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, 3-bathroom apartment of 119 m² on the 1st floor, built in 2011, energy rating E. Located on rua do Alfeirão, Évora (São Mamede, Sé, São Pedro e Santo Antão) parish, Évora municipality, Évora district. Noteworthy Features: This apartment is located in the historic center of Évora, making it a prime rental opportunity with a consistent student tenant base and attractive foot traffic.
The valuation. The asking price of €200,000 sits €56,104 below fair value, translating to a 21.9% discount. This apartment is positioned as an underpriced asset in the market.
Fair value modelled at €256,104 from 6 comparable sales in the area. Asking €200,000 sits €56,104 (21.9%) below — the upside to fair value.
Asking €200,000 versus the rua do Alfeirão area baseline of €197,918 (€1,663/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 64/100 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 €197,918, adjusted for condition and micro-location, gives a modelled fair value of €256,104 (€2,152/m²), a €56,104 (21.9%) gap versus the €200,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua do Alfeirão | Subject | €200,000 | €1,681 | — | 60 | 43 |
| Malagueira e Horta das Figueiras · 82903b | Active | €162,000 | €2,250 | 33.9% | 65 | 42 |
| Malagueira e Horta das Figueiras · a6d4e6 | Active | €340,000 | €2,833 | 68.6% | — | 42 |
| rua Doutor Fernando José Soares Pinheiro | Active | €299,900 | €1,874 | 11.5% | 70 | 40 |
| rua do Redondo | Active | €425,500 | €4,255 | 153.2% | 55 | 38 |
| Median comp | €319,950 | €2,542 | 51.2% | 65 | 41 |
Long-term rental The property presents a favorable investment opportunity in the long-term rental market, with a fair value suggesting a potential upside of 21.9%. The current yield of 3.3% gross in a predominantly agricultural region may attract stable tenants seeking affordable living options. Value-add renovation With a condition rating of 64/100, there is room for improvement, enabling the potential for a value-add renovation strategy. Upgrading the property could increase its appeal and potentially raise both rental income and overall property value, making it a compelling opportunity for investors. Not ideal for student housing Given the rural environment and the existing tenant quality, the property may not serve well in the student housing market. The current amenities and neighborhood dimensions do not align with the demands typically associated with student accommodation. Not ideal for luxury market The property is not suitable for the luxury market due to its modest condition and the neighborhood's lower rating of 43/100. Investors should not pursue high-end renovations, as the market context does not support luxury pricing.
High vacancy risk With an economic stability score of 35/100 and a tenant stability score of 50/100, there is a significant risk of prolonged vacancies, reflecting potential challenges in attracting and retaining consistent tenants.
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