Royal Place

4.58 (2 Reviews)

Kathu, Kathu,Phuket

Unit ID: U42832
4% Rental Yield
฿2,000,000 ฿2,900,000
Bedroom
1 Bedroom
Bathroom
1 Bathroom
Indoor Area
50 SqM Size
Floors
6 Floor
Construction
Jun 2012 Completed

1 Bedroom Condo for sale at Royal Place

This property is a 50 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the Royal Place project in Kathu, Phuket and was completed in Jun 2012. You can buy this condo for a base price of ฿2,000,000 (฿40,000/SqM).

Features

Pool AccessPool Access Covered ParkingCovered Parking BalconyBalcony Full Western KitchenFull Western Kitchen

Basic Information

Property Type Condo
Floor 6
Bedroom 1
Size 50 SqM
Price per SqM ฿40,000
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) Pool 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.
฿2,000/mo
Listed By
Private Owner
Date Listed Dec 8, 2017
Last Updated 6 months ago
Unit ID U42832

Price Analysis

Above Average
Estimated market value ฿1,752,179
Great
฿1,250,000
Good
Fair
Above
฿2,310,000
Current asking Price: ฿2,000,000 | Rental estimate: ฿7,440/mo
This condo is ฿247,821 ABOVE MARKET (14%) 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
฿2,000,000
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.
฿2,000/mo
Est. Rent
฿7,440/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.
22
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 Royal Place, and the current sales price.
4%

Project Details

Project Name: Royal Place
Construction: Completed (Jun 2012)
Floors: 8
Buildings: N/A
Units: 478
Project Area: N/A
Nearest Landmark Robinson Lifestyle Thalang Phuket - 1 Km
Location: Kathu, Kathu, Phuket
Royal Place Project Details

Project Features

On Site Restaurant On Site Restaurant
Communal Pool Communal Pool
Communal Gym Communal Gym
Clubhouse Clubhouse
CCTV (Video Surveillance) CCTV (Video Surveillance)
Car Parking Car Parking
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This condo was reserved by another buyer but check out these similar properties

Available Units at Royal Place

For Sale 5 For Rent 2
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Frequently asked questions

The common area maintenance fee is ฿40 per square meter based on the size of indoor area of the property and is ฿2,000 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.
Robinson Lifestyle Thalang Phuket is the nearest Shopping Mall from Royal Place and it is 1 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 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

4.6 out of 5 4.58
Based on
2 Reviews
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Nice condo in Phuket town
4.2 Mark Simpson, Australia, 1 year ago
Like other general condo, the project is located in the city center near QSI International School, so I can easily commute to work. The neighborhood is full of malls, restaurants, shops, and convenience stores. On my day off, I usually ride a bike to Patong Beach, which is 15 minutes away, or other beaches nearby. The room is okay, and the bedroom is proportionally divided. There is a small kitchen for an easy meal and built-in furniture. I've got a fair rental price, but that depends on the room owner as well.
Everything is considered convenient.
5 Jaratsri O., Thailand, 2 years ago
I had stayed here two years ago before I moved back home. This year, I decided to move back to Phuket again and chose to stay at the same place, but in phase 3. Everything is considered convenient near Tesco Lotus Extra Phuket, Central Festival Phuket, Bangkok Hospital Phuket, Chillva Market, and others, making life a lot easier. But I am struggling in the traffic jam a bit; it's typical for the downtown location. The project is beautiful and decorated very nicely. There is a restaurant in the project at an affordable price. There is a swimming pool and a gym too. I don't need to worry about safety because there is staff in charge all the time. The room we rented is on the 6th floor. It's a one-bedroom unit with furniture, but there is no pan and kitchen equipment. I have to buy them myself. But it's not a big deal. Overall, it's suitable, and the rent is not very expensive.

Phuket

Kathu

Neighborhood Overview

Location and Neighborhood

Street View

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