Stylish 6 bedroom Villa for sale in Almancil, Algarve
This modern and sophisticated 6 bedroom property comes with generous living space of 273m2 spread over 2 floors.
It includes 6 bedrooms, 3 of which are en suite, including a master suite with walk-in wardrobe and views of the garden and pool.
Fully renovated, the villa is equipped with Mitsubishi air conditioning, an electric fireplace and photovoltaic panels, guaranteeing excellent energy efficiency.
The kitchen, equipped with AEG appliances, combines functionality a...
This modern and sophisticated 6 bedroom property comes with generous living space of 273m2 spread over 2 floors.
It includes 6 bedrooms, 3 of which are en suite, including a master suite with walk-in wardrobe and views of the garden and pool.
Fully renovated, the villa is equipped with Mitsubishi air conditioning, an electric fireplace and photovoltaic panels, guaranteeing excellent energy efficiency.
The kitchen, equipped with AEG appliances, combines functionality and aesthetics, while the lower floor has been designed for leisure, with a games room, bar and living room area.
The terrace provides a unique setting, with a living room area, outdoor dining space and a, heated saltwater swimming pool.
The property also has a double garage, parking and a garden that ensures total privacy.
The Thai-inspired design, with sophisticated and welcoming elements, gives the villa a serene and luxurious atmosphere.
The ideal place for those who want to enjoy tranquillity without sacrificing proximity to the best services and amenities.
Perfect for both private residence and rental, this villa is close to the Algarve and beaches and the region's renowned golf courses.
Plot Area: 835 m2 | 8,988 sq ft
Deployment Area: 273 m2 | 2,939 sq ft
Building Area: 546 m2 | 5,877 sq ft
Garage: 2
Energy efficiency: D.
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This Villa is located in Almancil 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.