Lumpini Park Riverside Rama 3

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Bang Phongphang, Yan Nawa,Bangkok

Unit ID: U967014
4% Rental Yield
฿4,450,000
Bedroom
2 Bedrooms
Bathroom
2 Bathrooms
Indoor Area
60.69 SqM Size
Floors
18 Floor
Construction
Dec 2011 Completed

2 Bedroom Condo for sale at Lumpini Park Riverside Rama 3

This property is a 60.69 SqM condo with 2 bedrooms and 2 bathrooms that is available for sale. It is part of the Lumpini Park Riverside Rama 3 project in Bang Phongphang, Bangkok and was completed in Dec 2011. You can buy this condo for a base price of ฿4,450,000 (฿73,323/SqM).

Features

BalconyBalcony

Basic Information

Property Type Condo
Floor 18
Bedrooms 2
Size 60.69 SqM
Price per SqM ฿73,323
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%.

Foreign Quota, Thai Quota
Furniture
Partly furnished means the property contains the basics i.e. beds, sofa, table and chairs, wardrobes but no electronic appliances, utensils and glassware in the kitchen.
Partly Furnished
View(s) City View, Unblocked Open 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.
฿2,124/mo
Listed By
Each listing provided by partnered agents is individually verified by BangkokPost. Partner Agents work for different brokerages or property management companies but have teamed up with BangkokPost so that we can provide you a wider choice of properties
Agent / Partner
Date Listed May 31, 2021
Last Updated 7 months ago
Unit ID U967014

Investment Opportunity: Charges & Yield

Sale Price
฿4,450,000
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.
฿2,124/mo
Est. Rent
฿14,100/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.
26
Rental Yield
This is the gross rental yield based on the estimated rental rate. To calculate this figure we use the average monthly rent rates (for 1-year contracts) from other 2 bedroom condos at Lumpini Park Riverside Rama 3, and the current sales price.
4%

Project Details

Developer: LPN Development
Construction: Completed (Dec 2011)
Floors: 36
Buildings: N/A
Units: 2405
Project Area: N/A
Nearest Landmark Surasak BTS - 4.5 Km
Location: Bang Phongphang, Yan Nawa, Bangkok
Lumpini Park Riverside Rama 3 Project Details

Project Features

On Site Restaurant On Site Restaurant
Communal Pool Communal Pool
Communal Gym Communal Gym
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Indoor Kids Zone Indoor Kids Zone
Car Parking Car Parking
Sauna Sauna

Available Units at Lumpini Park Riverside Rama 3

For Sale 8 For Rent 4
Get notified when new homes are being added to Lumpini Park Riverside Rama 3

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Frequently asked questions

No pets are allowed at Lumpini Park Riverside Rama 3 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 ฿35 per square meter based on the size of indoor area of the property and is ฿2,124 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 Lumpini Park Riverside Rama 3 the required payment for the sinking fund is ฿350 per square meter based on the size of the indoor area of the property.
Surasak BTS is the nearest BTS from Lumpini Park Riverside Rama 3 and it is 4.5 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 Lumpini Park Riverside Rama 3 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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