Immaculate 3 bedroom Villa for sale with countryside view in Lagos, Algarve
This delightful property is only minutes away from several coastal villages and the historical town of Lagos.
On the ground floor are two en-suite bedrooms just off the main entrance hall, both with direct access to the garden. The equipped kitchen is off the living room, and has granite counter tops, cupboards in a "cherrywood" finish, and a separate laundry room.
A spacious open-plan living area with adjoining dining area has sunny south-facing patio doors that lead on to the pool area, including a s...
This delightful property is only minutes away from several coastal villages and the historical town of Lagos.
On the ground floor are two en-suite bedrooms just off the main entrance hall, both with direct access to the garden. The equipped kitchen is off the living room, and has granite counter tops, cupboards in a "cherrywood" finish, and a separate laundry room.
A spacious open-plan living area with adjoining dining area has sunny south-facing patio doors that lead on to the pool area, including a sheltered outdoor dining area perfect for evening barbecues.
On the first level is the master bedroom, with a large en-suite and access to a small terrace with views of the local flora. A spare room is also on the 1st floor, currently used as a children's playroom, it could easily be an office or studio.
A massive roof terrace is accessible through the spare room, and offers stunning views. The garden is private and overflowing with gorgeous vegetation and flowering plants. There is a barbecue area next to the pool, with plenty of space for food preparation and storage underneath.
For anyone looking for activities, the national forest is nearby and has great walking, cycling trails. The property has a gated drive with automatic gates, and leads to a covered car port.
Heating and cooling systems include a wood burning unit in the living room, underfloor heating, and air conditioning units.
The villa is in immaculate condition, and would be suitable for either a rental investment or as a permanent family home.
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This Villa is located in Lagos 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.