Immaculate 2 bedroom Villa for sale with panoramic view in Coto, Caldas da Rainha, Central Portugal
Situated in a sought after area close to the city of Caldas da Rainha on the Silver Coast, this lovely property has been designed to offer bright and spacious rooms with clean lines and plenty of natural light.
The open plan living room (36m2) is a great space, ideal for dining and relaxing and includes a fully fitted kitchen area with peninsular and built in appliances. Doors lead to the bedrooms and a family bathroom.
The master suite includes fitted wardrobes and an en suite shower room, and the second bedroom also has fitted wardrobes. Both hav...
Situated in a sought after area close to the city of Caldas da Rainha on the Silver Coast, this lovely property has been designed to offer bright and spacious rooms with clean lines and plenty of natural light.
The open plan living room (36m2) is a great space, ideal for dining and relaxing and includes a fully fitted kitchen area with peninsular and built in appliances. Doors lead to the bedrooms and a family bathroom.
The master suite includes fitted wardrobes and an en suite shower room, and the second bedroom also has fitted wardrobes. Both have French doors to the outside.
The construction includes high quality insulation, solar hot water and double glazed windows and doors creating a comfortable home with low running costs.
The house is set in a sunny, level plot (430m2) with the possibility to create a unique garden.
An electric gate will lead to the driveway with parking for several cars, and a gazebo which can be used as a carport - alternatively, you can make use of the allocated off road parking which is available in the street, allowing the gazebo to be used for leisure purposes.
In a quiet residential location with excellent cafes and restaurants within walking distance, this stylish property is ideal as a full time residence or a perfect lock up and leave holiday home.
The centre of Caldas da Rainha is just a 5 minute drive, the beach at Foz do Arelho less than 15 minutes and Lisbon airport only 45 minutes.
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This Villa is located in Caldas da Rainha 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.