Income Potential 5 bedroom Villa for sale with sea view in Westport, Saint James
This distinctive property offers an exceptional investment opportunity, featuring a beautifully designed main residence complemented by two fully furnished one-bedroom cottages on-site.
Ideally situated near Holetown in the sought-after Porters area of St. James, this estate blends elegance and functionality.
Upon entry, the ground floor has a graceful foyer leading to two well-sized bedrooms, each featuring en-suite bathrooms and ample ward...
This distinctive property offers an exceptional investment opportunity, featuring a beautifully designed main residence complemented by two fully furnished one-bedroom cottages on-site.
Ideally situated near Holetown in the sought-after Porters area of St. James, this estate blends elegance and functionality.
Upon entry, the ground floor has a graceful foyer leading to two well-sized bedrooms, each featuring en-suite bathrooms and ample wardrobe space. Also on this level are two spacious storage rooms.
Ascend the charming staircase to the open-concept upper floor, where a centrally located WC adds convenience. The flowing dining and living spaces seamlessly open to a wrap-around patio, perfect for embracing indoor-outdoor Caribbean living. For added character, a spiral staircase ascends to a cosy loft, offering views over the main living area.
The expansive master suite is a serene retreat, complete with a walk-in wardrobe, en-suite bathroom, and direct access to the patio.
Adjacent to the dining area is a modern kitchen with all the essentials, which extends onto an outdoor Grecian-style patio-perfect for enjoying morning coffee. The adjoining laundry room, fitted with a washer and dryer, provides added convenience, and an outdoor wash area is located nearby.
Down a few steps from the Grecian patio lies a refreshing plunge pool, complete with living room chairs and an umbrella, creating a relaxing outdoor oasis. The main residence features porcelain tiles and coral stone accents on the lower level, adding to its distinctive charm and aesthetic appeal.
Just steps from the plunge pool, the two one-bedroom cottages offer additional accommodation options, making this property ideal for multi-stream rental income.
This residence not only serves as a refined sanctuary but also as an appealing investment in a prime location, close to Holetown's amenities and the stunning beaches of the West Coast.
The property comes furnished and is open to offers.
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This Villa is located in Saint James in Barbados
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Buying Real Estate in Barbados
1. Registering with a Barbadian Lawyer and the Central Bank of Barbados.
In order to purchase a property in Barbados you will require a registered Barbadian lawyer, their fees will be around 1.5 to 2% of the purchase price (+15% VAT). The buying process will generally take around 3 months. There are not generally any restrictions on ownership by foreigners, except for a formality that, if you are a non-resident, the Barbados Central bank must you give you permission before you may purchase a property. If you fail to gain this permission your purchase will be void. It is required by the Central Bank of Barbados that all money that is brought into the country must be registered. This can be best be handled by your Barbadian lawyer.
2. Signing the Purchase Agreement and Paying the deposit
Your lawyer will be charged with the conveyance of the title, the recording of the deeds and registering the survey plans with the Land Registry. Before you sign the Purchase Agreement and pay the 10% deposit, they will also check the agreement which will have been drawn up by the vendors lawyers. The Purchase Agreement will then be signed by the vendor and the deposit will be held by the vendor’s lawyers. The deposit will be forfeited if at any point after this you decide not to go through with the purchase.
3. The Conveyance
The register search will be carried out by your by your lawyer in order to establish whether the property or land is free from charges or any encumbrances and to establish the title. The conveyance will be drawn up by the sellers lawyer and will be checked by your lawyer. Once these checks have been made you will sign the conveyance and the balance of the funds will be paid. Once you have signed the conveyance it will go back to the venor’s solicitor to be signed by the vendor. Your part of the sale is now complete, all that is left is for the vendor to pay the stamp duty and to transfer the taxes.
4. General Information on Property Ownership in Barbados
Property can be owned in various ways in Barbados. In the name of an individual, through a trust or other entity, or through a foreign or local company. It is not unusual for non-Barbadians to purchase properties through newly formed offshore companies which are outside Barbados, but are registered to do business in Barbados.