Paradise Ocean View

3.67 (1 Review)

Bang Lamung, Pattaya, Chon Buri

Unit ID: U10199
10% Rental Yield
฿8,200,000
Bedroom
1 Bedroom
Bathroom
1 Bathroom
Indoor Area
60.99 SqM Size
Floors
6 Floor
Construction
Nov 2014 Completed

1 Bedroom Condo for sale at Paradise Ocean View

This property is a 60.99 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the Paradise Ocean View project in Bang Lamung, Pattaya and was completed in Nov 2014. You can buy this condo for a base price of ฿8,200,000 (฿134,448/SqM).

Features

Corner UnitCorner Unit

Basic Information

Property Type Condo
Floor 6
Bedroom 1
Size 60.99 SqM
Price per SqM ฿134,448
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, 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) Sea View
Unit Type 1BR
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.
฿3,050/mo
Listed By
Developer
Date Listed Nov 3, 2016
Last Updated 2 months ago
Unit ID U10199

Investment Opportunity: Charges & Yield

Sale Price
฿8,200,000
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.
฿3,050/mo
Est. Rent
฿71,000/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.
10
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 Paradise Ocean View, and the current sales price.
10%

Project Details

Project Name: Paradise Ocean View
Developer: Global Top Group
Construction: Completed (Nov 2014)
Floors: 7
Buildings: 1
Units: 44
Project Area: 2,400 SqM
Nearest Landmark Ka Ting Lai Beach
Location: Bang Lamung, Pattaya, Chon Buri
Paradise Ocean View 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
Direct Beach Access Direct Beach Access
Sauna Sauna
Reception / Lobby Area Reception / Lobby Area

Popular Facilities at Paradise Ocean View

  • Reception / Lobby Area
    Ground Floor
  • Communal Pool
    Ground Floor
  • Communal Gym
    2nd Floor

Available Units at Paradise Ocean View

For Sale 2 For Rent 2
Get notified when new homes are being added to Paradise Ocean View

Loan Calculator

Payment Plan

Installment Milestone Payment
Reservation Deposit
Immediately
฿100,000
1st Installment
Upon contract signing
35%
2nd Installment
6 Month Installments
65%
Installment Milestone Payment
Reservation Deposit
Immediately
฿100,000
1st Installment
Upon contract signing
30%
2nd Installment
6 Month Installment
70%

Frequently asked questions

No pets are allowed at Paradise Ocean View 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 ฿50 per square meter based on the size of indoor area of the property and is ฿3,050 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 Paradise Ocean View the required payment for the sinking fund is ฿600 per square meter based on the size of the indoor area of the property.
Ka Ting Lai Beach is the nearest Beach from Paradise Ocean View and it is 0 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 Paradise Ocean View you have to follow these steps:

  • - Agreement of terms and conditions
  • - Reservation Agreement
  • - Reservation Deposit
  • - Sales and Purchase Agreement
  • - Settlement & Transfer

 


Installment Milestone Payment
Reservation Deposit
Immediately
฿100,000
1st Installment
Upon contract signing
35%
2nd Installment
6 Month Installments
65%
Installment Milestone Payment
Reservation Deposit
Immediately
฿100,000
1st Installment
Upon contract signing
30%
2nd Installment
6 Month Installment
70%

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

3.7 out of 5 3.67
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Condo next to the beach with reasonable prices
3.7 Samatha Lang, Austria, 2 years ago
The condo is next to the beach. I am impressed with this quiet atmosphere every time I visit here. I can gain a lot of new working ideas when I come here. The rooms and buildings are modern luxury designs, providing complete facilities such as an outdoor communal pool, a fitness center, and a sunbathing area by the beach, which is very private. For the security system, it is ok. The guards are always smiling, friendly, and cute. Overall, this is a worthwhile place to stay and suitable for a reasonable price.

Pattaya

Bang Lamung

Neighborhood Overview

Location and Neighborhood

Street View

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Paradise Ocean View

Bang Lamung, Pattaya, Chon Buri, Thailand

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