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.
6-bedroom, 3-bathroom house of 125 m², built in 2001, energy rating D. Located on rua dos Alagoachos, Vila Nova de Milfontes parish, Odemira municipality, Beja district. This property features a large living room with a fireplace and a well-sized backyard, ideal for outdoor gatherings or potential landscaping projects.
The valuation. The property is listed at €400,000, which is €100,239 below its fair value of €500,239, representing a 20.0% discount. This makes it substantially underpriced as an attractive investment opportunity.
Fair value modelled at €500,239 from 6 comparable sales in the area. Asking €400,000 sits €100,239 (20.0%) below — the upside to fair value.
Asking €400,000 versus the rua dos Alagoachos area baseline of €438,151 (€3,505/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 63/100 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 €438,151, adjusted for condition and micro-location, gives a modelled fair value of €500,239 (€4,002/m²), a €100,239 (20.0%) gap versus the €400,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua dos Alagoachos | Subject | €400,000 | €3,200 | — | 60 | 44 |
| Porto Covo · 8ee7eb | Active | €980,000 | €5,052 | 57.9% | 73 | 45 |
| Porto Covo · 25f8bd | Active | €850,000 | €2,623 | 18.0% | — | 43 |
| Cercal · 5ed066 | Active | €389,700 | €2,581 | 19.4% | 72 | 48 |
| Porto Covo · 15e275 | Active | €1,495,000 | €5,980 | 86.9% | 75 | 46 |
| Median comp | €915,000 | €3,838 | 19.9% | 73 | 46 |
Long-term rental The property offers a notable investment opportunity due to its listing price of €400,000, which is 20% below the calculated fair value of €500,239. Given the location's reliance on agriculture and local tourism, securing long-term tenants could yield stable returns despite the current yield being 0%. Value-add renovation The house, rated 63/100 for condition, presents a strong case for renovation, potentially increasing both its value and rental appeal in the local market. With a gap to the fair value of 20%, strategic upgrades can not only enhance livability but also capture market demand in Vila Nova de Milfontes.
Economic Vulnerability The low economic stability score of 35/100 indicates a significant risk of declining property values and tenant turnover, which could adversely affect overall investment returns.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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