Grand Avenue Residence

4.67 (1 Review)

Nong Prue, Pattaya, Chon Buri

Unit ID: U891796
5% Rental Yield
฿4,000,000 Great Price
Bedroom
2 Bedrooms
Bathroom
2 Bathrooms
Indoor Area
64 SqM Size
Floors
7 Floor
Construction
Jun 2018 Completed

2 Bedroom Condo for sale at Grand Avenue Residence

This property is a 64 SqM condo with 2 bedrooms and 2 bathrooms that is available for sale. It is part of the Grand Avenue Residence project in Nong Prue, Pattaya and was completed in Jun 2018. You can buy this condo for a base price of ฿4,000,000 (฿62,500/SqM) and it is also available for long term rentals starting from ฿18,000 per month.

Features

BalconyBalcony Wifi IncludedWifi Included Full Western KitchenFull Western Kitchen MicrowaveMicrowave OvenOven TVTV

Basic Information

Property Type Condo
Floor 7
Bedrooms 2
Size 64 SqM
Price per SqM ฿62,500
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%.

Company
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) Pool View
Unit Type N/A
Building Building C
CAM Fee
These common area maintenance (CAM) fees are paid by owners for the upkeep of the common areas of condominiums and housing projects. For new residential developments, it is common to pay up to 1-3 years’ management fees in advance upon the transfer of the unit’s ownership.
฿3,200/mo
Listed By
Private Owner
Date Listed May 11, 2021
Last Updated 2 months ago
Unit ID U891796

3D Walkthrough

Price Analysis

Great Price
Estimated market value ฿4,777,588
Great
฿3,980,000
Good
Fair
Above
฿5,860,000
Current asking Price: ฿4,000,000 | Advertised rental rate: ฿18,000/mo
This condo is ฿777,588 BELOW MARKET (-16%) in the Pattaya 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
฿4,000,000
CAM Fee
These common area maintenance (CAM) fees are paid by owners for the upkeep of the common areas of condominiums and housing projects. For new residential developments, it is common to pay up to 1-3 years’ management fees in advance upon the transfer of the unit’s ownership.
฿3,200/mo
Rent
฿18,000/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: Grand Avenue Residence
Developer: Nova Group
Construction: Completed (Jun 2018)
Floors: 8
Buildings: 6
Units: 788
Project Area: 17,600 SqM
Nearest Landmark Central Pattaya Beach - 0.6 Km
Location: Nong Prue, Pattaya, Chon Buri
Grand Avenue Residence Project Details

Project Features

Hotel Managed Hotel Managed
On Site Restaurant On Site Restaurant
Communal Pool Communal Pool
Jacuzzi Jacuzzi
Communal Gym Communal Gym
Bar Bar
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Indoor Kids Zone Indoor Kids Zone
Car Parking Car Parking
Spa Spa
Steam Room Steam Room
Sauna Sauna
Reception / Lobby Area Reception / Lobby Area
Communal Garden Area Communal Garden Area

Popular Facilities at Grand Avenue Residence

  • Communal Pool
    Ground Floor
  • Communal Gym
    Ground Floor
  • Sauna
    Ground Floor
  • Steam Room
    Ground Floor

Available Units at Grand Avenue Residence

For Sale 55 For Rent 4
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฿75,000
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฿75,000
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2 Beds
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฿75,000
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฿75,000
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1 Beds
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฿80,000
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฿62,500
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2 Beds
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2 Beds
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฿82,000
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1 Beds
1 Baths
39 SqM Size
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฿82,000
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1 Beds
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฿75,000
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฿75,000
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2 Beds
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฿75,000
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1 Beds
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฿76,000
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2 Beds
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฿75,000
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฿75,000
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฿82,000
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1 Baths
36 SqM Size
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฿82,000
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1 Baths
37 SqM Size
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2 Baths
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฿82,000
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1 Baths
37 SqM Size
6 Floor
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฿82,000
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1 Beds
1 Baths
36 SqM Size
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฿82,000
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1 Beds
1 Baths
36 SqM Size
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฿82,000
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1 Beds
1 Baths
37 SqM Size
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฿75,000
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2 Beds
2 Baths
68 SqM Size
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฿76,000
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2 Beds
2 Baths
62 SqM Size
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฿75,000
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2 Beds
2 Baths
64 SqM Size
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1 Baths
56 SqM Size
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฿75,000
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1 Baths
51 SqM Size
7 Floor
Foreign Quota Pool View
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฿75,000
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1 Baths
55 SqM Size
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฿75,000
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47 SqM Size
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฿82,000
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1 Baths
37 SqM Size
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฿75,000
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2 Beds
2 Baths
64 SqM Size
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฿75,000
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2 Beds
2 Baths
70 SqM Size
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฿75,000
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฿75,000
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฿70,364
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1 Baths
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Thai Quota City View
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฿82,000
Good Price
1 Beds
1 Baths
37 SqM Size
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-
1 Beds
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34 SqM Size
2 Floor
City View
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1 Beds
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Get notified when new homes are being added to Grand Avenue Residence

