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 112 m², energy rating E. Located São Manços e São Vicente do Pigeiro parish, Évora municipality, Évora district. Noteworthy Features: The property includes a traditional smoke fireplace in the slaughter kitchen and has a covered eave spanning the house's width, providing potential shade for outdoor activities.
The valuation. The asking price of €164,000 is significantly above the fair value of €95,729, representing an overpriced condition by €68,271 (71.3%). This disparity suggests caution for potential investors.
Fair value modelled at €95,729 from 6 comparable sales in the area. Asking €164,000 sits €68,271 (71.3%) above — overpriced versus fair value.
Asking €164,000 versus the São Manços e São Vicente do Pigeiro, Évora, Évora area baseline of €181,227 (€1,618/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 57/100 is below the parish average, reducing fair value versus a typical-condition unit.
Recent nearby listings price below the wider parish average — a hyper-local discount distinct from the parish baseline.
Base gap of €181,227, adjusted for condition and micro-location, gives a modelled fair value of €95,729 (€855/m²), a €68,271 (71.3%) gap versus the €164,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| São Manços e São Vicente do Pigeiro · e54bd1 | Subject | €164,000 | €1,464 | — | 52 | 39 |
| Monte do Trigo · 831154 | Active | €179,500 | €748 | 48.9% | 50 | 46 |
| rua da Alegria | Active | €137,500 | €962 | 34.3% | 52 | 42 |
| rua Nova, 2 | Active | €179,000 | €746 | 49.1% | 42 | 46 |
| Monte do Trigo · 53cdc4 | Active | €135,000 | €487 | 66.7% | 72 | 42 |
| Median comp | €158,250 | €747 | 49.0% | 51 | 44 |
Buy-and-hold This property in São Manços e São Vicente do Pigeiro, priced at €164,000, significantly exceeds its fair value of €95,729, resulting in a concerning 71.3% gap. Given the low yield and the subpar neighborhood quality, this investment is unlikely to provide satisfactory long-term returns, rendering it less attractive for a buy-and-hold strategy. Not ideal for short-term vacation rental The property’s condition rating of 57/100 and the neighborhood rating of 39/100 indicate a lack of appeal to tourists, making it unsuitable for short-term vacation rental strategies. The high price point further exacerbates the issues, as the expected returns do not justify the investment. Not ideal for student housing With a gross yield of 0% and the demographic quality of the neighborhood being only 39/100, this property fails to attract a strong student market in terms of demand. The property's overvaluation only compounds its unsuitability for student housing opportunities. Not ideal for luxury market The rural location and low condition score reflect a property that does not meet the standards expected within the luxury market segment. The significant gap between its listing price and fair value suggests that this investment is misguided for individuals targeting the luxury demographic.
High Economic and Tenant Instability The economic stability score of 30/100 combined with a tenant stability score of 40/100 indicates a high risk of income volatility and potential vacancy issues, impacting the overall financial performance of the investment.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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