1 Bedroom Condo for sale at Lumpini Place Suksawat - Rama 2

4.17 (1 Review)
Chom Thong, Chom Thong,Bangkok
Unit ID: U160082
5% Rental Yield
Sold Great Price
1 Bedroom
1 Bathroom
26 SqM Size
22 Floor
Dec 2014 Completed

About This Condo

This property is a 26 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the Lumpini Place Suksawat - Rama 2 project in Chom Thong, Bangkok and was completed in Dec 2014. You can buy this condo for a base price of ฿1,850,000 (฿71,154/SqM).

Features

BalconyBalcony

Basic Information

Property Type Condo
Floor 22
Bedroom 1
Size 26 SqM
Price per SqM ฿71,154
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
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.
฿780/mo
Listed By
Private Owner
Date Listed May 20, 2019
Last Updated 2 years ago
Unit ID U160082

Price Analysis

Great Price
Estimated market value ฿3,463,295
Great
฿2,990,000
Good
Fair
Above
฿3,490,000
Current asking Price: ฿1,850,000 | Rental estimate: ฿6,960/mo
This condo is ฿1,613,295 BELOW MARKET (-47%) in the Bangkok 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.
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Investment Opportunity: Charges & Yield

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.
฿780/mo
Est. Rent
฿6,960/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.
22
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 Lumpini Place Suksawat - Rama 2, and the current sales price.
5%

Project Details

Developer: LPN Development
Construction: Completed (Dec 2014)
Floors: 32
Buildings: N/A
Units: 747
Project Area: N/A
Nearest Landmark Talat Phlu BTS - 3.3 Km
Location: Chom Thong, Chom Thong, Bangkok
Lumpini Place Suksawat - Rama 2 Project Details

Project Features

Communal Pool Communal Pool
Communal Gym Communal Gym
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Indoor Kids Zone Indoor Kids Zone
Car Parking Car Parking
Communal Garden Area Communal Garden Area
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Available Units at Lumpini Place Suksawat - Rama 2

For Sale 2 For Rent 4
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Available Units at Lumpini Place Suksawat - Rama 2
฿71,154
Great Price
Beds 1 Beds
Baths 1 Baths
Size 26 SqM Size
Floor 30 Floor
Thai Quota Fully Furnished River or Canal View
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Available Units at Lumpini Place Suksawat - Rama 2
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Beds 1 Beds
Baths 1 Baths
Size 26 SqM Size
Floor 18 Floor
Thai Quota Fully Furnished City View
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Available: Jul 31, 2023 Available Units at Lumpini Place Suksawat - Rama 2
฿70,255
Beds 1 Beds
Baths 1 Baths
Size 37.72 SqM Size
Floor 26 Floor
Thai Quota Fully Furnished River or Canal View
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Available Units at Lumpini Place Suksawat - Rama 2
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Beds 2 Beds
Baths 2 Baths
Size 52 SqM Size
Floor 19 Floor
Thai Quota Fully Furnished City View
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Available Units at Lumpini Place Suksawat - Rama 2
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Beds 1 Beds
Baths 1 Baths
Size 26 SqM Size
Floor 9 Floor
Thai Quota Partly Furnished City View
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Available Units at Lumpini Place Suksawat - Rama 2
฿71,154
Beds 1 Beds
Baths 1 Baths
Size 26 SqM Size
Floor 8 Floor
Foreign Quota Fully Furnished City View
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Frequently Asked Questions

No pets are allowed at Lumpini Place Suksawat - Rama 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 ฿780 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 Lumpini Place Suksawat - Rama 2 the required payment for the sinking fund is ฿300 per square meter based on the size of the indoor area of the property.
Talat Phlu BTS is the nearest BTS Station from Lumpini Place Suksawat - Rama 2 and it is 3.3 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 Lumpini Place Suksawat - Rama 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
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FazWaz Estimate : ฿11,990,999
Price Rating : Great Price
Sale Price : ฿1299,999
FazWaz Estimate : ฿179,999
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Price Rating : Fair Price

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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
The best condo matches my living needs.
4.2 David S., Austria, 3 years ago
It's one of the best condos in a prime location because of in proximity to numerous restaurants, shops, and convenience stores which are very convenient. The design is also stylish and provides premium furniture. The condo I bought has 1 bedroom and 1 bathroom, with a spacious unit area accommodating 1-3 people. The common area is also well-maintained, with a modern and convenient gym. The management is also great and comes with friendly staff and neighbors.
Bangkok
Chom Thong

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby Lumpini Place Suksawat - Rama 2

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Project Name
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