5 bedroom Villa for sale with sea view with Income Potential in Quinta das Raposeiras, Santa Barbara de Nexe, Algarve

Beautifully presented and spacious 4 bedroom single storey villa with separate 1 bedroom apartment, nestling in one hectare of lush mature gardens with expansive pool, while enjoying panoramic sea views from its peaceful location on the popular hillside of Quinta das Raposeiras.

Situated just outside Santa Barbara de Nexe, a quaint village equidistant between Faro, Loule and Sao Bras de Alportel and just a 5 minute drive from Mar Shopping. 20 minutes from Faro international airport and the beaches and golf courses of Quinta do Lago and Vale do Lobo.

Accessed via electric gates leading onto a long driveway, this superb villa is entered via double doors opening into the hallway with a feature brick ceiling and views of the ocean through the arched glass doors on the south side of the hall. A guest WC and airing cupboard and boiler room/cloakroom are off the hall.

The house is horseshoe shaped with the hall in the middle, to the east is the living room with Fogo Montana wood burning stove, large patio doors leading to the terrace and pool beyond, the separate dining room and spacious breakfast kitchen with walk in pantry and patio doors to the terrace. The kitchen leads into the separate laundry room and a guest bedroom suite.

To the west are 2 further guest bedroom suites and the large master bedroom suite with bathroom and walk in wardrobe.

There is a self contained guest apartment with its own independent driveway, parking and entrance, it is also wheelchair accessible.
The apartment consists of an open plan living/dining/kitchen and the 5th bedroom and bathroom.

A large basement area provides storage space, log store and the boiler and oil tank for the central heating.

The joinery throughout the house is luxurious American cherry wood. The house has mains water, 2 metres, 1 for the house and 1 for the garden, and a septic tank.

A quality restaurant is within a 3 minute walk and tennis and padel courts are at the top of the hill, a 10 minute walk.

- Swimming pool 11 x 5m, mosaic tiled with natural stone surround, LED
lighting
- Covered pool terrace, barbecue, dining area with light and power, sink
and work surface
- Car port
- Extensive calcada driveways with parking for multiple cars
- Boules lawn with artificial grass
- Double glazing throughout with fly screens to selected windows
- Electric sun blinds over the patio doors of the living room and master
bedroom
- Reverse cycle air conditioning throughout
- Oil fired central heating throughout the main house with radiators
- Underfloor heating in main bedroom, walk in wardrobe and the annex
- Fogo Montana log burning fireplace with automated fan assist yielding
11Kw
- Roof insulation with LECA beads and heat vents
- Patch panel plus Cat 4 internet cabling or satellite throughout the house
- Fibre optic cable connection providing support for multiple TVs and
computers
- Telephone landline and VOIP
- Alarm system both internal and external sensors
- Multi-zone programmable irrigation system
- Thermostats on all radiators
- Boiler programmable via radio remote control
- Solar panels for hot water supported by an immersion heater
- Water pump automated to aid instant hot water in bathrooms
- LED down lighters in all rooms
- Dimmer switches in the living room and hallway
- Automated LED lighting to the outside perimeter and gateposts
- Electric gates
- Entry phones in the hallway, bedroom and pool side terrace.

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Features

Reference248029

Price2,150,000 EUR

Bedrooms

5

Bathrooms

5

Floor Space

419.0m2

Land Area

1.0 Ha

Fees Paid By Seller

It does not cost you anything to purchase this property through us

Air Conditioning

Existing in one or more rooms

Fireplace

Has open fireplace or woodburner

Garden

Has landscaped garden space

Terrace

Terraced outside space

Private Pool

Has private swimming pool

Land

Additional meadow / pasture / non-gardened land

Single Storey

On one level

Golf Resort or Nearby

Within a golf resort or close to courses

Multiple Dwellings

Includes 2 or more habitable buildings

Potential for Income

Existing or suitable conditions for income

Parking

Has vehicle parking

Renewable Energy

Has solar, wind, hydro or other renewable power

Good Condition

Walk to Amenities

Shops and other amenities within easy walking distance

Sea View

Full or partial view of the sea

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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.