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.
1-bedroom, 1-bathroom house of 90 m², energy rating E. Located on rua da Boa União, 8, Santiago Maior parish, Alandroal municipality, Évora district. This property features a charming roof terrace perfect for outdoor relaxation, and its fully furnished status enables immediate occupancy without additional expenses.
The valuation. The asking price of €185,000 exceeds the fair value of €155,420 by €29,580 (19.0%), indicating that the property is overpriced. This discrepancy suggests a lack of investment appeal at its current listing.
Fair value modelled at €155,420 from 6 comparable sales in the area. Asking €185,000 sits €29,580 (19.0%) above — overpriced versus fair value.
Asking €185,000 versus the rua da Boa União, 8 area baseline of €134,964 (€1,500/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 75/100 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 €134,964, adjusted for condition and micro-location, gives a modelled fair value of €155,420 (€1,727/m²), a €29,580 (19.0%) gap versus the €185,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua da Boa União, 8 | Subject | €185,000 | €2,056 | — | 73 | 34 |
| rua de Reguengos S / N | Active | €1,700,000 | €3,926 | 91.0% | — | 39 |
| beco da Estalagem, 2 | Active | €186,000 | €1,525 | 25.8% | 75 | 38 |
| rua da Liberdade S / N | Active | €199,000 | €1,716 | 16.5% | 72 | 38 |
| Monsaraz · a807c6 | Active | €259,000 | €1,738 | 15.4% | 70 | 34 |
| Median comp | €229,000 | €1,727 | 16.0% | 72 | 38 |
Long-term rental This property, with a listing price of €185,000, is overpriced by 19.0% compared to its fair value of €155,420, deterring potential tenants due to limited local amenities and economic opportunities. Consequently, the gross yield of 0% significantly undermines its attractiveness as a long-term rental investment. Value-add renovation While renovations could potentially enhance the appeal of this property, its current valuation suggests that such investments may not yield satisfactory returns, given the neighborhood's low score of 34/100. The high upfront cost and the existing overpriced nature of the house further complicate the likelihood of creating a profitable value-add situation. Not ideal for This property is not suitable for short-term vacation rentals or student housing due to the rural location and the lack of nearby amenities. Additionally, the low score in tenant quality indicates that it may struggle in the luxury market, making it a poor fit for these strategies.
High Vacancy Risk With an economic stability score of 30/100 and a tenant stability score of 40/100, there is a significant risk of high vacancy rates, indicating potential difficulty in securing long-term 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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