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Agricultural – Lagoa, Faro, Portugal

790,000 €
£663,000
  • Land area
    34,510 m²
  • Bathrooms
    4
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Features
  • Total rooms: 3
  • Balcony or terrace
  • Golf course
  • Swimming pool
  • Garden

A traditional three bedroom farmhouse for sale in Lagoa within the Portuguese town of Estomar in the Western Algarve. Overlooking Monchique, Ferragudo and Portimão this property is perfect if you are looking for a peaceful area within the Algarve to purchase a new home. Nestled on a large plot of land sized 34,510 m², this property offers a plain-pied villa which comprises a spacious living room with a feature fireplace and multiple sets of doors leading out onto the private grounds. A modern and fitted kitchen comes equipped with all the necessary appliances to whip up a delight in the mornings, at lunch and at night. There is plenty of space in the kitchen for a ten seater dining table providing more than motivation to entertain friends and family all throughout the year. In the kitchen you will find another set of glass sliding doors leading out into the garden. This property does have five bedrooms in total however, the current owner has converted one of the rooms into a home office and the other into a storage room. This leaves three good sized bedrooms, all equipped with their own en-suite bathroom and built-in cabinets. In addition to this, there is also a laundry room, a hallway as well as an outdoor terrace equipped with a BBQ and wood oven with a smokehouse. Extra features with this property include air-conditioning units throughout, electric shutters, mosquito nets, a spacious garage for two cars along with an outdoor swimming pool which is great for those warmer summer months especially if you have children or grandchildren. Mains water and sewage are already connected and a hole which has plenty of water ensures the automatic irrigation system is good to go. Covering just under a total of three and a half hectares, this property is a fantastic bargain for anyone wanting a more peaceful life whilst still being close to the hustle and bustle of city life. Fruit trees, figs, oranges, lemons, peaches and plums all grow on site so if you love a healthy smoothie in the morning or a juicy piece of fruit to dig into during the day, you won't have to go anywhere other than outside your front door. Located in the center of the Western Algarve, if you're a sports enthusiast you will be spoiled for choice as there are numerous golf courses nearby, a tennis center and an extensive water-sports facility. For seafood lovers there are a variety of local restaurants serving fresh grilled fish and seafood specialties, along with fine-dining options and international restaurants for all tastes. You will also find Portimão’s harbour, multiple award-winning beaches, the picturesque village of Carvoeiro and so much more just a short few minutes away. Mortgage simulation: Purchase Price — 790,000€ Purchase Price — 790,000€ Deposit/ Down Payment — 158,000€ (20%) Deposit/ Down Payment — 158,000€ (20%) Finance Amount — 632,000€

Extra opportunities

The investor obtains a Portuguese residence permit by purchase of real estate worth at least €500,000. Our team at Tranio will help to make a deal remotely, collect a set of documents, and make an application.

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    Location right down to the building, street or city

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If this property wasn’t for you, take a look at other houses for sale in Portugal.

You can see more houses for sale in Lagoa elsewhere on our website.

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      How to buy property with Tranio

      Enquiry

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      FAQs

      • Can I get a mortgage abroad?

        It depends on the country. For example, German banks willingly offer mortgages to foreigners at 1.5-2 % per annum with LTV up to 70%. Spain offers less favourable terms: the minimum rate for foreigners is 2.5% per annum. The situation is different in Greece: although the law does not prohibit banks from issuing loans, in practice, Greek banks don’t issue loans to local nor foreign property buyers. You can learn about the mortgage terms in your preferred country by contacting Tranio’s local agents.

      • How does the purchase procedure work?

        The purchase procedure depends on the country where you buy property. Generally, after choosing a property you need to sign a preliminary agreement with the seller and carry out a due diligence of the property by checking the relevant documents and the property's technical condition. After that, all parties sign the sales agreement and the notary registers the transaction. As a rule, the purchase registration costs amount to approximately 10% of the property price.

      • Can a residence permit be obtained by buying property?

        In some countries it is possible. Residence-for-property purchase programmes are known as Golden Visas programmes. Greece, Spain, Latvia, and Portugal offer the most popular Golden Visas in Europe. The Greek residence permit is the cheapest and can be obtained by buying a property worth at least €250,000, while organising all of the documents costs about €19,000. Certain countries offer citizenship to property buyers — for example, an investor can get their hands on a Cypriot passport by buying a property worth at least €2M.

      • How does Tranio make money if your service is free for the clients?

        We share the commission, which the buyer or the seller (depending on the country) pays to our partners — foreign real estate agencies. The price of this service is the same as if you contacted the agency directly — this is an important condition and applies to all of our partnership agreements.

      • Who guarantees the transaction security?

        The transaction security is guaranteed by the notary who draws up the sales agreement and checks the information on the previous and current owners of the property, any outstanding restrictions, mortgage, and third-party encumbrances. Tranio is not responsible for the parties involved in the transaction.

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