Grand 7 bedroom Villa for sale with sea view in Parede, Central Portugal
Set in a manageable plot of 877m2 in Alto da Parede, this villa requires some modernisation works. With an excellent sea view, sun exposure it is found in a very quiet square with a feel of being far from the bustle of the village but very close to all sorts of local business (Banks, supermarkets, pharmacy, cafes and restaurants etc). T
he villa is surrounded by a beautiful garden with a swimming pool where you can enjoy total privacy.
It is spread over 3 floors:
Ground Floor - Spacious Entry Hall - guest wc - kitchen equipped with some household ...
Set in a manageable plot of 877m2 in Alto da Parede, this villa requires some modernisation works. With an excellent sea view, sun exposure it is found in a very quiet square with a feel of being far from the bustle of the village but very close to all sorts of local business (Banks, supermarkets, pharmacy, cafes and restaurants etc). T
he villa is surrounded by a beautiful garden with a swimming pool where you can enjoy total privacy.
It is spread over 3 floors:
Ground Floor - Spacious Entry Hall - guest wc - kitchen equipped with some household appliances and with access to the dining room - Dining room - Living room with fireplace and direct access to a fabulous terrace - two bedrooms, both with direct access to a fantastic balcony - A support bathroom - A suite with closet and direct access to a great balcony
First floor - Spacious office in mezzanine - A support bathroom - storage area - a bedroom - A support bathroom - a suite with closet
Floor -1 ( with natural light and access to the garden)7 - Large dimensioned Open Space that is currently converted into a leisure area/ Gym but can easily be converted into a fantastic suite - a bedroom - A support bathroom - laundry area - Technical Area - storage area - Pantry - Garage for 2 or 3 cars
Parede a desirable district in the municipality of Cascais and renowned for the famous beach of Avencas and Carcavelos, with extensive sand and the practice of numerous sports such as surfing.
This location is characterised by its proximity to Lisbon and its access facilities (motorway and public transportation). It is also an important centre of education, as there are two campuses of the Nova University of Lisbon: the NOVA School of Business and Economics and the NOVA Medical School.
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This Villa is located in Parede 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.