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 159 m², energy rating D. Located on travessa Mechas, Évora (São Mamede, Sé, São Pedro e Santo Antão) parish, Évora municipality, Évora district. Noteworthy Features: The property boasts energy-efficient integrated stainless steel appliances that enhance both aesthetics and functionality, while the minimalist furniture maximizes space for student living expectations.
The valuation. The asking price of €510,000 is slightly above the fair value of €501,235, by €8,765 or 1.7%. This indicates the property is fairly valued in the current market.
Fair value modelled at €501,235 from 6 comparable sales in the area. Asking €510,000 sits €8,765 (1.7%) above — overpriced versus fair value.
Asking €510,000 versus the travessa Mechas area baseline of €366,436 (€2,305/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 75/100 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 €366,436, adjusted for condition and micro-location, gives a modelled fair value of €501,235 (€3,152/m²), a €8,765 (1.7%) gap versus the €510,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| travessa Mechas | Subject | €510,000 | €3,208 | — | 70 | 42 |
| rua do Telhal, 46 | Active | €280,000 | €2,188 | 31.8% | 71 | 41 |
| rua Padre Francisco José Assis, 20 | Active | €350,000 | €3,241 | 1.0% | 68 | 41 |
| rua do Canteiro | Active | €495,000 | €4,626 | 44.2% | 73 | 36 |
| rua da Esperança | Active | €299,000 | €4,153 | 29.5% | 82 | 42 |
| Median comp | €324,500 | €3,697 | 15.3% | 72 | 41 |
Long-term rental The property offers a gross yield of 2.7%, which is relatively low given the current demands of the rental market, indicating that potential returns may not attract long-term investors. Additionally, the neighbourhood score of 42/100 suggests that tenant quality may not meet the expectations typically desired for stable, long-term rental agreements. Buy-and-hold While the property is situated in Évora, the fair value assessment at €501,235 aligns closely with the listing price of €510,000, indicating limited appreciation potential for long-term holding. The low neighbourhood rating of 42/100 raises concerns about future property value growth given the rural and agricultural context. Value-add renovation Although the property is in satisfactory condition with a rating of 75/100, the small perceived gap from its fair value does not provide a significant opportunity for value-add renovations that could yield a compelling return on investment. The rural Alentejo setting limits the potential for transforming the property into a significantly more desirable asset in an already underwhelming neighbourhood. Not ideal for short-term rental The rural location combined with the neighbourhood's low score of 42/100 reduces the attractiveness for short-term rental strategies, given the limited demand in the area. This strategy may not provide the expected financial outcomes due to the lack of tourism and amenities typically associated with successful short-term rentals. Not ideal for student housing Given the rural nature of Évora and the low neighbourhood ranking of 42/100, this property is unlikely to meet the needs of the student rental market. Furthermore, the proximity to universities and student amenities is essential for success in this segment, which appears insufficient in this location. Not ideal for luxury market The fair value of the property relative to its listing price shows it is not aligned with luxury market standards, particularly considering the rural environment and low neighbourhood score. Luxury buyers typically seek properties in high-demand areas with strong amenities and desirability, both of which are lacking here.
Low Economic and Tenant Stability Risk With an economic stability score of 35/100 and a tenant stability score of 50/100, this property may face challenges in attracting and retaining tenants, leading to potential vacancies and reduced rental 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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