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.
4-bedroom, 1-bathroom house of 305 m², built in 1943, energy rating F. Located São Miguel do Pinheiro, São Pedro de Solis e São Sebastião dos Carros parish, Mértola municipality, Beja district. This property includes an independent outdoor kitchen and potential for creating additional accommodation in a separate building, enhancing rental income opportunities.
The valuation. The property is listed at €299,000, which is €82,250 (21.6%) below its fair value of €381,250, indicating that it is underpriced in the current market. Buy-to-flip angle. The property can be targeted for a quick resale post-renovation, leveraging its condition and traditional elements to attract investors looking for character. Buy-to-let angle. With a gross yield of 0%, the rental income strategy may require renovation to better position the property in a mixed neighbourhood, appealing to long-term tenants seeking quality living.
Fair value modelled at €381,250 from 6 comparable sales in the area. Asking €299,000 sits €82,250 (21.6%) below — the upside to fair value.
São Miguel do Pinheiro, São Pedro de Solis e São Sebastião dos Carros, Mértola, Beja area median of €220,515 (€723/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 +€160,735 versus the parish baseline.
Parish baseline €220,515 +€160,735 comparables adjustment = modelled fair value of €381,250 (€1,250/m²), a €82,250 (21.6%) gap versus the €299,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| São Miguel do Pinheiro, São Pedro de Solis e São Sebastião dos Carros · f10b8a | Subject | €299,000 | €980 | — | 60 | 36 |
| Mértola · 831166 | Active | €130,000 | €1,250 | 27.5% | 60 | 48 |
| Mértola · 831366 | Active | €130,000 | €1,250 | 27.5% | 60 | 45 |
| rua Lombarfos, 5 | Active | €130,000 | €1,250 | 27.5% | — | 44 |
| Mértola · a80880 | Active | €130,000 | €1,250 | 27.5% | 52 | 38 |
| Median comp | €130,000 | €1,250 | 27.5% | 60 | 45 |
Long-term rental With a fair value of €381,250, this property is currently listed at €299,000, presenting a 21.6% opportunity for appreciation over time. However, given the low neighborhood rating of 36/100, attracting quality tenants may pose a challenge. Buy-and-hold The gap between the listing price and fair value suggests potential for future capital growth, making this a strategic buy-and-hold investment. Despite the current condition rating of 65/100, there may be opportunities for value-add renovations that could enhance rental income over the long term.
High Economic Vulnerability Given the economic stability score of 30/100, there is a significant risk that local market fluctuations could adversely affect property value and rent demand, indicating potential financial instability.**
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