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 apartment of 163 m², energy rating F. Located Montoito parish, Redondo municipality, Évora district. Noteworthy Features: This apartment is strategically located within walking distance to essential services and the Montoito Environmental Park, offering a blend of urban convenience and nature-based leisure activities.
The valuation. The asking price of €190,000 sits €16,439 (8.0%) below the fair value of €206,439, indicating a fair valuation of the property. This suggests that the asking price aligns well with the market expectations for this particular asset.
Fair value modelled at €206,439 from 6 comparable sales in the area. Asking €190,000 sits €16,439 (8.0%) below — the upside to fair value.
Asking €190,000 versus the Montoito, Redondo, Évora area baseline of €144,014 (€884/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 78/100 is above the parish average, lifting 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 €144,014, adjusted for condition and micro-location, gives a modelled fair value of €206,439 (€1,266/m²), a €16,439 (8.0%) gap versus the €190,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Montoito · a6d4e2 | Subject | €190,000 | €1,166 | — | 80 | 36 |
| beco da Estalagem, 2 | Active | €186,000 | €1,525 | 30.8% | 75 | 38 |
| São Manços e São Vicente do Pigeiro · 82900c | Active | €220,000 | €2,651 | 127.4% | 74 | 41 |
| rua da Alegria | Active | €137,500 | €962 | 17.5% | 52 | 42 |
| Monte do Trigo · a8074a | Active | €179,500 | €2,564 | 120.0% | 62 | 43 |
| Median comp | €182,750 | €2,045 | 75.4% | 68 | 42 |
Long-term rental Given the fair valuation of €190,000, this property presents as a stable investment for long-term rental, providing a consistent but low yield of 0% gross. However, its condition rating of 78/100 indicates some maintenance may be necessary to attract potential tenants. Buy-and-hold As a buy-and-hold investment, this property aligns with growth potential as it sits at a fair value, although its low yield may impact cash flow in the short term. The rural agricultural context combined with a neighborhood rating of 36/100 suggests that significant appreciation may be limited, making it a more cautious choice for investors.
High vacancy risk With an economic stability score of 35/100 and a tenant stability score of 45/100, the likelihood of high vacancy rates and unstable tenancy increases significantly.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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