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.
2-bedroom, 1-bathroom apartment of 122 m². Located Nossa Senhora da Conceição e São Bartolomeu parish, Vila Viçosa municipality, Évora district. This property boasts two private balconies that enhance natural light and offer serene outdoor space, along with a closed garage suitable for both parking and storage needs.
The valuation. The asking price of €198,000 sits below the fair value of €226,965, indicating the property is subvalued by €28,965 (12.8%). This presents an advantageous opportunity for potential buyers. Buy-to-flip angle. The resale strategy focuses on cosmetic upgrades to enhance appeal, targeting a higher price post-renovation to attract investors or first-time buyers. The goal is to quickly realize a profit by leveraging the gap between purchase and projected resale value. Buy-to-let angle. The rental income strategy involves capitalizing on the property's quality finishes and modern amenities to attract long-term tenants. While the gross yield currently stands at 0%, targeted improvements could increase rental demand in this rural area.
Fair value modelled at €226,965 from 6 comparable sales in the area. Asking €198,000 sits €28,965 (12.8%) below — the upside to fair value.
Asking €198,000 versus the Nossa Senhora da Conceição e São Bartolomeu, Vila Viçosa, Évora area baseline of €189,642 (€1,554/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 73/100 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 €189,642, adjusted for condition and micro-location, gives a modelled fair value of €226,965 (€1,860/m²), a €28,965 (12.8%) gap versus the €198,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Nossa Senhora da Conceição e São Bartolomeu · 2fcdaf | Subject | €198,000 | €1,623 | — | 75 | 45 |
| avenida de Santo António, 39 | Active | €230,000 | €1,211 | 25.4% | — | 38 |
| Borba (Matriz) · a808ab | Active | €115,000 | €2,018 | 24.3% | 50 | 49 |
| Borba (São Bartolomeu) · a80207 | Active | €220,000 | €1,913 | 17.9% | 42 | 34 |
| Borba (São Bartolomeu) · 5da1d5 | Active | €220,000 | €1,930 | 18.9% | 30 | 39 |
| Median comp | €220,000 | €1,922 | 18.4% | 42 | 39 |
Buy-and-hold This 2-bed apartment in Vila Viçosa is currently available at €198,000, representing a 12.8% gap below its fair value of €226,965. Investing in this property for the long term can yield significant appreciation as the local economy develops further within the rural Alentejo region. Value-add renovation With a condition score of 73/100, there’s opportunity for value improvement through targeted renovations, making it easier to capture the existing gap to fair value. Enhancing the apartment could not only address tenant quality concerns but also increase its attractiveness in the local market. Long-term rental While the property currently offers a gross yield of 0%, its pricing below fair value indicates potential for future rental income growth as the area's economy progresses. By securing this apartment now, an investor can benefit from increasing demand in the rural Alentejo, ultimately providing a steady income stream. Not ideal for Due to its rural setting, the apartment is not suitable for short-term vacation rentals, appealing more to long-term tenants. Additionally, the property won't cater well to the luxury market or student housing, given its local demographics and amenities.
Economic Vulnerability With an economic stability score of 40/100, there is a significant risk that fluctuations in the local economy could adversely impact property values and rental income.
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