Authentic 4 bedroom Villa for sale with countryside view in Bensafrim, Lagos, Algarve
Situated just 10 minutes from the vibrant town of Lagos, this characterful country property offers a rare opportunity to enjoy the space, freedom and lifestyle of a smallholding while remaining within easy reach of the western Algarve's many attractions and amenities.
The property sits on a generous plot with a wide variety of established fruit trees and excellent potential for further agricultural development, including the creation of a productive market garden. With its own borehole and mains electrici...
Situated just 10 minutes from the vibrant town of Lagos, this characterful country property offers a rare opportunity to enjoy the space, freedom and lifestyle of a smallholding while remaining within easy reach of the western Algarve's many attractions and amenities.
The property sits on a generous plot with a wide variety of established fruit trees and excellent potential for further agricultural development, including the creation of a productive market garden. With its own borehole and mains electricity, the property already has some of the essential infrastructure for a self-sufficient rural lifestyle.
Accommodation is arranged over two floors. On the ground floor, there is a fully equipped farmhouse-style kitchen, a welcoming living room with a feature fireplace, two bedrooms and a family bathroom.
The first floor, which has an independent entrance and is currently used as an occasional holiday rental, provides additional flexible accommodation. There are two bedrooms, one of which is currently arranged as a living room, together with a large semi-covered terrace offering a wonderful outdoor space for relaxing and dining. A staircase from the terrace leads directly down to the garden.
Adding further versatility, the property also benefits from four separate storage rooms. These could provide valuable additional accommodation, subject to any necessary permissions, or could be adapted for use as workshops, studios, storage areas or animal facilities.
Whether your vision is to create a smallholding, develop a market garden, generate additional rental income or simply enjoy a spacious country home close to the coast and the lively atmosphere of Lagos, this property offers considerable potential.
A wonderful opportunity to embrace a rural Algarve lifestyle, with the convenience of Lagos just a short drive away and the beaches, restaurants, golf courses and other attractions of this beautiful region all within easy reach.
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This Villa is located in Lagos 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.