Hyde Park Residence 2

4.17 (1 Review)

Nong Prue, Pattaya, Chon Buri

Unit ID: U26415
6% Rental Yield
฿3,990,000
Bedroom
1 Bedroom
Bathroom
1 Bathroom
Indoor Area
56 SqM Size
Floors
5 Floor
Construction
Jul 2010 Completed

1 Bedroom Condo for sale at Hyde Park Residence 2

This property is a 56 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the Hyde Park Residence 2 project in Nong Prue, Pattaya and was completed in Jul 2010. You can buy this condo for a base price of ฿3,990,000 (฿71,250/SqM).

Features

Corner UnitCorner Unit

Basic Information

Property Type Condo
Floor 5
Bedroom 1
Size 56 SqM
Price per SqM ฿71,250
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%.

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) 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.
฿1,680/mo
Listed By
Private Owner
Date Listed May 13, 2017
Last Updated 2 months ago
Unit ID U26415

Price Analysis

Fair Price
Estimated market value ฿3,773,460
Great
฿2,900,000
Good
Fair
Above
฿3,000,000
Current asking Price: ฿3,990,000 | Rental estimate: ฿19,700/mo
This condo is ฿216,540 ABOVE MARKET (6%) in the Pattaya 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
฿3,990,000
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.
฿1,680/mo
Est. Rent
฿19,700/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.
17
Rental Yield
This is the gross rental yield based on the estimated rental rate. To calculate this figure we use the average monthly rent rates (for 1-year contracts) from other 1 bedroom condos at Hyde Park Residence 2, and the current sales price.
6%

Project Details

Project Name: Hyde Park Residence 2
Developer: Matrix
Construction: Completed (Jul 2010)
Floors: 8
Buildings: 1
Units: 109
Project Area: 2,080 SqM
Nearest Landmark South Pattaya Beach - 1.2 Km
Location: Nong Prue, Pattaya, Chon Buri
Hyde Park Residence 2 Project Details

Project Features

On Site Restaurant On Site Restaurant
Communal Pool Communal Pool
Jacuzzi Jacuzzi
Communal Gym Communal Gym
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Car Parking Car Parking
Reception / Lobby Area Reception / Lobby Area

Popular Facilities at Hyde Park Residence 2

  • Communal Pool
    Rooftop
  • Reception / Lobby Area
    Ground Floor
  • Communal Gym
    Rooftop

Available Units at Hyde Park Residence 2

For Sale 4 For Rent 6

Loan Calculator

Frequently asked questions

No pets are allowed at Hyde Park Residence 2 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 ฿30 per square meter based on the size of indoor area of the property and is ฿1,680 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.
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 Hyde Park Residence 2 the required payment for the sinking fund is ฿500 per square meter based on the size of the indoor area of the property.
South Pattaya Beach is the nearest Beach from Hyde Park Residence 2 and it is 1.2 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 Hyde Park Residence 2 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 Hyde Park Residence 2?

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Reviews

4.2 out of 5 4.17
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Great location and a perfect place to enjoy Pattaya's most famous city of lights, sounds, and beaches
4.2 Farida V., Thailand, 2 years ago
Renting the Hyde Park Residences 2 this time is very worthwhile. The condo is decorated in a warm atmosphere and suitable for real relaxation. The room interior is simple and stylish decoration with full of amenities. The project common area is propitious, such as a large swimming pool with a Jacuzzi and a complete fitness room. It matches my vacation needs so much. The project is located in an area that I can easily get around, such as Jomtien Beach, Pattaya Beach, Food Mart, and nightlife spots like Pattaya. It is an ideal project for relaxation. If anyone is looking for a condo for vacation rentals, recommend here. All are in one place.

Pattaya

Nong Prue

Neighborhood Overview

Location and Neighborhood

Street View

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