Authentic 3 bedroom Villa for sale in Lagoa, Algarve

1,300,000 EUR 1,118,000 GBP 1,404,000 USD

Reference: 245869

Bedrooms: 3
Bathrooms: 5

Features

Garden
Land
Private Pool
Golf Resort or Nearby
Fireplace
Pool View
Private
Parking
Good Condition
Single Storey
Balcony
Terrace

Details

Nestling in nearly two acres of beautiful landscaped gardens with expansive pool, is this superb 3 bedroom, single storey villa ideally located near beaches, golf courses and all amenities in Lagoa.

The mature and meticulously maintained garden, is adorned with a diverse array of shrubs and towering trees. Unwind in tranquil leisure areas scattered throughout the property, all while savouring the privacy and serenity of this secluded retreat.

A unique blend of picturesque and modern styles, the villa unveils hidden gems at every turn, exuding an aura of mystery and allure.

Upon entering the villa there is a spacious entrance hall, which leads to the leisure area with a bar and access to the balcony. The fitted and equipped kitchen with storage area and laundry, as well as the dining room and living room with fireplace, are all with plenty of natural light and very spacious.

Composed of three en suite bedrooms, there is also an extra room that currently functions as an office, but can be converted into an additional bedroom. All the bedrooms have access to the expansive balcony, providing wonderful views of the surrounding garden.

Outside, in addition to the extensive garden and terrace with a barbecue area and outdoor dining area, there is a large swimming pool.

It has an excellent location, less than 5 minutes from Lagoa and a short distance from the Nobel International School, as well as beaches and golf courses. It is also 40 minutes from Faro International Airport.

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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.