Bright 3 bedroom Villa for sale with sea view in Loule, Algarve

850,000 EUR 731,000 GBP 918,000 USD

Reference: 244119

Bedrooms: 3
Bathrooms: 4
Floor Size: 154 m2

Features

Terrace
Garden
Private Pool
Golf Resort or Nearby
Sea View
Private
Quiet Area
Parking
Contemporary Style
Turnkey
Good Condition

Details

Detached 3 bedroom villa located in the hills of Loule.

his gem has been recently completely remodelled to the highest of standards, preserving character features of the original build while offering modern comforts and quality finishes.

This turnkey property is a rare find offering tranquility whilst being only a short drive to amenities.

The property is set on a good sized plot, with a garden, sea and mountain views and ample parking space.

Features include a fully fitted kitchen open to a generously sized living room and attractive outdoor dining and living room areas all around the property.

Completely furnished, both sea and mountain views can be enjoyed from one of the ground floor bedrooms as well as from the first floor master suite. All 3 bedrooms are en-suite.

Located just 20 minutes from the centre of Loule and 40 minutes from Faro Airport.

Plot Area: 1,073m2 | 11,550 sq ft
Useful area: 154m2 | 1,658 sq ft
Bedrooms: 3
Bathrooms: 4
Garage: 2
Energy efficiency: Certification in progress

FEATURES:
Equipped kitchen
Furnished property
Electric radiators
Pre-installation for air conditioning
Reinforced door

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.