Bright 4 bedroom Villa for sale with panoramic view and countryside view views in Loule, Algarve

3,600,000 EUR 3,268,000 GBP 4,104,000 USD

Reference: 246089

Bedrooms: 4
Bathrooms: 5
Floor Size: 390 m2
Plot Size: 0.98 hectares / 2.43 acres

Features

Terrace
Garden
Private Pool
Air Conditioning
Fireplace
Countryside View
Panoramic View
Quiet Area
Parking
Traditional Style
Good Condition

Details

Grand and spacious 4 bedroom villa, which is beautifully nestled in a quiet and peaceful rural setting on the outskirts of the picturesque town of Loule.

This charming villa, which is an oasis offering absolutely stunning views over the countryside and sea, is perfectly located for those seeking tranquility whilst being able to easily reach all hot spots around central Algarve, within a short drive.

The villa is a stimulus for all the senses, decorated with very good taste, turning the house into a very cosy place and ready to move into. It is a harmonious home featuring spacious rooms, plenty of natural light and flowing transitions between indoor and outdoor spaces with generous terraces and landscaped gardens.

Access to the house is via a very authentic courtyard with a small fountain, beautiful gardening and a dining area, providing a pleasant welcome area which leads to the main entrance door.

Ground floor: welcoming entrance hall, living room with large windows and a cosy fireplace offering views over the pool and countryside, large kitchen with a dining area that also opens up to the outside terrace. In the back of the kitchen there is a laundry area and a separate pantry. En-suite master bedroom with access to the terrace and with a large walk-in wardrobe and a spacious bathroom.

First floor: 3 en-suite bedrooms with built-in closets and air conditioning. 1 of the bedrooms offers a spacious private terrace with stunning views over the nature.

Basement: antechamber room, pleasant wine cellar and a storage room.

Further highlight of the property is its immaculate outside area offering the perfect setting to enjoy to its fullest what the landscape has to offer: Beautiful well maintained gardens, a large heated swimming pool with panoramic views over the nature, a spacious terrace with plenty of space for relaxation areas, a charming pergola to enjoy alfresco dining, a campfire barbecue area with stone seating.

The property offers plenty of outside parking space such as a covered carport for 2 cars.

With its warm, high quality and authentic construction, it offers the perfect setting for a dream villa in the Algarve.

Features:
- Build size: 390m2 and plot size: 9,849m2
- Heated swimming pool with electric covers
- Electric gate
- Parking space with carport
- Countryside and sea views
- Fully fenced plot
- Central air-conditioning and water radiators
- Central heating
- Fireplace
- Alarm system
- Automatic irrigation
- Borehole
- Septic tank
- Close to all amenities: 10 minutes from Loule, 25 minutes from beaches and golf courses, 20 minutes from Faro airport

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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.