Marrakesh Residences

4.37 (5 Reviews)

Nong Kae, Hua Hin, Prachuap Khiri Khan

Unit ID: U669948
7% Rental Yield
฿6,426,000
Bedroom
1 Bedroom
Bathroom
1 Bathroom
Indoor Area
49.83 SqM Size
Floors
2 Floor
Construction
May 2011 Completed

1 Bedroom Condo for sale at Marrakesh Residences

This property is a 49.83 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the Marrakesh Residences project in Nong Kae, Hua Hin and was completed in May 2011. You can buy this condo for a base price of ฿6,426,000 (฿128,958/SqM) and it is also available for long term rentals starting from ฿35,000 per month.

Features

Private GymPrivate Gym Private PoolPrivate Pool BalconyBalcony Full Western KitchenFull Western Kitchen TVTV

Basic Information

Property Type Condo
Floor 2
Bedroom 1
Size 49.83 SqM
Price per SqM ฿128,958
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.
฿2,741/mo
Listed By
Private Owner
Date Listed Mar 9, 2021
Last Updated 6 months ago
Unit ID U669948

3D Walkthrough

Price Analysis

Fair Price
Estimated market value ฿6,187,570
Great
฿5,500,000
Good
Fair
Above
฿6,120,000
Current asking Price: ฿6,426,000 | Advertised rental rate: ฿35,000/mo
This condo is ฿238,430 ABOVE MARKET (4%) in the Hua Hin 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
฿6,426,000
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.
฿2,741/mo
Rent
฿35,000/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.
15
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: Marrakesh Residences
Developer: Major Development
Construction: Completed (May 2011)
Floors: 8
Buildings: 2
Units: 339
Project Area: 22,090 SqM
Nearest Landmark Hua Hin Beach - 0.3 Km
Location: Nong Kae, Hua Hin, Prachuap Khiri Khan
Marrakesh Residences Project Details

Project Features

Hotel Managed Hotel Managed
Communal Pool Communal Pool
Communal Gym Communal Gym
24H Security 24H Security
Car Parking Car Parking
Direct Beach Access Direct Beach Access

Popular Facilities at Marrakesh Residences

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

Available Units at Marrakesh Residences

For Sale 13 For Rent 1
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Available Units at Marrakesh Residences
฿200,000
Beds 3 Beds
Baths 2 Baths
Size 180 SqM Size
Floor 7 Floor
Fully Furnished Sea View
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Available Units at Marrakesh Residences
฿101,796
Beds 3 Beds
Baths 3 Baths
Size 167 SqM Size
Floor 5 Floor
Thai Quota Fully Furnished Sea View
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Available Units at Marrakesh Residences
฿130,769
Beds 1 Beds
Baths 1 Baths
Size 52 SqM Size
Floor 2 Floor
Thai Quota Fully Furnished Partial Sea View
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Available Units at Marrakesh Residences
฿149,210
Beds 1 Beds
Baths 1 Baths
Size 51.27 SqM Size
Floor 3 Floor
Thai Quota Fully Furnished Pool View
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Available Units at Marrakesh Residences
฿142,039
Beds 1 Beds
Baths 1 Baths
Size 44.28 SqM Size
Floor 7 Floor
Thai Quota Fully Furnished Pool View
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Available Units at Marrakesh Residences
฿118,182
Beds 1 Beds
Baths 1 Baths
Size 55 SqM Size
Floor 6 Floor
Thai Quota Fully Furnished Garden View
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Available Units at Marrakesh Residences
฿174,253
Beds 2 Beds
Baths 2 Baths
Size 84.36 SqM Size
Floor 3 Floor
Thai Quota Fully Furnished City View
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Available Units at Marrakesh Residences
฿128,958
Beds 1 Beds
Baths 1 Baths
Size 49.83 SqM Size
Floor 2 Floor
Thai Quota Fully Furnished City View
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Available Units at Marrakesh Residences
฿112,000
Great Price
Beds 1 Beds
Baths 1 Baths
Size 45 SqM Size
Floor 2 Floor
Foreign Quota Fully Furnished Pool View
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Available Units at Marrakesh Residences
฿117,117
Beds 2 Beds
Baths 2 Baths
Size 111 SqM Size
Floor 2 Floor
Fully Furnished Garden View
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Available Units at Marrakesh Residences
฿117,647
Beds 4 Beds
Baths 3 Baths
Size 170 SqM Size
Floor 8 Floor
Fully Furnished Sea View
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Available Units at Marrakesh Residences
฿107,187
Great Price
Beds 1 Beds
Baths 1 Baths
Size 48.98 SqM Size
Floor 4 Floor
Thai Quota Fully Furnished City View
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Available Units at Marrakesh Residences
฿113,208
Good Price
Beds 1 Beds
Baths 1 Baths
Size 53 SqM Size
Floor - Floor
Thai Quota Fully Furnished
Get notified when new homes are being added to Marrakesh Residences

