Luxury 7 bedroom Villa for sale with countryside view in Almancil, Algarve

3,500,000 EUR 3,010,000 GBP 3,780,000 USD

Reference: 244318

Bedrooms: 7
Bathrooms: 5
Floor Size: 537 m2

Features

Balcony
Terrace
Garden
Private Pool
Countryside View
Garage
Contemporary Style
Good Condition

Details

Stunning 3 storey, 7 bedroom luxury villa with pool and garden, enjoying far reaching countryside views from its peaceful location near all amenities in a sought after area of Almancil.

This fantastic property has recently been renovated with high quality materials, with a large living and dining room full of natural light and direct access to the outside, in open plan with a modern fully equipped kitchen and five bedrooms, on the first floor.

On the second floor is the magnificent master suite with a walk-in wardrobe, and this floor is also dedicated to the terraces with stunning views over the countryside.

On the lower floor of the property is a leisure area comprising of an extra living and dining room, a fully equipped service kitchen with adjacent laundry room, an en suite bedroom and a large garage with capacity for two cars.

The exterior of the property has large garden areas, a swimming pool of excellent dimensions and an outdoor dining area with a barbecue.

In an excellent location in the prestigious area of Almancil, in a quiet urbanisation but close to all kinds of amenities and services and about 25 minutes from Faro International Airport.

Energy efficiency: D

FEATURES:

Seven bedrooms Two suites Walk in closet Equipped kitchen Central heating Closed garage Terraces Garden Swimming pool Barbecue and.

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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.