1 Bedroom Condo for sale at The Nest Sukhumvit 71

4.33 (4 Reviews)
Phra Khanong Nuea, Watthana,Bangkok
Unit ID: U632488
5% Rental Yield
฿3,000,000 ฿3,400,000 Great Price
1 Bedroom
1 Bathroom
26 SqM Size
8 Floor
Sep 2020 Completed

About This Condo

This property is a 26 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the The Nest Sukhumvit 71 project in Phra Khanong Nuea, Bangkok and was completed in Sep 2020. You can buy this condo for a base price of ฿3,000,000 (฿115,385/SqM) and it is also available for long term rentals starting from ฿13,000 per month.

Cozy - brand new - functional - affordable

This new low rise development will be ready to move in Oct 2020. It is located 5 minutes from main Sukhumvit road and Sukhumvit 71(Phra Khanong). With easy access to the W night market, T77 community, and multiple supermarkets. Phra Khanong is a true culinary lane where you can find all the cuisines of the world for an affordable price "value for money". The project itself has a resort feeling, by offering large garden spaces and wide communal pools for relaxations. The facilities are modern and ideal for any generation. The unit itself is position in a corner and is one of the larger units in the complex with smart storage spaces and fully functional kitchen and bathroom. The mood and tone of the fittings and furniture are pleasing to the high and from durable materials .

Features

Private PoolPrivate Pool Pool AccessPool Access Rooftop TerraceRooftop Terrace Private GardenPrivate Garden Garden AccessGarden Access TerraceTerrace Covered ParkingCovered Parking BalconyBalcony MicrowaveMicrowave TVTV Access to BTS/MRTAccess to BTS/MRT

Basic Information

Property Type Condo
Floor 8
Bedroom 1
Size 26 SqM
Price per SqM ฿115,385
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) 360° View, Garden View
Unit Type D
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.
฿1,430/mo
Listed By
Private Owner
Date Listed Sep 10, 2020
Last Updated 1 year ago
Unit ID U632488

3D Walkthrough

Price Analysis

Great Price
Estimated market value ฿3,270,949
Great
฿3,260,000
Good
Fair
Above
฿3,560,000
Current asking Price: ฿3,000,000 | Advertised rental rate: ฿13,000/mo
This condo is ฿270,949 BELOW MARKET (-8%) 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
฿3,000,000
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.
฿1,430/mo
Rent
฿13,000/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.
19
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.
5%

Project Details

Project Name: The Nest Sukhumvit 71
Developer: The Nest Property
Construction: Completed (Sep 2020)
Floors: 8
Buildings: 5
Units: 515
Project Area: 8,216 SqM
Nearest Landmark Phra Khanong BTS - 1 Km
Location: Phra Khanong Nuea, Watthana, Bangkok
The Nest Sukhumvit 71 Project Details

Project Features

Communal Pool Communal Pool
Communal Gym Communal Gym
Clubhouse Clubhouse
CCTV (Video Surveillance) CCTV (Video Surveillance)
Car Parking Car Parking
Reception / Lobby Area Reception / Lobby Area
Yoga Area Yoga Area
Co-Working Space / Meeting Room Co-Working Space / Meeting Room
Key card access Key card access

Popular Facilities at The Nest Sukhumvit 71

  • Reception / Lobby Area
    Ground Floor
  • Communal Pool
    Ground Floor
  • Communal Gym
    Ground Floor
  • Communal Garden Area
    Ground Floor

Available Units at The Nest Sukhumvit 71

For Sale 9 For Rent 3
Get notified when new homes are being added to The Nest Sukhumvit 71

Loan Calculator

Payment Plan

Installment Milestone Payment
Reservation Deposit
Immediately
฿40,000
1st Installment
Upon contract signing
30%
2nd Installment
On handover
70%

Frequently Asked Questions

No pets are allowed at The Nest Sukhumvit 71 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 ฿55 per square meter based on the size of indoor area of the property and is ฿1,430 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.
For new projects, the buyer pays a one-off lump sum upon transfer of the property from the developer to the buyer. This fund is to be used for major renovations and replacement of equipment when necessary, to ensure the maintenance of the building and the common area. At The Nest Sukhumvit 71 the required payment for the sinking fund is ฿600 per square meter based on the size of the indoor area of the property.
Phra Khanong BTS is the nearest BTS from The Nest Sukhumvit 71 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 Nest Sukhumvit 71 you have to follow these steps:

  • - Agreement of terms and conditions
  • - Reservation Agreement
  • - Reservation Deposit
  • - Sales and Purchase Agreement
  • - Settlement & Transfer

 


Installment Milestone Payment
Reservation Deposit
Immediately
฿40,000
1st Installment
Upon contract signing
30%
2nd Installment
On handover
70%

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

Do you own a property at The Nest Sukhumvit 71?

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Reviews

4.3 out of 5 4.33
Based on
4 Reviews
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
I like it here!
5 Jan T., Thailand, 1 year ago
I just moved into a room a week ago and was still excited because this is my first asset since I started working. The atmosphere around it looks quiet and livable. Also, it's close to the office. I like the project's communal area features a swimming pool, a library, and a yoga room. Plus, there are spacious seating areas and gardens in the shady and well-ventilated project. The security system here is very strict. Now, not many neighbors moving in, and most of them are foreigners.
Walking distance from Sukhumvit road
4.5 Marciano brewster, Netherlands, Current Resident, 1 year ago
I bought a unit here because its located in a prime location for a acceptable price, walking distance from Sukhumvit road or Onnut area. The condo is behind T77 district and is part of Bangkok's largest expat community. The W market is just at the end of the soi and all restaurants offer "value for money" deals. Phra Khanong is growing into a mi of local and international restaurants. The condo itself has the right price per sqm compared to any other new development in the area. The unit comes fully furnished. Because Phra Khanong/Onnut has a high influx of people, the occupancy rates for rentals are high!
Can't wait to see this condo
3.8 Setthapat Teewarat, Thailand, 2 years ago
Lucky me! I bought this condo in the presale session to book the unit with the pool and garden. The common area is filled with green space like a small oasis in the project. We will see if the project will be decorated as the picture has claimed. My room is 1-BDR, which is pretty cramped to place a king-size bed. It comes with built-in furniture. The materials used in a showroom are pretty good and luxurious. The room is not very wide, with a close-plan kitchen, suitable for living alone. It's also worthwhile for investment. You can still make some profit from renting it out because of its location in Sukhumvit. Hopefully, it will be completed soon.
Near Phra Khanong BTS, convenient transportation
4 Luke Brain, Australia, 2 years ago
One of the best projects not far from the Sukhumvit area, located in the Phra Khanong area. The project is surrounded by various amenities, including restaurants, convenience stores, fresh markets, and close to Phra Khanong BTS station. It's also easily accessible to the town. The project site has a good atmosphere, not like staying in the city at all as many trees and lush green areas surrounding. The overall atmosphere is pleasant, and the room is beautiful and fully furnished. The price is also affordable, not so expensive. You can either buy to live or rent it out; it's also worthwhile because many foreigners live here. Worth the price paid !!
Bangkok
Phra Khanong Nuea

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