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 country_house of 161 m², energy rating F. Located on rua da Aldeia, 24, Santiago Maior parish, Alandroal municipality, Évora district. Located in a tranquil area, this property features a rustic façade along with an annex, offering significant potential for leisure space creation without compromising its traditional essence.
The valuation. The asking price of €160,000 is significantly below the fair value of €263,187, making it underpriced by €103,187 (39.2%). This presents a compelling opportunity for investors seeking value in the current market.
Fair value modelled at €263,187 from 6 comparable sales in the area. Asking €160,000 sits €103,187 (39.2%) below — the upside to fair value.
rua da Aldeia, 24 area median of €115,598 (€718/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 +€147,589 versus the parish baseline.
Parish baseline €115,598 +€147,589 comparables adjustment = modelled fair value of €263,187 (€1,635/m²), a €103,187 (39.2%) gap versus the €160,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua da Aldeia, 24 | Subject | €160,000 | €994 | — | 40 | 44 |
| rua da Alegria | Active | €137,500 | €962 | 3.2% | 52 | 42 |
| Montoito · a80718 | Active | €120,000 | €1,008 | 1.5% | 55 | 44 |
| rua do Covalinho, 34 | Active | €120,000 | €1,690 | 70.1% | 28 | 38 |
| avenida Doctor Barahona | Active | €289,000 | €3,360 | 238.1% | — | 39 |
| Median comp | €128,750 | €1,349 | 35.7% | 52 | 41 |
Long-term rental Given its price of €160,000 compared to a fair value of €263,187, this property presents an attractive long-term rental opportunity in a location where rental demand is limited. However, potential investors should note the significant condition score of 45/100, which may impact tenant appeal. Value-add renovation With a current listing price that is 39.2% below fair value, there is substantial upside potential through value-add renovations to improve the property’s condition rating from 45/100. Targeting enhancements will not only align the property better with local rental expectations but could also capture increased value appreciation in a rural market like Santiago Maior. Not ideal for luxury market Given the agricultural economy and limited amenities in the area, this property is not suited for the luxury market, where buyer expectations are significantly higher. Buyers seeking luxury features and finishes will likely find the offerings in Santiago Maior lacking. Not ideal for student housing Given the low population density and the rural characteristics of Alandroal, the property is not positioned for success in the student housing market. The limited local job opportunities and amenities further diminish the attractiveness for student tenants. Not ideal for short-term vacation rental The car-dependence of this location combined with limited tourist amenities makes it unsuitable for short-term vacation rentals. Investors should reconsider this strategy as the appeal to transient visitors is significantly hampered in Santiago Maior.
Low Economic Resilience The economic stability score of 37/100 suggests a high risk of market volatility, which could adversely affect rental income and property value.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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