6 bedroom House for sale with countryside view with Income Potential in Santo Estevao, Algarve
This magnificent property is in the exclusive Mata do Duque. It stands out for its privacy and size, with the 1,100m2, comfortably dividing the social and private areas.
On the ground floor are two living rooms and a dining room with direct access to the garden and pool. Also on this floor is a spacious and fully equipped kitchen, connected to a breakfast area and a laundry room with a service suite.
A wine cellar for wine enthusiasts...
This magnificent property is in the exclusive Mata do Duque. It stands out for its privacy and size, with the 1,100m2, comfortably dividing the social and private areas.
On the ground floor are two living rooms and a dining room with direct access to the garden and pool. Also on this floor is a spacious and fully equipped kitchen, connected to a breakfast area and a laundry room with a service suite.
A wine cellar for wine enthusiasts and a guest area, consisting of a living room, two complete suites, and an independent entrance, complete this level.
On the first floor, there are 3 large and bright suites, with the master suite offering access to a generous balcony.
The entire property is surrounded by 2 hectares of meticulously maintained land. It features a large garden, a fruit tree area, a spacious swimming pool supported by changing rooms, a barbecue, and a games room.
There are also two closed garages and an annex that serves as a one-bedroom apartment (T1).
Additional features include a private water supply through a borehole and solar panels for water heating.
Mata do Duque, located in Santo Estevao, is a prestigious residential area in the municipality of Benavente. Known for its tranquility and natural surroundings, the area is characterised by vast private estates on large plots, offering privacy and a lifestyle in direct contact with nature. It is highly sought after by those who value the serenity of the countryside without compromising on comfort and proximity to Lisbon, which is about 40 minutes away.
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This House is located in Santo Estevao 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.