Spacious 5 bedroom Villa for sale with sea view in Parede, Central Portugal
This exclusive 320m2 property sits in a mature plot of 645m2 with 505m2 of built area, located in a quiet residential area of Parede, enjoying unobstructed views.
Distributed over three floors plus a basement, this property stands out for its generous living spaces, excellent sun exposure, and high-quality construction features.
Ground Floor:
Entrance hall;
Guest bathroom with shower;
Bedroom, ideal as a guest room or home office;
Spacious living ro...
This exclusive 320m2 property sits in a mature plot of 645m2 with 505m2 of built area, located in a quiet residential area of Parede, enjoying unobstructed views.
Distributed over three floors plus a basement, this property stands out for its generous living spaces, excellent sun exposure, and high-quality construction features.
Ground Floor:
Entrance hall;
Guest bathroom with shower;
Bedroom, ideal as a guest room or home office;
Spacious living room with two distinct areas;
Dining room;
Fully equipped kitchen with pantry and dining area;
Independent laundry room.
First Floor
Two suites;
Two additional bedrooms with built-in wardrobes;
Full bathroom serving the bedrooms.
Second Floor
Large open-plan multifunctional area;
Storage space;
Exceptional terrace with magnificent sea views.
Basement
Garage with parking for 3 vehicles;
Full bathroom; Possibility of converting the garage into a games room, gym, home cinema, or other multipurpose living space.
Outside, there is a pleasant leisure area featuring a heated swimming pool powered by a heat pump, allowing year-round enjoyment.
Additional features include:
Solar panels;
Heated swimming pool;
Automatic irrigation system;
Earthquake-resistant construction;
Sea views;
Excellent indoor and outdoor areas.
A unique opportunity for those seeking comfort, privacy, and quality of life.
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This Villa is located in Parede 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.