3 bedroom House for sale with sea view with Income Potential in Sintra, Central Portugal
The 220m2 property sits in a plot of 620m2 and is found only a few metres away from the sea.
This villa presents a traditional Portuguese architecture, with a well maintained garden and a private swimming pool.
The areas are distributed as follows:
- Entrance hall
- Living room with fireplace: 34.6m2
- Dining room: 18.4m2
- Kitchen: 15m2 with direct access to a 19m2 winter garden
- Social bathroom
First floor:
- Master suite: 14.5m2 with closet and a balcony with unique sea view
- Bedroom with a fantastic sea view and a 13.2m2 close...
The 220m2 property sits in a plot of 620m2 and is found only a few metres away from the sea.
This villa presents a traditional Portuguese architecture, with a well maintained garden and a private swimming pool.
The areas are distributed as follows:
- Entrance hall
- Living room with fireplace: 34.6m2
- Dining room: 18.4m2
- Kitchen: 15m2 with direct access to a 19m2 winter garden
- Social bathroom
First floor:
- Master suite: 14.5m2 with closet and a balcony with unique sea view
- Bedroom with a fantastic sea view and a 13.2m2 closet
- Bedroom with wardrobe: 10m2
- Full private bathroom to support the two bedrooms
South sun exposure with plenty of natural light.
All rooms have double glazed window frames and shutters and also central heating.
Close to all amenities and services typical of a picturesque village.
This property has a Local housing (LH) license, a very attractive occupancy rate and a high yield.
Located in Praia Grande, in Colares, in an area integrated into the Sintra-Cascais Natural Park, the villa has a guaranteed sea view, which will remain due to the natural preservation.
Praia Grande has become a reference point for international tourism, mainly due to its scenic beach and natural beauty, the practice of sports such as surfing and bodyboarding and the acclaimed local restaurants that offer the best fresh fish and seafood.
Ideal for living, with the exponential increase of family tourism in Sintra over the years, this villa is also an excellent opportunity to invest in short-term rentals, benefiting from the possibility of maintaining the existing local housing license.
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This House is located in Sintra 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.