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 country_house of 242 m², energy rating D. Located Garvão e Santa Luzia parish, Ourique municipality, Beja district. Noteworthy Features: The estate includes a wine cellar and extensive grounds with diverse fruit trees, making it ideal for potential rural tourism or agricultural ventures.
The valuation. The asking price of €379,000 is significantly below the fair value of €558,956, representing a difference of €179,956 (32.2%). This property is clearly underpriced.
Fair value modelled at €558,956 from 6 comparable sales in the area. Asking €379,000 sits €179,956 (32.2%) below — the upside to fair value.
Asking €379,000 versus the Garvão e Santa Luzia, Ourique, Beja area baseline of €546,576 (€2,259/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 61/100 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 €546,576, adjusted for condition and micro-location, gives a modelled fair value of €558,956 (€2,310/m²), a €179,956 (32.2%) gap versus the €379,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Garvão e Santa Luzia · 07fc17 | Subject | €379,000 | €1,566 | — | 54 | 45 |
| Relíquias · 2fccb5 | Active | €420,000 | €7,636 | 387.6% | — | 43 |
| Colos · a46705 | Active | €265,000 | €3,193 | 103.9% | 35 | 41 |
| Panoias e Conceição · 375080 | Active | €299,000 | €2,020 | 29.0% | — | 45 |
| rua das Relíquias | Active | €140,000 | €2,456 | 56.8% | 60 | 48 |
| Median comp | €282,000 | €2,825 | 80.4% | 48 | 44 |
Long-term rental This property in Ourique presents an opportunity for long-term rental given its pricing at €379,000, which is 32.2% below its fair value of €558,956. With a condition rating of 61/100 and a neighborhood score of 45/100, it offers a stable investment option in a low-crime, rural area. Buy-and-hold Holding onto this property could yield significant equity gains over time, as it is still priced well below fair market value. The long-term potential in the Alentejo region, combined with the unique characteristics of rural living, supports this investment strategy despite a current yield of 0%.
Economic Vulnerability The low economic stability score of 35/100 indicates a heightened risk of economic downturns that could affect property values and tenant demand.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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