Spacious 5 bedroom Villa for sale with countryside view in Monchique, Algarve
The spacious 442m2 property has an unusual shape, full of natural light, spacious areas, high ceilings, large windows, and the use of wood completes the comfortable and refined atmosphere.
The entrance hall leads to an open space, a functional and equipped kitchen and a large living room with a double-sided fireplace. There is also an additional living area, perfect for relaxing or receiving guests, with direct access to a large terrace ov...
The spacious 442m2 property has an unusual shape, full of natural light, spacious areas, high ceilings, large windows, and the use of wood completes the comfortable and refined atmosphere.
The entrance hall leads to an open space, a functional and equipped kitchen and a large living room with a double-sided fireplace. There is also an additional living area, perfect for relaxing or receiving guests, with direct access to a large terrace overlooking the mature garden, with space for al fresco dining.
This villa has five bedrooms spread over two floors, each with a balcony and independent access to the garden areas.
There are three bathrooms, a storage room, a mezzanine room that doubles as a games room, a laundry room, an office and a large room with high ceilings, perfect for an additional bedroom, a gym/yoga studio full of natural light and with a direct connection to the garden.
Outside, the garden is filled with a variety of fruit trees, a barbecue area and a pizza oven. A path leads down to the river located below the property, where there are several flat areas ideal for farming or animal husbandry.
There is also a garage and a workshop.
The property benefits from a delightfully secluded location near Marmelete in Monchique, surrounded by green hills, it combines privacy, comfort and tranquility.
The property is connected to the main electricity grid, has a legal borehole, Starlink internet connection, air conditioning and a reserve water tank.
The property is perfect for a country family home, or can easily be separated to create two independent houses, or even a tourist retreat in nature, namely eco-tourism.
The plot also includes a separate ruin located near the river, with permission to build.
CHARACTERISTICS:
Plot Area: 41,965 m2 | 451,708 sq ft
Area: 442 m2 | 4,759 sq ft
Bedrooms: 5
Bathrooms: 3
Garage.
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This Villa is located in Monchique 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.