6 bedroom Villa for sale with countryside view with Income Potential in Santa Catarina da Fonte do Bispo, Algarve
This traditional beautiful property is full of charm and timeless elegance.
The main house comprises a spacious entrance hall with guest cloakroom. Down the hall, there is a generously sized, light and bright south facing living area with large windows overlooking the garden and a second more secluded reading room.
The kitchen is fully fitted and equipped with an island and accesses the covered breakfast terrac...
This traditional beautiful property is full of charm and timeless elegance.
The main house comprises a spacious entrance hall with guest cloakroom. Down the hall, there is a generously sized, light and bright south facing living area with large windows overlooking the garden and a second more secluded reading room.
The kitchen is fully fitted and equipped with an island and accesses the covered breakfast terrace with seating and dining area ideal for enjoying a morning coffee. The hallway next to the dining room leads to the ground floor bedroom suite with storage room and access to the gardens. There is also a laundry room (also accessible through the exterior).
Magnificent stairs lead up to the 1st floor. The main suite includes a bathroom with 2 sinks that is accessed through a spacious walk-in wardrobe and a private terrace which provides a magnificent viewpoint over the land up until the sea. The main suite also boasts an additional walk in wardrobe. There is also a separate shower room on this floor.
In between the main and guest house is a very inviting covered terrace with plenty of seating area, looking out towards the gardens and countryside.
The guest house comprises a kitchenette, a dining area, a living room and 3 bedroom suites, 2 of which share a Jack and Jill bathroom.
There is a second guest house on the premises with 2 bedrooms, a shower room, a living room and a kitchenette.
There is a lovely terrace with above ground pool. The outdoor space is truly a paradise. The large, heated swimming pool is perfect for cooling off on warm days and enjoying leisurely swims. The tranquil pool terrace is surrounded by mature trees, ponds, soothing water fountains and picturesque lakes, creating an ambience of serenity and natural beauty.
The land stretches endlessly, offering the opportunity for long walks or take a golf cart to discover the different corners of this unique property.
This estate offers more than just a home, it provides a blissful connection to nature and wildlife, invaluable privacy and absolute tranquillity.
Situated within Eastern Algarve in Tavira, only a short drive from local amenities and a 15 minute drive from the airport, this property is a definite must see. Not far from Tavira and Monte Gordo on the Spanish border, with fabulous restaurants, markets and golf course. The beaches are long and wide and it is probably fair to say that the weather and water is calmer and warmer than in the western part of the Algarve.
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This Villa is located in Santa Catarina da Fonte do Bispo 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.