Spacious 4 bedroom Villa for sale in Louredo, Central Portugal
This is a true haven for those seeking quality of life and exclusivity, with large spaces bathed in natural light, in which each room has been designed to provide well-being and functionality.
The private area of this property includes four magnificent suites, all with excellent finishes, including marble in all the bathrooms, wooden floors and generous areas, central heating and air conditioning, providing comfort and privacy.
The real highlight of this property though are its social areas: on the first floor, the living room and dining room, extreme...
This is a true haven for those seeking quality of life and exclusivity, with large spaces bathed in natural light, in which each room has been designed to provide well-being and functionality.
The private area of this property includes four magnificent suites, all with excellent finishes, including marble in all the bathrooms, wooden floors and generous areas, central heating and air conditioning, providing comfort and privacy.
The real highlight of this property though are its social areas: on the first floor, the living room and dining room, extremely comfortable and bright, have a cosy and elegant atmosphere; the kitchen, in turn, is modern and fully equipped, combining design and practicality, ideal for family gatherings or friends.
In the basement there is a distinctive space with a bar, games area, wine cellar, TV room and gym, perfect for entertaining or simply relaxing in comfort, plus a large laundry room and a wc.
The exterior is very nicely laid out: a vast, meticulously tended garden surrounds the house, creating an atmosphere of tranquillity and beauty, with an automatic irrigation system.
There is also a magnificent swimming pool with a covered outdoor living room area, equipped with a kitchen and a guest wc, ideal for enjoying sunny days in total privacy.
The garage has capacity for three cars.
All in excellent condition and where top quality materials and finishes have been used, reflecting exemplary care in every detail.
About 25 minutes from Porto.
Plot Area: 1,650 m2 | 17,760 sq ft
Deployment Area: 255 m2 | 2,745 sq ft
Building Area: 530 m2 | 5,702 sq ft
Energy efficiency: B-
FEATURES:
• Central heating;
• Air conditioning;
• Marble in bathrooms;
• Fireplace;
• Swimming pool.
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Where is this property?
This Villa is located in Louredo 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.