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 155 m², energy rating D. Located on rua Aldeia dos Frades, 13, Vendas Novas parish, Vendas Novas municipality, Évora district. Noteworthy Features: The property includes a versatile 31 m² annex ideal for a home office or gym, along with a spacious outdoor area perfect for family gatherings.
The valuation. The asking price of €339,500 is below the fair value of €401,075, representing a 15.4% discount. This property is underpriced relative to its market potential, offering a favorable entry point for buyers. Buy-to-flip angle. A buy-to-flip strategy could capitalize on the current upgrades and quality condition, targeting a resale at or above the fair value. Given the property's current valuation, it holds potential for profitable renovation and resale. Buy-to-let angle. The estimated rental income of €764/month translates to a gross yield of 2.7%, offering consistent cash flow. As the area is not a primary tourist destination, long-term rental remains a sustainable strategy for stable returns.
Fair value modelled at €401,075 from 6 comparable sales in the area. Asking €339,500 sits €61,575 (15.4%) below — the upside to fair value.
Asking €339,500 versus the rua Aldeia dos Frades, 13 area baseline of €301,394 (€1,944/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 €301,394, adjusted for condition and micro-location, gives a modelled fair value of €401,075 (€2,588/m²), a €61,575 (15.4%) gap versus the €339,500 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Aldeia dos Frades, 13 | Subject | €339,500 | €2,190 | — | 70 | 53 |
| rua Capitão Custódio Janeiro Santana | Active | €390,000 | €2,167 | 1.1% | 72 | 59 |
| rua Alexandre Braga, 18 | Active | €220,000 | €2,683 | 22.5% | 65 | 54 |
| Vendas Novas · a806fe | Active | €280,000 | €2,393 | 9.3% | 70 | 55 |
| travessa Marinha de Campos, 7 | Active | €160,000 | €2,500 | 14.1% | 65 | 46 |
| Median comp | €250,000 | €2,447 | 11.7% | 68 | 55 |
Long-term rental This property in Vendas Novas offers a strong long-term rental strategy, given its price of €339,500, which is 15.4% below the fair value of €401,075. The gross yield of 2.7% combined with proximity to Setúbal provides solid rental demand due to local employment opportunities. Buy-and-hold Investing in this property aligns with a buy-and-hold strategy, leveraging its subvalued position in the growing area of Vendas Novas. As the local market develops, the current valuation presents a favorable opportunity for future appreciation over time. Not ideal for This property is not suitable for luxury market investments due to a modest neighborhood score of 53/100 and local economic factors. Additionally, its location and characteristics make it an unfavorable choice for short-term vacation rentals, given that Vendas Novas is not a primary tourist destination.
Economic Volatility Risk The economic stability score of 60/100 suggests potential fluctuations in the local economy, which may impact rental income and property value.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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