Income Producing 7 bedroom Farmhouse for sale with sea and panoramic views in Santa Barbara de Nexe, Algarve
The land radiates natural beauty which is continued within the buildings. The main house includes a kitchen with an original fireplace and a ceiling of traditional reeds, offering a warm and inviting atmosphere.
To one side, are bedrooms, one with an en suite bathroom and an additional bedroom with a separate bathroom.
On the opposite side is a cosy living room, enhanced by a lovely wood fire and an elegant dining room. French windows lead to...
The land radiates natural beauty which is continued within the buildings. The main house includes a kitchen with an original fireplace and a ceiling of traditional reeds, offering a warm and inviting atmosphere.
To one side, are bedrooms, one with an en suite bathroom and an additional bedroom with a separate bathroom.
On the opposite side is a cosy living room, enhanced by a lovely wood fire and an elegant dining room. French windows lead to a splendid terrace, shaded by lush vines, which seamlessly connects to the swimming pool.
Ascending the stone staircase to the first floor there is a spacious bedroom featuring a living area, a bathroom, and a generous south-facing terrace that showcases breathtaking sea views.
The property also includes a terrace surrounding a water cistern, beautifully framed by wooden beams that support the climbing vines.
A second house features a kitchen equipped with a traditional bread and pizza oven. The spacious living room with French windows, opens directly onto the swimming pool, while the ceilings are elegantly adorned with traditional reeds. Ther is a bedroom ideal for children, another bedroom with an en suite bathroom, and on the first floor, accessible via a stone staircase, a delightful bedroom complete with its own en suite bathroom.
Third property includes a ground floor with guest bathroom, a bedroom with its own bathroom, a cosy kitchen, a comfortable living room, and an additional bedroom.
On the first floor there is another bedroom that opens onto a spacious terrace, providing yet another stunning sea view.
The property boasts a generous saltwater swimming pool, along with main sewage for part of the estate and a septic tank for another section. It is equipped with mains water and a borehole, while some rooms feature air conditioning.
Additionally, there is a convenient laundry room. The estate will be sold furnished, with pieces that complement the property's unique charm.
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This Farmhouse is located in Santa Barbara de Nexe 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.