Heritage Suites

4.33 (1 Review)

Kathu, Kathu,Phuket

Unit ID: U589750
6% Rental Yield
฿7,000,000 Great Price
Bedroom
2 Bedrooms
Bathroom
2 Bathrooms
Indoor Area
160 SqM Size
Floors
3 Floor
Construction
Dec 2008 Completed

2 Bedroom Condo for sale at Heritage Suites

This property is a 160 SqM condo with 2 bedrooms and 2 bathrooms that is available for sale. It is part of the Heritage Suites project in Kathu, Phuket and was completed in Dec 2008. You can buy this condo for a base price of ฿7,000,000 (฿43,750/SqM) and it is also available for long term rentals starting from ฿35,000 per month.

Large condominium fully furnished at the heart of Phuket

Condominium available now, fully furnished, near KIS, Tesco Lotus, Central and Bangkok Phuket Hospitals. Fully furnished with European furnitures. Swimming pool, fitness and steam tub. 160 square/meter, third floor access by lifts, very quiet and well maintenance.

Features

JacuzziJacuzzi BalconyBalcony Full Western KitchenFull Western Kitchen Renovated BathroomRenovated Bathroom (2016) Washing MachineWashing Machine MicrowaveMicrowave OvenOven TVTV Cable TVCable TV

Basic Information

Property Type Condo
Floor 3
Bedrooms 2
Size 160 SqM
Price per SqM ฿43,750
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) Lake 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.
฿6,400/mo
Listed By
Private Owner
Date Listed May 25, 2020
Last Updated 1 year ago
Unit ID U589750

Price Analysis

Great Price
Estimated market value ฿11,485,009
Great
฿11,100,000
Good
Fair
Above
฿12,300,000
Current asking Price: ฿7,000,000 | Advertised rental rate: ฿35,000/mo
This condo is ฿4,485,009 BELOW MARKET (-39%) 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
฿7,000,000
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.
฿6,400/mo
Rent
฿35,000/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.
17
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.
6%

Project Details

Project Name: Heritage Suites
Developer: N/A
Construction: Completed (Dec 2008)
Floors: 7
Buildings: N/A
Units: 67
Project Area: N/A
Nearest Landmark Prince Of Songkla University Phuket Campus - 1.7 Km
Location: Kathu, Kathu, Phuket
Heritage Suites Project Details

Project Features

On Site Restaurant On Site Restaurant
Communal Pool Communal Pool
Communal Gym Communal Gym
Clubhouse Clubhouse
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Car Parking Car Parking
Steam Room Steam Room

Available Units at Heritage Suites

For Sale 2 For Rent 3
Get notified when new homes are being added to Heritage Suites

Loan Calculator

Frequently asked questions

The common area maintenance fee is ฿38 per square meter based on the size of indoor area of the property and is ฿6,400 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.
Prince Of Songkla University Phuket Campus is the nearest University from Heritage Suites and it is 1.7 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 Heritage Suites 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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Find out how much your property is worth and start your listing for free.

Reviews

4.3 out of 5 4.33
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Big room, cozy and travel convenient
4.3 Latosha Smirnov, Russia, 3 years ago
The condo is close to the city center, so it's easy to travel everywhere like Tesco Lotus, Central Festival, or the Weekend night market. Also near Patong Beach, it takes less than 20 minutes. The project's location is not on a busy road with optional routes. The condo was finished many years ago, so it looks a bit old. Most of the neighbors here are foreigners that live with family and children, making some noisy days. The room is large. You can see that there are small numbers of units in 2 buildings. I can enjoy the large space in the bedroom and bathroom, which has a bathtub and rain shower. The balcony is massive, too, so that I can enjoy the view. There is also a clubhouse, a pool, gym, and parking space.

Phuket

Kathu

Neighborhood Overview

Location and Neighborhood

Street View

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