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 99 m² on the 2nd floor, energy rating D. Located on avenida Comandante Ramiro Correia, Beja (Santiago Maior e São João Baptista) parish, Beja municipality, Beja district. This apartment is uniquely positioned near the Santiago Maior school, offering convenience for families and making it an attractive investment opportunity.
The valuation. The asking price of €230,000 is significantly above fair value at €180,586, creating a discrepancy of €49,414 (27.4%). This property is thus categorized as overpriced.
Fair value modelled at €180,586 from 6 comparable sales in the area. Asking €230,000 sits €49,414 (27.4%) above — overpriced versus fair value.
Asking €230,000 versus the avenida Comandante Ramiro Correia area baseline of €123,918 (€1,252/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 81/100 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 €123,918, adjusted for condition and micro-location, gives a modelled fair value of €180,586 (€1,824/m²), a €49,414 (27.4%) gap versus the €230,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| avenida Comandante Ramiro Correia | Subject | €230,000 | €2,323 | — | 82 | 47 |
| rua José Moedas, 16 | Active | €190,000 | €1,939 | 16.5% | 70 | 43 |
| Salvador e Santa Maria da Feira · 65ed9e | Active | €172,000 | €1,773 | 23.7% | 62 | 44 |
| Salvador e Santa Maria da Feira · 831377 | Active | €130,000 | €2,167 | 6.7% | 65 | 45 |
| rua de São Sebastião | Active | €525,000 | €1,596 | 31.3% | 74 | 48 |
| Median comp | €181,000 | €1,856 | 20.1% | 68 | 45 |
Long-term rental Despite a decent gross yield of 4.5%, the pricing gap of 27.4% indicates this property is overpriced at €230,000 compared to its fair value of €180,586. Given the challenging employment landscape in rural Alentejo, long-term rental demand may be limited, further justifying the overpricing. Family rental While the apartment is spacious for a family, the combination of an 81/100 condition score and a low neighborhood score of 47/100 suggests that the property may not offer an attractive environment for potential tenants. The overall asking price of €230,000 does not align with its fair value, indicating that families looking for long-term rentals may find better options at lower prices in the area.
Economic Vulnerability The low economic stability score of 30/100 suggests a significant risk of economic downturns impacting property value and tenant reliability.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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