Contemporary 4 bedroom Villa for sale with sea view and panoramic view views in Albufeira, Algarve
2,500,000 EUR
2,150,000 GBP 2,700,000 USD
Reference: 245118
- Bedrooms: 4
- Bathrooms: 5
- Floor Size: 722 m2
Features
- Terrace
- Garden
- Private Pool
- Air Conditioning
- Renewable Energy
- Elevator
- Sea View
- Panoramic View
- Quiet Area
- Parking
- Contemporary Style
- Good Condition
Details
Bright ans spacious newly built 4 bedroom Algarve, located in a quiet setting close to Albufeira.
This property offers ample outdoor space, including a beautifully landscaped garden and a private swimming pool, and is located close to the beach and with numerous dining options nearby.
2 of the bedrooms, a spacious living room, and a fully equipped kitchen are located on the ground floor, with direct access to the garden and swimming pool. The remaining 2 bedrooms are located on the first floor and have access to a terrace with breathtaking sea views.
There is a large underground garage with a lift that goes to the rooftop terrace, with breathtaking views of the sea, Algarvian hills and surrounding countryside.
Plot Area: 1,071m2 | 11,526 sq ft
Area: 722m2 | 7,772 sq ft
Deployment Area: 215m2 | 2,314 sq ft
Building Area: 722m2 | 7,772 sq ft
Bedrooms: 4
Bathrooms: 5
Garage: 8
Energy efficiency: A
FEATURES:
Swimming pool
Terrace
Garden
Backyard
Air conditioning
Central heating
Underfloor heating
Equipped Kitchen
Laundry
Solar panels
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.
About Us
We are a free, international and independent luxury real estate company delivering a bespoke service to discerning buyers and sellers globally.