Quiet 6 bedroom Villa for sale with panoramic view in Santa Catarina da Fonte do Bispo, Algarve

1,400,000 EUR 1,204,000 GBP 1,512,000 USD

Reference: 246013

Bedrooms: 6
Bathrooms: 6
Floor Size: 172 m2
Plot Size: 3.6 hectares / 8.9 acres

Features

Quiet Area
Parking
Garage
Traditional Style
Good Condition
Terrace
Garden
Private Pool
Air Conditioning
Fireplace
Renewable Energy
Possible Extra Dwellings
Outbuildings
Potential for Income
Panoramic View

Details

Situated in a quiet setting in Santa Catarina da Fonte do Bispo and with stunning far reaching views, this superb villa is set within a large plot of 36,000m2 with a swimming pool and has a living area of 172m2.

Main house:
Ground floor: living/dining room, fully fitted and equipped kitchen with a utility room and 2 bedrooms with 2 bathrooms, 1 of which is en-suite.

First floor, which is accessible via the outdoor tower staircase:a studio with a kitchenette and bathroom with panoramic views over the garden, pool and natural surroundings.

Guest cottage, which is located below the main house: 2 en-suite bedrooms.

The property has large terrace areas that are partially covered and offer beautiful views of the mountains.

There is a wonderful terrace with a heated swimming pool, covered living room area to chill and a barbecue surrounded by an idyllic garden with bougainvillaea, fruit and olive trees.

Stairs and a separate driveway lead to a wooden chalet with a bedroom, kitchenette and bathroom with a romantic terrace surrounded by the tranquillity of pure nature.

There is unspoiled idyllic nature and birds singing all around this wonderful family home or retreat with rental income.

Other features include: hot/cold air conditioning, solar and photovoltaic panels producing its own electricity, borehole, garage, outdoor lightening and storage.

Air conditioning
Fireplace
Pool
Garden
Terrace
Garage
Roof terrace
Extra accommodation
Income potential

Show Map

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.