Immaculate 6 bedroom Villa for sale with panoramic view in Portimao, Algarve
This outstanding property perfectly combines traditional Mediterranean style architecture with contemporary design, filled with natural light.
The 517m2 offers spacious, light-filled, welcoming and comfortable living areas. The large open-plan living area has a cosy double-fronted fireplace, large windows overlooking the idyllic outdoor space, with the garden and pool completing the elegance and modernity of the property. There are two bedrooms on the first floor, one of which has an en-suite bathroom.
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This outstanding property perfectly combines traditional Mediterranean style architecture with contemporary design, filled with natural light.
The 517m2 offers spacious, light-filled, welcoming and comfortable living areas. The large open-plan living area has a cosy double-fronted fireplace, large windows overlooking the idyllic outdoor space, with the garden and pool completing the elegance and modernity of the property. There are two bedrooms on the first floor, one of which has an en-suite bathroom.
The modern, fully equipped kitchen has a dining area with direct access to the outside, a separate pantry and a laundry room. Also on this floor are two bathrooms and direct access to the 2 car garage, which has extra storage space and is equipped with an electric gate.
There is also covered parking for one car, and extra parking outside the property.
On the upper floor are the remaining bedrooms, the master of which has a walk-in wardrobe, a large en suite bathroom and a private balcony. All 4 bedrooms have access to the large roof terrace with panoramic views.
The property's mature landscaped garden provides an oasis setting with the fantastic swimming pool and covered dining area with barbecue.
This superb property offers quiet and private living, with easy access to the N125 national road and A22 highway. Faro International Airport is 50 minutes away, it is 10 minutes from Morgado Golf and Penina Golf Resort and a 15 minute drive from some of the Algarve's most stunning beaches.
6 bedrooms Equipped kitchen Fireplace Balcony / Terrace Garage Covered parking Garden Barbecue Swimming pool
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This Villa is located in Portimao 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.