The Emerald Terrace

3.56 (3 Reviews)

Patong, Kathu,Phuket

Unit ID: U24061
5% Rental Yield
฿4,150,000
Bedroom
1 Bedroom
Bathroom
1 Bathroom
Indoor Area
38 SqM Size
Floors
4 Floor
Construction
May 2015 Completed

1 Bedroom Apartment for sale at The Emerald Terrace

This property is a 38 SqM apartment with 1 bedroom and 1 bathroom that is available for sale. It is part of the The Emerald Terrace project in Patong, Phuket and was completed in May 2015. You can buy this apartment for a base price of ฿4,150,000 (฿109,211/SqM) and it is also available for long term rentals starting from ฿19,000 per month.

Features

TerraceTerrace

Basic Information

Property Type Apartment
Floor 4
Bedroom 1
Size 38 SqM
Price per SqM ฿109,211
Apartment Ownership

Foreign nationals can be freehold owners of condominium units, in buildings where not more than 49% of the unit floor space is owned by foreigners. Units that are part of the Thai quota or are being leased for 30 years can be converted to the foreign freehold quota if that is currently below 49%.

N/A
Furniture
A fully-furnished property is one which is equipped with all required items of a household. From sofa to table lamp, from bed to a dresser and even electronic appliances, utensils and glassware in the kitchen – a fully-furnished property has everything required in your day-to-day life.
Fully Furnished
View(s) Pool View, Garden View
Unit Type N/A
Building N/A
CAM Fee
The common area maintenance (CAM) fee has to be paid monthly by owners for the upkeep of the common areas of condominium and housing projects. For new build projects, it is common to pay between 1 - 3 years’ management fees in advance upon the transfer of the unit’s ownership.
฿1,900/mo
Listed By
Private Owner
Date Listed Feb 13, 2017
Last Updated 1 year ago
Unit ID U24061

Price Analysis

Fair Price
Estimated market value ฿4,091,422
Great
฿3,980,000
Good
Fair
Above
฿4,850,000
Current asking Price: ฿4,150,000 | Advertised rental rate: ฿19,000/mo
This apartment is ฿58,578 ABOVE MARKET (1%) in the Phuket area. It is analyzed against similar apartments & flats and is based on previous transaction data, the current market situation, neighborhood details, and the specific details of this property.
Powered by FazWaz AVM

Investment Opportunity: Charges & Yield

Sale Price
฿4,150,000
CAM Fee
The common area maintenance (CAM) fee has to be paid monthly by owners for the upkeep of the common areas of condominium and housing projects. For new build projects, it is common to pay between 1 - 3 years’ management fees in advance upon the transfer of the unit’s ownership.
฿1,900/mo
Rent
฿19,000/mo
Price-to-Rent Ratio
The price-to-rent ratio is calculated at the individual home level, where the sales price is divided by 12 times its monthly rent price.
18
Rental Yield
This is the gross rental yield. To calculate this figure we use the advertised monthly rent rate (for a 1-year contract) and the current sales price.
5%

Project Details

Project Name: The Emerald Terrace
Construction: Completed (May 2015)
Floors: 8
Buildings: 1
Units: 178
Project Area: 4,164 SqM
Nearest Landmark Patong Beach - 0.8 Km
Location: Patong, Kathu, Phuket
The Emerald Terrace Project Details

Project Features

Communal Pool Communal Pool
Communal Gym Communal Gym
Clubhouse Clubhouse
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Car Parking Car Parking
Reception / Lobby Area Reception / Lobby Area
Communal Garden Area Communal Garden Area
Key card access Key card access

Popular Facilities at The Emerald Terrace

  • Communal Pool
    Ground Floor
  • Communal Gym
    2nd Floor
  • Reception / Lobby Area
    Ground Floor

