Bright 5 bedroom Villa for sale with panoramic view in Carvoeiro, Algarve

1,690,000 EUR 1,453,400 GBP 1,825,200 USD

Reference: 245635

Bedrooms: 5
Bathrooms: 4
Floor Size: 268 m2

Features

Balcony
Terrace
Garden
Private Pool
Fireplace
Panoramic View
Parking
Garage
Traditional Style
Good Condition

Details

Fantastic 5 bedroom villa set on a 1,500m2 plot with a swimming pool, situated within one of the most highly sought after developments, which is located between Lagoa and Carvoeiro.

Built with high quality materials, the villa has a central vacuum, large double glazed windows, central heating and air conditioning.

The entrance hall sets the tone with its unique style, which is present throughout the house. There is a spacious living room with a fireplace and dining room with lots of natural light, both with balconies and access to the heated pool. Also on this floor, there is a magnificent en-suite bedroom with a whirlpool bath, another bedroom that can be used as an office, a spacious equipped kitchen, pantry and laundry room.

Upstairs: 3 bedrooms, 1 of which is en-suite with a hydromassage bath, and a large balcony, which gives access to the outside pool area via stairs. 1 of the bedrooms has access to a balcony with access to a terrace at the top of the villa, with stunning panoramic views.

Outside: pool area, a well-kept garden, 1 car garage, additional covered space for 2 cars and a large outside space for additional parking.

Located less than 10 minutes from the Nobel International School, 5 minutes from several golf courses as well as beaches and with all the amenities such as supermarkets, restaurants and services nearby, this property is an excellent choice for investment. It is also 45 minutes from Faro International Airport.

CHARACTERISTICS:
Plot Area: 1,500m2 | 16,146 sq ft
Useful area: 536m2 | 5,769 sq ft
Deployment Area: 268 m2 | 2,885 sq ft
Bedrooms: 5
Bathrooms: 4
Garage: 3
Energy efficiency: C

FEATURES:
5 Bedrooms. Equipped kitchen. Fireplace. Air conditioning. Central heating. Whirlpool bath. Balcony/terrace. Garden. Heated swimming pool. Garage.

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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.