Immaculate 6 bedroom Villa for sale with panoramic and countryside views in Loule, Algarve
Completely renovated in 2018 with no expense spared, using top quality materials throughout, creating a sophisticated and luxurious home, the property is incorporated in a large plot, offering a very tranquil living experience with incredible sea views, yet is close to all amenities.
Approaching the property down the grand calcada driveway brings you to a large parking area and a double garage.
Upon entering the house there is a spacious open plan living area through ...
Completely renovated in 2018 with no expense spared, using top quality materials throughout, creating a sophisticated and luxurious home, the property is incorporated in a large plot, offering a very tranquil living experience with incredible sea views, yet is close to all amenities.
Approaching the property down the grand calcada driveway brings you to a large parking area and a double garage.
Upon entering the house there is a spacious open plan living area through the entrance hallway, comprising a living room with a cosy wood burning stove, a dining area and kitchen, fitted with state of the art appliances, and a utility room. The living area is bathed in natural light and offers direct access to a large south facing terrace.
Also on this floor are three generous bedrooms, each with their own bathroom and each with a private terrace.
On the first floor is the grand master suite, comprising a bedroom, a separate walk in wardrobe, a superb bathroom and a living room. This suite has great sea views and also a private terrace.
On the lower ground floor there is a complete apartment with two further bedrooms, a bathroom, wine cellar, workshop, games room, and offers direct access to the pool terrace, which has a bathroom and barbecue area. The apartment also has an independent entrance door, making it a great space for guests to stay.
The grounds of the property are beautifully designed with many mature specimen trees, and also include a building plot with the possibility to construct another property.
This is a rare opportunity to purchase this very unique Quinta.
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This Villa is located in Loule 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.