4 bedroom Villa for sale in Praia d'el Rey, Serra d'el Rei, Central Portugal

1,200,000 EUR 1,044,000 GBP 1,188,000 USD

Reference: 148557

Bedrooms: 4
Bathrooms: 5
Floor Size: 376 m2
Plot Size: 1,600 m2
Work Required: None
Swimming Pool
On or Near Golf Course

Details

New detached luxury villas, comprising of: 4 en-suite bedrooms with wardrobes; 5th bathroom; dining lounge separate from sitting lounge with a fireplace; fully equipped kitchen with a dining area, pantry and a laundry room.

Fully equipped with solar panels, underfloor central heating, electric towel rails in all bathrooms, video doorbell, automatic sprinkler system, remote controlled gates, barbecue area and heated swimming pool.

The garden has a beautiful lush lawn which is bordered with shrubs and trees providing shade in the summer months.

The villas are very close to the beach, just a 4 to 5 minute walk.
A golf course is also relatively close and is easy to get to on foot.

The villa has various terraces throughout, both covered and uncovered for alfresco dining and all the exterior passageways are in cobblestone.

Located about 15 minutes from Peniche and Caldas da Rainha and Lisbon airport is within an hours drive.

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Portugal Property Buying Guide

Guide to the Portugese Buying Process

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.