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 house of 190 m², energy rating E. Located Ciborro parish, Montemor-o-Novo municipality, Évora district. The property features two kitchens, one with a fireplace and heat recovery system, enhancing both functionality and warmth during colder months.
The valuation. The asking price of €280,000 sits significantly below the fair value of €375,199, creating an advantageous position for potential investors, as it is underpriced by €95,199 (25.4%). Buy-to-flip angle. A value-add renovation strategy can enhance the property's appeal, allowing for a resale at a higher price post-renovation, with potential gains from the current underpricing. Buy-to-let angle. A long-term rental strategy could be implemented, focusing on securing tenants who appreciate rural living, although the current estimated gross yield is 0% due to proposed improvements and market conditions.
Fair value modelled at €375,199 from 6 comparable sales in the area. Asking €280,000 sits €95,199 (25.4%) below — the upside to fair value.
Asking €280,000 versus the Ciborro, Montemor-o-Novo, Évora area baseline of €298,036 (€1,569/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 66/100 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 €298,036, adjusted for condition and micro-location, gives a modelled fair value of €375,199 (€1,975/m²), a €95,199 (25.4%) gap versus the €280,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Ciborro · 800568 | Subject | €280,000 | €1,474 | — | 61 | 47 |
| praceta de Santa Catarina, 92 | Active | €475,000 | €1,979 | 34.3% | 55 | 36 |
| Brotas · ee8910 | Active | €390,000 | €2,826 | 91.8% | 65 | 44 |
| Mora · a80a3e | Active | €219,500 | €2,152 | 46.0% | 63 | 58 |
| Gafanhoeira (São Pedro) e Sabugueiro · 5e6344 | Active | €245,000 | €638 | 56.7% | 73 | 47 |
| Median comp | €317,500 | €2,066 | 40.2% | 64 | 46 |
Value-add renovation The property presents an opportunity for significant value creation through strategic renovations, considering its current condition score of 66/100 and the substantial gap of 25.4% from fair value. By enhancing the property to align with the €375,199 fair value, the investment can yield attractive returns in the rural Montemor-o-Novo market. Long-term rental With a fair value significantly above the listing price, this property can cater to long-term rental demand, particularly in a car-dependent rural area that boasts basic amenities. Although the current gross yield is 0%, the potential for steady rental income aligns well with the local housing market dynamics, supporting a stable investment over time.
High Vacancy Risk The property faces a significant risk of high vacancy rates due to its low Economic stability score of 35/100 and moderate Tenant stability score of 50/100, indicating a less favorable market for attracting and retaining tenants.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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