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 152 m². Located on rua do Progresso, Canaviais parish, Évora municipality, Évora district. Noteworthy Features: The property's vibrant exterior finishes stand out in the neighborhood, while the converted attic offers versatile potential for a home office or extra bedroom. Garden and Outdoor Space: Additionally, the garden provides a rare retreat for outdoor activities in an urban setting.
The valuation. The asking price of €260,000 sits €120,823 below the fair value of €380,823, indicating the property is underpriced by 31.7%. This presents an attractive opportunity for potential investors seeking value. Buy-to-flip angle. Utilizing a resale or wholesale strategy, investors can capitalize on the structural updates needed, increasing the property's appeal and market value. A targeted renovation could yield significant profits in the current market. Buy-to-let angle. With an estimated gross yield of 4.4%, or approximately €953 per month, the rental income strategy focuses on capturing steady cash flow from long-term tenants. Despite mixed neighborhood ratings, consistent demand contributes to reliable returns.
Fair value modelled at €380,823 from 6 comparable sales in the area. Asking €260,000 sits €120,823 (31.7%) below — the upside to fair value.
Asking €260,000 versus the rua do Progresso area baseline of €336,965 (€2,217/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 61/100 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 €336,965, adjusted for condition and micro-location, gives a modelled fair value of €380,823 (€2,505/m²), a €120,823 (31.7%) gap versus the €260,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua do Progresso | Subject | €260,000 | €1,711 | — | 65 | 41 |
| rua dos Caçadores | Active | €450,000 | €2,273 | 32.9% | 70 | 44 |
| Canaviais · 8311bf | Active | €450,000 | €2,074 | 21.2% | 70 | 42 |
| rua da Escola, 4 | Active | €230,000 | €2,738 | 60.1% | 58 | 38 |
| rua Palmira Bastos, 28 | Active | €400,000 | €1,231 | 28.0% | — | 41 |
| Median comp | €425,000 | €2,174 | 27.1% | 70 | 42 |
Long-term rental The property in Canaviais, Évora, presents a good opportunity for long-term rental, given its fair value of €380,823 against a listing price of €260,000, resulting in a notable gap of 31.7%. With a gross yield of 4.4%, investors can benefit from a steady income stream while capitalizing on the inherent value appreciation potential. Value-add renovation Given the property's listing at €260,000 while its fair value stands at €380,823, there is significant potential for value-add renovation strategies, particularly with its current condition rated at 61/100. By investing in improvements, investors could enhance the property's worth and appeal in a rural area where demand remains relatively constrained, maximizing future returns.
High vacancy risk Given the low economic stability score of 35/100 and tenant stability score of 45/100, there is a heightened risk of prolonged vacancies or tenant turnover, which could impact rental income.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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