Aspire Erawan

4.72 (3 Reviews)

Pak Nam, Mueang Samut Prakan,Samut Prakan

Unit ID: U405709
4% Rental Yield
฿2,900,000
Bedroom
2 Bedrooms
Bathroom
1 Bathroom
Indoor Area
35 SqM Size
Floors
29 Floor
Construction
Aug 2017 Completed

2 Bedroom Condo for sale at Aspire Erawan

This property is a 35 SqM condo with 2 bedrooms and 1 bathroom that is available for sale. It is part of the Aspire Erawan project in Pak Nam, Samut Prakan and was completed in Aug 2017. You can buy this condo for a base price of ฿2,900,000 (฿82,857/SqM) and it is also available for long term rentals starting from ฿10,000 per month.

2 Br, River view only 2,900,000 Baht

Aspire Erawan Condominium. 2,900,000 baht River view on 29th floor 2Br, 35 Sq.m (Sell with tenant)

Features

BalconyBalcony Washing MachineWashing Machine MicrowaveMicrowave TVTV Direct access to BTS/MRTDirect access to BTS/MRT

Basic Information

Property Type Condo
Floor 29
Bedrooms 2
Size 35 SqM
Price per SqM ฿82,857
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%.

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) River or Canal 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.
฿1,155/mo
Listed By
Private Owner
Date Listed Feb 27, 2020
Last Updated 1 year ago
Unit ID U405709

Price Analysis

Above Average
Estimated market value ฿2,729,527
Great
฿2,670,000
Good
Fair
Above
฿2,920,000
Current asking Price: ฿2,900,000 | Advertised rental rate: ฿10,000/mo
This condo is ฿170,473 ABOVE MARKET (6%) in the Samut Prakan 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
฿2,900,000
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.
฿1,155/mo
Rent
฿10,000/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.
24
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.
4%

Project Details

Project Name: Aspire Erawan
Developer: AP (Thailand)
Construction: Completed (Aug 2017)
Floors: 31
Buildings: 1
Units: 1576
Project Area: 10,358 SqM
Nearest Landmark Chang Erawan BTS
Location: Pak Nam, Mueang Samut Prakan, Samut Prakan
Aspire Erawan 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
Reception / Lobby Area Reception / Lobby Area
Walking / Running Track Walking / Running Track
Co-Working Space / Meeting Room Co-Working Space / Meeting Room
Lounge Lounge
Pool / Snooker Table Pool / Snooker Table
Communal Garden Area Communal Garden Area
Attached Market / Shops Attached Market / Shops
Back Up Generators Back Up Generators
Key card access Key card access

Popular Facilities at Aspire Erawan

  • Reception / Lobby Area
    Ground Floor
  • Communal Pool
    5th Floor
  • Communal Gym
    5th Floor
  • Communal Garden Area
    31st Floor
  • Co-Working Space / Meeting Room
    5th Floor

Available Units at Aspire Erawan

For Sale 5 For Rent 6
Get notified when new homes are being added to Aspire Erawan

Loan Calculator

Payment Plan

Installment Milestone Payment
Reservation Deposit
Immediately
฿50,000
1st Installment
Upon contract signing
30%
2nd Installment
On handover
70%

Frequently asked questions

No pets are allowed at Aspire Erawan 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 ฿33 per square meter based on the size of indoor area of the property and is ฿1,155 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 Aspire Erawan the required payment for the sinking fund is ฿350 per square meter based on the size of the indoor area of the property.
Chang Erawan BTS is the nearest BTS from Aspire Erawan and it is 0 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 Aspire Erawan 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
฿50,000
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 Aspire Erawan?

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Reviews

4.7 out of 5 4.72
Based on
3 Reviews
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Condo in a quiet atmosphere. Less than 3 minutes walk to BTS
4.8 Tana Arango, Mexico, 1 year ago
I bought this place because I wanted to stay in a quiet atmosphere. This condo is far from the crowded area in the city but still in a convenient location. From here, it is less than 3 minutes walk to the BTS station, which is very close and affordable. The common facilities are clean, and there is a 7-Eleven downstairs. The rooftop offers a stunning view of the Chao Phraya River curve. The rooms are a good size for 2 people, I suggest buying a room that is a little bigger if you need more space. But overall, it's worth it.
It’s a decent condo
4.3 Peter Jacob, Australia, 2 years ago
It’s a decent condo at an affordable price. This place is suitable for both residential and investment. Personally, I bought it to live by myself. My room is a one-bedroom room. The size is decent with full furniture with good quality for the price. My room is on the 30th floor, the view from the room overlooking the Chao Phraya river bend, which is exclusive. With more than a thousand units within the project, sometimes the passenger elevators or the parking lot is not enough for the residents. The location is okay, not far from BTS Chang Erawan, making it easy to travel anywhere.
It is a very attractive condo to invest.
5 Supakorn Mahisornpisan, Thailand, 3 years ago
It is a lovely condo to invest in because the location is not as busy as in the capital city, Bangkok. It is very comfortable to travel because it is next to Sukhumvit Road and Chang Erawan BTS. It makes commuting easy. The project also has a 7-11 for 24 hours. As for the one-bedroom type I bought for investment, the price was only 2 million. It is considered not expensive at all. The view from the room is the Chao Phraya River curve; the atmosphere is superb. In my room, space is well divided into decent zones. The furniture is complete. Besides, the project also has a swimming pool, a fitness center, gardens, and a security system. It's complete with everything. If you don't stay here, renting it out is a good choice.

Samut Prakan

Pak Nam

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