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 house of 240 m², built in 1978, energy rating E. Located on rua Nova, 2, Monte do Trigo parish, Portel municipality, Évora district. Unique Design Elements: The kitchen’s elegant black and white patterned cover creates a sophisticated atmosphere, while the interior balcony/gallery offers versatile usage possibilities for customization.
The valuation. The asking price of €179,000 is significantly below the fair value of €379,024, representing a discount of €200,024 (52.8%). Verdict: underpriced. Buy-to-flip angle. A buy-to-flip strategy could capitalize on the property’s underpricing, potentially targeting a resale price aligned with market value after necessary renovations. Buy-to-let angle. With a gross yield of 0% and a long-term rental strategy, this property could appeal to families seeking affordable housing in the rural Alentejo region, enhancing the income potential over time.
Fair value modelled at €379,024 from 5 comparable sales in the area. Asking €179,000 sits €200,024 (52.8%) below — the upside to fair value.
Asking €179,000 versus the rua Nova, 2 area baseline of €354,387 (€1,477/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 49/100 is below the parish average, reducing 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 €354,387, adjusted for condition and micro-location, gives a modelled fair value of €379,024 (€1,579/m²), a €200,024 (52.8%) gap versus the €179,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Nova, 2 | Subject | €179,000 | €746 | — | 42 | 46 |
| Montoito · a80718 | Active | €120,000 | €1,008 | 35.2% | 55 | 44 |
| Monte do Trigo · a8074a | Active | €179,500 | €2,564 | 243.8% | 62 | 43 |
| rua do Covalinho, 34 | Active | €120,000 | €1,690 | 126.6% | 28 | 38 |
| rua de Timor, 10 | Active | €259,000 | €1,579 | 111.7% | 65 | 44 |
| Median comp | €149,750 | €1,635 | 119.2% | 59 | 44 |
Long-term rental The property offers an attractive opportunity for long-term rental given its substantial gap of 52.8% against fair market value. Despite its current condition rating of 49/100, this house has potential to appreciate over time in the rural Alentejo market. Buy-and-hold Investing in this 2-bed house aligns with a buy-and-hold strategy thanks to its considerable fair value of €379,024, indicating strong potential for future appreciation. This strategy can capitalize on the area's rural characteristics, making it a good long-term investment prospect. Family rental As a family rental, this property presents an attractive investment due to its significant value gap and spacious layout of 240m². Positioned in a rural Alentejo neighborhood, it has the capacity to cater to families seeking affordable housing options despite its current condition rating of 49/100.
High Economic Risk With an economic stability score of 35/100, there is significant concern regarding potential downturns that could impact property value and rental income sustainability.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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