O2 Hip Condo

4.33 (1 Review)

Lumphini, Pathum Wan,Bangkok

Unit ID: U83388
4% Rental Yield
฿8,500,000
Bedroom
1 Bedroom
Bathroom
1 Bathroom
Indoor Area
50 SqM Size
Floors
7 Floor
Construction
Feb 2010 Completed

About This Condo

This property is a 50 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the O2 Hip Condo project in Lumphini, Bangkok and was completed in Feb 2010. You can buy this condo for a base price of ฿8,500,000 (฿170,000/SqM).

Features

BalconyBalcony

Basic Information

Property Type Condo
Floor 7
Bedroom 1
Size 50 SqM
Price per SqM ฿170,000
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) 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.
฿4,000/mo
Listed By
Each listing provided by partnered agents is individually verified by BangkokPost. Partner Agents work for different brokerages or property management companies but have teamed up with BangkokPost so that we can provide you a wider choice of properties
Agent / Partner
Date Listed Sep 3, 2018
Last Updated 3 years ago
Unit ID U83388

Price Analysis

Above Average
Estimated market value ฿7,432,164
Great
฿3,950,000
Good
Fair
Above
฿10,300,000
Current asking Price: ฿8,500,000 | Rental estimate: ฿31,000/mo
This condo is ฿1,067,836 ABOVE MARKET (14%) 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
฿8,500,000
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.
฿4,000/mo
Est. Rent
฿31,000/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.
23
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 O2 Hip Condo, and the current sales price.
4%

Project Details

Project Name: O2 Hip Condo
Developer: N/A
Construction: Completed (Feb 2010)
Floors: 7
Buildings: N/A
Units: 48
Project Area: N/A
Nearest Landmark Phloen Chit BTS - 0.2 Km
Location: Lumphini, Pathum Wan, Bangkok
O2 Hip Condo Project Details

Project Features

Communal Pool Communal Pool
Communal Gym Communal Gym
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Car Parking Car Parking

Available Units at O2 Hip Condo

For Sale 5 For Rent 3
Get notified when new homes are being added to O2 Hip Condo

Loan Calculator

Frequently Asked Questions

No pets are allowed at O2 Hip Condo 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 ฿80 per square meter based on the size of indoor area of the property and is ฿4,000 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.
Phloen Chit BTS is the nearest BTS from O2 Hip Condo and it is 0.2 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 O2 Hip Condo 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

4.3 out of 5 4.33
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
The condo is nice and peaceful.
4.3 Alisa S., Canada, 2 years ago
Many years ago, I was looking for a condo that was centrally located but still provided privacy. This one is a challenging requirement. But I eventually found this project, where I've now lived for over 5 years. I can say confidently that it fits all of my needs. Besides, this condo has only 8 units per floor. As a result, both inside and outside the project, there is privacy. In terms of rooms, it's very spacious, even a 1-bedroom unit. There's also a great common area because the rooftop has a large swimming pool. Unfortunately, no gym center is available in the common area. However, to fix this problem, the project has given a membership to the Novotel Hotel gym, which is really good.
Bangkok
Lumphini

Neighborhood Overview

Location and Neighborhood

Street View

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Projects Nearby O2 Hip Condo

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Number of units
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Year Built
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Project Name
Location
Number of units
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Year Built
Completion Status
Project Name
Craft Ploenchit
Location
Lumphini, Pathum Wan, Bangkok
Number of units
90
Sales Prices
฿10.7M
Monthly Rentals
N/A
Year Built
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Location
Lumphini, Pathum Wan, Bangkok
Number of units
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฿5.28M - ฿9.46M
▲ 10.4% overpriced
Monthly Rentals
฿24.9K - ฿44.9K
Year Built
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Location
Lumphini, Pathum Wan, Bangkok
Number of units
62
Sales Prices
฿7.38M - ฿17.9M
▼ -6% underpriced
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฿21.9K - ฿44.9K
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Dec 2011
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Completed
Project Name
Noble Ploenchit
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Lumphini, Pathum Wan, Bangkok
Number of units
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฿10.8M - ฿77.7M
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฿24.9K - ฿189K
Year Built
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Completion Status
Completed
Location
Lumphini, Pathum Wan, Bangkok
Number of units
252
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฿2.79M - ฿4.34M
▼ -21% underpriced
Monthly Rentals
N/A
Year Built
Dec 1983
Completion Status
Completed
Project Name
Life One Wireless
Location
Lumphini, Pathum Wan, Bangkok
Number of units
1344
Sales Prices
฿4.04M - ฿10.9M
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Monthly Rentals
฿13.9K - ฿49.8K
Year Built
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Completion Status
Completed
Project Name
Park Ploenchit
Location
Lumphini, Pathum Wan, Bangkok
Number of units
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฿5.18M - ฿9.31M
Monthly Rentals
฿24.9K - ฿34.9K
Year Built
Jan 1997
Completion Status
Completed
Project Name
Somkid Gardens
Location
Lumphini, Pathum Wan, Bangkok
Number of units
100
Sales Prices
฿45.9M
Monthly Rentals
฿38.9K - ฿125K
Year Built
Dec 1995
Completion Status
Completed
Project Name
Wittayu Complex
Location
Lumphini, Pathum Wan, Bangkok
Number of units
378
Sales Prices
฿4.78M - ฿19.4M
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Dec 1996
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Completed
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Lumphini, Pathum Wan, Bangkok
Number of units
48
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฿15.3M - ฿19.8M
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฿44.9K - ฿150K
Year Built
Jan 1994
Completion Status
Completed
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