1 Bedroom Condo for sale at Plus Condo 1

3.67 (1 Review)
Kathu, Kathu,Phuket
Unit ID: U26560
12% Rental Yield
฿1,299,000 ฿1,500,000 Great Price
1 Bedroom
1 Bathroom
30 SqM Size
4 Floor
Dec 2012 Completed

About This Condo

This property is a 30 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the Plus Condo 1 project in Kathu, Phuket and was completed in Dec 2012. You can buy this condo for a base price of ฿1,299,000 (฿43,300/SqM).

Basic Information

Property Type Condo
Floor 4
Bedroom 1
Size 30 SqM
Price per SqM ฿43,300
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) Mountain View, 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.
฿840/mo
Listed By
Private Owner
Date Listed May 18, 2017
Last Updated 2 years ago
Unit ID U26560

Price Analysis

Great Price
Estimated market value ฿2,283,181
Great
฿1,200,000
Good
Fair
Above
฿2,510,000
Current asking Price: ฿1,299,000 | Rental estimate: ฿12,600/mo
This condo is ฿984,181 BELOW MARKET (-43%) 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.
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Investment Opportunity: Charges & Yield

Sale Price
฿1,299,000
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.
฿840/mo
Est. Rent
฿12,600/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.
9
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 Plus Condo 1, and the current sales price.
12%

Project Details

Project Name: Plus Condo 1
Developer: N/A
Construction: Completed (Dec 2012)
Floors: 8
Buildings: N/A
Units: 157
Project Area: N/A
Nearest Landmark Prince Of Songkla University Phuket Campus - 2.6 Km
Location: Kathu, Kathu, Phuket
Plus Condo 1 Project Details

Project Features

Hotel Managed Hotel Managed
Communal Gym Communal Gym
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Car Parking Car Parking
Reception / Lobby Area Reception / Lobby Area

Available Units at Plus Condo 1

For Sale 2 For Rent 1
Get notified when new homes are being added to Plus Condo 1

Loan Calculator

Frequently Asked Questions

The common area maintenance fee is ฿28 per square meter based on the size of indoor area of the property and is ฿840 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.
Prince Of Songkla University Phuket Campus is the nearest University from Plus Condo 1 and it is 2.6 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 Plus Condo 1 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

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
Good place to stay!
3.7 Jaeyoung Bae, South Korea, 4 years ago
In Kathu, this is a good spot to stay. I've been renting here for over two years. Excellent location, adjacent to Kathu fresh market, and convenience stores such as 7-eleven are only a few hundred meters away. Many Thai restaurants are around the project. People are extremely helpful and polite, and it takes 15-20 minutes to get to Patong. The project is nice, with a room size of 30 square meters, one bedroom. There is a balcony and a small kitchen corner. It is suitable for a single person to live alone. Fitness and parking are available at the project, and enough parking space for the residents. Anyways, the area has heavy traffic, it’s pretty noisy from the car horns.
Phuket
Kathu

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby Plus Condo 1

Location
Number of units
Sales Prices
Monthly Rentals
Year Built
Completion Status
Project Name
Location
Number of units
Sales Prices
Monthly Rentals
Year Built
Completion Status
Location
Kathu, Kathu, Phuket
Number of units
60
Sales Prices
฿3.17M
Monthly Rentals
N/A
Year Built
Jun 2008
Completion Status
Completed
Project Name
Hopeland Village
Location
Kathu, Kathu, Phuket
Number of units
92
Sales Prices
฿15.1M
▲ 7% overpriced
Monthly Rentals
N/A
Year Built
Feb 2014
Completion Status
Completed
Location
Kathu, Kathu, Phuket
Number of units
653
Sales Prices
฿1.28M - ฿1.53M
▼ -1.3% underpriced
Monthly Rentals
฿7.55K - ฿10.1K
Year Built
Dec 2013
Completion Status
Completed
Location
Kathu, Kathu, Phuket
Number of units
50
Sales Prices
฿8.56M - ฿9.01M
Monthly Rentals
฿13.6K
Year Built
Dec 2003
Completion Status
Completed
Location
Kathu, Kathu, Phuket
Number of units
379
Sales Prices
฿7.55M
Monthly Rentals
N/A
Year Built
Dec 2009
Completion Status
Completed
Project Name
Pruksa Ville 82/1
Location
Kathu, Kathu, Phuket
Number of units
195
Sales Prices
฿7.53M
Monthly Rentals
N/A
Year Built
Aug 2016
Completion Status
Completed
Location
Kathu, Kathu, Phuket
Number of units
34
Sales Prices
฿13M
▼ -15% underpriced
Monthly Rentals
฿40.3K
Year Built
Nov 2010
Completion Status
Completed
Location
Kathu, Kathu, Phuket
Number of units
190
Sales Prices
฿4.93M
▼ -10% underpriced
Monthly Rentals
N/A
Year Built
Dec 2014
Completion Status
Completed
Project Name
Plus Condo 2
Location
Kathu, Kathu, Phuket
Number of units
273
Sales Prices
฿1.66M - ฿3.51M
▼ -16% underpriced
Monthly Rentals
฿12.1K - ฿20.1K
Year Built
Dec 2012
Completion Status
Completed
Location
Kathu, Kathu, Phuket
Number of units
37
Sales Prices
฿18.9M
Monthly Rentals
฿90.6K - ฿101K
Year Built
Mar 2007
Completion Status
Completed
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