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.
4-bedroom, 2-bathroom house of 445 m², energy rating F. Located on rua da Pedreira, 24, Mourão parish, Mourão municipality, Évora district. Noteworthy Feature: This property includes a spacious backyard ideal for outdoor activities or gardening, and is only a short distance from the scenic River Beaches of Mourão and Monsaraz.
The valuation. The asking price of €220,000 is significantly below the fair value of €429,265, resulting in a difference of €209,265 (48.7%). This suggests the property is underpriced and potentially presents a great opportunity for investment.
Fair value modelled at €429,265 from 6 comparable sales in the area. Asking €220,000 sits €209,265 (48.7%) below — the upside to fair value.
Asking €220,000 versus the rua da Pedreira, 24 area baseline of €369,424 (€830/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 57/100 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 €369,424, adjusted for condition and micro-location, gives a modelled fair value of €429,265 (€965/m²), a €209,265 (48.7%) gap versus the €220,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua da Pedreira, 24 | Subject | €220,000 | €494 | — | 52 | 40 |
| rua José Mestre Batista, 23 | Active | €177,000 | €770 | 55.7% | 58 | 44 |
| rua da Alegria | Active | €137,500 | €962 | 94.5% | 52 | 42 |
| rua do Guadiana, 88 | Active | €195,000 | €720 | 45.5% | 58 | 45 |
| rua de Justino Godinho, 27 | Active | €230,000 | €1,264 | 155.6% | 45 | 40 |
| Median comp | €186,000 | €866 | 75.2% | 55 | 43 |
Long-term rental Given the significant gap of 48.7% between the listing price of €220,000 and the fair value of €429,265, this property presents a strong opportunity for long-term rental given the potential appreciation. However, the low yield of 0% and neighborhood rating of 40/100 indicate that the rental market may be impacted by the remote rural location. Value-add renovation With a current condition score of 57/100, there is substantial room for improvement through renovations that could enhance the property’s value aligned with the fair market value. Investing in upgrades could not only make it more appealing for eventual tenants but also capitalize on the underlying value that the gap suggests exists in the property.
Economic Vulnerability The property faces a significant risk due to its low economic stability score of 30/100, indicating a potentially unstable market environment for sustainable growth.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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