Loan Calculator

Frequently asked questions

No pets are allowed at Marrakesh Residences 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 ฿55 per square meter based on the size of indoor area of the property and is ฿2,741 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.
Hua Hin Beach is the nearest Beach from Marrakesh Residences and it is 0.3 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 Marrakesh Residences 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

4.4 out of 5 4.37
Based on
5 Reviews
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Perfect summer!
3.7 Kandace Goss, United States, 1 year ago
The place made our summer even more perfect. The property is located in an excellent location, right next to the beach and close to Cicada market, only 1 kilometer away. The condo has a large beachfront swimming pool. It's suitable for resting, but a lot of people use it on weekends. The big 1 bedroom is beautifully decorated, fully furnished, but the condition is a bit outdated.
I like everything here
5 Lula F., Brazil, 2 years ago
I rented this place for 3 weeks, and I like everything such as lovely staff, good service, long swimming pool, and a shady atmosphere. My 1-bedroom room has complete kitchen equipment making it convenient to cook. Excellent location near Hua Hin beach in walking distance. It is close to the Petchkasem main road as well, so it's very convenient to travel. You can easily find food and shops around the area. A suitable and worthwhile place to stay. I will come back to visit again.
Impressive honeymoon night
4.2 Marianne Arreola, France, 2 years ago
My boyfriend and I came to relax at this condo last week. The staff here welcomed us friendly and advised us about various tourist attractions, restaurants, and traveling to various places, allowing convenience throughout the stay. Our room is 1 bedroom, 1 bathroom, and fully furnished. The condo atmosphere is also quiet, comprising a large communal pool in the center of the condo. There is a garden around it, making the atmosphere look shady, suitable for sunbathing, or relaxing all day long. The location here is next to the beach, matching those who like the beach like us very much. It can also travel to major attractions in Hua Hin, only a few minutes from this condo.
The accommodation is unique, beautiful, and peaceful.
4.5 Hilaria Kohan, India, 2 years ago
It is suitable for weekend getaways because of peace and privacy. There are also relatively few people and it is not crowded. The on-site includes a nice swimming pool, which there is a constant cleaning of the pool area. Overall, it is ok. The building is well designed, and the security guard also serves a good job. Besides, many restaurants surrounded the accommodation, very comfortable. The location is very convenient to travel to the main attractions in Hua Hin, such as the night market, water park, bus station, and Blue Port shopping mall. If you don't want to stay in an accommodation or want to do something, various tourist attractions are close to the project. Overall, Marrakesh Residences is a great residence that I have been taken good care of.
Resort condo next to the sea, good atmosphere.
4.5 Feng Ja, China, 3 years ago
I've been here for about 6 months. It is a vacation condo with complete facilities. The design is unique, and there is also a walkway down to the beachfront. It is called the best location ever. It is also hotel-managed, which is sometimes too busy, especially during the weekends. Fortunately, the project zones the rooms well; therefore, there are no bothering noises. Besides, the project provides a large swimming pool, and the maintenance is ok. I think staying here is like sleeping in a hotel every day. Plus, the security system is very good. If anyone is looking for a vacation condo in Hua Hin city, I recommend this place.

Hua Hin

Nong Kae

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Projects Nearby Marrakesh Residences

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Number of units
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Year Built
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Project Name
Location
Number of units
Sales Prices
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Year Built
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Location
Hua Hin, Prachuap Khiri Khan, Thailand
Number of units
265
Sales Prices
฿19.5M - ฿20.1M
▲ 27% overpriced
Monthly Rentals
N/A
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Hua Hin, Prachuap Khiri Khan, Thailand
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▼ -1.2% underpriced
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Location
Hua Hin, Prachuap Khiri Khan, Thailand
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May 1997
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Completed
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Hua Hin, Prachuap Khiri Khan, Thailand
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Location
Hua Hin, Prachuap Khiri Khan, Thailand
Number of units
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฿30.1M - ฿79.3M
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Hua Hin, Prachuap Khiri Khan, Thailand
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▼ -43% underpriced
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Hua Hin, Prachuap Khiri Khan, Thailand
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Completed
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