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, 2-bathroom house of 235 m², energy rating E. Located Vendas Novas parish, Vendas Novas municipality, Évora district. The property boasts a spacious courtyard that enhances outdoor living opportunities and offers potential for landscaping, while the attic provides valuable additional storage space.
The valuation. The asking price of €215,000 sits significantly below the fair value of €364,576, indicating a gap of €149,576 (41.0%). Verdict: underpriced.
Fair value modelled at €364,576 from 6 comparable sales in the area. Asking €215,000 sits €149,576 (41.0%) below — the upside to fair value.
Asking €215,000 versus the Vendas Novas, Vendas Novas, Évora area baseline of €337,978 (€1,438/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 45/100 is below the parish average, reducing 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 €337,978, adjusted for condition and micro-location, gives a modelled fair value of €364,576 (€1,551/m²), a €149,576 (41.0%) gap versus the €215,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Vendas Novas · 7881fc | Subject | €215,000 | €915 | — | 42 | 55 |
| Vendas Novas · e834f9 | Active | €215,000 | €1,396 | 52.6% | 45 | 50 |
| rua 1. º de Dezembro | Active | €128,000 | €1,707 | 86.5% | 60 | 57 |
| Canha · 831661 | Active | €128,000 | €1,707 | 86.5% | 60 | 47 |
| Nossa Senhora da Vila, Nossa Senhora do Bispo e Silveiras · 57fd44 | Active | €280,000 | €603 | 34.0% | — | 52 |
| Median comp | €171,500 | €1,552 | 69.6% | 60 | 51 |
Buy-and-hold This 3-bed house in Vendas Novas, listed at €215,000, is priced significantly below its fair value of €364,576, presenting a compelling opportunity for long-term wealth accumulation. While the property’s condition and neighbourhood ratings suggest room for improvement, its current pricing makes it an attractive buy-and-hold investment. Long-term rental With a fair value indicating a 41.0% gap from the listing price, this property offers potential for positive cash flow if positioned appropriately in the rental market. Although the yield is currently at 0% and concerns about tenant quality exist, the significant gap to fair value may provide a buffer against economic fluctuations.
Economic Dependency Risk The property faces an economic dependency risk due to a stagnant economic stability score of 50/100, indicating potential vulnerabilities in sustaining tenant demand and rental income.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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