Modern 6 bedroom Villa for sale with panoramic view in Boliqueime, Algarve
This modern and expansive 750m2 villa near Boliqueime benefits from its tranquil setting to provide a wonderful country oasis, ideal to fully embrace the Algarve lifestyle.
The ground floor comprises on a welcoming entrance hall with staircase, an open-plan fully fitted kitchen with an island, a generous dining/living area with a cosy double sided fireplace facing also an extra living room/snug room, two bedroom with en-suite bathroom, fitted wardrobes and access to private terraces. A laundry room and a guest wc complete the ground floor area.
On the upper floor there are four further bedrooms, three bedrooms with en-suite bathrooms and access to a sunny terrace. The bedroom in the centre is an elegant master suite with an open design en-suite bathroom, a spacious dressing room and a private terrace.
The basement comes with a large garage with space for up to six cars with electric charging station. There are also three extra rooms which can be used as private gym, games room or cinema area.
The house overall offers an ambudance of natural light flowing in through the various windows and doors which open out onto the terrace and pool area. This leads out to the outside area where there is a swimming pool with plenty of space for sunbathing, a characterful covered barbecue area with beautiful panoramic views.
Features include:
- Underfloor heating & cooling system with solar back-up
- Pre-installed air conditioning
- Solar panels for hot water system
- Double glazed windows
- Borehole with individual water storage tanks
- Large garage
- South facing elevated sea views
Features
Fees Paid By Seller
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This Villa is located in Boliqueime 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.