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 143 m², built in 1937, energy rating F. Located on rua da Alegria, Corval parish, Reguengos de Monsaraz municipality, Évora district. Noteworthy Features: The house features traditional Alentejo architecture with unique local craftsmanship, and its location offers easy access to the scenic Grand Alqueva Lake for outdoor activities.
The valuation. The asking price of €137,500 is well below the fair value of €233,763, indicating that the property is subvalued by €96,263 (41.2%). This offers a compelling opportunity for investors. Buy-to-flip angle. The resale strategy involves upgrading the basic materials and dated fixtures to enhance market appeal, aiming for a significant markup in a potential future sale. Buy-to-let angle. Although the current gross yield is 0%, a long-term rental strategy could stabilize cash flow after renovations, appealing to tenants in the rural market.
Fair value modelled at €233,763 from 6 comparable sales in the area. Asking €137,500 sits €96,263 (41.2%) below — the upside to fair value.
Asking €137,500 versus the rua da Alegria area baseline of €229,238 (€1,603/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 56/100 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 €229,238, adjusted for condition and micro-location, gives a modelled fair value of €233,763 (€1,635/m²), a €96,263 (41.2%) gap versus the €137,500 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua da Alegria | Subject | €137,500 | €962 | — | 52 | 42 |
| Montoito · a80718 | Active | €120,000 | €1,008 | 4.9% | 55 | 44 |
| beco da Estalagem, 2 | Active | €186,000 | €1,525 | 58.6% | 75 | 38 |
| rua do Covalinho, 34 | Active | €120,000 | €1,690 | 75.8% | 28 | 38 |
| Monsaraz · a807c6 | Active | €259,000 | €1,738 | 80.8% | 70 | 34 |
| Median comp | €153,000 | €1,608 | 67.2% | 63 | 38 |
Long-term rental The property in Corval is well-positioned as a long-term rental due to its significant gap to fair value, indicating potential appreciation over time. However, with a neighbourhood score of 42/100 and a condition rating of 56/100, attracting high-quality tenants may require additional investment in renovations. Buy-and-hold As a buy-and-hold strategy, this property offers stability due to its price being 41.2% below the fair value, suggesting long-term upside potential. Investors should keep in mind the remote location and lower economic activity that may impact tenant demand and returns in the near term.
Economic Volatility Risk The property faces heightened vulnerability due to a low economic stability score of 35/100, indicating a challenging financial environment that may affect 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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