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 105 m², energy rating D. Located Vendas Novas parish, Vendas Novas municipality, Évora district. Noteworthy Features: The apartment includes a private attic space, ideal for additional storage or conversion, and boasts dual balconies that enhance natural light and outdoor accessibility.
The valuation. The asking price of €245,000 is slightly below the fair value of €263,662, making it a fair offering with a difference of €18,662 (7.1%).
Fair value modelled at €263,662 from 6 comparable sales in the area. Asking €245,000 sits €18,662 (7.1%) below — the upside to fair value.
Asking €245,000 versus the Vendas Novas, Vendas Novas, Évora area baseline of €242,548 (€2,310/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 €242,548, adjusted for condition and micro-location, gives a modelled fair value of €263,662 (€2,511/m²), a €18,662 (7.1%) gap versus the €245,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Vendas Novas · 5e6304 | Subject | €245,000 | €2,333 | — | 41 | 53 |
| rua São João de Deus | Active | €285,000 | €2,522 | 8.1% | — | 58 |
| Vendas Novas · 16255c | Active | €298,000 | €2,292 | 1.8% | 78 | 56 |
| rua Bernardino Machado, 31 | Active | €420,000 | €2,675 | 14.6% | 55 | 50 |
| Vendas Novas · a806fe | Active | €280,000 | €2,393 | 2.6% | 70 | 55 |
| Median comp | €291,500 | €2,458 | 5.3% | 70 | 56 |
Long-term rental The property offers a fair market value, aligning closely with current listing prices at €245,000, resulting in a modest gap of 7.1%. The gross yield of 2.7% suggests that while returns may be limited, consistent demand in this semi-rural area can provide stable tenancy opportunities. Family rental Given its size and three bedrooms, the apartment is suitable for family rentals, fitting well within the local market for families seeking a safe environment and decent schooling options. While the property is assessed as fair, its condition score of 49/100 indicates the need for some improvements to attract higher-quality tenants. Short-term vacation rental The property's characteristics and yield do not lend themselves to the short-term vacation rental market, primarily due to its semi-rural location and lower neighbourhood score of 53/100. Short-term rentals may struggle to compete with more attractive urban options, limiting potential profitability in this strategy. Luxury market This property does not fit into the luxury market due to its fair valuation and average condition, alongside an inferior neighbourhood appeal. High-end buyers likely seek properties that exceed current offerings, making it unsuitable for investment in this segment.
Economic Vulnerability Given an economic stability score of 45/100, there is a significant risk of market fluctuations negatively impacting property value and income stability.
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