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 apartment of 85 m² on the 1st floor, built in 1993, energy rating D. Located on acesso Particular, Malagueira e Horta das Figueiras parish, Évora municipality, Évora district. This apartment features a first-floor location with potential for future profitability, situated in a rapidly emerging area of Évora that is increasingly attracting home seekers and investors.
The valuation. The asking price of €195,000 is slightly above the fair value of €194,792, representing a mere €208 premium (0.1%). This indicates that the property is fairly priced within its market context.
Fair value modelled at €194,792 from 6 comparable sales in the area. Asking €195,000 sits €208 (0.1%) above — overpriced versus fair value.
Asking €195,000 versus the acesso Particular area baseline of €176,900 (€2,081/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 62/100 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 €176,900, adjusted for condition and micro-location, gives a modelled fair value of €194,792 (€2,292/m²), a €208 (0.1%) gap versus the €195,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| acesso Particular | Subject | €195,000 | €2,294 | — | 56 | 40 |
| Malagueira e Horta das Figueiras · 82903b | Active | €162,000 | €2,250 | 1.9% | 65 | 42 |
| rua Doutor Fernando José Soares Pinheiro | Active | €299,900 | €1,874 | 18.3% | 70 | 40 |
| Malagueira e Horta das Figueiras · a6d4e6 | Active | €340,000 | €2,833 | 23.5% | — | 42 |
| rua do Alfeirão | Active | €200,000 | €1,681 | 26.7% | 60 | 43 |
| Median comp | €249,950 | €2,062 | 10.1% | 65 | 42 |
Long-term rental The property offers a gross yield of 5.8%, indicating a potentially stable return for long-term tenants. However, with a fair value nearly equivalent to the listing price, investors should consider the limited growth potential in a rural area characterized by low tenant quality and amenities. Value-add renovation Given the current condition rating of 62/100, there may be opportunities for value-add renovations to enhance the apartment's appeal and potentially increase rental income. Nevertheless, the proximity to basic amenities and the agricultural focus of Malagueira e Horta das Figueiras limits the potential for significant market appreciation. Not ideal for short-term vacation rental The rural setting of this property, along with its low neighbourhood rating of 40/100, makes it a less suitable candidate for short-term vacation rentals. Limited attractions and amenities in the area contribute to a lack of demand for such accommodation types. Not ideal for student housing The property’s location in a rural area with low accessibility to educational institutions diminishes its viability for student housing. Additionally, the tenant quality in the neighbourhood is unlikely to attract a stable student rental demographic.
High Economic Vulnerability With an economic stability score of 35/100, this property faces significant risks due to potential economic downturns affecting revenue and tenant retention.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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