Reference251382
Price900,000 EUR
Bedrooms3
Bathrooms3
Floor Space
Land Area

Bright 3 bedroom Villa for sale in Lago, Northern Portugal

900,000 EUR
774,000 GBP963,000 USD
Located on the banks of the Cavado River, this contemporary-style villa is set on a plot of approximately 1,000m2, complemented by two other plots bordering the river.

It has a simple and intuitive layout, with the social area differentiated from the night area. All rooms have access to the outside, with heated swimming pool, barbecue area and garden area.

It has excellent sun exposure, maximised by the glazed windows that run throughout the single-storey villa.
It comes with three bedroom suites, a guest wc, an office, a kitchen with a dining area, a living room and a laundry room, as well as a garage for two cars.
It is immaculately presented and has technologies...
Located on the banks of the Cavado River, this contemporary-style villa is set on a plot of approximately 1,000m2, complemented by two other plots bordering the river.

It has a simple and intuitive layout, with the social area differentiated from the night area. All rooms have access to the outside, with heated swimming pool, barbecue area and garden area.

It has excellent sun exposure, maximised by the glazed windows that run throughout the single-storey villa.
It comes with three bedroom suites, a guest wc, an office, a kitchen with a dining area, a living room and a laundry room, as well as a garage for two cars.
It is immaculately presented and has technologies that make it easy to enjoy and use on a daily basis, offering security, comfort and well-being.

It is part of a select development of just five houses which, due to its location, offers almost total privacy.



Plot Area: 3,117 m2 | 33,551 sq ft
Building Area: 356 m2 | 3,832 sq ft
Energy efficiency: B

Air conditioning
• Fireplace in the living room
• Video surveillance system
• Intrusion and smoke alarms
• Pellet boiler in the bedroom area
• Automatic irrigation system
• Central vacuum system
• Solar panels
• Photovoltaic panels
Contact our Property Expert
Rebecca

Rebecca Ludlow

UK Office: +44 (0)1935 817188

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Features

Location

Where is this property?

This Villa is located in Lago 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.