Lumpini Suite Phetchaburi - Makkasan

4.83 (1 Review)

Makkasan, Ratchathewi,Bangkok

Unit ID: U83091
5% Rental Yield
฿5,910,767
Bedroom
2 Bedrooms
Bathroom
1 Bathroom
Indoor Area
41.50 SqM Size
Construction
Dec 2018 Completed

2 Bedroom Condo for sale at Lumpini Suite Phetchaburi - Makkasan

This property is a 41.50 SqM condo with 2 bedrooms and 1 bathroom that is available for sale. It is part of the Lumpini Suite Phetchaburi - Makkasan project in Makkasan, Bangkok and was completed in Dec 2018. You can buy this condo for a base price of ฿5,910,767 (฿142,428/SqM).

Features

Private GardenPrivate Garden Covered ParkingCovered Parking BalconyBalcony

Basic Information

Property Type Condo
Floor N/A
Bedrooms 2
Size 41.50 SqM
Price per SqM ฿142,428
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
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) Park View, City View, Garden View, Blocked 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.
฿1,660/mo
Listed By
Private Owner
Date Listed Aug 30, 2018
Last Updated 1 year ago
Unit ID U83091

Price Analysis

Above Average
Estimated market value ฿4,593,529
Great
฿4,490,000
Good
Fair
Above
฿4,870,000
Current asking Price: ฿5,910,767 | Rental estimate: ฿23,500/mo
This condo is ฿1,317,238 ABOVE MARKET (29%) in the Bangkok 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
฿5,910,767
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.
฿1,660/mo
Est. Rent
฿23,500/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.
21
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 Suite Phetchaburi - Makkasan, and the current sales price.
5%

Project Details

Developer: LPN Development
Construction: Completed (Dec 2018)
Floors: 35
Buildings: N/A
Units: 636
Project Area: 5,084 SqM
Nearest Landmark Phetchaburi MRT - 0.9 Km
Location: Makkasan, Ratchathewi, Bangkok
Lumpini Suite Phetchaburi - Makkasan Project Details

Project Features

Communal Pool Communal Pool
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
Reception / Lobby Area Reception / Lobby Area

Available Units at Lumpini Suite Phetchaburi - Makkasan

For Sale 3 For Rent 7
Get notified when new homes are being added to Lumpini Suite Phetchaburi - Makkasan

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Frequently asked questions

Small dogs (weight under 15 kg), cats and small pets like rabbits, hamsters and guinea pigs are allowed at Lumpini Suite Phetchaburi - Makkasan.
The common area maintenance fee is ฿40 per square meter based on the size of indoor area of the property and is ฿1,660 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.
Phetchaburi MRT is the nearest MRT from Lumpini Suite Phetchaburi - Makkasan and it is 0.9 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 Suite Phetchaburi - Makkasan 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

4.8 out of 5 4.83
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Newly built condo with a nice view
4.8 Traipop U., Thailand, 2 years ago
It is a newly completed condo at the end of 2018. The room I bought is a 1-bedroom unit. The interior design is absolutely spacious and well divided into great proportions. The decoration is entirely luxurious and unique, as well as the expansive common areas. It is fully equipped to meet all genders and ages. It is imposing to live here. Furthermore, the location is close to MRT and ARL, and I never deal with traffic jams during rush hour, making my life much easier. The project is also close to many leading department stores, such as Central World, Terminal 21, and Fortune Town, such a genuinely perfect neighborhood.

Bangkok

Makkasan

Neighborhood Overview

Location and Neighborhood

Street View

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Projects Nearby Lumpini Suite Phetchaburi - Makkasan

Location
Number of units
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Monthly Rentals
Year Built
Completion Status
Project Name
Location
Number of units
Sales Prices
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Year Built
Completion Status
Location
Ratchathewi, Bangkok, Thailand
Number of units
917
Sales Prices
฿4.87M - ฿18M
▼ -7% underpriced
Monthly Rentals
฿9.99K - ฿190K
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Dec 2012
Completion Status
Completed
Location
Ratchathewi, Bangkok, Thailand
Number of units
477
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▼ -9.6% underpriced
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฿18K - ฿130K
Year Built
Jan 2014
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Completed
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Ratchathewi, Bangkok, Thailand
Number of units
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฿29K - ฿39K
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Ratchathewi, Bangkok, Thailand
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84
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Ratchathewi, Bangkok, Thailand
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136
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฿35K - ฿45K
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Ratchathewi, Bangkok, Thailand
Number of units
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฿4.5M - ฿40M
▼ -5% underpriced
Monthly Rentals
฿30K - ฿120K
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Completion Status
Completed
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Ratchathewi, Bangkok, Thailand
Number of units
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฿5.25M - ฿21M
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Monthly Rentals
฿20K - ฿26K
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Dec 2016
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Completed
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Ratchathewi, Bangkok, Thailand
Number of units
73
Sales Prices
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▼ -2.7% underpriced
Monthly Rentals
฿19K - ฿50K
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Dec 2003
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Project Name
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Ratchathewi, Bangkok, Thailand
Number of units
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Completed
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Location
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Number of units
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Year Built
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