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 100 m², built in 1988. Located on avenida Doctor Barahona, Redondo parish, Redondo municipality, Évora district. This property features an approved rehabilitation project that allows the new owner to personalize finishes, significantly increasing its value upon completion by September 2026.
The valuation. The asking price of €289,000 significantly exceeds the fair value of €203,446 by €85,554, or 42.1%, indicating an overpriced property. This discrepancy suggests the need for careful consideration before investing. Buy-to-flip angle. A buy-to-flip strategy could realize profits through renovations that enhance the property’s value, targeting resale at a higher market price. However, the current pricing indicates limited immediate upside without substantial improvements. Buy-to-let angle. With an estimated gross yield of 1.8% (~€434/month), the rental income strategy may not generate substantial returns, reflecting the property's condition and limited amenities in the mixed neighbourhood. Long-term rental may require further investment to attract tenants.
Fair value modelled at €203,446 from 6 comparable sales in the area. Asking €289,000 sits €85,554 (42.1%) above — overpriced versus fair value.
avenida Doctor Barahona area median of €101,300 (€1,013/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 +€102,146 versus the parish baseline.
Parish baseline €101,300 +€102,146 comparables adjustment = modelled fair value of €203,446 (€2,034/m²), a €85,554 (42.1%) gap versus the €289,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| avenida Doctor Barahona | Subject | €289,000 | €2,890 | — | — | 48 |
| União das Freguesias do Ameixial (Santa Vitória e São Bento) · 14403b | Active | €130,000 | €1,605 | 44.5% | 18 | 49 |
| rua do Covalinho, 34 | Active | €120,000 | €1,690 | 41.5% | 28 | 38 |
| Vila de Frades · 5da23e | Active | €118,000 | €624 | 78.4% | 35 | 35 |
| travessa da Piçarra | Active | €235,000 | €3,456 | 19.6% | 60 | 44 |
| Median comp | €125,000 | €1,648 | 43.0% | 32 | 41 |
Long-term rental This property, at €289,000, is overpriced compared to its fair value of €203,446, reflecting a significant gap of 42.1%. With a low gross yield of 1.8% and a low-quality score of 15/100 for condition, it may struggle to attract reliable long-term tenants in a rural area with limited amenities. Value-add renovation Although renovations might typically enhance property value, the current overvaluation at €289,000 suggests that even potential improvements may not justify the cost. Given the significant gap to fair value and the low condition rating, any investment in renovations may not yield a return that aligns with expectations in the current market.
High Economic Risk The property faces significant economic risk due to a low economic stability score of 35/100, which may lead to reduced demand and potential rent fluctuations.
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