6%) gap versus the €450,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Canaviais · 8311bf | Subject | €450,000 | €2,074 | — | 70 | 42 |
| rua da Escola, 4 | Active | €230,000 | €2,738 | 32.0% | 58 | 38 |
| rua do Telhal, 46 | Active | €280,000 | €2,188 | 5.5% | 71 | 41 |
| rua Padre Francisco José Assis, 20 | Active | €350,000 | €3,241 | 56.3% | 68 | 41 |
| travessa da Piçarra | Active | €235,000 | €3,456 | 66.7% | 60 | 44 |
| Median comp | €257,500 | €2,990 | 44.2% | 64 | 41 |
Long-term rental The property offers a favorable gap of 30.6% versus fair value, positioning it as a solid opportunity for long-term rental strategies. Although the area has a low neighbourhood score of 42/100, the gross yield of 3.2% remains attractive for sustained cash flow. Buy-and-hold With the fair value significantly higher than the asking price, this property presents a compelling buy-and-hold investment opportunity. The rural characteristics of Alentejo suggest stable long-term appreciation potential, despite current demand limitations. Value-add renovation Given the current condition rating of 74/100, there is potential for value-add renovations to enhance the property’s appeal and profitability. Investing in upgrades could lead to increased rental income and property value in a region with limited luxury options, creating a better position for future resale. Not ideal for Short-term vacation rental, Student housing, Luxury market.
High Tenant Turnover Risk The tenant stability score of 50/100 suggests a likelihood of frequent turnover, which could lead to increased vacancy rates and associated costs.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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