Unique 7 bedroom Villa for sale with sea view in Santa Barbara de Nexe, Algarve
Situated near all the amenities around Loule and Faro, and the beaches of Vale do Lobo and Quinta do Lago, this is a very peaceful property with space and charm.
It is divided in 2 parts; the private tract and the guest tract. In the private tract is a large living room with a superb sea view, a dining room with a special ceiling and a hall with hand painted tiles. The kitchen is separated from the dining ...
Situated near all the amenities around Loule and Faro, and the beaches of Vale do Lobo and Quinta do Lago, this is a very peaceful property with space and charm.
It is divided in 2 parts; the private tract and the guest tract. In the private tract is a large living room with a superb sea view, a dining room with a special ceiling and a hall with hand painted tiles. The kitchen is separated from the dining room. There are also 2 bedrooms and 2 bathrooms. The private tract is separated from the guest tract by a porch giving access to the swimming pool, the terraces and the sea views.
The guest tract is composed of a living and dining room with a kitchen with a very special fireplace, 2 bedrooms, a bathroom and a private terrace. There is also a supplementary guest part composed of one living and dining room and kitchen with 3 bedrooms.
A big insulated roof terrace offers stunning panoramic views over the property down to the coast line from Vilamoura to Olhao.
There are several terraces all around the castle: near the swimming pool, at the rear of the house south oriented and at the west side. The swimming pool is 10 m on 6 m, heated and with a cover.
The main water is connected ; there are 2 boreholes of 300 m deep. Great care was taken to maintain the original features of the property with Portuguese artefacts and antiques whilst offering the modern comfort in order to make it the ideal family home or holiday retreat.
The property has been deeply renovated over the years with insulation of the roof and of certain walls, new security double glazing windows, new air conditioning, new heat pump and double glazing.
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This Villa 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.