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. This villa's outdoor courtyard features fruit trees, a wood oven, and a barbecue area, enhancing its appeal for outdoor gatherings and culinary experiences.
The valuation. The asking price of €270,000 sits €57,488 below the fair value of €327,488, indicating the property is underpriced by 17.6%. This makes it a compelling opportunity for potential investors.
Fair value modelled at €327,488 from 4 comparable sales in the area. Asking €270,000 sits €57,488 (17.6%) below — the upside to fair value.
Asking €270,000 versus the Alcáçovas, Viana do Alentejo, Évora area baseline of €294,408 (€2,726/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 75/100 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 €294,408, adjusted for condition and micro-location, gives a modelled fair value of €327,488 (€3,032/m²), a €57,488 (17.6%) gap versus the €270,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Alcáçovas · a806bd | Subject | €270,000 | €2,500 | — | 73 | 43 |
| 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 |
Long-term rental This 2-bed house in Alcáçovas is currently listed at €270,000, representing a compelling opportunity as it is underpriced relative to its fair value of €327,488. With a fair market gap of 17.6%, the investment could yield stable returns over the long term in a rural area with consistent housing demand. Family rental The property shows promise in the family rental market, given its size and reasonable condition score of 75/100, appealing to families seeking affordable housing. The underpriced nature of the listing, combined with the local agricultural context, may attract reliable long-term tenants focused on a quiet lifestyle. Short-term vacation rental The house's current location in a rural area limits its appeal for short-term vacation rentals, as amenities and tourist attractions are minimal. Therefore, despite being underpriced, it does not align with the demands of the short-term rental market. Luxury market Despite the attractive pricing of this property, it is not suitable for the luxury market given its rural setting and neighborhood rating of 43/100. The underpricing does not compensate for the lack of luxury amenities or higher-end neighborhood standards, making this strategy unfeasible.
Economic Weakness Risk With an economic stability score of 40/100, the property may face challenges in attracting and retaining tenants due to a potentially unstable local economy.
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