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 house of 96 m². Located Montoito parish, Redondo municipality, Évora district. Noteworthy Features: This property boasts traditional terracotta tile flooring and high arched ceilings, adding character despite its deferred maintenance and dated finishes.
The valuation. The asking price of €170,000 is very close to the fair value of €170,544, sitting just €544 (0.3%) below it, indicating a fair deal in the current market. Buy-to-flip angle. To capitalize on the potential for appreciation, a resale strategy could involve renovations to enhance the property's appeal and market value in the mixed neighborhood. Buy-to-let angle. Given the condition score of 55/100, pursuing a long-term rental strategy may prove challenging with a gross yield of 0%, pointing to the need for value-added renovations to attract tenants.
Fair value modelled at €170,544 from 6 comparable sales in the area. Asking €170,000 sits €544 (0.3%) below — the upside to fair value.
Asking €170,000 versus the Montoito, Redondo, Évora area baseline of €161,671 (€1,684/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 55/100 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 €161,671, adjusted for condition and micro-location, gives a modelled fair value of €170,544 (€1,777/m²), a €544 (0.3%) gap versus the €170,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Montoito · 51d051 | Subject | €170,000 | €1,771 | — | — | 46 |
| Corval · a46721 | Active | €145,000 | €1,813 | 2.4% | — | 43 |
| praça da Liberdade, 1 | Active | €275,000 | €1,741 | 1.7% | 55 | 36 |
| Reguengos de Monsaraz · a46623 | Active | €250,000 | €2,137 | 20.7% | 60 | 46 |
| Santiago Maior · 096f0a | Active | €165,000 | €2,200 | 24.2% | 65 | 39 |
| Median comp | €207,500 | €1,975 | 11.5% | 60 | 41 |
Long-term rental The property presents a yield of 0%, reflecting its current condition of 55/100 and low neighborhood quality rating of 46/100. Given its fair value status at €170,000, potential long-term rental returns may not be attractive in this rural Alentejo location with limited economic drivers. Value-add renovation With a condition rating of 55/100, there is potential for a value-add renovation to enhance the property, but significant investment would be required to achieve meaningful improvements. As it stands at a fair value compared to its listing price, the expected renovation gains may not justify the upfront costs in this subdued real estate market.
Economic Volatility Risk The economic stability score of 40/100 indicates a heightened risk of economic fluctuations that could adversely 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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