Royal Place 1

4.33 (1 Review)

Lumphini, Pathum Wan,Bangkok

Unit ID: U36809
7% Rental Yield
฿5,500,000 Great Price
Bedroom
2 Bedrooms
Bathroom
2 Bathrooms
Indoor Area
84 SqM Size
Construction
Dec 1997 Completed

2 Bedroom Condo for sale at Royal Place 1

This property is a 84 SqM condo with 2 bedrooms and 2 bathrooms that is available for sale. It is part of the Royal Place 1 project in Lumphini, Bangkok and was completed in Dec 1997. You can buy this condo for a base price of ฿5,500,000 (฿65,476/SqM).

Basic Information

Property Type Condo
Floor N/A
Bedrooms 2
Size 84 SqM
Price per SqM ฿65,476
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%.

Leasehold
Furniture
Unfurnished
View(s) N/A
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.
฿3,360/mo
Listed By
Private Owner
Date Listed Nov 8, 2017
Last Updated 2 months ago
Unit ID U36809

Price Analysis

Great Price
Estimated market value ฿6,091,359
Great
฿6,040,000
Good
Fair
Above
฿6,180,000
Current asking Price: ฿5,500,000 | Rental estimate: ฿31,900/mo
This condo is ฿591,359 BELOW MARKET (-10%) 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
฿5,500,000
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.
฿3,360/mo
Est. Rent
฿31,900/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.
14
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 Royal Place 1, and the current sales price.
7%

Project Details

Project Name: Royal Place 1
Developer: N/A
Construction: Completed (Dec 1997)
Floors: 29
Buildings: N/A
Units: 380
Project Area: N/A
Nearest Landmark Ratchadamri BTS - 0.3 Km
Location: Lumphini, Pathum Wan, Bangkok
Royal Place 1 Project Details

Project Features

Communal Pool Communal Pool
Communal Gym Communal Gym
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Car Parking Car Parking
Sauna Sauna

Available Units at Royal Place 1

For Sale 3 For Rent 5

Loan Calculator

Frequently asked questions

No pets are allowed at Royal Place 1 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 ฿40 per square meter based on the size of indoor area of the property and is ฿3,360 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.
Ratchadamri BTS is the nearest BTS from Royal Place 1 and it is 0.3 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 Royal Place 1 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

Do you own a property at Royal Place 1?

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
This condo is in a good condition
4.3 Danny Enochs, Austria, 3 years ago
I can't believe that this project was completed 20 years ago because the entire building looks new. The room I live is a one-bedroom unit which the bedroom is much wider than a normal condo. The location is great, not far from Ratchadamri BTS, just 5 minutes walk. So, it's easy to get around and worry less about a traffic jam. I usually go to Siam as it's just one BTS station away. Like other condos, the facilities are basic such as a swimming pool, passenger elevators, and fitness center. They are not as fascinating as other new condos, but they are in good condition. Overall, I am satisfied with the place. I think the price is reasonable, considering its quality and location.

Bangkok

Lumphini

Neighborhood Overview

Location and Neighborhood

Street View

Similar Units

Favorite Compare
  • 6% GUAR. RETURN FOR 1 YEAR
  • 3D Virtual Tour
฿4,500,000
1 1 28 SqM Condo

The Nest Sukhumvit 22

Khlong Toei, Khlong Toei, Bangkok, Thailand
Favorite Compare
  • 4% Rental Yield
  • 3D Virtual Tour
฿6,000,000
1 2 45 SqM Condo

Rhythm Sathorn

Thung Wat Don, Sathon, Bangkok, Thailand
Favorite Compare
  • 2% Rental Yield
฿5,500,000 ฿5,974,000
1 1 48 SqM Condo

Circle Condominium

Makkasan, Ratchathewi, Bangkok, Thailand
Favorite Compare
  • 4% Rental Yield
  • 3D Virtual Tour
฿4,800,000
1 1 28.29 SqM Condo

