Immaculate 4 bedroom Villa for sale with panoramic view in Santa Barbara de Nexe, Algarve
Situated approximately 10km North of Faro, and a short walk from the village, this superb property offers splendid views of the Algarve coast between Olhao to the East and Quarteira to the West.
The villa is a family home and has been lovingly maintained and improved. It is positioned in a very peaceful location overlooking the coast, and at night the view is spectacular.
The main living room has a feature woodburning...
Situated approximately 10km North of Faro, and a short walk from the village, this superb property offers splendid views of the Algarve coast between Olhao to the East and Quarteira to the West.
The villa is a family home and has been lovingly maintained and improved. It is positioned in a very peaceful location overlooking the coast, and at night the view is spectacular.
The main living room has a feature woodburning fireplace, which also provides warm air heating for the main bedrooms. The kitchen is at the rear of the property and faces north. It also has adjoining doors to the dining room, the living room and a utility room. There are two double sized bedrooms on the ground floor, both with large built in wardrobes and each share an adjoining bathroom.
On the first floor are two double bedrooms, both with an en-suite bathroom. There is also a first floor balcony which faces south.
The driveway extends right round the property, and there is a large garage underneath the ground floor.
The garden, spanning 2,150 m is adorned with low-water plants, fruit trees, and a 9 x 5m swimming pool with a heat pump.
The property also features air conditioning, an electric gate, mains water supply, and a cistern for rainwater collection. A gas boiler provides hot water.
The property can serve as a main residence because of its location, surroundings, and generous surface area. It can also be a dream holiday house.
Private health services such as Hospital de Loule or Clinica Particular do Algarve in Gambelas are about 15 minutes away.
It has easy access to the A22 and about 20 minutes from Faro International Airport, and 6 minutes from the closest shopping area (MAR Shopping), in Loule.
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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.