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 apartment of 66 m², built in 1984, energy rating D. Located Vendas Novas parish, Vendas Novas municipality, Évora district. Noteworthy Features: The apartment includes direct street access, enhancing convenience and privacy, and features a versatile backyard space ideal for leisure or outdoor dining.
The valuation. The asking price of €125,000 is below the fair value of €159,500, demonstrating an underpriced opportunity of €34,500 (21.6%). This presents a favorable entry point for potential investors. Buy-to-flip angle. A buy-to-flip strategy could capitalize on the property’s underpricing, with a focus on upgrading the materials and kitchen to enhance the resale value in a recovering market. Quick renovations could attract buyers seeking modern amenities. Buy-to-let angle. For rental income, a buy-to-let approach can benefit from potential long-term tenants in the area, particularly if renovations improve the overall appeal despite the property's current condition. Strong rental demand could develop as the neighborhood stabilizes.
Fair value modelled at €159,500 from 6 comparable sales in the area. Asking €125,000 sits €34,500 (21.6%) below — the upside to fair value.
Asking €125,000 versus the Vendas Novas, Vendas Novas, Évora area baseline of €149,699 (€2,268/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 48/100 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 €149,699, adjusted for condition and micro-location, gives a modelled fair value of €159,500 (€2,417/m²), a €34,500 (21.6%) gap versus the €125,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Vendas Novas · ee8853 | Subject | €125,000 | €1,894 | — | 45 | 49 |
| Vendas Novas · 828f5a | Active | €250,000 | €1,678 | 11.4% | — | 56 |
| Vendas Novas · 5e6304 | Active | €245,000 | €2,333 | 23.2% | 41 | 53 |
| rua São João de Deus | Active | €285,000 | €2,522 | 33.2% | — | 58 |
| Vendas Novas · 16255c | Active | €298,000 | €2,292 | 21.0% | 78 | 56 |
| Median comp | €267,500 | €2,313 | 22.1% | 60 | 56 |
Long-term rental The property in Vendas Novas, listed at €125,000, is subvalorizada by 21.6% against a fair value of €159,500, indicating a promising opportunity for long-term rental income. However, with a gross yield of 0% and a condition rating of 48/100, ongoing investments may be necessary to attract stable, long-term tenants. Value-add renovation Investing in value-add renovations for this apartment could significantly enhance its appeal and market value, taking advantage of its current subvalorizada status. Given the condition score of 48/100 and the neighborhood's potential for improvement, strategic upgrades could reposition the property effectively in the market.
Economic and Tenant Instability With both economic stability and tenant stability scores at 50/100, there is a high risk of fluctuating income due to potential tenant turnover and local economic downturns.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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