Spacious 3 bedroom Villa for sale with panoramic view in Vilamoura, Algarve
This superb property presents a wonderful opportunity to acquire a west facing semi-detached villa in one of the Algarve's most desirable locations, ready to be reimagined and updated to suit your own taste and lifestyle. With a well-conceived layout and a fantastic location, this is a property where a little vision goes a long way.
The villa comprises three bedrooms, each with its own en-suite bathroom, offering a spacious and private layout ideal for family living. A guest WC on the ground floor and ample storage (could be converte...
This superb property presents a wonderful opportunity to acquire a west facing semi-detached villa in one of the Algarve's most desirable locations, ready to be reimagined and updated to suit your own taste and lifestyle. With a well-conceived layout and a fantastic location, this is a property where a little vision goes a long way.
The villa comprises three bedrooms, each with its own en-suite bathroom, offering a spacious and private layout ideal for family living. A guest WC on the ground floor and ample storage (could be converted to another en-suite room ) add valuable everyday practicality.
At the heart of the home is a large, open-plan living room and dining area with fitted and equipped kitchen, a bright, versatile space just waiting to be given a fresh, modern feel.
Outside, a paved garden area surrounds a private salt water swimming pool, offering a lovely area for al fresco living and entertaining.
Ideally located close to golf courses, the Marina, beaches and a wide choice of restaurants and amenities, this villa presents an exciting opportunity for those looking to put their own stamp on a home in one of the Algarve's most established resort areas.
Distance to airport: 24 kms
Distance to Marina: 3 kms
Distance to Golf: 3 Kms
Distance to Supermarket: 1 Km
Distance to beach: 4.5 kms
Distance to Restaurants: 500 m
Distance to Tennis: 1 Km
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Where is this property?
This Villa is located in Vilamoura 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.