Furnished 4 bedroom Villa for sale in Loule, Algarve
The villa is approximately a 20-minute walk from the Marina with its lively atmosphere and nightlife. The villa has been partially renovated and has large terraces and lovely views overlooking the Pinhal Golf Course.
The accommodation comprises:
• Spacious entrance hall
• Guest wc with bidet and single sink vanity unit
• Large modern kitchen with generous cupboard space, dishwasher, fridge/freezer, electric hob & oven, microwave, toaster, kettle
• Dining Room with furniture to seat 8...
The villa is approximately a 20-minute walk from the Marina with its lively atmosphere and nightlife. The villa has been partially renovated and has large terraces and lovely views overlooking the Pinhal Golf Course.
The accommodation comprises:
• Spacious entrance hall
• Guest wc with bidet and single sink vanity unit
• Large modern kitchen with generous cupboard space, dishwasher, fridge/freezer, electric hob & oven, microwave, toaster, kettle
• Dining Room with furniture to seat 8 people
• Spacious living room with ample comfortable seating, Satellite TV, DVD, Wi-Fi and stereo, fireplace, 3 sets of patio windows leading to various terraces
• Bedroom 1 (4 steps up from the living room), Double, fitted wardrobes, patio windows leading to small terrace, en-suite bathroom with separate shower cabinet, wc, single sink vanity unit, heated towel rail
• Utility room with washing machine, tumble dryer, ironing board, clothes dryer
First floor:
• Bedroom 2, Double, fitted wardrobes, seating area
• Bedroom 3, Twin, fitted wardrobes, window opening onto small terrace
• Shared bathroom, with overhead shower, wc, single sink vanity unit
• Bedroom 4, Double, fitted wardrobes, television, video, patio windows, en-suite shower room with shower unit, wc, single sink vanity unit
Other Features:
• Quality wooden flooring throughout
• Air-conditioning throughout
• Games room in basement
Exterior:
• Private Parking - garage for one car, and exterior parking for 2/3 cars
• Swimming Pool approximately 9m x 5m
• Brick built covered barbecue
• Pool shower
Air conditioning
Fireplace
Built in Wardrobes
Modern Kitchen
Private Pool
Private Garden
Shutters: Electric
Terrace
Garage
Furnished
Built year: 1990
Walking distance to beach
Central location
Energy certification: C
Ownership: Off Shore
Distance to airport: 20 Kms
Distance to Marina: 3 kms
Distance to Golf: 1 Km
Distance to Supermarket: 1.2 kms
Distance to beach: 1.8 kms
Distance to Restaurants: 500 m
Distance to Tennis: 1 Km.
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This Villa is located in Loule 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.