5 bedroom Villa for sale with sea view in Foz do Arelho, Central Portugal

2,100,000 EUR 1,827,000 GBP 2,079,000 USD

Reference: 148562

Bedrooms: 5
Bathrooms: 6
Floor Size: 400 m2
Plot Size: 0.22 hectares / 0.54 acres
Work Required: None
Swimming Pool
Lake, River or Pond
On or Near Golf Course

Details

Detached villa, built on a plot of 2,200m2 and with a living area of 400m2 which comprises of: 5 bedrooms with wardrobes; 6 bathrooms (4 en-suite); sitting room and dining lounge, which share a double faced fireplace; fully equipped kitchen with dining area; pantry and laundry room.

2 swimming pools which are connected. Both pool areas are heated, 1 for adults and the other for children. There is also a small waterfall incorporated. The pools are protected with a tempered glass wall to avoid accidents.

There is also a fishing lake; children’s park with various safety features and is visible from all angles of the villa. There is also a 6 hole mini-golf area and a garage which is currently a games room.

Equipped with air conditioning, electric shutters, video surveillance, alarm system, sauna, satellite dish, solar panels, barbecue area, central vacuuming and remote controlled gates.

Unobstructed views of Obidos lagoon and the sea.
The beach is close by 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.