Royal Place 1

4.33 (1 Review)

Lumphini, Pathum Wan,Bangkok

Unit ID: U36805
7% Rental Yield
฿5,000,000 ฿5,500,000 Great Price
Bedroom
1 Bedroom
Bathroom
1 Bathroom
Indoor Area
64 SqM Size
Floors
17 Floor
Construction
Dec 1997 Completed

1 Bedroom Condo for sale at Royal Place 1

This property is a 64 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the Royal Place 1 project in Lumphini, Bangkok and was completed in Dec 1997. You can buy this condo for a base price of ฿5,000,000 (฿78,125/SqM).

Basic Information

Property Type Condo
Floor 17
Bedroom 1
Size 64 SqM
Price per SqM ฿78,125
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%.

Leasehold
Furniture
Specific items of furniture can be requested in the sale, or buyers can offer to purchase some or all of it. When negotiating a deal, either party can suggest that such items be included in the sale price.
Negotiable
View(s) N/A
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.
฿2,560/mo
Listed By
Private Owner
Date Listed Nov 8, 2017
Last Updated 1 month ago
Unit ID U36805

Price Analysis

Great Price
Estimated market value ฿5,545,399
Great
฿5,050,000
Good
Fair
Above
฿6,190,000
Current asking Price: ฿5,000,000 | Rental estimate: ฿27,700/mo
This condo is ฿545,399 BELOW MARKET (-10%) 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
฿5,000,000
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.
฿2,560/mo
Rent
฿25,000/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.
15
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.
7%

Project Details

Project Name: Royal Place 1
Developer: N/A
Construction: Completed (Dec 1997)
Floors: 29
Buildings: N/A
Units: 380
Project Area: N/A
Nearest Landmark Ratchadamri BTS - 0.3 Km
Location: Lumphini, Pathum Wan, Bangkok
Royal Place 1 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
Sauna Sauna

Loan Calculator

Frequently asked questions

No pets are allowed at Royal Place 1 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 ฿40 per square meter based on the size of indoor area of the property and is ฿2,560 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.
Ratchadamri BTS is the nearest BTS from Royal Place 1 and it is 0.3 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 Royal Place 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

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
This condo is in a good condition
4.3 Danny Enochs, Austria, 3 years ago
I can't believe that this project was completed 20 years ago because the entire building looks new. The room I live is a one-bedroom unit which the bedroom is much wider than a normal condo. The location is great, not far from Ratchadamri BTS, just 5 minutes walk. So, it's easy to get around and worry less about a traffic jam. I usually go to Siam as it's just one BTS station away. Like other condos, the facilities are basic such as a swimming pool, passenger elevators, and fitness center. They are not as fascinating as other new condos, but they are in good condition. Overall, I am satisfied with the place. I think the price is reasonable, considering its quality and location.

Bangkok

Lumphini

Neighborhood Overview

Location and Neighborhood

Street View

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