7 bedroom Villa for sale in Wanstead, Saint Michael

1,600,000 USD 1,488,000 EUR 1,264,000 GBP

Reference: 200115

Bedrooms: 7
Bathrooms: 8
Floor Size: 533 m2
Plot Size: 1,150 m2

Features

Wheelchair Accessible
Possible Extra Dwellings
Potential for Income
Parking
Garage
Turn Key Good Condition

Details

Ssuperb fully enclosed multifamily villa with a total vast living area of 533m2, located in Wanstead within a large plot of 1,150m2.

With 7 bedrooms and 8 bathrooms, this superb home is located within a well established neighbourhood, near the University Of The West Indies, amenities and the beautiful West Coast beaches. In addition, the historic Kensington Oval Cricket Ground and Central Bridgetown, the capital is just 7 and 10 minutes away respectively.

Ground floor: open plan living/dining and kitchen area. The dining area has access to a patio. Behind the kitchen, down the hallway is a laundry with access to the car port and a full bathroom with shower. The spacious living area has 2 access points, 1 towards the south which is the main entrance and the towards the north which leads out to patio, swimming pool and the pool deck. Finished with its decorative recessed ceiling and lighting, interior planters and wooden trim, the living area is certainly one of cool comfort. Towards the east wing of the property is a storage room, 2 bedrooms with en-suite bathrooms equipped with showers and a bedroom finished with built in wardrobes.

Upstairs: 2 bedrooms of which the master has a walk in wardrobe and an en-suite bathroom finished with double sink and shower and the other bedroom offers built in wardrobes and an en-suite bathroom with single sink and shower. There are 2 further bedrooms down the corridor with built in wardrobes and en-suite bathroom. The last bedroom is located towards the west of the property offering an en-suite bathroom with shower, built in wardrobe space and a private patio overlooking the property. Also situated on this level is the large entertainment room with private patio, windows in 3 sides, wooden floor and bar nook in the corner.

The property is just a year old and has ample parking, 2 additional storage spaces with 1 under the pool deck. Wheelchair access from the courtyard to the pool area, 2 large dog kennels, enclosed external waste disposal unit with easy access from both sides and the courtyard is completely paved sectioned with red brick tiles and many plants surrounding the property plus exterior planters complementing the facade.

The owner is open to offers on the furnishings which can also be purchased separately.

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Barbados Property Buying Guide

1. Registering with a Barbadian Lawyer and the Central Bank of Barbados.

In order to purchase a property in Barbados you will require a registered Barbadian lawyer, their fees will be around 1.5 to 2% of the purchase price (+15% VAT). The buying process will generally take around 3 months. There are not generally any restrictions on ownership by foreigners, except for a formality that, if you are a non-resident, the Barbados Central bank must you give you permission before you may purchase a property. If you fail to gain this permission your purchase will be void. It is required by the Central Bank of Barbados that all money that is brought into the country must be registered. This can be best be handled by your Barbadian lawyer.

2. Signing the Purchase Agreement and Paying the deposit

Your lawyer will be charged with the conveyance of the title, the recording of the deeds and registering the survey plans with the Land Registry. Before you sign the Purchase Agreement and pay the 10% deposit, they will also check the agreement which will have been drawn up by the vendors lawyers. The Purchase Agreement will then be signed by the vendor and the deposit will be held by the vendor’s lawyers. The deposit will be forfeited if at any point after this you decide not to go through with the purchase.

3. The Conveyance

The register search will be carried out by your by your lawyer in order to establish whether the property or land is free from charges or any encumbrances and to establish the title. The conveyance will be drawn up by the sellers lawyer and will be checked by your lawyer. Once these checks have been made you will sign the conveyance and the balance of the funds will be paid. Once you have signed the conveyance it will go back to the venor’s solicitor to be signed by the vendor. Your part of the sale is now complete, all that is left is for the vendor to pay the stamp duty and to transfer the taxes.

4. General Information on Property Ownership in Barbados

Property can be owned in various ways in Barbados. In the name of an individual, through a trust or other entity, or through a foreign or local company. It is not unusual for non-Barbadians to purchase properties through newly formed offshore companies which are outside Barbados, but are registered to do business in Barbados.