Diamond Condominium Patong

4.17 (2 Reviews)

Patong, Kathu,Phuket

Unit ID: U164181
10% Rental Yield
฿3,700,000 ฿5,400,000 Great Price
Bedroom
2 Bedrooms
Bathroom
1 Bathroom
Indoor Area
104 SqM Size
Floors
2 Floor
Construction
Oct 2002 Completed

2 Bedroom Condo for sale at Diamond Condominium Patong

This property is a 104 SqM condo with 2 bedrooms and 1 bathroom that is available for sale. It is part of the Diamond Condominium Patong project in Patong, Phuket and was completed in Oct 2002. You can buy this condo for a base price of ฿3,700,000 (฿35,577/SqM) and it is also available for long term rentals starting from ฿30,000 per month.

Features

Corner UnitCorner Unit BalconyBalcony Wifi IncludedWifi Included

Basic Information

Property Type Condo
Floor 2
Bedrooms 2
Size 104 SqM
Price per SqM ฿35,577
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) Mountain View, Park View, Garden 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.
฿4,680/mo
Listed By
Private Owner
Date Listed May 6, 2019
Last Updated 6 months ago
Unit ID U164181

Price Analysis

Great Price
Estimated market value ฿5,665,500
Great
฿5,510,000
Good
Fair
Above
฿5,990,000
Current asking Price: ฿3,700,000 | Advertised rental rate: ฿30,000/mo
This condo is ฿1,965,500 BELOW MARKET (-35%) 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
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.
฿4,680/mo
Rent
฿30,000/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.
10
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.
10%

Project Details

Developer: N/A
Construction: Completed (Oct 2002)
Floors: 6
Buildings: N/A
Units: 16
Project Area: N/A
Nearest Landmark Central Patong - 1.5 Km
Location: Patong, Kathu, Phuket
Diamond Condominium Patong Project Details

Project Features

Communal Pool Communal Pool
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Car Parking Car Parking

Available Units at Diamond Condominium Patong

For Sale 3 For Rent 4
Get notified when new homes are being added to Diamond Condominium Patong

Loan Calculator

Frequently asked questions

The common area maintenance fee is ฿45 per square meter based on the size of indoor area of the property and is ฿4,680 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.
Central Patong is the nearest Shopping Mall from Diamond Condominium Patong and it is 1.5 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 Diamond Condominium Patong 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

4.2 out of 5 4.17
Based on
2 Reviews
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
An affordable condo in Patong
4.5 Taylor Schneider, Norway, 2 years ago
I can’t believe I will find a cheap condo in the touristy area of Patong. The room I stayed in is a 2-bedroom unit, good size, and fully furnished. Although the condition may not look very new, every piece of furniture is still usable. There is a swimming pool and sunbeds on the rooftop where I can enjoy the sea view, making me feel so joyful.
Good location, quiet, close to Patong Beach.
3.8 Teddy Kai, China, 2 years ago
It has been 2 years since I have lived here. I live alone in a 2-bed unit but use the second bedroom as a working space. The atmosphere here is quiet, not crowded. My fully-furnished room includes a closet, bed, and kitchen equipment. The project provides parking lots, but it is not enough, and there is a rooftop pool. The location is convenient, which is on the way to Kata Beach, Karon Beach, and close to Patong Beach, just a few minutes away.

Phuket

Patong

Neighborhood Overview

Location and Neighborhood

Street View

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