Unique 3 bedroom Townhouse for sale with panoramic view in Vila do Bispo, Algarve
Set in the charming 'Old Village' of this well-established golfing community, this exquisite property is a true gem waiting to be discovered. With three spacious bedrooms, two bathrooms, and a cosy fireplace, this beautiful property offers comfort and style in every room.
The terrace and garden provide the perfect setting for relaxation and entertaining guests, and the nearby shared swimming pool and clubhouse are nearby.
This townhouse was completely renovated fro...
Set in the charming 'Old Village' of this well-established golfing community, this exquisite property is a true gem waiting to be discovered. With three spacious bedrooms, two bathrooms, and a cosy fireplace, this beautiful property offers comfort and style in every room.
The terrace and garden provide the perfect setting for relaxation and entertaining guests, and the nearby shared swimming pool and clubhouse are nearby.
This townhouse was completely renovated from top to bottom, with a brand-new kitchen and all new appliances just 18 months ago to a high standard. All the doors and windows were replaced with new double-glazed units. Also, all the beds, bedding, towels, and curtains are all new.
The home was also decorated fully from top to bottom. It has full air-conditioning in all the rooms and bedrooms, which ensures a cool escape from the summer heat and warmth at the touch of a button for those cooler winter evenings, whilst the double-glazing provides peace and quiet.
Step out onto the terrace and soak up the sun or for an 'al fresco meal or, take a short walk to the nearby clubhouse and large communal swimming pool and easy access to the beach just 3 km away, this property is perfect for families looking for a peaceful retreat.
Conveniently located just 10 minutes from the beautiful seaside village of Salema and 50 minutes from the airport, this townhouse offers the ideal balance of tranquillity and accessibility. Fully furnished and with a private ownership, this property is ready to become a dream home.
This is a property that has undergone extensive renovation to a very high standard. It is a low maintenance home that is a great lock up and leave or alternatively, would be an excellent investment with good rental potential.
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This Townhouse is located in Vila do Bispo 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.