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.
4-bedroom, 2-bathroom house of 144 m², built in 1973, energy rating E. Located Vendas Novas parish, Vendas Novas municipality, Évora district. Noteworthy Features: The property includes a traditional annex with a ground chimney, perfect for outdoor gatherings, and an expansive attic that offers substantial expansion potential. Condition Notes: While structurally sound, interior finishes may require cosmetic updates to modern standards.
The valuation. The asking price of €310,000 is below the fair value of €348,553, indicating a potential equity advantage of €38,553 or 11.1%. This property is underpriced based on current market conditions.
Fair value modelled at €348,553 from 6 comparable sales in the area. Asking €310,000 sits €38,553 (11.1%) below — the upside to fair value.
Asking €310,000 versus the Vendas Novas, Vendas Novas, Évora area baseline of €288,757 (€2,005/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 65/100 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 €288,757, adjusted for condition and micro-location, gives a modelled fair value of €348,553 (€2,421/m²), a €38,553 (11.1%) gap versus the €310,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Vendas Novas · 76ac00 | Subject | €310,000 | €2,153 | — | 60 | 50 |
| rua Capitão Custódio Janeiro Santana | Active | €390,000 | €2,167 | 0.6% | 72 | 59 |
| rua Alexandre Braga, 18 | Active | €220,000 | €2,683 | 24.6% | 65 | 54 |
| rua Aldeia dos Frades, 13 | Active | €339,500 | €2,190 | 1.7% | 70 | 53 |
| rua Capitão Custódio Janeiro Santana | Active | €399,000 | €2,448 | 13.7% | 68 | 59 |
| Median comp | €364,750 | €2,319 | 7.7% | 69 | 57 |
Buy-and-hold The property in Vendas Novas is subvalorizada by 11.1%, indicating potential for value appreciation in the long term against its fair value of €348,553. Given the condition rating of 65/100 and moderate neighborhood score, this investment may yield suitable returns as the area develops further. Family rental As a family rental, this 4-bed house in a car-dependent location could attract long-term tenants seeking space and value, particularly as the property is currently subvalorizada. While amenities and public transport are limited, families might prioritize affordability and spaciousness, which this property offers. Not ideal for short-term vacation rental Given the property’s location outside a major urban hub and its 0% gross yield, it is not suited for short-term vacation rentals. The limited local amenities and transport options further restrict its attractiveness to transient visitors. Not ideal for luxury market This property’s condition score of 65/100 and the neighborhood’s 50/100 rating indicate a lack of features typically sought after in the luxury market. Additionally, with a listing price of €310,000, it doesn't cater to the expectations for luxury housing.
Economic and Tenant Instability Risk The property faces a significant risk due to both the economic stability and tenant stability scores being at a low 50/100, indicating potential challenges in securing reliable income.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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