2 Bedroom Condo for sale at The Address Phayathai

5 (1 Review)
Thung Phaya Thai, Ratchathewi,Bangkok
Unit ID: U61677
3% Rental Yield
Sold Great Price
2 Bedrooms
1 Bathroom
61 SqM Size
33 Floor
Dec 2013 Completed

About This Condo

This property is a 61 SqM condo with 2 bedrooms and 1 bathroom that is available for sale. It is part of the The Address Phayathai project in Thung Phaya Thai, Bangkok and was completed in Dec 2013. You can buy this condo for a base price of ฿11,400,000 (฿186,885/SqM).

Features

BalconyBalcony

Basic Information

Property Type Condo
Floor 33
Bedrooms 2
Size 61 SqM
Price per SqM ฿186,885
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
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.
฿2,928/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 Jan 24, 2018
Last Updated 2 years ago
Unit ID U61677

Price Analysis

Great Price
Estimated market value ฿13,603,189
Great
฿11,700,000
Good
Fair
Above
฿14,400,000
Current asking Price: ฿11,400,000 | Rental estimate: ฿33,200/mo
This condo is ฿2,203,189 BELOW MARKET (-16%) 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.
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Investment Opportunity: Charges & Yield

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.
฿2,928/mo
Est. Rent
฿33,200/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.
29
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 The Address Phayathai, and the current sales price.
3%

Project Details

Project Name: The Address Phayathai
Developer: AP (Thailand)
Construction: Completed (Dec 2013)
Floors: 35
Buildings: 1
Units: 152
Project Area: N/A
Nearest Landmark Phaya Thai BTS - 0.4 Km
Location: Thung Phaya Thai, Ratchathewi, Bangkok
The Address Phayathai 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
Reception / Lobby Area Reception / Lobby Area
Communal Garden Area Communal Garden Area
Laundry Facilities / Dry Cleaning Laundry Facilities / Dry Cleaning

Popular Facilities at The Address Phayathai

  • Communal Pool
    34th Floor
  • Communal Gym
    34th Floor
  • Sauna
    34th Floor
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Frequently Asked Questions

No pets are allowed at The Address Phayathai 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 ฿48 per square meter based on the size of indoor area of the property and is ฿2,928 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.
Phaya Thai BTS is the nearest BTS Station from The Address Phayathai and it is 0.4 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 The Address Phayathai 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

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Reviews

5 out of 5 5
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
My gift
5 Kristina S., Thailand, 5 years ago
This condo was a gift from my dad as a bonus for passing the entrance exams. The location is great, not far from the university. There are many restaurants nearby. The room has only one bedroom, but it is very spacious and beautifully decorated. Every piece of furniture is high quality. I feel very private because there are only 4 rooms on each floor. The security system is also great! It has security guards 24 hours a day and CCTV. In addition, there is also a sauna, swimming pool, and fitness, but unfortunately, I can use them only on the weekend during my free time.
Bangkok
Thung Phaya Thai

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby The Address Phayathai

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