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 119 m². Located Alcáçovas parish, Viana do Alentejo municipality, Évora district. Noteworthy Features: The garden boasts three olive trees and a versatile annex that can serve as a guest room or studio, enhancing the property's charm and functionality.
The valuation. The asking price of €215,000 is significantly below the fair value of €297,500, creating a potential equity gain of €82,500 (27.7%). This property is underpriced given its features and location.
Fair value modelled at €297,500 from 6 comparable sales in the area. Asking €215,000 sits €82,500 (27.7%) below — the upside to fair value.
Asking €215,000 versus the Alcáçovas, Viana do Alentejo, Évora area baseline of €268,378 (€2,255/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 71/100 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 €268,378, adjusted for condition and micro-location, gives a modelled fair value of €297,500 (€2,500/m²), a €82,500 (27.7%) gap versus the €215,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Alcáçovas · a809a2 | Subject | €215,000 | €1,807 | — | 72 | 45 |
| Torrão · 388f0a | Active | €1,490,000 | €3,565 | 97.3% | — | 42 |
| Alcáçovas · a806bd | Active | €270,000 | €2,500 | 38.4% | 73 | 43 |
| Alcáçovas · 83176d | Active | €270,000 | €2,500 | 38.4% | 72 | 39 |
| Alcáçovas · 8315d3 | Active | €270,000 | €2,500 | 38.4% | 72 | 45 |
| Median comp | €270,000 | €2,500 | 38.4% | 72 | 43 |
Buy-and-hold The current listing price of €215,000 for the 3-bed house in Alcáçovas is substantially lower than its fair value of €297,500, presenting a gap of 27.7%. This potential for future appreciation makes it an appealing investment for a buy-and-hold strategy, especially in a rural area with agricultural prominence. Long-term rental Although the property currently offers a yield of 0% gross, its significant undervaluation at €215,000 versus the fair value of €297,500 suggests that it could attract long-term tenants seeking stable housing in a quieter, rural environment. The neighborhood's score of 45/100 might impact tenant quality, yet the price gap indicates long-term rental potential if managed correctly.
High Economic Risk The economic stability score of 35/100 suggests a high risk of economic downturns affecting property values and 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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