Available Units at The Emerald Terrace

For Sale 17 For Rent 3
Favorite
Compare
Available Units at The Emerald Terrace
฿109,211
Beds 1 Beds
Baths 1 Baths
Size 38 SqM Size
Floor 4 Floor
Fully Furnished Pool View
Favorite
Compare
Available Units at The Emerald Terrace
฿78,947
Great Price
Beds Studio Beds
Baths 1 Baths
Size 38 SqM Size
Floor 3 Floor
Leasehold Fully Furnished Mountain View
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Available Units at The Emerald Terrace
฿144,737
Beds Studio Beds
Baths 1 Baths
Size 38 SqM Size
Floor 6 Floor
Company Fully Furnished Mountain View
Favorite
Compare
Available Units at The Emerald Terrace
฿101,316
Good Price
Beds Studio Beds
Baths 1 Baths
Size 38 SqM Size
Floor 2 Floor
Leasehold Fully Furnished Pool View
Favorite
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Available Units at The Emerald Terrace
฿61,224
Great Price
Beds 1 Beds
Baths 1 Baths
Size 49 SqM Size
Floor 1 Floor
Foreign Quota Fully Furnished Park View
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Available Units at The Emerald Terrace
฿82,979
Great Price
Beds 1 Beds
Baths 1 Baths
Size 47 SqM Size
Floor 1 Floor
Foreign Quota Fully Furnished Garden View
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Compare
Available Units at The Emerald Terrace
฿91,304
Great Price
Beds 1 Beds
Baths 1 Baths
Size 46 SqM Size
Floor 2 Floor
Leasehold Fully Furnished Garden View
Favorite
Compare
Available Units at The Emerald Terrace
฿92,105
Good Price
Beds Studio Beds
Baths 1 Baths
Size 38 SqM Size
Floor 3 Floor
Leasehold Fully Furnished City View
Favorite
Compare
Available Units at The Emerald Terrace
฿92,105
Good Price
Beds Studio Beds
Baths 1 Baths
Size 38 SqM Size
Floor 3 Floor
Leasehold Fully Furnished Pool View
Favorite
Compare
Available Units at The Emerald Terrace
฿94,737
Beds Studio Beds
Baths 1 Baths
Size 38 SqM Size
Floor 2 Floor
Leasehold Fully Furnished Mountain View
Favorite
Compare
Available Units at The Emerald Terrace
฿119,737
Beds 1 Beds
Baths 1 Baths
Size 38 SqM Size
Floor 4 Floor
Fully Furnished Pool View
Favorite
Compare
Available Units at The Emerald Terrace
฿84,211
Good Price
Beds Studio Beds
Baths 1 Baths
Size 38 SqM Size
Floor 3 Floor
Leasehold Fully Furnished Mountain View
Favorite
Compare
Available Units at The Emerald Terrace
฿52,500
Great Price
Beds Studio Beds
Baths 1 Baths
Size 40 SqM Size
Floor 3 Floor
Leasehold Fully Furnished Garden View
Favorite
Compare
Available Units at The Emerald Terrace
฿92,105
Good Price
Beds Studio Beds
Baths 1 Baths
Size 38 SqM Size
Floor 3 Floor
Leasehold Fully Furnished City View
Favorite
Compare
Available Units at The Emerald Terrace
฿74,658
Great Price
Beds Studio Beds
Baths 1 Baths
Size 38 SqM Size
Floor 4 Floor
Leasehold Fully Furnished Mountain View
Favorite
Compare
Available Units at The Emerald Terrace
฿95,745
Good Price
Beds 1 Beds
Baths 1 Baths
Size 47 SqM Size
Floor 4 Floor
Foreign Quota Fully Furnished City View
Favorite
Compare
Available Units at The Emerald Terrace
฿92,105
Good Price
Beds Studio Beds
Baths 1 Baths
Size 38 SqM Size
Floor 3 Floor
Leasehold Fully Furnished Pool View
Get notified when new homes are being added to The Emerald Terrace

