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, 1-bathroom house of 117 m², built in 1979, energy rating E. Located Vendas Novas parish, Vendas Novas municipality, Évora district. Noteworthy Features: This well-maintained property includes a covered outdoor area designed for potential first-floor construction, enhancing future living space options.
The valuation. The asking price of €280,000 is below the fair value of €302,747, indicating a difference of €22,747 (7.5%). The verdict suggests the property is priced fairly. Buy-to-flip angle. This property could be flipped by making targeted updates to enhance appeal, especially in the kitchen and dining areas, potentially maximizing resale value significantly. Buy-to-let angle. With an estimated rental income of €630/month, the gross yield stands at 2.7%, positioning this as a long-term buy-and-hold investment in a commuter-friendly suburb.
Fair value modelled at €302,747 from 6 comparable sales in the area. Asking €280,000 sits €22,747 (7.5%) below — the upside to fair value.
Asking €280,000 versus the Vendas Novas, Vendas Novas, Évora area baseline of €239,597 (€2,048/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 67/100 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 €239,597, adjusted for condition and micro-location, gives a modelled fair value of €302,747 (€2,588/m²), a €22,747 (7.5%) gap versus the €280,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Vendas Novas · a806fe | Subject | €280,000 | €2,393 | — | 70 | 55 |
| Pegões · b3290b | Active | €300,000 | €2,857 | 19.4% | 60 | 55 |
| rua Bernardino Machado, 31 | Active | €420,000 | €2,675 | 11.8% | 55 | 50 |
| Pegões · 001501 | Active | €650,000 | €6,436 | 168.9% | 64 | 55 |
| travessa Marinha de Campos, 7 | Active | €160,000 | €2,500 | 4.5% | 65 | 46 |
| Median comp | €360,000 | €2,766 | 15.6% | 62 | 53 |
Long-term rental The property in Vendas Novas is fairly priced at €280,000, with a modest gross yield of 2.7%. Additionally, the suburban setting near industrial areas suggests stable demand, although the neighborhood's lower quality ratings may limit tenant appeal over time. Buy-and-hold Holding onto this property could yield steady returns in the long term, given its fair market value of €302,747 and the potential for gradual appreciation. However, the relatively low neighborhood rating indicates that while the investment is currently fair, future appreciation may face challenges due to limited demand in the area.
Economic Downturn Risk The property faces a potential economic downturn risk due to a low economic stability score of 55/100, which may lead to decreased tenant demand and rental income stability.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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