Large Teaser
Reference246413
Price1,980,000 EUR
Bedrooms4
Bathrooms5
Floor Space
Land Area

Spacious 4 bedroom Villa for sale in Vale Formoso, Algarve

1,980,000 EUR
1,462,000 GBP1,819,000 USD
Spacious and well maintained 4 bedroom family villa, which is ideally located in the highly sought after Vale Formoso area of Loule.

This spacious villa sits in a beautiful established manicured garden, with large outdoor terraces, swimming pool and an outdoor kitchen.

Internally the property offers quality family living with a splendid living room with views across the pool and garden with a fitted kitchen and separate utility room. Family cloakroom and separate ground floor accommodation with 2 double bedrooms with their own private bathrooms.

The first floor offer anther double en-suite bedroom and a large master bedroom.

There is also a double garage with ...
Spacious and well maintained 4 bedroom family villa, which is ideally located in the highly sought after Vale Formoso area of Loule.

This spacious villa sits in a beautiful established manicured garden, with large outdoor terraces, swimming pool and an outdoor kitchen.

Internally the property offers quality family living with a splendid living room with views across the pool and garden with a fitted kitchen and separate utility room. Family cloakroom and separate ground floor accommodation with 2 double bedrooms with their own private bathrooms.

The first floor offer anther double en-suite bedroom and a large master bedroom.

There is also a double garage with an additional shower room.

The property is entered via electric gates onto a Calcada natural stone driveway leading to the main entrance of the property and also to the double garage. Plenty of parking and turn access.

First floor, via impressive handmade double wooden doors leading into the property with a reception area open to the wonderful living room area. The sweeping staircase is the first pulling feature when accessing the property, leading to the gallery hallway and the first floor. The living room is spacious with a sitting area and fireplace with sound surround cinema, air conditioning units 2 sets of patio doors leading onto the terrace and with access to the cloakroom. To the right of the living room a door leads into a fully fitted quality kitchen with integrated appliances including AEG Electric Fan assisted oven, AEG induction hob, dishwasher and fridge and separate freezer. Sliding door leading onto the terrace with easy access to the outdoor kitchen. The utility room is adjacent to the kitchen offer fitted additional drinks fridge, AEG washing machine and storage units. To the left of the living room, an internal hallway has access to the technical room with internal stairs leading to the basement The first double ground floor bedroom has fitted wardrobes, en-suite wet room and patio doors. A second double bedroom with en-suite shower room and again with patio doors. Both bedrooms have direct access to the terrace and the heated swimming pool and have air conditioning.

First Floor, via a wonderful sweeping staircase: feature stained glass art work windows to a reception landing allowing access to bedroom 3, a double bedroom with fitted wardrobes, en-suite bathroom with walk in shower unit, air conditioning and patio doors allowing access to spacious terrace overlooking the pool and garden. The master suite has double wooden doors opening into a large king size bedroom with separated area with fitted wardrobes and a large en-suite shower room, again the bedroom benefits from patio doors access this wonder large terrace.

Garage/basement: good size double garage with electrically operated garage door, log storage, large water storage tank for the bore hole, additional bathroom. Ideal to create into a game s room/cinema room.

Outside: the property is accessed directly from a village tarmac road, with electric gates access the property, garden alarm security as well as the main house, fully walled and fenced with established mature shrubs and trees with automatic garden irrigation, beautiful natural lawns, and sun-bathing terrace. The swimming pool, is heated from the solar system and has an electrically controlled security cover. Adjacent to the swimming pool is the outdoor kitchen area with barbecue and facilities to enjoy the outdoor living, without a door cloakroom and storage. The property also has the pump room and additional storage area.
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Rebecca Ludlow

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Features

Location

Where is this property?

This Villa is located in Vale Formoso 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.