Ratchaporn Place

4.5 (2 Reviews)

Kathu, Kathu,Phuket

Unit ID: U689112
6% Rental Yield
฿1,683,000 Great Price
Bedroom
1 Bedroom
Bathroom
1 Bathroom
Indoor Area
36 SqM Size
Floors
4 Floor
Construction
Jul 2015 Completed

1 Bedroom Condo for sale at Ratchaporn Place

This property is a 36 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the Ratchaporn Place project in Kathu, Phuket and was completed in Jul 2015. You can buy this condo for a base price of ฿1,683,000 (฿46,750/SqM) and it is also available for long term rentals starting from ฿8,000 per month.

Features

BalconyBalcony MicrowaveMicrowave TVTV

Basic Information

Property Type Condo
Floor 4
Bedroom 1
Size 36 SqM
Price per SqM ฿46,750
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) Pool 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.
฿1,260/mo
Listed By
Private Owner
Date Listed Mar 29, 2021
Last Updated 7 months ago
Unit ID U689112

Price Analysis

Great Price
Estimated market value ฿2,149,720
Great
฿2,130,000
Good
Fair
Above
฿2,230,000
Current asking Price: ฿1,683,000 | Advertised rental rate: ฿8,000/mo
This condo is ฿466,720 BELOW MARKET (-22%) 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
฿1,683,000
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.
฿1,260/mo
Rent
฿8,000/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.
18
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.
6%

Project Details

Project Name: Ratchaporn Place
Developer: N/A
Construction: Completed (Jul 2015)
Floors: 7
Buildings: N/A
Units: 200
Project Area: N/A
Nearest Landmark Central Festival Phuket - 2.2 Km
Location: Kathu, Kathu, Phuket
Ratchaporn Place Project Details

Project Features

Hotel Managed Hotel Managed
Communal Pool Communal Pool
Jacuzzi Jacuzzi
Communal Gym Communal Gym
Bar Bar
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Indoor Kids Zone Indoor Kids Zone
Car Parking Car Parking
Sauna Sauna
Reception / Lobby Area Reception / Lobby Area

Available Units at Ratchaporn Place

For Sale 4 For Rent 2
Get notified when new homes are being added to Ratchaporn Place

Loan Calculator

Frequently asked questions

The common area maintenance fee is ฿35 per square meter based on the size of indoor area of the property and is ฿1,260 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.
Central Festival Phuket is the nearest Shopping Mall from Ratchaporn Place and it is 2.2 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 Ratchaporn Place 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

4.5 out of 5 4.5
Based on
2 Reviews
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Nice condo in Kathu area.
4.2 Jun K, Thailand, 2 years ago
The best condo in the Kathu area. The room is a one-bedroom, and residents have access to large common areas such as a swimming pool, parking, and a fitness center. The neighbors are nice. The project is in a great location, close to restaurants, shops, and a fresh market. It is also easy to travel. Close to Central Festival Phuket and takes about 10 minutes to get to Patong Beach.
I decided to buy it.
4.8 Sofia R., United States, 2 years ago
I rented a room here for three months. After talking to the owner of the room, I decided to buy it. The room that I purchased is a fully-furnished 1-bedroom and 1-bathroom, the size is suitable for 1-2 people. The price is reasonable. Unfortunately, the swimming pool is a bit small, but the other facilities are well maintained. The wifi is high-speed. Convenient location in the Kathu area, near Phuket Country Club Golf Course and Prince of Songkla University - Phuket Campus.

Phuket

Kathu

Neighborhood Overview

Location and Neighborhood

Street View

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Projects Nearby Ratchaporn Place

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Kathu, Phuket, Thailand
Number of units
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Number of units
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