Quiet 3 bedroom Villa for sale with sea and panoramic views in Boliqueime, Algarve
This charming 184m2 property enjoys an enviable peaceful and private setting. Set in a generous plot of almost an acre, surrounded by greenery.
It features three bedrooms, two of which are en suite, and four bathrooms, an open-concept kitchen, a dining area, and a living room. The bright interiors create a pleasant connection with the outdoor spaces.
Outside, the pool, three terraces, and spacious recreational areas are perfect to enjoy the Algarve climate, while the south...
This charming 184m2 property enjoys an enviable peaceful and private setting. Set in a generous plot of almost an acre, surrounded by greenery.
It features three bedrooms, two of which are en suite, and four bathrooms, an open-concept kitchen, a dining area, and a living room. The bright interiors create a pleasant connection with the outdoor spaces.
Outside, the pool, three terraces, and spacious recreational areas are perfect to enjoy the Algarve climate, while the south-east orientation ensures excellent sun exposure throughout the day.
Built in 1998 and partially renovated in 2012 and 2022, the villa offers a range of comfort features, including double-glazed windows, exterior thermal insulation, a pellet fireplace, and solar panels for water heating.
It also features two wells, a 42 m and 2 outbuilding, and two covered parking spaces.
It also stands out for its potential to expand the living area up to 300m2, subject to the necessary permits.
Just a few minutes from Vilamoura, the beaches, golf courses, marina, and amenities, this property is an excellent choice for a permanent residence, holiday home, or investment, with potential for tourist use in accordance with applicable laws.
Plot Area: 3,954 m2 | 42,561 sq ft
Area: 184 m2 | 1,978 sq ft
Useful area: 130 m2 | 1,399 sq ft
Deployment Area: 170 m2 | 1,830 sq ft
Garage: 2
Energy efficiency: B-.
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This Villa is located in Boliqueime 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.