Icon Park

3.92 (2 Reviews)

Kamala, Kathu,Phuket

Unit ID: U468730
6% Rental Yield
฿6,400,000
Bedroom
1 Bedroom
Bathroom
1 Bathroom
Indoor Area
88 SqM Size
Floors
3 Floor
Construction
Nov 2013 Completed

1 Bedroom Condo for sale at Icon Park

This property is a 88 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the Icon Park project in Kamala, Phuket and was completed in Nov 2013. You can buy this condo for a base price of ฿6,400,000 (฿72,727/SqM).

Features

BalconyBalcony MicrowaveMicrowave TVTV

Basic Information

Property Type Condo
Floor 3
Bedroom 1
Size 88 SqM
Price per SqM ฿72,727
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%.

Foreign 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) Sea View, Mountain View, City View, Pool 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.
฿3,960/mo
Listed By
Private Owner
Date Listed Mar 28, 2020
Last Updated 1 year ago
Unit ID U468730

Price Analysis

Fair Price
Estimated market value ฿6,324,867
Great
฿6,030,000
Good
Fair
Above
฿6,290,000
Current asking Price: ฿6,400,000 | Rental estimate: ฿34,400/mo
This condo is ฿75,133 ABOVE MARKET (1%) 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
฿6,400,000
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.
฿3,960/mo
Est. Rent
฿34,400/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.
16
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 Icon Park, and the current sales price.
6%

Project Details

Project Name: Icon Park
Developer: Ocean Group Asia
Construction: Completed (Nov 2013)
Floors: 7
Buildings: 4
Units: 92
Project Area: 3,200 SqM
Nearest Landmark Kamala Beach - 0.5 Km
Location: Kamala, Kathu, Phuket
Icon Park Project Details

Project Features

Communal Pool Communal Pool
Jacuzzi Jacuzzi
Communal Gym Communal Gym
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Car Parking Car Parking
Spa Spa
Sauna Sauna
Reception / Lobby Area Reception / Lobby Area

Popular Facilities at Icon Park

  • Communal Pool
    Ground Floor
  • Communal Gym
    Ground Floor
  • Sauna
    Ground Floor

Available Units at Icon Park

For Sale 7 For Rent 6
Get notified when new homes are being added to Icon Park

Loan Calculator

Frequently asked questions

No pets are allowed at Icon Park 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 ฿45 per square meter based on the size of indoor area of the property and is ฿3,960 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 Icon Park the required payment for the sinking fund is ฿600 per square meter based on the size of the indoor area of the property.
Kamala Beach is the nearest Beach from Icon Park and it is 0.5 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 Icon Park 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

3.9 out of 5 3.92
Based on
2 Reviews
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Hot and Cold Plunge Pools!
3.5 Verified Former Resident, 1 year ago
Project is located on the main road as you come down the hill from Patong into Kamala. Two main towers with a number of unit configurations. The pool and facilaites are the best part of this project (just ahead of the location). The pool is awesome, changing neon lights and great for swimming laps. There is a proper cold plunge pool and hot tub in the gym area open to all residents for free. A short 5 minutes walk to Kamala Beach.
Great invest condo
4.3 Stephan Puckett, Canada, 3 years ago
I have been living in Kamala for many years and saw this condo since it was initially constructed. Then, I decided to buy it to rent out at a reasonable price. I think I have made the right decision because the feedback from my clients was very positive. There are always customers asking for information and booking it. I bought a duplex, 2 bedrooms, quite large, fully furnished, along with a full-frame window that offers a beautiful view of the mountains and trees. The facilities include a gym, a swimming pool, a sauna, and a spa. It looks a bit old but acceptable. Security is pretty good. You can rent a motorbike for about 250-300 baht per day to travel around Phuket. Kamala Beach is very close; you can walk for 700 meters or about 10 minutes. Nearby, Phuket FantaSea is a place to watch a spectacular show of Phuket island, just about 2 km. The condo is not far away from Patong Beach, about 10 minutes drive as well. There is an evening market in the area where you can go shopping and buy fresh seafood; it's close to Big C Market Kamala as well.

Phuket

Kamala

Neighborhood Overview

Location and Neighborhood

Street View

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Projects Nearby Icon Park

Location
Number of units
Sales Prices
Monthly Rentals
Year Built
Completion Status
Project Name
Location
Number of units
Sales Prices
Monthly Rentals
Year Built
Completion Status
Project Name
Oceana Kamala
Location
Kathu, Phuket, Thailand
Number of units
128
Sales Prices
฿3.2M - ฿16.5M
▼ -8.4% underpriced
Monthly Rentals
฿32.5K
Year Built
Dec 2017
Completion Status
Completed
Project Name
Kamala Nature
Location
Kathu, Phuket, Thailand
Number of units
12
Sales Prices
฿5.79M - ฿17.5M
▼ -7.4% underpriced
Monthly Rentals
N/A
Year Built
Mar 2013
Completion Status
Completed
Location
Kathu, Phuket, Thailand
Number of units
37
Sales Prices
฿47.6M - ฿228M
Monthly Rentals
N/A
Year Built
Dec 2008
Completion Status
Completed
Location
Kathu, Phuket, Thailand
Number of units
6
Sales Prices
฿12.9M - ฿26.7M
▼ -3% underpriced
Monthly Rentals
N/A
Year Built
Jun 2005
Completion Status
Completed
Location
Kathu, Phuket, Thailand
Number of units
15
Sales Prices
฿8.94M
▲ 21% overpriced
Monthly Rentals
฿70.1K - ฿104K
Year Built
Jan 1990
Completion Status
Completed
Project Name
Kamala One
Location
Kathu, Phuket, Thailand
Number of units
5
Sales Prices
฿29.9M
Monthly Rentals
N/A
Year Built
May 2006
Completion Status
Completed
Project Name
The Palms
Location
Kathu, Phuket, Thailand
Number of units
N/A
Sales Prices
N/A
Monthly Rentals
฿55.1K - ฿99.1K
Year Built
Jun 2017
Completion Status
Completed
Location
Kathu, Phuket, Thailand
Number of units
11
Sales Prices
฿15.5M - ฿21.8M
▼ -44% underpriced
Monthly Rentals
N/A
Year Built
Nov 2009
Completion Status
Completed
Project Name
The Plantation
Location
Kathu, Phuket, Thailand
Number of units
35
Sales Prices
฿18.5M - ฿18.9M
▲ 3% overpriced
Monthly Rentals
฿42.1K - ฿65.1K
Year Built
Jun 2005
Completion Status
Completed
Location
Kathu, Phuket, Thailand
Number of units
44
Sales Prices
฿3.3M - ฿14.1M
▲ 13.1% overpriced
Monthly Rentals
฿15K - ฿49.6K
Year Built
Dec 2011
Completion Status
Completed
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