Inviting 3 bedroom Apartment for sale in Loule, Algarve
Perfectly furnished for comfort and style, this property features a cosy fireplace, access to a communal pool and garden area and is one of 10 apartments within the private condominium.
It is also close to local amenities such as supermarkets, school, beach etc.
The spacious 1,665m2 apartment features an entrance hall leading to a fully equipped kitchen and a living/dining room, which includes beautiful bay windows and a fireplace. From the entrance hall, kitchen, and living room, there is access to a spacious terrace with a...
Perfectly furnished for comfort and style, this property features a cosy fireplace, access to a communal pool and garden area and is one of 10 apartments within the private condominium.
It is also close to local amenities such as supermarkets, school, beach etc.
The spacious 1,665m2 apartment features an entrance hall leading to a fully equipped kitchen and a living/dining room, which includes beautiful bay windows and a fireplace. From the entrance hall, kitchen, and living room, there is access to a spacious terrace with a barbecue and golf course view, perfect for dining and relaxation. A corridor leads to a bedroom with a private bathroom (featuring both a bathtub and shower), and to two additional bedrooms that share a bathroom with a bathtub. Each bedroom is spacious, with built-in wardrobes and access to two additional terraces.
The master bedroom boasts a private balcony with golf course views.
The apartment comes with two underground parking spaces, providing convenience and peace of mind. Additionally, there is a communal storage space.
Residents have exclusive access to a beautifully maintained communal swimming pool and garden area, perfect for relaxing and socializing.
Experience the best of Vilamoura living with its perfect blend tranquility and unbeatable location.
Heating
Fireplace
Gas
Built in Wardrobes
Communal pool
Irrigation
Shutters: Manual
Terrace
Garage
Furnished
Built year: 2002
Private condominium
Walking distance to beach
Central location
Energy certification: E
Ownership: Private
Distance to airport: 20 Kms
Distance to Marina: 3 kms
Distance to Golf: 1 Km
Distance to Supermarket: 1,5 Kms
Distance to beach: 3.4 kms
Distance to Restaurants: 1 Kms
Distance to Tennis: 1 Km.
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This Apartment is located in Loule in Portugal
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Buying a Property in Portugal
1. Signing a Letter of Intent
On finding a property you wish to purchase, your agent will draw up a 'Letter of Intent, this will be signed by both parties, vendor and buyer. Copies of this will be given to the legal representatives of both parties and will be used in preparing the Promissory Contract. Included in this letter will be the price, what is included in the sale, furnishings etc. and any conditions of the sale plus the dates for both exchange and completion.
2. Exchange of Promissary Contract (Contrato Promessa de Compra e Venda)
The buyers lawyers are responsible for drawing up the promissory contract (Contrato Promessa de Compra e Venda) and as part of the process they will have carried out the legal searches and made sure that there are no charges, e.g. utilities, property tax etc. against the property. The contract will contain details of both parties and include clear title of ownership, when payments are due to be made, the completion date and an inventory, if required. The Promissory Contract is legally binding and will generally be signed by both parties and witnessed by a notary/lawyer. The contract will include penalty clauses in case either party does not fulfill the terms of the contract. A 10%, non-refundable deposit is required at this point, this will be paid to the vendor, through the lawyer's client account. Once the contract has been signed, if the vendor pulls out of the contract, they will be obliged to pay back double the deposit to the purchaser. If the purchaser pulls out, they will lose their deposit.
3. On Completion
The amount of time between signing the Promissary Contract and Completion will vary and will have been agreed in the contract. Before Completion your lawyer will need to arrange with a fiscal representative for you to obtain a Portuguese Fiscal Number. The official Deed of Transfer of ownership (the Escritura) will be signed by you (or someone representing you with your Power of Attorney), this is signed at the Notary and they will retain the document. The Deed will be read aloud by the Notary before all participants sign it. Your lawyer will need to check to ensure that you understand what is being said if you do not understand Portugese. The Escritura, once it has been signed, will officially give you ownership of the property, but will still need to be registered in your name on the Land Registry (Registo Predial) by your lawyer. Your lawyer should obtain a copy of this for your records. Once you have completed, the new utility contracts can be transferred into your name by your lawyer.