8 bedroom Farm Estate for sale with countryside view with Income Potential in Ourem, Central Portugal

1,750,000 EUR 1,505,000 GBP 1,890,000 USD

Reference: 247000

Bedrooms: 8
Bathrooms: 10
Floor Size: 918 m2
Plot Size: 1.54 hectares / 3.79 acres

Features

Balcony
Garden
Private Pool
Equestrian Facilities
Fireplace
Original Features
Possible Extra Dwellings
Countryside View
Parking
Garage

Details

Set in 1.5 hectares of beautiful land and mature gardens is this charming 8 bedroom refurbished house originating from the 17th and 18th century, with a chapel, wine cellar, stable and a swimming pool, located in Ourem.

Although being refurbished it has kept its atmosphere and the design of the property.

The rustic land, with 10,050m2, includes a vineyard and a seeding area.

The house comprises four buildings and 18 rooms, which are divided in three distinct units that are interconnected, although, at first sight, they seem different.

Altogether, there are eight en suite bedrooms with a private bathroom, two games rooms with bar, a spacious dining room and a living room with fireplace.

There is also an annex with a kitchen and living room with a semi exterior patio.

The entire house is equipped with central heating.

The floor area doesn't include the roof's garret, the storage areas, the games rooms, the chapel or the stable.

This manor house has huge potential, it also has interesting local history, due to the fact that, during the French invasions, it was occupied by the Napoleon's officers.

It is only 20 minutes away from Leiria, 15 minutes away from Fatima and 10 minutes away from Ourem, with excellent access to the beaches of Sao Martinho do Porto and Nazare,.

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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.