Siam Ocean View

4.83 (1 Review)

Nong Prue, Pattaya, Chon Buri

Unit ID: U165194
6% Rental Yield
฿9,100,000 ฿10,900,000 Great Price
Bedroom
2 Bedrooms
Bathroom
2 Bathrooms
Indoor Area
117 SqM Size
Floors
3 Floor
Construction
Jun 2008 Completed

2 Bedroom Condo for sale at Siam Ocean View

This property is a 117 SqM condo with 2 bedrooms and 2 bathrooms that is available for sale. It is part of the Siam Ocean View project in Nong Prue, Pattaya and was completed in Jun 2008. You can buy this condo for a base price of ฿9,100,000 (฿77,778/SqM) and it is also available for long term rentals starting from ฿45,000 per month.

Basic Information

Property Type Condo
Floor 3
Bedrooms 2
Size 117 SqM
Price per SqM ฿77,778
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) Sea View, City 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.
฿4,680/mo
Listed By
Private Owner
Date Listed May 27, 2019
Last Updated 1 year ago
Unit ID U165194

Price Analysis

Great Price
Estimated market value ฿12,126,174
Great
฿8,070,000
Good
Fair
Above
฿8,390,000
Current asking Price: ฿9,100,000 | Advertised rental rate: ฿45,000/mo
This condo is ฿3,026,174 BELOW MARKET (-25%) in the Pattaya 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
฿9,100,000
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.
฿4,680/mo
Rent
฿45,000/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: Siam Ocean View
Developer: N/A
Construction: Completed (Jun 2008)
Floors: 7
Buildings: N/A
Units: 43
Project Area: N/A
Nearest Landmark Pratumnak Beach - 1.1 Km
Location: Nong Prue, Pattaya, Chon Buri
Siam Ocean View Project Details

Available Units at Siam Ocean View

For Sale 3 For Rent 3
Get notified when new homes are being added to Siam Ocean View

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Frequently asked questions

The common area maintenance fee is ฿40 per square meter based on the size of indoor area of the property and is ฿4,680 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.
Pratumnak Beach is the nearest Beach from Siam Ocean View and it is 1.1 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 Siam Ocean View 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
I like the modern design
4.8 Gina Leng, China, 3 years ago
I like the modern design of this project. The condo was completed a long time ago, but it doesn't look outdated at all. It's unbelievable that it was completed in 2008. The pool is clean with sunbeds along the side. There are two room types available from 1 to 2 bedrooms. They are spacious living spaces and furnished with fine furniture. It's modern and splendid. Plus, you can easily access many places. You can walk to Dongtan Beach, Jomtien beach, and the walking street, really convenient!

Pattaya

Nong Prue

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