Renovated 3 bedroom Farmhouse for sale with sea view in Santa Barbara de Nexe, Algarve

675,000 EUR 580,500 GBP 729,000 USD

Reference: 244931

Bedrooms: 3
Bathrooms: 3
Floor Size: 185 m2
Plot Size: 0.23 hectares / 0.56 acres

Features

Terrace
Garden
Private Pool
Air Conditioning
Fireplace
Sea View
Parking
Good Condition

Details

Typical 3 bedroom renovated Quinta nestling in half an acre of beautiful landscaped garden with pool, enjoying panoramic sea views from its location in Santa Barbara de Nexe.

There is room for further improvement and has enormous capacity to be extended, located in an area which permits to build nearly 20% of the plot, meaning that the property could be extended by 500 m2.

The 185m2 property has had the roof insulated completely, double glazing throughout, a 3rd bedroom created in the basement, and a new kitchen installed.

With its historic origins, the house has a lot of charm and the current owners have tried to maintain as much as possible the characteristics of a Quinta with very old Santa Caterina tiles on the ground, some Portuguese tiles on the walls of the bathrooms and cane roof etc.

It consists of a living and dining room with a modern fitted kitchen, 2 bedrooms en suite and a new third one, en suite, in the basement.

The swimming pool was totally retiled and has a huge terrace completely oriented south-south west.

There is mains water on the street, and connection could be easily done. There is a borehole relatively deep and the pump has been changed.

The location is quiet and offers excellent sea views.

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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.