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 house of 82 m², energy rating D. Located on rua Doutor Sá Carneiro, 49, Luz parish, Mourão municipality, Évora district. This property includes a stylish outdoor area featuring a barbecue, perfect for entertaining, along with energy-efficient air conditioning units in all main living spaces.
The valuation. The asking price of €160,000 is only €1,438 (0.9%) below the fair value of €161,438. This property is therefore considered fairly priced.
Fair value modelled at €161,438 from 6 comparable sales in the area. Asking €160,000 sits €1,438 (0.9%) below — the upside to fair value.
Asking €160,000 versus the rua Doutor Sá Carneiro, 49 area baseline of €153,670 (€1,874/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 79/100 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 €153,670, adjusted for condition and micro-location, gives a modelled fair value of €161,438 (€1,969/m²), a €1,438 (0.9%) gap versus the €160,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Doutor Sá Carneiro, 49 | Subject | €160,000 | €1,951 | — | 75 | 43 |
| Campo e Campinho · c839dc | Active | €255,000 | €2,125 | 8.9% | 72 | 35 |
| Campo e Campinho · c839db | Active | €355,000 | €3,227 | 65.4% | 72 | 44 |
| Campo e Campinho · 33bcfe | Active | €217,500 | €1,588 | 18.6% | 70 | 42 |
| rua de Reguengos S / N | Active | €1,700,000 | €3,926 | 101.2% | — | 39 |
| Median comp | €305,000 | €2,676 | 37.1% | 72 | 41 |
Long-term rental The property in Luz, Mourão, presents a fair investment option for long-term rental given the fair value aligns closely with the current listing at €160,000. However, the 0% gross yield indicates that it may not be the most attractive option for generating immediate cash flow. Buy-and-hold Investing in this property for a buy-and-hold strategy could yield stable value appreciation over time, as it is situated in a low-crime rural area of Alentejo. The fair valuation suggests that while there is little room for growth, the property can serve as a steady asset in a diversified portfolio. Value-add renovation The existing condition rating of 79/100 suggests that there may be opportunities for enhancement through renovations, potentially increasing tenant appeal. While the property is currently priced appropriately, any additional investment to improve the unit could justify future rental increases or resale value enhancements.
Economic Vulnerability With an economic stability score of 30/100, the property faces a significant risk of downturns in demand and market value due to overall economic instability.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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