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 country_house of 100 m², energy rating E. Located Pias parish, Serpa municipality, Beja district. Noteworthy features: This traditional Alentejo farmhouse boasts an Alentejo fireplace and an array of fruit trees, emphasizing its rural charm despite the need for extensive restoration.
The valuation. The asking price of €160,000 is significantly higher than the fair value of €132,721, reflecting a discrepancy of €27,279 (20.6%). This property is considered overpriced in its current state.
Fair value modelled at €132,721 from 6 comparable sales in the area. Asking €160,000 sits €27,279 (20.6%) above — overpriced versus fair value.
Asking €160,000 versus the Pias, Serpa, Beja area baseline of €137,676 (€1,377/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 30/100 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 €137,676, adjusted for condition and micro-location, gives a modelled fair value of €132,721 (€1,327/m²), a €27,279 (20.6%) gap versus the €160,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Pias · 9af7a7 | Subject | €160,000 | €1,600 | — | 35 | 34 |
| rua Júlio Dinis | Active | €130,000 | €1,413 | 11.7% | 65 | 42 |
| rua Júlio Dinis | Active | €150,000 | €1,630 | 1.9% | 60 | 45 |
| Moura (Santo Agostinho e São João Baptista) e Santo Amador · 2d85a9 | Active | €108,000 | €1,241 | 22.4% | — | 44 |
| Moura (Santo Agostinho e São João Baptista) e Santo Amador · 133afe | Active | €120,000 | €1,463 | 8.5% | 70 | 31 |
| Median comp | €125,000 | €1,438 | 10.1% | 65 | 43 |
Value-add renovation The property is priced at 20.6% above fair value and has a low condition score of 30/100, indicating significant renovation is needed to enhance its appeal. However, the cost associated with the necessary upgrades may not yield a sufficient return on investment in a peripheral rural location with limited demand. Buy-and-hold With a gross yield of 0% and a low neighborhood score of 34/100, holding this property is unlikely to generate positive cash flow or appreciation over time. The surrounding area's economic limitations and tenant quality further diminish the attractiveness of a long-term hold strategy in this case.
High Vacancy Risk Given the low tenant stability score of 40/100 and a poor economic stability score of 30/100, the likelihood of experiencing significant vacancies is heightened, potentially stressing cash flow.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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