Architect Designed 7 bedroom Villa for sale with countryside view in Santa Barbara de Nexe, Algarve

2,900,000 EUR 2,494,000 GBP 3,132,000 USD

Reference: 239224

Bedrooms: 7
Bathrooms: 4
Floor Size: 500 m2
Plot Size: 1,760 m2

Features

Terrace
Roof Terrace
Possible Extra Dwellings
Potential for Income
Countryside View
Outstanding View
Parking
Good Condition

Details

With a bright and spacious living area of 500m2 and beautifully presented throughout, this superb 7 bedroom former ruins have been professionally renovated by an internationally renowned architect who has featured in several architecture and interior design magazines.

Once old ruins at the end of a dirt road, the estate is completely encompassed by nature and nestled amongst hundreds of olives, almond and cork trees. Situated in the hilly hinterland of the Algarve region, near the picturesque village of Santa Barbara de Nexe. in a calm spot in the north of Faro.

Comprising of 2 properties, which both have the same minimalist and modern atmosphere and are for sale as one magical place.

The modern architecture is dominated by strong lines, white walls and concrete, creating a bold effect in the natural environment. The construction opens itself to its surroundings using large windows and doors, rooftop terraces, multiple patios and a large courtyard that contains a partially enclosed pool. Local materials were sourced for the handmade doors, windows and shutters, in addition to the use of natural stone for the pool, kitchen counters, sinks and benches.

The rent-ability of the 2 properties reached more or less 7.5%/per annum by the seasonal renting and the photos shootings of the most fashionable company of the world.

First, there is a 4 bedroom villa, with white walls and concrete floors creating a neutral palette, with the addition of wood and textiles to add warmth. The kitchen features a large cooking island, while the outdoor patio space is strategically placed nearby for enjoying meals outside. The relaxing sound of water from the fountain makes it the perfect place to hang out, read a book or just enjoying the sun. Electric heating system.

On the upper level, the living room connects with the back garden and a huge rooftop terrace with stunning view. 3 large bedrooms, 2 bathrooms, and living areas merge seamlessly and can accommodate 6 people. Electric central heating, big windows with metal sliding shutters. There is a seamless flow between the rooms and large windows open them out to the garden. The minimalist interior design, the concrete flooring and linear shapes combine to create a pleasant modern ambience.

There is also a roof terrace, various patios, elongated pool that is built into a concrete block.

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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.