Quiet 3 bedroom Villa for sale with countryside view and panoramic view in Sao Martinho do Porto, Central Portugal
This unique, single storey house has spacious accommodation comprising of an entrance hall with doors off to 3 double bedrooms, 1 with an en-suite bathroom, a family bathroom and access to the basement garage. The well equipped fitted kitchen includes plenty of cupboard space, an island unit and stone work-tops. From the hallway an archway leads through to a very large sitting room with plenty of space for a dining table. This room has an attractive feature fireplace fitted with a recuperador, which also heats the kitc...
This unique, single storey house has spacious accommodation comprising of an entrance hall with doors off to 3 double bedrooms, 1 with an en-suite bathroom, a family bathroom and access to the basement garage. The well equipped fitted kitchen includes plenty of cupboard space, an island unit and stone work-tops. From the hallway an archway leads through to a very large sitting room with plenty of space for a dining table. This room has an attractive feature fireplace fitted with a recuperador, which also heats the kitchen, and a heating/air conditioning unit.
A notable feature of this beautiful property is the handmade stained glass which has been used in many of the internal windows.
A door from the hallway leads to a staircase that leads down to a useful room that is currently used for storage, but could be converted into additional accommodation if required. A doorway leads through to the spacious garage with plenty of room for 2 cars.
Outside, a gravel driveway sweeps through the easy to maintain garden with areas of lawn and sunny terraces making the most of the countryside views to the front of the house and the stunning ocean view to the rear. A footpath behind the property leads to Salgado Beach, a vast stretch of golden sand, and the property is just a short drive from some of the best known beach towns in the area, including Sao Martinho do Porto and Nazare. Lisbon and the airport are within an hours drive.
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This Villa is located in Sao Martinho do Porto 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.