Authentic 5 bedroom House for sale with sea view in Estoril, Central Portugal
It is a charming house with great potential. Inserted in a plot of 867m2, with a 313m2 gross area it comprises of an entrance hall, living room, TV room, dining room, fitted kitchen and laundry area, on the ground floor.
On the first floor are two bedrooms on the right side, supported by a bathroom, two bedrooms on the left side, supported by a bathroom, an interior storage area and South facing balcony shared between two bedrooms with sea views.
A living room with kitchenette, bedroom, full private bathroom, engine room, another ...
It is a charming house with great potential. Inserted in a plot of 867m2, with a 313m2 gross area it comprises of an entrance hall, living room, TV room, dining room, fitted kitchen and laundry area, on the ground floor.
On the first floor are two bedrooms on the right side, supported by a bathroom, two bedrooms on the left side, supported by a bathroom, an interior storage area and South facing balcony shared between two bedrooms with sea views.
A living room with kitchenette, bedroom, full private bathroom, engine room, another bathroom and bedroom are on the lower ground floor.
This charming property offers an excellent sun exposure, facing south, with plenty of natural light.
There is a garage for 2 cars, with parking for 5 more outside.
It is situated 2 minutes away from the Estoril Golf, 3 minutes away from the beach of Tamariz, 5 minutes away from the centre of Cascais, 11 minutes away from Lisbon and 20 minutes away from the airport.
Very quiet and safe place, with excellent accesses, served by colleges, hospital, gym, a commercial centre that offers all the daily local business, including supermarket, pastry shop, butcher, pharmacy, restaurants and banks.
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This House is located in Estoril 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.