Reference249806
Price520,000 EUR
Bedrooms3
Bathrooms3
Floor Space137.4m2
Land Area3.2 Ha

3 bedroom House for sale with sea view with Income Potential in Santa Barbara de Nexe, Algarve

520,000 EUR
447,200 GBP556,400 USD
Nestling in nearly 8 acres of glorious land is this exquisitely renovated
3 bedroom house with pool, garden and outbuildings, enjoying breathtaking sea views from its location in Santa Barbara de Nexe.

This stylish property exudes charm and elegance. Renovation works have been carefully done, preserving the soul of the house. The heart of the home is an open-plan kitchen, fully equipped and seamlessly flowing into a spacious living and dining area. The room is adorned with a mezzanine, adding a touch of sophistication.

The house features two inviting bedrooms, one of which boasts built-in wardrobes and an en suite shower room. An additional well-appointed shower room comp...
Nestling in nearly 8 acres of glorious land is this exquisitely renovated
3 bedroom house with pool, garden and outbuildings, enjoying breathtaking sea views from its location in Santa Barbara de Nexe.

This stylish property exudes charm and elegance. Renovation works have been carefully done, preserving the soul of the house. The heart of the home is an open-plan kitchen, fully equipped and seamlessly flowing into a spacious living and dining area. The room is adorned with a mezzanine, adding a touch of sophistication.

The house features two inviting bedrooms, one of which boasts built-in wardrobes and an en suite shower room. An additional well-appointed shower room completes the indoor amenities.

Step outside to discover a delightful patio, perfect for leisurely afternoons. A refreshing plunge pool invites you to unwind and bask in the tranquility.

The property includes two outbuildings, one with an extra bedroom and shower room, ideal for guests or as a private retreat and a second one which is thoughtfully prepared to be used as a laundry room or a home office, offering versatility to suit your needs.

The plot is securely walled-in, providing privacy and a sense of seclusion. A dedicated parking space ensures convenience.

Modern comforts include aluminium doors and windows with double glazing, pre-installed air conditioning, and sustainable features such as a solar panel for water heating and photovoltaic panels for electricity.

The property is connected to mains water, has a cistern and a septic tank. All of this is crowned by breathtaking sea views, creating a perfect blend of rustic charm and contemporary luxury.

Private health services such as Hospital de Loule or Clinica Particular do Algarve in Gambelas are about 15 minutes away. Easy access to the A22 and about 20 minutes from Faro International Airport, and 6 minutes from the closest shopping area (MAR Shopping), in Loule.
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Rebecca Ludlow

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This House is located in Santa Barbara de Nexe 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.