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

1,250,000 EUR 1,087,500 GBP 1,237,500 USD

Reference: 152236

Bedrooms: 4
Bathrooms: 6
Floor Size: 613 m2
Plot Size: 950 m2
Work Required: None
Swimming Pool

Details

Luxury detached villa on the beach at Praia del Rey.

Comprising 4 en-suites with walk-in wardrobes plus an extra room and a bathroom at basement level. There are 6 bathrooms in total and 4 have their own window. Lounge with a fireplace, terrace and pre installation for home cinema. Fully equipped kitchen with dining area.

Has a total built area of 613m2 and the plot has 950m2.

The villa has a garage for 3 cars, is equipped with a shaft for the installation of a lift which can go from the basement to the last floor. Covered barbecue area which can be easily closed off with glass turning it into an ideal games room.

Equipped with a modern domotic system which can control most of the equipment in the villa, namely alarm system, electric shutters amongst other systems and is possible to control via the Internet. Will have solar panels for hot water and to aid in the heating of the villa which has an underfloor heating system.

Has a swimming pool and garden all around the villa. A water tank system is going to be installed with a total capacity of 10.000 litres. This is to be used for the watering of the garden; the system will be able to capture water from the rain and through an underground drainage system which captures excess water making it possible to capture as much water as possible from the rain and watering, making it an economic and environment friendly solution.

The villa is going to be built with the finest insulation material to maximise the heating retention in winter and to keep it fresh in summer.

Built within a few metres of the beach and Lisbon airport can be reached 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.