1 Bedroom Condo for sale at Patong Beach Resort

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Patong, Kathu,Phuket
Unit ID: U217869
10% Rental Yield
฿3,220,000 Great Price
Bedroom
1 Bedroom
Bathroom
1 Bathroom
Indoor Area
63 SqM Size
Floors
5 Floor
Construction
Nov 1992 Completed

About This Condo

This property is a 63 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the Patong Beach Resort project in Patong, Phuket and was completed in Nov 1992. You can buy this condo for a base price of ฿3,220,000 (฿51,200/SqM) and it is also available for long term rentals starting from ฿25,800 per month.

Large Duluxe on Patong Beach

This deluxe condo provides a spacious area to relax after exploring Phuket or daily activities. The room is equipped with a large fridge freezer, microwave, kettle, toaster,rice cooker and electric hob but No full kitchen - The air con is new and very efficient! We have installed a brand new King size bed and mattress.  All bedding is provided accompanied with bath towels. There is Firbe Optic 100 Mbps WIFI installed! 2 55" Samsung smart TVs with Apps such as NETFLIX, YouTube, Web browser etc Also provided diving gear, flippers and snorkling masks. His and Hers sizes.

Features

BeachfrontBeachfront Beach AccessBeach Access OceanfrontOceanfront Ocean AccessOcean Access Private GymPrivate Gym Private LiftPrivate Lift Private PoolPrivate Pool Pool AccessPool Access Rooftop TerraceRooftop Terrace Private GardenPrivate Garden Garden AccessGarden Access TerraceTerrace Covered ParkingCovered Parking DuplexDuplex BalconyBalcony Wifi IncludedWifi Included Outdoor ShowersOutdoor Showers Full Western KitchenFull Western Kitchen Fully RenovatedFully Renovated (2021) Renovated BathroomRenovated Bathroom (2021) Washing MachineWashing Machine MicrowaveMicrowave TVTV Cable TVCable TV TruevisionTruevision Gardening IncludedGardening Included Pool Cleaning IncludedPool Cleaning Included

Basic Information

Property Type Condo
Floor 5
Bedroom 1
Size 63 SqM
Price per SqM ฿51,200
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%.

Company
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, Mountain View, City View, Pool View, Garden View
Unit Type N/A
Building Phuket Palace
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.
฿2,710/mo
Listed By
Private Owner
Date Listed Oct 13, 2019
Last Updated 2 weeks ago
Unit ID U217869

Price Analysis

Great Price
Estimated market value ฿6,070,000
Great
฿3,820,000
Good
Fair
Above
฿6,270,000
Current asking Price: ฿3,220,000 | Advertised rental rate: ฿25,800/mo
This condo is ฿2,850,000 BELOW MARKET (-47%) in the Phuket 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
฿3,220,000
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.
฿2,710/mo
Rent
฿25,800/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. To calculate this figure we use the advertised monthly rent rate (for a 1-year contract) and the current sales price.
10%

Project Details

Project Name: Patong Beach Resort
Developer: N/A
Construction: Completed (Nov 1992)
Floors: N/A
Buildings: N/A
Units: 1
Project Area: N/A
Nearest Landmark N/A
Location: Patong, Kathu, Phuket
Patong Beach Resort Project Details

Project Features

Hotel Managed Hotel Managed
On Site Restaurant On Site Restaurant
Communal Pool Communal Pool
Communal Gym Communal Gym
Bar Bar
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Car Parking Car Parking
Tennis Court Tennis Court
Reception / Lobby Area Reception / Lobby Area
Cigar Lounge Cigar Lounge
Communal Garden Area Communal Garden Area
Key card access Key card access

Loan Calculator

Frequently Asked Questions

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 Patong Beach Resort 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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Phuket
Patong

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