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 apartment of 57 m², built in 1989. Located Borba (Matriz) parish, Borba municipality, Évora district. Noteworthy Features: This apartment features excellent solar exposure and a laundry area, enhancing its overall functionality for daily living. Potential Uses: Ideal for homeowners or as a long-term rental investment in a growing market.
The valuation. The asking price of €115,000 sits €22,003 (23.7%) above the fair value of €92,997, indicating the property is overpriced and does not represent a good investment at this price point. Buy-to-flip angle. A buy-to-flip strategy would require significant renovations to improve the dated kitchen and overall condition, potentially aiming for a resale above €115,000 to cover expenses and achieve a profit. Buy-to-let angle. Given the gross yield of 0% and basic condition of the apartment, the rental income strategy may not attract reliable tenants, limiting cash flow and investment viability in a rural area with few employment options.
Fair value modelled at €92,997 from 6 comparable sales in the area. Asking €115,000 sits €22,003 (23.7%) above — overpriced versus fair value.
Borba (Matriz), Borba, Évora area median of €53,580 (€940/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 +€39,417 versus the parish baseline.
Parish baseline €53,580 +€39,417 comparables adjustment = modelled fair value of €92,997 (€1,632/m²), a €22,003 (23.7%) gap versus the €115,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Borba (Matriz) · a808ab | Subject | €115,000 | €2,018 | — | 50 | 49 |
| Borba (São Bartolomeu) · a80207 | Active | €220,000 | €1,913 | 5.2% | 42 | 34 |
| Borba (São Bartolomeu) · 5da1d5 | Active | €220,000 | €1,930 | 4.3% | 30 | 39 |
| Estremoz (Santa Maria e Santo André) · 144052 | Active | €230,000 | €920 | 54.4% | 62 | 47 |
| Estremoz (Santa Maria e Santo André) · 5da0fe | Active | €135,000 | €1,350 | 33.1% | 71 | 43 |
| Median comp | €220,000 | €1,632 | 19.1% | 52 | 41 |
Long-term rental Given the 0% gross yield and the overpriced nature of this 2-bed apartment, its potential as a long-term rental investment is significantly diminished. The lack of diverse employment opportunities in the largely rural area further complicates attracting reliable tenants, making this investment less appealing. Buy-and-hold Considering the current fair value of €92,997 compared to the listing price of €115,000, holding onto this property as a buy-and-hold investment is not advisable. The low condition score of 49/100 and the inadequate neighbourhood rating indicate challenges in future capital appreciation, reinforcing its overpriced status.
Economic Vulnerability The property's economic stability score of 40/100 indicates significant risk due to declining local economic conditions that may affect tenant retention and rental income.
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