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, 2-bathroom apartment of 234 m² on the 1st floor, energy rating C. Located Vendas Novas parish, Vendas Novas municipality, Évora district. Noteworthy Features: The kitchen boasts unique drawers with interior lighting, enhancing functionality and aesthetics, while spacious balconies extend living areas for leisure and enjoyment.**
The valuation. The asking price of €298,000 is significantly below the fair value of €477,859, creating a discrepancy of €179,859 (37.6%). This property is therefore considered underpriced, offering an attractive investment opportunity.
Fair value modelled at €477,859 from 6 comparable sales in the area. Asking €298,000 sits €179,859 (37.6%) below — the upside to fair value.
Asking €298,000 versus the Vendas Novas, Vendas Novas, Évora area baseline of €329,078 (€1,406/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 78/100 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 €329,078, adjusted for condition and micro-location, gives a modelled fair value of €477,859 (€2,042/m²), a €179,859 (37.6%) gap versus the €298,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Vendas Novas · 0acf7c | Subject | €298,000 | €1,274 | — | 79 | 51 |
| Vendas Novas · 828f5a | Active | €250,000 | €1,678 | 31.8% | — | 56 |
| Vendas Novas · 16255c | Active | €298,000 | €2,292 | 80.0% | 78 | 56 |
| rua Aldeia dos Frades, 11 | Active | €239,500 | €1,204 | 5.5% | 72 | 45 |
| Vendas Novas · ee8853 | Active | €125,000 | €1,894 | 48.7% | 45 | 49 |
| Median comp | €244,750 | €1,786 | 40.2% | 72 | 53 |
Buy-and-hold The 3-bed apartment in Vendas Novas is subvalorizada at €298,000 compared to the fair value of €477,859, presenting a significant opportunity for capital appreciation over time. As Setúbal's proximity to Lisbon continues to boost housing demand, this property stands to benefit from future market growth. Long-term rental Despite a gross yield of 0%, the fair valuation indicates that the property is subvalorizada, suggesting potential for rental income as the neighborhood develops. The location's economic stability due to industrial activity could attract quality tenants seeking longer leases in the area.
Economic Volatility Risk The economic stability score of 60/100 indicates potential fluctuations in the local economy, which may affect rental income; combined with a tenant stability score of 50/100, it suggests a risk of higher vacancy rates and tenant turnover.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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