1 Bedroom House for sale at Patong Bay Sea View Cottages

3.71 (2 Reviews)
Patong, Kathu,Phuket
Unit ID: U24891
7% GUAR. RETURN FOR 15 YEARS
฿6,900,000
1 Bedroom
1 Bathroom
35 SqM Indoor Area
1 Storeys
Aug 2023 Off Plan

About This House

This property is a 35 SqM house with 1 bedroom and 1 bathroom that is available for sale. It is part of the Patong Bay Sea View Cottages project in Patong, Phuket and it is scheduled for completion in Aug 2023. You can buy this house for a base price of ฿6,900,000 (฿197,143/SqM).

Features

JacuzziJacuzzi TerraceTerrace

Basic Information

Property Type House
Storeys 1
Location Patong, Kathu, Phuket
Bedroom 1
Nearest Landmark Jungceylon -1.6 Km
Indoor Area 35 SqM
Price per SqM ฿197,143
Outdoor Area
This is the combined size of the terrace, pool, parking area, and sala. It does not include the size of the garden.
20 SqM
Plot Size N/A
House Ownership

Foreign nationals can own the building (house) in their own name but not the land that it stands on.

N/A
Land Ownership

Foreign nationals cannot own land in Thailand. The options in which a foreigner can control the land are via a 30-year lease or by purchasing the land through a Thai company.

N/A
Land Title Deed N/A
Construction Off Plan (Aug 2023)
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) Sea View
Unit Type 1BR
Parking Spots N/A
Pool Size 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
Developer
Date Listed Mar 14, 2017
Last Updated 2 months ago
Unit ID U24891

3D Walkthrough

Price Analysis

Above Average
Estimated market value ฿6,251,923
Great
฿6,450,000
Good
Fair
Above
฿6,450,000
Current asking Price: ฿6,900,000
This house is ฿648,077 ABOVE MARKET (10%) in the Phuket area. It is analyzed against similar houses and is based on previous transaction data, the current market situation, neighborhood details, and the specific details of this property.
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Investment Opportunity: Charges & Yield

Sale Price
฿6,900,000
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
Guaranteed Rental Return
7%
Guarantee Duration
15 Years

Project Details

Developer: N/A
Construction: Off Plan (Aug 2023)
Units: 300
Project Area: N/A
Nearest Landmark Jungceylon - 1.6 Km
Location: Patong, Kathu, Phuket
Patong Bay Sea View Cottages Project Details

Project Features

Hotel Managed Hotel Managed
On Site Restaurant On Site Restaurant
Clubhouse Clubhouse
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Car Parking Car Parking
Spa Spa
Reception / Lobby Area Reception / Lobby Area

Available Units at Patong Bay Sea View Cottages

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Frequently Asked Questions

Patong Bay Sea View Cottages offers a guaranteed rental return of 7% (based on the purchase price of the property) for a duration of 15 Years.
Read more here.
Jungceylon is the nearest Shopping Mall from Patong Bay Sea View Cottages and it is 1.6 km away.

The building (the bricks and mortar) can be owned by a non-Thai national outright in their name in what is called the house registry which secures ownership indefinitely of the structure. 

In Thailand non-Thai nationals cannot own land outright in their name. Land can be controlled through either a Thai Company or a long-term registered lease. The longest registered lease term by Thai law is 30 years and most developers will offer 3 terms for a total of 90 years.

 

Read more here

A 30-year lease period is legally protected under Thai law and ownership cannot be disrupted. It is common for developers to offer an additional two terms of 30 contractually obligating a total of 90 years. 

Prior to purchasing a leasehold property it is important to secure a copy of the lease agreement or get further clarity on these three points.

#1 - Who is the lessor? (an individual or a Thai Company) Securing a lease from a Thai Company offers much more security than a private individual. 

#2 - Do I have voting rights as a Lessee? (Some lease contracts do not allow lessee to have voting rights)

#3 - Is there a succession clause in the lease agreement that will allow inheritance of the lease?

 

Read more here

After you have found the right property at Patong Bay Sea View Cottages you have to follow these steps:

 

  • Unit selection and agreement of terms and conditions 

  • Reservation Agreement

  • Reservation Deposit 

  • Sales and Purchase Agreement

  • 1st Contract Payment 

  • Payment Installments

  • Snag List

  • Transfer

 


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

3.7 out of 5 3.71
Based on
2 Reviews
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Cheap cottages in good location
3.4 Verified Visitor, 2 years ago
Cheap cottages in good location - not the highest quality but seems to be a good investment offer for Phuket
The best location in Patong
4 Roberto Mcconnel, Italy, 2 years ago
The project is located in the best location of Patong because it is quiet and private. The room has a very beautiful view, and it is a chain of Patong Bay Hill where you can enjoy the pool bar and restaurant here. The project has a very large area, and the facilities are considered complete. If you don't have your car, you can take a shuttle bus to the beach; it takes only 10 minutes. Going to the market and shopping nearby, it takes less than 15 minutes. Overall, it is very good. Worth the investment!!
Phuket
Patong

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby Patong Bay Sea View Cottages

Location
Number of units
Sales Prices
Monthly Rentals
Year Built
Completion Status
Project Name
Location
Number of units
Sales Prices
Monthly Rentals
Year Built
Completion Status
Project Name
Patong Bay Hill 2
Location
Patong, Kathu, Phuket
Number of units
199
Sales Prices
฿2.78M - ฿4.59M
▲ 3.6% overpriced
Monthly Rentals
N/A
Year Built
Dec 2024
Completion Status
Off Plan
Location
Patong, Kathu, Phuket
Number of units
200
Sales Prices
฿4.89M - ฿10.9M
▲ 5.3% overpriced
Monthly Rentals
N/A
Year Built
Nov 2022
Completion Status
Off Plan
Project Name
Patong Bay Hill
Location
Patong, Kathu, Phuket
Number of units
429
Sales Prices
฿5.75M - ฿6.54M
▲ 15.6% overpriced
Monthly Rentals
N/A
Year Built
Dec 2021
Completion Status
Completed
Location
Patong, Kathu, Phuket
Number of units
8
Sales Prices
฿15M
Monthly Rentals
N/A
Year Built
May 2005
Completion Status
Completed
Project Name
Beverly Hills
Location
Patong, Kathu, Phuket
Number of units
6
Sales Prices
฿44.9M
▼ -16% underpriced
Monthly Rentals
฿37.9K - ฿175K
Year Built
Dec 2001
Completion Status
Completed
Location
Patong, Kathu, Phuket
Number of units
N/A
Sales Prices
฿14M
Monthly Rentals
N/A
Year Built
May 2002
Completion Status
Completed
Location
Patong, Kathu, Phuket
Number of units
30
Sales Prices
฿7.28M
▲ 15% overpriced
Monthly Rentals
N/A
Year Built
Jun 2004
Completion Status
Completed
Location
Patong, Kathu, Phuket
Number of units
16
Sales Prices
฿4.79M - ฿15M
▼ -39% underpriced
Monthly Rentals
฿16K - ฿64.8K
Year Built
Oct 2002
Completion Status
Completed
Project Name
ART at Patong
Location
Patong, Kathu, Phuket
Number of units
173
Sales Prices
฿2.09M - ฿6.48M
▲ 1.8% overpriced
Monthly Rentals
N/A
Year Built
Dec 2010
Completion Status
Completed
Project Name
Bukit Pool Villa
Location
Patong, Kathu, Phuket
Number of units
6
Sales Prices
฿20.5M - ฿23.4M
▼ -2.8% underpriced
Monthly Rentals
฿120K
Year Built
Jul 2015
Completion Status
Completed
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