Beachfront 3 bedroom Townhouse for sale with sea view in Praia da Luz, Algarve
From entering the main entrance, the eye is immediately drawn through this unique property out to the expanse of blue beyond.
Starting from the entrance hall, immediately to the right is the spacious kitchen re-modelled in 2019, fully equipped and finished in warm tones to a high standard. The partially open plan design of the kitchen connects the living room making it a sociable area. The L-shaped living area has a wood burning fireplace, and a comfortable dining area is set off to the side, which ...
From entering the main entrance, the eye is immediately drawn through this unique property out to the expanse of blue beyond.
Starting from the entrance hall, immediately to the right is the spacious kitchen re-modelled in 2019, fully equipped and finished in warm tones to a high standard. The partially open plan design of the kitchen connects the living room making it a sociable area. The L-shaped living area has a wood burning fireplace, and a comfortable dining area is set off to the side, which gives both the clear advantage of the stunning views whether lounging on the sofa or dining.
Extending out from the living and dining areas, a front garden and large covered terrace gives spaciousness and privacy for outdoor entertaining and soaking up the panoramic views.
Positioned at the end of a small group of townhouses, the villa benefits from an extended outdoor space wrapping around the side of the house with decking, and featuring a heated plunge pool with retractable cover, that converts to additional decking when closed.
Just behind the pool, a sauna is tucked away and also comes with sea views. Potted plants and points of landscaping add colour and harmony.
A communal pool is available and located near the main entrance to the condominium.
Back inside, on the 1st floor are the 3 double bedrooms: one en-suite bedroom with private bath, and a 2nd bedroom at the front of the property, are connected by a small terrace with sea views. the 3rd bedroom (currently used as an office) and a huge shared family bathroom are located at the back, on the same level.
Parking and storage are not in short supply; accessed by an internal staircase, in the basement is a large utility room that has the washing machine, and 2 hotwater storage tanks connected to the solar panels. Also in the basement level, an additional space has been created that spans the length of the side decking area above. This room can be used as additional storage or converted to many possibilities, for example a workshop, wine cellar, etc.
There is direct access from the basement into the communal underground parking garage, with parking for 2 cars, and at the back of the parking space is a good size lock-up store room. Hot water supply has been conveniently set up with an automated system, connecting the solar panels that include a heat pump back-up, and hot water is also generated by the wood burning fireplace. There are also solar panels for electricity and battery.
The ground level has underfloor heating and air conditioning units are installed in the living area and bedrooms.
Other technical details include heat pump for the pool, and a water softener and water pressure pump (both located in the garage).
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This Townhouse is located in Praia da Luz 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.