Contemporary 5 bedroom Villa for sale in Valongo, Northern Portugal

2,200,000 EUR 1,892,000 GBP 2,376,000 USD

Reference: 246001

Bedrooms: 5
Bathrooms: 6

Features

Garage
Ultramodern Style
Contemporary Style
Good Condition
Terrace
Garden
Private Pool
Golf Resort or Nearby
Air Conditioning
Renewable Energy
Pool View
Quiet Area
Parking

Details

Contemporary 5 bedroom villa located in Valongo, Porto, with a total spacious living area of 466m2, plus various terraces, private swimming pool and 2,198m2 of land.

With spacious rooms and luxurious finishes, highlighting the nobility of the solid wood and natural stone that give it a unique and exclusive atmosphere. The balconies and large windows flood the house with natural light, multiplying the passage of light between the spaces.

Ground floor: living and dining room, fitted and equipped kitchen, office, bedroom and a guest bathroom.

First floor: 4 en-suite bedrooms, surrounded by a balcony with views over the garden.

Outside features several leisure areas such as swimming pool, barbecue and dining area and the extensive gardens.

Equipped with air conditioning, central vacuum, home automation, surround sound, thermal blinds, automatic irrigation system and thermal and acoustic insulation.

Located in a quiet and residential area, enjoys great road access to the city of Porto. 15 minutes from Porto International Airport and 20 minutes from the Centre of Porto.

• Plot area: 2,198m2 | 23,654 sq ft
• Deployment area: 466m2 | 5,015 sq ft
• Building area: 722m2 | 7,772 sq ft
• Bedrooms: 5
• Bathrooms: 6
• Garage: 4
• Energy efficiency: B-
• Detached house
• Air conditioning
• Underfloor heating
• Heat pump
• Gym
• Winter garden
• Swimming pool with electric hard cover
• Bore-hole
• Barbecue with wood oven
• Garden

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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.