Immaculate 4 bedroom Villa for sale with countryside view and sea view views in Vale Do Lobo, Algarve

2,850,000 EUR 2,451,000 GBP 3,078,000 USD

Reference: 244858

Bedrooms: 4
Bathrooms: 5
Floor Size: 314 m2
Plot Size: 580 m2

Features

Terrace
Garden
Private Pool
Golf Resort or Nearby
Air Conditioning
Sea View
Countryside View
Parking
Walk to Beach
Walk to Amenities
Contemporary Style
Good Condition

Details

Modern, bright and spacious 4 bedroom villa, ideally situated just a few steps from the unspoiled beach in the nature area close to Vale do Lobo.

Ground floor: open-plan living room and a fully fitted kitchen with access to 2 different outdoor areas, including a covered patio where you can create an outdoor seating area very close to the pool. The second area is at the rear of the house, closer to the kitchen, is ideal for an alfresco dining area, and there is also a generous roof terrace with sea views.

All the bedrooms are en-suite, 1 on the ground floor and the others upstairs, each with access to an outdoor space. Every room in the house has large windows, allowing for an abundance of natural light.

In an excellent location in Vale do Lobo, surrounded by golf courses and very close to the beach, with easy access to all kinds of services and amenities and about 25 minutes from Faro International Airport.

CHARACTERISTICS:
Plot Area: 580m2 | 6,243 sq ft
Useful area: 233m2 | 2,508 sq ft
Building Area: 314m2 | 3,380 sq ft
Bedrooms: 4
Bathrooms: 5
Garage: 1
Energy efficiency: A

FEATURES:
Four suites
Equipped kitchen
Heated swimming pool
Indoor garden
Roof terrace
Air conditioning
Underfloor heating
Electric blinds.

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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.