5 bedroom Villa for sale with panoramic and sea views with Income Potential in Santa Barbara de Nexe, Algarve
Built to the highest specifications, this superb property ensures year-round comfort with underfloor heating and air conditioning throughout. Its prime location at the entrance of the village, next to the charming church, means one is just a short stroll from local shops and quaint cafes.
From the first floor, the villa boasts breathtaking sea views. This level features a grand entrance hall, a spacious living and dining room bathed in natural light, and a cos...
Built to the highest specifications, this superb property ensures year-round comfort with underfloor heating and air conditioning throughout. Its prime location at the entrance of the village, next to the charming church, means one is just a short stroll from local shops and quaint cafes.
From the first floor, the villa boasts breathtaking sea views. This level features a grand entrance hall, a spacious living and dining room bathed in natural light, and a cosy fireplace. The semi-open luxury kitchen is fully fitted and seamlessly connects with the living space, creating a perfect flow for entertaining. Sliding doors lead out to a generous south-facing terrace, offering an ideal spot for year-round outdoor dining and relaxation.
Two spacious bedroom suites complete this floor, providing comfort and privacy.
The lower level presents a fully independent three-bedroom apartment, making it perfect for guests or potential rental income. Here, there is another inviting living area with a fireplace, an open-plan kitchen, and two en-suite bedrooms, along with a third room that can serve as an office or additional bedroom. This floor also houses the laundry and garage, providing practicality and convenience.
Outside, the beautifully landscaped garden is complemented by a sparkling swimming pool, easily accessible via a staircase from the upper terrace. Whether lounging poolside or enjoying a quiet evening on the terrace, the villa's outdoor spaces are designed to enhance one's enjoyment of the Algarve's stunning climate.
This unique property offers the flexibility of being used as two independent units or as one expansive home, catering to the needs of any owner. With features such as double-glazed windows, air conditioning throughout, and high-quality finishes, it is as functional as it is beautiful. Perfect for those who value proximity to amenities while still desiring a tranquil retreat, this villa is truly a rare find. Located in a peaceful cul-de-sac with beautiful surroundings, yet close to all amenities.
Private health services such as Hospital de Loule or Clinica Particular do Algarve in Gambelas Faro, are about 15 minutes away. 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.