Spacious 3 bedroom Villa for sale with panoramic and sea views in Santa Barbara de Nexe, Algarve
Spread over 3 floors the spacious 380m2 property features a spacious basement with a two-car garage, ample storage, and a convenient utility room.
The ground floor comes with an inviting entrance hall that leads to a bright living and dining area, complete with a cosy fireplace and direct access to a large terrace, ideal for enjoying panoramic views of the sea.
This level also includes a well-appointed kitchen, a guest shower room, and a master bedroom with fitted wardrobes and an en suite bathroom. On the upper leve...
Spread over 3 floors the spacious 380m2 property features a spacious basement with a two-car garage, ample storage, and a convenient utility room.
The ground floor comes with an inviting entrance hall that leads to a bright living and dining area, complete with a cosy fireplace and direct access to a large terrace, ideal for enjoying panoramic views of the sea.
This level also includes a well-appointed kitchen, a guest shower room, and a master bedroom with fitted wardrobes and an en suite bathroom. On the upper level, there are two generously sized bedrooms, each equipped with fitted wardrobes and private terraces, which share a modern shower room.
All rooms have air conditioning except the bedroom on the ground floor.
The outdoor space is equally impressive, featuring an inviting swimming pool surrounded by a mature garden, a shaded terrace perfect for relaxation, and a covered barbecue area designed for entertaining.
Additional amenities such as air conditioning, mains water supply, and a septic tank enhance the property's appeal.
While the villa requires renovation and modernisation, it presents a unique opportunity to customise and expand, to create an ideal home in a desirable central location close to all amenities.
With its multi-level design that harmonizes with the natural slope of the land, this property is poised to be transformed into a dream coastal retreat.
Easy access to the A22 and about 20 minutes from Faro International Airport.
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This Villa 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.