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 apartment of 108 m², energy rating F. Located on rua Frei José Maria, 13, Malagueira e Horta das Figueiras parish, Évora municipality, Évora district. Noteworthy Features: The apartment includes a pantry for additional storage and a private garage, enhancing convenience in this prime location near Évora's historic center.
The valuation. The asking price of €308,000 sits below the fair value of €345,000, indicating a difference of €37,000 or 10.7%. This property is assessed as underpriced.
Fair value modelled at €345,000 from 6 comparable sales in the area. Asking €308,000 sits €37,000 (10.7%) below — the upside to fair value.
Asking €308,000 versus the rua Frei José Maria, 13 area baseline of €326,773 (€3,026/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 60/100 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 €326,773, adjusted for condition and micro-location, gives a modelled fair value of €345,000 (€3,194/m²), a €37,000 (10.7%) gap versus the €308,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Frei José Maria, 13 | Subject | €308,000 | €2,852 | — | 65 | 50 |
| rua do Redondo | Active | €425,500 | €4,255 | 49.2% | 55 | 38 |
| Bacelo e Senhora da Saúde · a808c9 | Active | €230,000 | €3,194 | 12.0% | 65 | 38 |
| travessa do Contreyras, 2 | Active | €235,000 | €4,896 | 71.7% | 72 | 44 |
| rua Henrique de Menezes, 4 | Active | €265,000 | €2,054 | 28.0% | 70 | 38 |
| Median comp | €250,000 | €3,725 | 30.6% | 68 | 38 |
Long-term rental This property, although priced at €308,000, is actually subvalued in the market with a fair value of €345,000, presenting a favorable investment opportunity for long-term rental. With a gross yield of 3% and a condition rating of 60/100, it stands well within the average for rural areas of Alentejo. Buy-and-hold Investing in this €308,000 apartment offers solid long-term potential, given its fair valuation at €345,000, indicating a 10.7% gap to fair value. While the neighborhood scores a modest 50/100, the low crime rates can attract stable tenants for sustained rental income.
Economic Vulnerability The property is at high risk due to a low economic stability score of 40/100, indicating potential market fluctuations and investment instability. Tenant Turnover Risk With a tenant stability score of 50/100, there is a significant likelihood of tenant turnover, which could increase vacancy rates and associated costs.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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