Life One Wireless

Lumphini, Pathum Wan, Bangkok, Thailand
Favorite Compare
  • 9% Rental Yield
฿6,510,000
2 2 93 SqM Condo

Urbana Langsuan

Lumphini, Pathum Wan, Bangkok, Thailand
Favorite Compare
  • OFF PLAN
฿4,698,000
1 1 32 SqM Condo

Cloud Thonglor-Phetchaburi

Bang Kapi, Huai Khwang, Bangkok, Thailand
Favorite Compare
  • 4% Rental Yield
฿6,480,000
1 1 35.16 SqM Condo

Noble Around Sukhumvit 33

Khlong Tan Nuea, Watthana, Bangkok, Thailand
Favorite Compare
  • 6% Rental Yield
฿6,050,000
2 2 76 SqM Condo

The Bangkok Narathiwas

Yan Nawa, Sathon, Bangkok, Thailand
Favorite Compare
฿6,500,000
2 2 108 SqM Condo

Lapa Place

Chong Nonsi, Yan Nawa, Bangkok, Thailand
Favorite Compare
  • 6% Rental Yield
฿6,250,000
1 2 74.17 SqM Condo

The Trendy

Khlong Toei Nuea, Watthana, Bangkok, Thailand

Projects Nearby Royal Place 1

Location
Number of units
Sales Prices
Monthly Rentals
Year Built
Completion Status
Project Name
Location
Number of units
Sales Prices
Monthly Rentals
Year Built
Completion Status
Location
Pathum Wan, Bangkok, Thailand
Number of units
380
Sales Prices
฿2M
Monthly Rentals
฿25K
Year Built
Jan 1998
Completion Status
Completed
Project Name
Hansar Rajdamri
Location
Pathum Wan, Bangkok, Thailand
Number of units
196
Sales Prices
฿8M - ฿19.9M
▼ -1.5% underpriced
Monthly Rentals
฿50K - ฿130K
Year Built
Dec 2008
Completion Status
Completed
Project Name
The Royal Maneeya
Location
Pathum Wan, Bangkok, Thailand
Number of units
76
Sales Prices
฿12.8M - ฿16M
▼ -43% underpriced
Monthly Rentals
฿45K - ฿75K
Year Built
Dec 2007
Completion Status
Completed
Location
Pathum Wan, Bangkok, Thailand
Number of units
360
Sales Prices
฿2M
Monthly Rentals
฿23K - ฿25K
Year Built
Jan 1995
Completion Status
Completed
Project Name
Langsuan Ville
Location
Pathum Wan, Bangkok, Thailand
Number of units
262
Sales Prices
฿16M - ฿24M
▼ -16.8% underpriced
Monthly Rentals
฿35K - ฿90K
Year Built
Dec 2001
Completion Status
Completed
Location
Pathum Wan, Bangkok, Thailand
Number of units
53
Sales Prices
฿450M
Monthly Rentals
฿450K - ฿1M
Year Built
Jan 2010
Completion Status
Completed
Location
Pathum Wan, Bangkok, Thailand
Number of units
316
Sales Prices
฿20M - ฿27.8M
▼ -4.5% underpriced
Monthly Rentals
฿55K - ฿115K
Year Built
Dec 2015
Completion Status
Completed
Project Name
Baan Na Varang
Location
Pathum Wan, Bangkok, Thailand
Number of units
95
Sales Prices
฿16.6M
Monthly Rentals
฿35K - ฿70K
Year Built
Dec 1997
Completion Status
Completed
Project Name
Baan Somthavil
Location
Pathum Wan, Bangkok, Thailand
Number of units
113
Sales Prices
฿3.2M - ฿29.4M
▼ -46% underpriced
Monthly Rentals
฿20K - ฿125K
Year Built
Dec 1996
Completion Status
Completed
Project Name
Baan Rajprasong
Location
Pathum Wan, Bangkok, Thailand
Number of units
220
Sales Prices
฿10.3M - ฿19M
▼ -3.4% underpriced
Monthly Rentals
฿34K - ฿150K
Year Built
Dec 2006
Completion Status
Completed
Back to top