Bright 3 bedroom Villa for sale with sea view and panoramic view views in Estoi, Algarve

749,500 EUR 644,570 GBP 809,460 USD

Reference: 246368

Bedrooms: 3
Bathrooms: 2
Floor Size: 0 m2

Features

Garden
Private Pool
Air Conditioning
Fireplace
Renewable Energy
Outbuildings
Sea View
Panoramic View
Parking
Garage
Traditional Style
Good Condition

Details

In excellent condition throughout, this beautifully presented 3 bedroom south facing detached villa, is set within a wonderful established garden facing the coastline, in a quiet and peaceful countryside setting, yet just 10 minutes east of the historical town of Estoi and 15 from Moncarapacho.

Set out over 2 floors, features include: main entrance leading into an inner hallway with a marble staircase leading to the first floor accommodation and double doors into the open plan living room with a log burner and patio doors accessing the covered terrace all with south facing aspects, dining room again south facing which leads into a fitted kitchen with granite work tops and with integrated appliances including an electric hob, fan assisted oven and dishwasher, The property also benefits from an outdoor utility room with a washing machine and tumble dryer and the housing for the solar hot water reserve. From the main hallway there is access to an inner hallway which leads to the ground floor accommodation comprising of a double bedroom with fitted wardrobes and with air conditioning and a twin bedroom again with fitted wardrobes and with air conditioning. Both bedrooms have access to the recently upgraded family bathroom. Addition storage room under the stairs.

Stairs lead to the first floor accommodation comprising of a bright and spacious master bedroom with a south facing aspect, patio doors accessing this wonderful terrace with 180 degree views of the coastline and countryside. The master benefits from air conditioning, fitted wardrobes and a recently upgraded en-suite shower room.

The property has excellent access via a tarmac road and then direct access through electric gates in to a beautiful oasis of mature trees and shrubs, natural stone cobbled driveway leads to the property with plenty of parking and turning point. Fully fenced and walled with a tranquil feeling from the location and the maturity of the garden with a lawn section, trees and shrubs, automatic irrigation system with the use of its own bore hole, a lovely south facing terraced area leading to the heated swimming pool with pool cover. The property also has its own family orchard with various types of fruit trees. The property is very economical to run with the property owners investing in new double thermal glazing, air conditioning, solar hot water system and the great use of photovoltaic recharge solar panels for electricity generation and its own bore hole. Garage.

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.