Loan Calculator

Frequently asked questions

No pets are allowed at The Emerald Terrace unless specifically permitted by the juristic office. Exceptions can be made for service or guide dogs for persons with disabilities.
The common area maintenance fee is ฿50 per square meter based on the size of indoor area of the property and is ฿1,900 for this apartment. This fee has to be paid by owners for the upkeep of the common areas of the project. For new residential developments, it is common to pay up to 1-3 years’ common area maintenance fees in advance upon the transfer of the properties' ownership.
For new projects, the buyer pays a one-off lump sum upon transfer of the property from the developer to the buyer. This fund is to be used for major renovations and replacement of equipment when necessary, to ensure the maintenance of the building and the common area. At The Emerald Terrace the required payment for the sinking fund is ฿500 per square meter based on the size of the indoor area of the property.
Patong Beach is the nearest Beach from The Emerald Terrace and it is 0.8 km away.

Foreigners can own a condominium Freehold in their own name. Condominium ownership is best explained by looking at an example of a project that has 100 units for sale.

In this example, 49 of the total units in this building (or 49% of the total salable area) can be owned outright by non-thai nationals in their name.  The ownership titles of these 49 units is referred to as Freehold or Foreign Quota. 

This leaves 51 units remaining in the building (or 51% of the total salable). The freehold rights to these units are reserved for Thai nationals in what is commonly referred to as the Thai quota.

 

Read more here

After you have found the right property at The Emerald Terrace you have to follow these steps:

  • - Agreement of terms and conditions
  • - Reservation Agreement
  • - Reservation Deposit
  • - Sales and Purchase Agreement
  • - Settlement & Transfer

 


Read more here

Thailand has different visas like Spousal Visa, Retirement Visa, Student Visa and Elite Visa - just to name a few options. Each visa has different requirements but they are usually easy to obtain.

Read more here

Sale Price : ฿5,759,000
Fazwaz Estimate : ฿5,550,000
Price Rating : Great Price
Sale Price : ฿12,140,999
Fazwaz Estimate : ฿11,990,999
Price Rating : Great Price
Sale Price : ฿1299,999
Fazwaz Estimate : ฿179,999
Price Rating : Overpriced
Sale Price : ฿159,999
Fazwaz Estimate : ฿149,999
Price Rating : Fair Price

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Reviews

3.6 out of 5 3.56
Based on
3 Reviews
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Nice modern room but remote area
3 Verified Former Resident, 1 year ago
The only advantage of this hotel resort is really the size of the studios and the facilities like the swimming pool and the well-equipped gym. But the location it is not great, kinda remote area so you really need a bike or car to go anywhere.
One of the best accommodations I've stayed in Patong.
4.2 Shera Vanwingerden, Canada, 3 years ago
It is a stylish condo and friendly staff. The condo offers many facilities, such as a swimming pool, a clean and tidy gym. The room I rented also was a beautifully decorated, spacious bed, clean bathroom, and a lovely kitchen. Everything is very good. It's an excellent place to stay in the Patong area. Moreover, the price is affordable, and the service is very good. The staff is attentive to good services. Besides, the condo is not far from tourist attractions or shops, restaurants as it is called near everything. It is also close to the beach. It is easily accessible because it is close to nearby amenities. Don't worry at all. The day I'm bored, I can go to chill at Patong Beach or take a short walk to Bangla Road. Don't miss the choice to stay at The Emerald Terrace.
Located on Patong hillside
3.5 Emma Zhang, China, 3 years ago
Another nice place to stay in Patong. Travel to Patong Beach in 5 minutes. The condo provides a swimming pool, a gym, and free Wi-Fi internet. It is located on a hillside and a quiet atmosphere. The room is decorated with a full set of standard furniture, and a hot water system works well. Most of the people here are foreigners - both tourists and working-age. The price is very cheap.

Phuket

Patong

Neighborhood Overview

Location and Neighborhood

Street View

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