Lovingly Maintained 4 bedroom Villa for sale with countryside view in Lagos, Algarve
The villa has been finished to a very high standard with underfloor heating and air conditioning throughout, it really is a villa that needs to be viewed to be appreciated.
This beautifully appointed traditional-style villa is situated amongst a small development of similar exclusive villas in a secluded rural location. It sits within a good-sized enclosed plot with beautifully mature gardens automatically irrigated via a borehole.
Entrance to the villa is through the electric gate onto a cobbled drive where there is plenty of parking spaces ...
The villa has been finished to a very high standard with underfloor heating and air conditioning throughout, it really is a villa that needs to be viewed to be appreciated.
This beautifully appointed traditional-style villa is situated amongst a small development of similar exclusive villas in a secluded rural location. It sits within a good-sized enclosed plot with beautifully mature gardens automatically irrigated via a borehole.
Entrance to the villa is through the electric gate onto a cobbled drive where there is plenty of parking spaces plus a closed garage. The covered barbecue area and outside summer kitchen is a wonderful feature which can be used even during the cooler months by rolling down the blinds and firing up the log burner.
The large master bedroom, set away from the other bedrooms, is a king size double bedroom suite with en-suite bath and shower room, dressing room, office area, small sitting area and patio door access to pool terrace. 2 of the other bedrooms also has access to the pool terrace. The double bedroom has an en-suite bathroom and the other 2 twin bedrooms with en-suite shower rooms. The spacious, light filled, fitted kitchen has black siltstone work-tops and is equipped with 2 ovens, microwave, fridge, dishwasher and air conditioning and, also boasts a utility room with washing machine and American style fridge freezer. The spacious and bright living dining room has a fireplace, with triple patio door access to pool terrace. There is a separate cloakroom.
The swimming pool (9 x 4m) is also heated and has a roller pool cover. The villa is also fitted with an alarm system.
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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.