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 260 m². Located on rua Candido dos Reis, 3, Cortiçadas de Lavre e Lavre parish, Montemor-o-Novo municipality, Évora district. Noteworthy Features: This property offers optimal sun exposure with extensive views, complemented by a large backyard featuring a traditional oven and barn structures suitable for restoration.
The valuation. The asking price of €350,000 is significantly below the fair value of €548,671, resulting in a discount of €198,671 (36.2%). This presents an attractive opportunity for potential investors seeking undervalued properties.
Fair value modelled at €548,671 from 6 comparable sales in the area. Asking €350,000 sits €198,671 (36.2%) below — the upside to fair value.
rua Candido dos Reis, 3 area median of €386,360 (€1,486/m²) for a property of this size — the starting reference point before comparable sales are factored in.
6 comparable sales in the area adjust the estimate by +€162,311 versus the parish baseline.
Parish baseline €386,360 +€162,311 comparables adjustment = modelled fair value of €548,671 (€2,110/m²), a €198,671 (36.2%) gap versus the €350,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Candido dos Reis, 3 | Subject | €350,000 | €1,346 | — | 25 | 46 |
| Vendas Novas · 92445b | Active | €195,000 | €2,241 | 66.5% | 32 | 54 |
| praceta de Santa Catarina, 92 | Active | €475,000 | €1,979 | 47.0% | 55 | 36 |
| rua Bernardino Machado, 31 | Active | €420,000 | €2,675 | 98.7% | 55 | 50 |
| Ciborro · 800568 | Active | €280,000 | €1,474 | 9.5% | 61 | 47 |
| Median comp | €350,000 | €2,110 | 56.7% | 55 | 49 |
Long-term rental With a fair value of €548,671, this 3-bed house is currently listed at €350,000, indicating a gap of 36.2% from its fair value, presenting a unique opportunity for long-term rental investment. The low crime rate in the rural area suggests a stable environment for tenants, although the average local schools may limit tenant quality. Buy-and-hold This property, despite its low condition rating of 28/100, can be viewed as a long-term hold given the significant discrepancy between the listing price and fair value. While amenities are limited due to its rural location, the house's potential appreciation over time makes it a worthwhile investment despite its current challenges.
Economic and Tenant Instability: With an economic stability score of 45/100 and a tenant stability score of 50/100, the property is at high risk for income volatility and increased vacancy rates due to an unstable economic environment and inconsistent tenant retention.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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