Loan Calculator

Payment Plan

Installment Milestone Payment
1st Installment
Deposit
฿100,000
3rd Installment
30 days after contract signing
100%

Frequently asked questions

No pets are allowed at Grand Avenue Residence 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 ฿50 per square meter based on the size of indoor area of the property and is ฿3,200 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 Grand Avenue Residence the required payment for the sinking fund is ฿500 per square meter based on the size of the indoor area of the property.
Central Pattaya Beach is the nearest Beach from Grand Avenue Residence and it is 0.6 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 Grand Avenue Residence you have to follow these steps:

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

 


Installment Milestone Payment
1st Installment
Deposit
฿100,000
3rd Installment
30 days after contract signing
100%

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

Previous Sales (Secondary Market) at Grand Avenue Residence

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 Grand Avenue Residence?

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Reviews

4.7 out of 5 4.67
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
New Condominium
4.7 Claes Warthen, Belgium, 2 years ago
I have stayed here since the opening. The room is spacious in modern decoration. More importantly, the project is near shopping centers, restaurants; you can walk to Avenue Shopping Mall within 800 meters. If you like nightlife such as pubs and bars, there is also Walking Street, a famous place in Pattaya that is about 1 kilometer away. You can get there by motorcycle taxi, or walk if you are not lazy. I like the atmosphere of the sea and nature, so I wake up early to Pattaya Beach for sunbathing and swimming. If I remember correctly, I think the condo has a shuttle bus service that takes you from the property to Pattaya beach. Make it more convenient for me as I go there every day. On rainy days, I always use the facilities such as the swimming pool, fitness, sauna, yoga area, and my favorite spot is staying in a game room instead of going to the beach. The service here is alright, but not excellent. It might be because there are too many rooms which make it difficult to take care of all the residents, but that's not a problem for me. The room price is reasonable. If I have a chance to come back, I will stay here again for sure.

Pattaya

Nong Prue

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Projects Nearby Grand Avenue Residence

Location
Number of units
Sales Prices
Monthly Rentals
Year Built
Completion Status
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Location
Number of units
Sales Prices
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Monthly Rentals
฿20K - ฿26K
Year Built
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Number of units
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Monthly Rentals
฿9.99K - ฿20K
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Location
Pattaya, Chon Buri, Thailand
Number of units
380
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฿3.67M - ฿4.99M
Monthly Rentals
฿15K - ฿30K
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Location
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Number of units
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฿3.1M - ฿12.8M
Monthly Rentals
฿12K - ฿43.9K
Year Built
Jun 2009
Completion Status
Completed
Location
Pattaya, Chon Buri, Thailand
Number of units
1112
Sales Prices
฿2.55M - ฿8.99M
Monthly Rentals
฿7.49K - ฿40K
Year Built
Apr 2016
Completion Status
Completed
Location
Pattaya, Chon Buri, Thailand
Number of units
603
Sales Prices
฿5.32M - ฿13.5M
Monthly Rentals
N/A
Year Built
Jan 2022
Completion Status
Off Plan
Location
Pattaya, Chon Buri, Thailand
Number of units
366
Sales Prices
฿2.65M - ฿10.5M
Monthly Rentals
฿15K - ฿49.9K
Year Built
Nov 2010
Completion Status
Completed
Location
Pattaya, Chon Buri, Thailand
Number of units
N/A
Sales Prices
฿5.24M - ฿5.39M
Monthly Rentals
N/A
Year Built
Nov 1992
Completion Status
Completed
Project Name
Diana Estate
Location
Pattaya, Chon Buri, Thailand
Number of units
200
Sales Prices
฿1.9M
Monthly Rentals
N/A
Year Built
Jun 2005
Completion Status
Completed
Project Name
Center Condo
Location
Pattaya, Chon Buri, Thailand
Number of units
520
Sales Prices
N/A
Monthly Rentals
฿25K
Year Built
Nov 1990
Completion Status
Completed