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, 2-bathroom house of 58 m², energy rating E. Located São Manços e São Vicente do Pigeiro parish, Évora municipality, Évora district. This property features a quaint outdoor patio ideal for relaxation and social gatherings, providing an inviting space that enhances the charm of village living.
The valuation. The asking price of €120,000 is significantly above its fair value of €50,933, representing a 135.6% premium. Verdict: overpriced. Buy-to-flip angle. A buy-to-flip strategy could focus on value-add renovations to enhance the property’s appeal and marketability, although the current pricing poses a challenge to achieving significant profit upon resale. Buy-to-let angle. Given the gross yield of 0% and a mixed neighbourhood score of 48/100, a long-term rental strategy may need a reevaluation of rental pricing to generate income and offset the initial investment.
Fair value modelled at €50,933 from 6 comparable sales in the area. Asking €120,000 sits €69,067 (135.6%) above — overpriced versus fair value.
Asking €120,000 versus the São Manços e São Vicente do Pigeiro, Évora, Évora area baseline of €67,000 (€1,155/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 69/100 is below the parish average, reducing fair value versus a typical-condition unit.
Recent nearby listings price below the wider parish average — a hyper-local discount distinct from the parish baseline.
Base gap of €67,000, adjusted for condition and micro-location, gives a modelled fair value of €50,933 (€878/m²), a €69,067 (135.6%) gap versus the €120,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| São Manços e São Vicente do Pigeiro · 51b70b | Subject | €120,000 | €2,069 | — | 70 | 48 |
| Monte do Trigo · 53cdc4 | Active | €135,000 | €487 | 76.4% | 72 | 42 |
| Monte do Trigo · 831154 | Active | €179,500 | €748 | 63.9% | 50 | 46 |
| São Manços e São Vicente do Pigeiro · 82900c | Active | €220,000 | €2,651 | 28.1% | 74 | 41 |
| Montoito · a80718 | Active | €120,000 | €1,008 | 51.3% | 55 | 44 |
| Median comp | €157,250 | €878 | 57.6% | 64 | 43 |
Long-term rental This property, with a listing price significantly exceeding its fair value, presents a risk for long-term rental investment, especially with a gross yield of 0%. Additionally, its low neighborhood score of 48/100 suggests limited tenant demand and potential challenges in maintaining occupancy. Value-add renovation Investing in a value-add renovation strategy may not justify the high acquisition cost of this property, given the gap of 135.6% versus fair value. The current condition rating of 69/100 leaves little room for substantial improvement to create a compelling offering in a rural area with limited market appeal. Short-term vacation rental This property is not suitable for a short-term vacation rental strategy, as evidenced by its overpriced nature and lack of desirable location features. The surrounding agricultural focus of the area does not attract the typical demographic of short-term renters. Luxury market Given the property’s significant overpricing and low condition score, it does not meet the criteria for investment in the luxury market. The economic conditions and amenities in the rural Alentejo region further diminish its appeal to luxury buyers.
Economic Downturn Risk The low economic stability score of 38/100 indicates a higher likelihood of economic downturns, which could negatively impact the property’s value and rental income potential.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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