Lumpini Ville Prachachuen-Phongphet 2

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Wong Sawang, Bang Sue,Bangkok

Unit ID: U1025254
6% Rental Yield
฿1,750,000 Great Price
Bedroom
1 Bedroom
Bathroom
1 Bathroom
Indoor Area
26 SqM Size
Floors
17 Floor
Construction
Dec 2012 Completed

1 Bedroom Condo for sale at Lumpini Ville Prachachuen-Phongphet 2

This property is a 26 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the Lumpini Ville Prachachuen-Phongphet 2 project in Wong Sawang, Bangkok and was completed in Dec 2012. You can buy this condo for a base price of ฿1,750,000 (฿67,308/SqM).

Features

Pool AccessPool Access Rooftop TerraceRooftop Terrace Garden AccessGarden Access Covered ParkingCovered Parking BalconyBalcony

Basic Information

Property Type Condo
Floor 17
Bedroom 1
Size 26 SqM
Price per SqM ฿67,308
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
Partly furnished means the property contains the basics i.e. beds, sofa, table and chairs, wardrobes but no electronic appliances, utensils and glassware in the kitchen.
Partly 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 Aug 28, 2021
Last Updated 1 month ago
Unit ID U1025254

Price Analysis

Great Price
Estimated market value ฿2,294,169
Great
฿1,770,000
Good
Fair
Above
฿1,810,000
Current asking Price: ฿1,750,000 | Rental estimate: ฿8,240/mo
This condo is ฿544,169 BELOW MARKET (-24%) 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.
Powered by FazWaz AVM

Investment Opportunity: Charges & Yield

Sale Price
฿1,750,000
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.
฿780/mo
Est. Rent
฿8,240/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 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 Ville Prachachuen-Phongphet 2, and the current sales price.
6%

Project Details

Developer: LPN Development
Construction: Completed (Dec 2012)
Floors: 32
Buildings: N/A
Units: 1395
Project Area: 16,000 SqM
Nearest Landmark Wong Sawang MRT - 4.3 Km
Location: Wong Sawang, Bang Sue, Bangkok
Lumpini Ville Prachachuen-Phongphet 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

Available Units at Lumpini Ville Prachachuen-Phongphet 2

For Sale 4 For Rent 1
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Frequently asked questions

No pets are allowed at Lumpini Ville Prachachuen-Phongphet 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 Ville Prachachuen-Phongphet 2 the required payment for the sinking fund is ฿300 per square meter based on the size of the indoor area of the property.
Wong Sawang MRT is the nearest MRT from Lumpini Ville Prachachuen-Phongphet 2 and it is 4.3 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 Ville Prachachuen-Phongphet 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

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Projects Nearby Lumpini Ville Prachachuen-Phongphet 2

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Number of units
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Year Built
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Year Built
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Bang Sue, Bangkok, Thailand
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Number of units
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