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, 1-bathroom house of 120 m². Located on rua Frei Manuel Cardoso, Malagueira e Horta das Figueiras parish, Évora municipality, Évora district. Noteworthy Features: The property features a charming fireplace in the spacious living room and offers seamless indoor-outdoor flow with direct access to a usable terrace and garden.
The valuation. The asking price of €380,000 is positioned above fair value by €29,980 (8.6%), indicating that the property is reasonably priced in the current market context. This suggests a balanced opportunity for potential investors looking to acquire a property. Buy-to-flip angle. A buy-to-flip strategy could involve implementing value-add renovations to enhance the property’s appeal and market value, allowing for a potential resale at a higher price. This renovation could attract buyers looking for modern finishes in a rural setting. Buy-to-let angle. As a buy-to-let investment, with an estimated gross yield of 3.2%, the property is projected to generate approximately €1,013 per month in rental income, providing a steady return for landlords in a mixed-neighborhood setting. This aligns well with long-term rental strategies.
Fair value modelled at €350,020 from 6 comparable sales in the area. Asking €380,000 sits €29,980 (8.6%) above — overpriced versus fair value.
Asking €380,000 versus the rua Frei Manuel Cardoso area baseline of €338,328 (€2,819/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 69/100 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 €338,328, adjusted for condition and micro-location, gives a modelled fair value of €350,020 (€2,917/m²), a €29,980 (8.6%) gap versus the €380,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Frei Manuel Cardoso | Subject | €380,000 | €3,167 | — | 70 | 48 |
| rua Dom Dinis | Active | €390,000 | €3,939 | 24.4% | — | 43 |
| rua Padre Francisco José Assis, 20 | Active | €350,000 | €3,241 | 2.3% | 68 | 41 |
| rua do Telhal, 46 | Active | €280,000 | €2,188 | 30.9% | 71 | 41 |
| Malagueira e Horta das Figueiras · 162397 | Active | €339,000 | €2,421 | 23.5% | — | 38 |
| Median comp | €344,500 | €2,831 | 10.6% | 70 | 41 |
Value-add renovation While the property currently has a fair value assessment, the condition score of 69/100 suggests potential for improvement through targeted renovations that could elevate both value and rental appeal. Enhancing the property may attract higher-quality tenants and increase yield over time, despite the property being fairly priced right now. Long-term rental With a gross yield of 3.2%, this property represents a moderate return for long-term rental purposes, matching the fair market value of €380,000. The rural setting and low crime rates could contribute positively to tenant stability, even though the neighbourhood scores a lower 48/100 on parameters impacting tenant quality and amenities.
Economic Vulnerability The low economic stability score of 35/100 indicates a heightened risk of economic downturns affecting rental income and property value.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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