Refurbished 2 bedroom Villa for sale with panoramic view and countryside view views in Loule, Algarve

279,000 EUR 239,940 GBP 301,320 USD

Reference: 246846

Bedrooms: 2
Bathrooms: 1

Features

Garden
Private Pool
Fireplace
Countryside View
Panoramic View
Parking
Traditional Style
Good Condition

Details

Stunning 2 bedroom south-facing villa, with lovely views overlooking the new Ombria Golf Resort, situated on an elevated plot in the village of Tor, just 10 minutes from Loule and 15 minutes to the coastline of Vilamoura and the Golden Triangle.

Overlooking the new luxury golf resort of Umbria, this property offers a great opportunity for a permanent residence or a great holiday/rental investment.

Recently fully updated and renovated throughout offering good size accommodation all around and set within a south facing position, features include: 2 double bedrooms, family shower room, living room with patio doors and a fully fitted modern kitchen.

There is also a terraced patio with a plunge pool, additional outside parking, storage and the benefit of a roof terrace. Amazing sunrises and sunsets.

The Property is laid out on one floor as follows:
Accessed via a local village tarmac road with private off-street parking. Enter the property through a fully glazed front door into an open plan living room with a log burner and fully fitted modern kitchen. Off the living room, there is a family shower room with underfloor heating and an inner hallway accessing the 2 double bedrooms. The property has benefited from a full renovation including a new insulated roof, new double glazed windows and doors, all internal and external rendered walls, electric's and plumbing throughout.

Outside: the property is fully fenced to the south side with a terrace and raised garden areas and with a plunge pool, to the rear of the property there is an adjoining fully fenced compound area with access to the utility room and stairs leading to the roof terrace. Additionally, there is private off-street parking and storage areas.

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Portugal Property Buying Guide

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.