ART@Patong

4.14 (6 Reviews)

Patong, Kathu,Phuket

Unit ID: U165190
7% Rental Yield
฿2,900,000 Great Price
Bedroom
1 Bedroom
Bathroom
1 Bathroom
Indoor Area
28 SqM Size
Floors
6 Floor
Construction
Dec 2010 Completed

1 Bedroom Condo for sale at ART@Patong

This property is a 28 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the ART@Patong project in Patong, Phuket and was completed in Dec 2010. You can buy this condo for a base price of ฿2,900,000 (฿103,571/SqM) and it is also available for long term rentals starting from ฿18,000 per month.

Features

BalconyBalcony

Basic Information

Property Type Condo
Floor 6
Bedroom 1
Size 28 SqM
Price per SqM ฿103,571
Condo 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%.

Thai Quota
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) City View, Pool View, Blocked 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.
฿1,120/mo
Listed By
Private Owner
Date Listed May 6, 2019
Last Updated 2 years ago
Unit ID U165190

Price Analysis

Good Price
Estimated market value ฿2,978,548
Great
฿2,950,000
Good
Fair
Above
฿3,120,000
Current asking Price: ฿2,900,000 | Advertised rental rate: ฿18,000/mo
This condo is ฿78,548 BELOW MARKET (-3%) in the Phuket area. It is analyzed against similar condos 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
฿2,900,000
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.
฿1,120/mo
Rent
฿18,000/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.
13
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.
7%

Project Details

Project Name: ART@Patong
Developer: N/A
Construction: Completed (Dec 2010)
Floors: 8
Buildings: N/A
Units: 173
Project Area: 2,392 SqM
Nearest Landmark Patong Beach - 0.8 Km
Location: Patong, Kathu, Phuket
ART@Patong Project Details

Project Features

Communal Pool Communal Pool
Communal Gym Communal Gym
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Reception / Lobby Area Reception / Lobby Area

Available Units at ART@Patong

For Sale 6 For Rent 6
Get notified when new homes are being added to ART@Patong

Loan Calculator

Frequently asked questions

No pets are allowed at ART@Patong 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 ฿40 per square meter based on the size of indoor area of the property and is ฿1,120 for this condo. 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.
Patong Beach is the nearest Beach from ART@Patong 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 ART@Patong 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

Do you own a property at ART@Patong ?

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Reviews

4.1 out of 5 4.14
Based on
6 Reviews
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Average Development, but in the heart of Patong
3.2 Michael Kenner, United Kingdom, 2 years ago
Had a condo here that I rented long term. The building is averagely maintained, the lifts can be out of action a fair bit. Its a budget condo complex, but the pool is big and the gym is is also of size. Rooms are small, had the one bed studio, but otherwise its a perfectly place to stay.
Cozy condo with a large swimming pool
4 Adiana Preszo, Spain, 2 years ago
The best room and value for money. The staff is very friendly. Inside the room, there is a small kitchen, living room area, and a balcony for all rooms. The night is relatively quiet without noises bothering. It has an amazing swimming pool and fully equipped gym. It also takes only a 20-minute walk to Patong Beach; considered a great location, close to everything you need, such as beaches, restaurants, and shops. My room is new, clean, and well equipped. Overall, it is very suitable for relaxing in the summer.
Nice condo! Great location, and value for money.
4.7 Pablo Gorley, United States, 2 years ago
This condo is excellent and valuable for money. Great location, close to Jungceylon Shopping center, Bangla road, Supermarket, and the beach! The room is very nice, spacious and has no noise from the street. The pool is also large, and the gym is well equipped. I truly enjoyed my stay here. The staff speaks perfect English, and the security guard always helps me find the parking lot whenever I am back from outside. Overall pleasing, but the wifi was too slow sometimes.
It is one of the right places to stay in Patong.
4.5 Mia Thompson, Australia, 2 years ago
It is one of the right places to stay in Patong. Close to all the necessary amenities, such as restaurants, Patong Beach, Bangla Road, and Jungceylon Shopping Mall. Within the project, there are good facilities. The staff is friendly. I rented a 1-bedroom unit at a very affordable price. It comes with full furniture, and some kitchen equipment, not complete for cooking, so I need to add more by myself. Overall, it is considered okay.
Great condominuim, suitable for short-term and long-term stay
4.5 Jessica White, Denmark, 3 years ago
I bought a one-bedroom unit as a vacation condo. I don't feel disappointed in choosing this place as the price is not high. It also comes with full furniture, so it's ready to move in. The swimming pool of the project is wide enough for the number of residents. More importantly, this place is close to Patong Beach, pubs, bars, and restaurants. Even if this place is a crowded tourist attraction, it is not too close to the beach to disturb your privacy. This place is suitable for both a short-term and long-term stay.
Small and cozy place
4 Martin G., United States, 3 years ago
A small and cozy place, including a swimming pool, fitness center, and parking. The staff is also lovely, providing a good service. The 1-bedroom unit with a mini kitchen in the room and a balcony where you can enjoy the evening breeze. The atmosphere is quite peaceful, not far from the Patong Center. Walking to Patong Beach takes about 10 minutes.

Phuket

Patong

Neighborhood Overview

Location and Neighborhood

Street View

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Projects Nearby ART@Patong

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