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 108 m², built in 1987, energy rating E. Located Alcáçovas parish, Viana do Alentejo municipality, Évora district. Noteworthy Features: The property features a sunroom and rooftop access with additional living space, enhancing usability and outdoor connectivity, all within a tranquil neighborhood setting.
The valuation. The asking price of €270,000 sits €40,263 above the fair value of €229,737, indicating that the property is overpriced by 17.5%. This discrepancy should be carefully considered when evaluating investment potential.
Fair value modelled at €229,737 from 6 comparable sales in the area. Asking €270,000 sits €40,263 (17.5%) above — overpriced versus fair value.
Asking €270,000 versus the Alcáçovas, Viana do Alentejo, Évora area baseline of €179,680 (€1,664/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 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 €179,680, adjusted for condition and micro-location, gives a modelled fair value of €229,737 (€2,127/m²), a €40,263 (17.5%) gap versus the €270,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Alcáçovas · 83176d | Subject | €270,000 | €2,500 | — | 72 | 39 |
| rua do Desembargador, 1 | Active | €300,000 | €2,500 | 0% | 75 | 47 |
| Torrão · 388f0a | Active | €1,490,000 | €3,565 | 42.6% | — | 42 |
| Torrão · 6fbc27 | Active | €250,000 | €3,571 | 42.9% | 65 | 42 |
| rua da Estalagem, 42 | Active | €200,000 | €1,754 | 29.8% | 65 | 43 |
| Median comp | €275,000 | €3,033 | 21.3% | 65 | 43 |
Value-add renovation The property is currently overpriced at €270,000, with a fair value of €229,737, reflecting a gap of 17.5%. Given the condition score of 76/100, there is potential for value-added renovations, yet the elevated price may limit return on investment in this agricultural-focused area. Long-term rental With a gross yield of 0% and a low neighborhood quality score of 39/100, the long-term rental strategy appears to be challenging in this overpriced market. The lack of amenities and tenant quality in Alcáçovas further diminishes the attractiveness of a long-term rental investment. Not ideal for This property is not suited for student housing or the luxury market due to its overpriced valuation and less favorable neighborhood characteristics. Additionally, the home is not a viable option for short-term vacation rentals, as its location and pricing structure do not align with vacation rental demands.
High Vacancy Risk Given the low economic stability score of 35/100 and tenant stability score of 40/100, there is a significant risk of high vacancy rates affecting potential rental income.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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