The Lago Condominium

4.5 (1 Review)

Rawai, Phuket Town,Phuket

Unit ID: U1047536
8% Rental Yield
฿3,700,000 Great Price
Bedroom
1 Bedroom
Bathroom
1 Bathroom
Indoor Area
40 SqM Size
Floors
4 Floor
Construction
May 2016 Completed

About This Condo

This property is a 40 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the The Lago Condominium project in Rawai, Phuket and was completed in May 2016. You can buy this condo for a base price of ฿3,700,000 (฿92,500/SqM).

The project is located in the best area of Nai Harn, only 80 meters to Nai Harn Lake, 500 meters to the gorgeous Nai Harn Beach, which is only a 10-minute walk away. Nai Harn Beach is also easily accessible by car or motorbike within three minutes. Construction on this site was finished in March of 2015.

The development consists of three buildings each having four floors. There are a total of 72 units on this property. Each building has an elevator, 24-hour security, CCTV, secure key card entrance, a large 52-meter swimming pool, poolside Jacuzzi, a children’s pool, kid’s club, fitness center, beautiful garden, and ample parking.

The Lago project boasts a modern style, with bright spacious rooms, surrounded by beautiful, lush garden landscaping. All units come furnished with a sleek, contemporary design, air conditioning, and kitchenette. Enjoy the large sliding glass doors in your living room and take in the luscious jungle view from your balcony. The front of the complex has a beautiful lake and 180-degree mountain view.

The condos are a convenient walking distance to various types of restaurants. There is something for everyone to be satisfied from local Thai cuisine to French, Russian, Italian and vegetarian-friendly eateries. Also conveniently located are a plenitude of Thai and Swiss-style massage parlors, convenience stores, pharmacies,

Features

Beach AccessBeach Access BalconyBalcony Washing MachineWashing Machine MicrowaveMicrowave TVTV

Basic Information

Property Type Condo
Floor 4
Bedroom 1
Size 40 SqM
Price per SqM ฿92,500
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, 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) Mountain 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.
N/A
Listed By
Broker Network
Date Listed Dec 15, 2021
Last Updated 1 month ago
Unit ID U1047536

Price Analysis

Good Price
Estimated market value ฿3,792,940
Great
฿3,160,000
Good
Fair
Above
฿5,090,000
Current asking Price: ฿3,700,000 | Rental estimate: ฿23,800/mo
This condo is ฿92,940 BELOW MARKET (-2%) 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
฿3,700,000
Est. Rent
฿23,800/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.
13
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 The Lago Condominium, and the current sales price.
8%

Project Details

Project Name: The Lago Condominium
Developer: N/A
Construction: Completed (May 2016)
Floors: 4
Buildings: N/A
Units: 75
Project Area: N/A
Nearest Landmark Nai Harn Beach - 1 Km
Location: Rawai, Phuket Town, Phuket
The Lago Condominium Project Details

Project Features

Hotel Managed Hotel Managed
Communal Pool Communal Pool
Communal Gym Communal Gym
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Indoor Kids Zone Indoor Kids Zone
Car Parking Car Parking
Direct Beach Access Direct Beach Access
Reception / Lobby Area Reception / Lobby Area

Available Units at The Lago Condominium

For Sale 5 For Rent 2

Loan Calculator

Frequently Asked Questions

No pets are allowed at The Lago Condominium unless specifically permitted by the juristic office. Exceptions can be made for service or guide dogs for persons with disabilities.
Nai Harn Beach is the nearest Beach from The Lago Condominium 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 The Lago Condominium 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
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Excellent location
4.5 Isabella C., Sweden, 4 years ago
Excellent location, just walk a few minutes to many restaurants and bars, and next to Nai Harn Lake. Nai Harn beach is about 10 minutes away. It is a quiet and private beach. I love to sunbathe and swim here. The overall condition of the condo is good. The fitness center has complete equipment, only few people use it, and the pool is clean. One weakness is the noise from building construction, so it makes me feel stressed. The bedroom is a decent size and beautifully decorated, looks very modern, and the furniture is complete and easy to use. There is a balcony that extends from the bedroom. You can go there via the bedroom and sip wine while enjoying the view of the garden. Overall it’s good, but I would like to recommend you to recheck the schedule first as you should avoid the construction period.
Phuket
Rawai

Neighborhood Overview

Location and Neighborhood

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