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 apartment of 73 m² on the 1st floor, built in 1978, energy rating D. Located Mourão parish, Mourão municipality, Évora district. Noteworthy Feature: The apartment boasts a balcony off the kitchen, allowing for outdoor access and natural light, enhancing the living experience in this residential area.
The valuation. The asking price of €299,000 is significantly above the fair value of €180,794, representing an excess of €118,206, or 65.4%. The property is overpriced for its current condition and market demand.
Fair value modelled at €180,794 from 6 comparable sales in the area. Asking €299,000 sits €118,206 (65.4%) above — overpriced versus fair value.
Asking €299,000 versus the Mourão, Mourão, Évora area baseline of €157,084 (€2,152/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 58/100 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 €157,084, adjusted for condition and micro-location, gives a modelled fair value of €180,794 (€2,477/m²), a €118,206 (65.4%) gap versus the €299,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Mourão · a807aa | Subject | €299,000 | €4,096 | — | 60 | 45 |
| rua do Redondo | Active | €425,500 | €4,255 | 3.9% | 55 | 38 |
| rua Henrique de Menezes, 4 | Active | €265,000 | €2,054 | 49.8% | 70 | 38 |
| Borba (São Bartolomeu) · a80207 | Active | €220,000 | €1,913 | 53.3% | 42 | 34 |
| rua Manuel de Sousa Sepúlveda | Active | €240,000 | €3,117 | 23.9% | — | 46 |
| Median comp | €252,500 | €2,586 | 36.9% | 55 | 38 |
Long-term rental The property’s high price of €299,000 against a fair value of €180,794 signals that it may not provide profitable long-term rental opportunities, especially with a gross yield of 0%. Additionally, the limited amenities and lower tenant quality in this rural Alentejo location further diminish its attractiveness for sustained rental income. Buy-and-hold With a valuation gap of 65.4%, the buy-and-hold strategy is not advisable for this apartment, as it is currently overpriced at €299,000 while the fair value is significantly lower at €180,794. The rural setting and average condition rating of 58/100 signify limited appreciation potential, making the long-term investment less appealing. Value-add renovation Investing in a value-add renovation strategy for this apartment is risky given its current listing price of €299,000, which exceeds the fair value of €180,794 by a considerable margin. The property's average condition score of 58/100 suggests that renovations could enhance its value, but the high initial investment could lead to financial losses in an already overpriced market.
High Vacancy Risk The low economic stability score of 30/100 combined with a tenant stability score of 40/100 indicates a significant risk of high vacancy rates and unstable rental income.
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