Stylish 3 bedroom House for sale with lake or river view in Almancil, Algarve

1,525,000 EUR 1,311,500 GBP 1,647,000 USD

Reference: 246296

Bedrooms: 3
Bathrooms: 3
Floor Size: 206 m2
Plot Size: 331 m2

Features

Balcony
Terrace
Roof Terrace
Garden
Communal Pool
Air Conditioning
Fireplace
Lake or River View
South Facing
Parking
Good Condition

Details

Enjoying scenic lake views from the roof terrace of its sought after South facing location in Almancil, is this bright and spacious 3 bedroom villa with beautiful communal gardens and pool.

This truly delightful property is in a privileged location within the popular Lakeside Village development, with great views across the lake and the condominium gardens.

Facing south, it comprises of a bright entrance hall, which gives access to one bedroom with en-suite shower room, the fitted kitchen and the open-plan living and dining area with fireplace and sliding doors to the sunny terraces and covered barbecue area.

The first floor has 2 en-suite bedrooms linked by a terrace, that has been partly converted into a lovely conservatory with pretty views of the lake. A sofa bed to accommodate one extra guest can be arranged in this room.

On the top level is a roof-terrace laid out in decking and with wooden pergola covering, which benefits from breathtaking views across the lake and the Ria Formosa.

This villa is part of a condominium of 7 linked/semi detached villas which share a private pool, surrounded by a sunbathing terrace and beautifully maintained gardens, providing exclusivity and relaxation with reduced running costs.

It is close to all amenities of Quinta do Lago, including the lake and the brand-new Campus Sport Centre.

Show Map

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.