Quiet 5 bedroom Villa for sale with panoramic view and countryside view in Sao Bras de Alportel, Algarve
With a spacious living area of 354m2, features include a welcoming entrance hall, living room with a cosy fireplace and doors leading to a covered terrace with views over the pool and countryside. Office/TV room, large fully equipped solid wood kitchen with a dining area that opens up to a further dining room and guest WC. At the back of the kitchen, there is a separate pantry and ...
With a spacious living area of 354m2, features include a welcoming entrance hall, living room with a cosy fireplace and doors leading to a covered terrace with views over the pool and countryside. Office/TV room, large fully equipped solid wood kitchen with a dining area that opens up to a further dining room and guest WC. At the back of the kitchen, there is a separate pantry and stairs leading to the basement.
The right wing of the ground floor consists of 4 bedrooms with built in wardrobes, 2 are en-suite bedrooms and there is a shared family bathroom.
In the basement there is an additional studio with an en-suite bedroom, fully equipped kitchen and a living room. There is also an enormous games and storage room, technical room, laundry and a garage for 4 cars.
Step into the landscaped outdoor area, featuring a covered terrace to enjoy alfresco dining, a swimming pool and a children's playground and basketball field.
With its warm, high quality and authentic construction, it offers the perfect setting as a dream home.
Features:
- Build size: 354m2 and plot size: 14,000m2
- Salt water swimming pool
- Electric gate
- Underfloor heating with new heating pump
- Fireplace
- Solar panels for hot water
- Borehole
- Septic tank and 2 cisterns
- Close to all amenities: 5 minutes from Sao Bras de Alportel, 25 minutes from beaches and golf courses, 20 minutes from Faro airport
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Where is this property?
This Villa is located in Sao Bras de Alportel 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.