Patong Loft

3.67 (1 Review)

Patong, Kathu,Phuket

Unit ID: U59260
8% Rental Yield
฿4,800,000 Great Price
Bedroom
2 Bedrooms
Bathroom
2 Bathrooms
Indoor Area
87 SqM Size
Floors
2 Floor
Construction
Dec 2006 Completed

2 Bedroom Condo for sale at Patong Loft

This property is a 87 SqM condo with 2 bedrooms and 2 bathrooms that is available for sale. It is part of the Patong Loft project in Patong, Phuket and was completed in Dec 2006. You can buy this condo for a base price of ฿4,800,000 (฿55,172/SqM) and it is also available for long term rentals starting from ฿30,000 per month.

Features

Covered ParkingCovered Parking BalconyBalcony Outdoor ShowersOutdoor Showers

Basic Information

Property Type Condo
Floor 2
Bedrooms 2
Size 87 SqM
Price per SqM ฿55,172
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, Pool 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.
฿4,350/mo
Listed By
Private Owner
Date Listed Dec 24, 2017
Last Updated 6 months ago
Unit ID U59260

Price Analysis

Good Price
Estimated market value ฿4,945,704
Great
฿4,310,000
Good
Fair
Above
฿5,890,000
Current asking Price: ฿4,800,000 | Advertised rental rate: ฿30,000/mo
This condo is ฿145,704 BELOW MARKET (-3%) 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
฿4,800,000
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.
฿4,350/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.
13
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.
8%

Project Details

Project Name: Patong Loft
Developer: Patong Loft
Construction: Completed (Dec 2006)
Floors: 7
Buildings: 1
Units: 82
Project Area: 1,000 SqM
Nearest Landmark Patong Beach - 1.5 Km
Location: Patong, Kathu, Phuket
Patong Loft Project Details

Project Features

Communal Pool Communal Pool
Jacuzzi Jacuzzi
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Car Parking Car Parking
Reception / Lobby Area Reception / Lobby Area

Popular Facilities at Patong Loft

  • Communal Pool
    Ground Floor
  • Reception / Lobby Area
    Ground Floor

Loan Calculator

Frequently asked questions

No pets are allowed at Patong Loft 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 ฿4,350 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.
Patong Beach is the nearest Beach from Patong Loft 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 Patong Loft 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

3.7 out of 5 3.67
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Condo next to the main road, private in Patong area
3.7 Ashly Belford, United States, 2 years ago
The condo next to the main road in a perfect location near Patong Center, a venue for street food and Jungceylon Mall. It's just a walking distance to Patong beach in 20 minutes. The building looks quite old from the outside, but the inside was well maintained and renovated. My room has 2 bedrooms with ensuite bathrooms and a bathtub in a master bathroom. The master bedroom is spacious enough to put a king-size bed. The kitchen comes with equipment and storage. The balcony is large enough to put a small table set for chilling in the evening. Most of my neighbors are retired foreigners. Although I live in the Patong area, the neighborhood is quiet and pleasant, with complete facilities.

Phuket

Patong

Neighborhood Overview

Location and Neighborhood

Street View

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