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, 1-bathroom house of 182 m². Located on rua de Justino Godinho, 27, Monsaraz parish, Reguengos de Monsaraz municipality, Évora district. Noteworthy Features: The property offers a view of the historic Monsaraz Castle and includes an adjacent building with potential for a rental unit or guest accommodation, enhancing its investment appeal.
The valuation. The asking price of €230,000 is below the fair value of €295,380, representing an underpricing of €65,380 (22.1%). This indicates a strong potential for appreciation upon renovation or improvement.
Fair value modelled at €295,380 from 6 comparable sales in the area. Asking €230,000 sits €65,380 (22.1%) below — the upside to fair value.
Asking €230,000 versus the rua de Justino Godinho, 27 area baseline of €295,898 (€1,626/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 50/100 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 €295,898, adjusted for condition and micro-location, gives a modelled fair value of €295,380 (€1,623/m²), a €65,380 (22.1%) gap versus the €230,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua de Justino Godinho, 27 | Subject | €230,000 | €1,264 | — | 45 | 40 |
| Corval · a46721 | Active | €145,000 | €1,813 | 43.4% | — | 43 |
| Montoito · a80718 | Active | €120,000 | €1,008 | 20.2% | 55 | 44 |
| Reguengos de Monsaraz · a46623 | Active | €250,000 | €2,137 | 69.1% | 60 | 46 |
| rua da Aldeia, 24 | Active | €160,000 | €994 | 21.4% | 40 | 44 |
| Median comp | €152,500 | €1,411 | 11.6% | 55 | 44 |
Long-term rental This property at €230,000 offers a significant gap of 22.1% below its fair value, presenting a compelling opportunity for long-term rental strategies in a rural location where housing options are limited. Tenant quality may be affected by the economic characteristics of the predominantly agricultural neighborhood, yet the potential for appreciation is promising due to the property being subvalued. Buy-and-hold Investing in this property is favorable given its €230,000 listing price compared to a fair value of €295,380, which suggests a strong potential for future appreciation as the area develops. Holding onto this asset long-term can provide benefits as the overall market conditions in Alentejo improve, taking advantage of its subvalorizada status.
Economic Instability Risk With an economic stability score of 30/100, there is a significant risk that market fluctuations could adversely impact property value and rental demand.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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