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 199 m², energy rating D. Located on rua Aldeia dos Frades, 11, Vendas Novas parish, Vendas Novas municipality, Évora district. This property features pre-installed air conditioning, enhancing comfort for all seasons, while its generous outdoor space offers potential for various leisure activities, despite current maintenance issues.
The valuation. The asking price of €239,500 is significantly below the fair value of €486,870, amounting to a difference of €247,370 (50.8%). This indicates that the property is underpriced in the current market.
Fair value modelled at €486,870 from 6 comparable sales in the area. Asking €239,500 sits €247,370 (50.8%) below — the upside to fair value.
Asking €239,500 versus the rua Aldeia dos Frades, 11 area baseline of €358,892 (€1,803/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 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 €358,892, adjusted for condition and micro-location, gives a modelled fair value of €486,870 (€2,447/m²), a €247,370 (50.8%) gap versus the €239,500 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Aldeia dos Frades, 11 | Subject | €239,500 | €1,204 | — | 72 | 45 |
| rua Capitão Custódio Janeiro Santana | Active | €390,000 | €2,167 | 80.0% | 72 | 59 |
| rua Alexandre Braga, 18 | Active | €220,000 | €2,683 | 122.9% | 65 | 54 |
| Vendas Novas · a806fe | Active | €280,000 | €2,393 | 98.8% | 70 | 55 |
| Vendas Novas · 82901d | Active | €460,000 | €1,742 | 44.8% | 73 | 59 |
| Median comp | €335,000 | €2,280 | 89.4% | 71 | 57 |
Long-term rental The property offers a significant gap to fair value at 50.8%, indicating potential for long-term appreciation despite its current yield of 0%. However, the rural environment and limited economic diversity may affect tenant quality and demand stability. Value-add renovation Given the high fair value of €486,870 relative to the purchase price, investing in renovations could significantly enhance the property’s value proposition. With a condition rating of 76/100, strategic upgrades could further optimize returns and attract tenants in the current housing market. Short-term vacation rental The rural setting and limited amenities make this property less suitable for short-term vacation rentals, which thrive in more urbanized or tourist-friendly areas. Therefore, the property does not align with the optimal characteristics for a successful short-term rental strategy. Luxury market Targeting the luxury market would not be prudent given the neighborhood's low rating of 45/100, indicative of limited appeal and economic activity. Thus, investing in this property for luxury purposes is unlikely to yield favorable results. Student housing The area's predominantly rural character restricts access and amenities necessary for student housing, which typically requires proximity to educational institutions and urban environments. Consequently, this property is not positioned to attract a student demographic effectively.
Economic and Tenant Instability The property carries a high risk due to an economic stability score of 45/100 and a tenant stability score of 50/100, indicating potential challenges in maintaining occupancy and rental income consistency.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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