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, 1-bathroom country_house of 253 m², built in 2005, energy rating C. Located on rua Primeiro de Maio, Santiago Maior parish, Alandroal municipality, Évora district. Noteworthy Features: This property offers a multifunctional independent annex perfect for guest accommodation or a creative studio, alongside a productive olive grove ideal for home olive oil production.
The valuation. The asking price of €295,000 sits significantly below the fair value of €449,171, presenting an opportunity as the property is subpriced by €154,171, or 34.3%. Buy-to-flip angle. A resale strategy could involve minor renovations to enhance market appeal, enabling a quick sale for a profit, given the advantageous initial purchase price. Buy-to-let angle. The property’s rental income strategy would focus on long-term tenants, although the current gross yield is estimated at 0%, indicating no immediate cash flow.
Fair value modelled at €449,171 from 6 comparable sales in the area. Asking €295,000 sits €154,171 (34.3%) below — the upside to fair value.
Asking €295,000 versus the rua Primeiro de Maio area baseline of €406,520 (€1,607/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 70/100 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 €406,520, adjusted for condition and micro-location, gives a modelled fair value of €449,171 (€1,775/m²), a €154,171 (34.3%) gap versus the €295,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Primeiro de Maio | Subject | €295,000 | €1,166 | — | 64 | 48 |
| rua de Timor, 10 | Active | €259,000 | €1,579 | 35.4% | 65 | 44 |
| Monsaraz · a807c6 | Active | €259,000 | €1,738 | 49.1% | 70 | 34 |
| Santiago Maior · 096f0a | Active | €165,000 | €2,200 | 88.7% | 65 | 39 |
| Corval · a46721 | Active | €145,000 | €1,813 | 55.4% | — | 43 |
| Median comp | €212,000 | €1,776 | 52.3% | 65 | 41 |
Long-term rental This property offers a substantial gap of 34.3% compared to its fair value, indicating potential for long-term appreciation and steady rental income. The local market's limited demand may keep occupancy stable, making this a viable investment in the region. Buy-and-hold Given the current fair value of €449,171, investing at €295,000 presents a strong opportunity for future profit as the property is likely to appreciate over time. Holding this asset will allow for value growth, even in a market characterized by agricultural limitations. Not ideal for The property is not suitable for student housing, the luxury market, or short-term rental due to its location's lower appeal and limited amenities, which could hinder profitability in those segments.
Economic Risk The property has a low economic stability score of 35/100, indicating a possible vulnerability to market fluctuations and economic downturns that could negatively affect property values.
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