The Madison

4.67 (1 Review)

Khlong Tan Nuea, Watthana,Bangkok

Unit ID: U1003864
3% Rental Yield
฿28,900,000
Bedroom
2 Bedrooms
Bathroom
2 Bathrooms
Indoor Area
150 SqM Size
Floors
17 Floor
Construction
Dec 2006 Completed

2 Bedroom Condo for sale at The Madison

This property is a 150 SqM condo with 2 bedrooms and 2 bathrooms that is available for sale. It is part of the The Madison project in Khlong Tan Nuea, Bangkok and was completed in Dec 2006. You can buy this condo for a base price of ฿28,900,000 (฿192,667/SqM) and it is also available for long term rentals starting from ฿80,000 per month.

Features

BalconyBalcony BathtubBathtub TVTV

Basic Information

Property Type Condo
Floor 17
Bedrooms 2
Size 150 SqM
Price per SqM ฿192,667
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) City 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.
฿6,000/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 Jun 24, 2021
Last Updated 2 months ago
Unit ID U1003864

Price Analysis

Above Average
Estimated market value ฿26,140,539
Great
฿24,600,000
Good
Fair
Above
฿36,100,000
Current asking Price: ฿28,900,000 | Advertised rental rate: ฿80,000/mo
This condo is ฿2,759,461 ABOVE MARKET (11%) 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
฿28,900,000
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.
฿6,000/mo
Rent
฿80,000/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.
30
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.
3%

Project Details

Project Name: The Madison
Construction: Completed (Dec 2006)
Floors: 36
Buildings: 1
Units: 151
Project Area: 3,920 SqM
Nearest Landmark Phrom Phong BTS - 0.6 Km
Location: Khlong Tan Nuea, Watthana, Bangkok
The Madison Project Details

Project Features

Communal Pool Communal Pool
Communal Gym Communal Gym
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Indoor Kids Zone Indoor Kids Zone
Car Parking Car Parking
Sauna Sauna
Communal Garden Area Communal Garden Area
Key card access Key card access

Popular Facilities at The Madison

  • Communal Pool
    6th Floor
  • Communal Gym
    6th Floor
  • Communal Garden Area
    6th Floor

Available Units at The Madison

For Sale 8 For Rent 18
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Available Units at The Madison
฿209,250
Beds 3 Beds
Baths 3 Baths
Size 186.38 SqM Size
Floor 14 Floor
Thai Quota Partly Furnished City View
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Available Units at The Madison
฿233,766
Beds 2 Beds
Baths 2 Baths
Size 115.50 SqM Size
Floor 23 Floor
Thai Quota Fully Furnished City View
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Available Units at The Madison
฿214,912
Beds 2 Beds
Baths 2 Baths
Size 114 SqM Size
Floor 14 Floor
Thai Quota Fully Furnished City View
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Available Units at The Madison
฿159,333
Great Price
Beds 3 Beds
Baths 2 Baths
Size 150 SqM Size
Floor 13 Floor
Thai Quota Fully Furnished City View
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Available Units at The Madison
฿179,856
Beds 2 Beds
Baths 3 Baths
Size 139 SqM Size
Floor 12 Floor
Foreign Quota Fully Furnished City View
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Available Units at The Madison
-
Beds 2 Beds
Baths 2 Baths
Size 174 SqM Size
Floor 23 Floor
Thai Quota Fully Furnished City View
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Available: Aug 1, 2023 Available Units at The Madison
-
Beds 3 Beds
Baths 3 Baths
Size 230 SqM Size
Floor 20 Floor
Thai Quota Fully Furnished City View
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Available Units at The Madison
-
Beds 2 Beds
Baths 3 Baths
Size 187 SqM Size
Floor - Floor
Unfurnished
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Available Units at The Madison
-
Beds 3 Beds
Baths 3 Baths
Size 172 SqM Size
Floor 28 Floor
Negotiable
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Available Units at The Madison
-
Beds 3 Beds
Baths 3 Baths
Size 150 SqM Size
Floor 18 Floor
Fully Furnished City View
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Available Units at The Madison
-
Beds 4 Beds
Baths 4 Baths
Size 160 SqM Size
Floor 28 Floor
Thai Quota Partly Furnished City View
Favorite
Compare
Available Units at The Madison
-
Beds 2 Beds
Baths 2 Baths
Size 115 SqM Size
Floor 20 Floor
Thai Quota Fully Furnished City View
Favorite
Compare
Available Units at The Madison
-
Beds 3 Beds
Baths 3 Baths
Size 186 SqM Size
Floor 27 Floor
Thai Quota Fully Furnished City View
Favorite
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Available: Jan 1, 2023 Available Units at The Madison
-
Beds 2 Beds
Baths 3 Baths
Size 162 SqM Size
Floor 19 Floor
Fully Furnished City View
Favorite
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Available Units at The Madison
-
Beds 3 Beds
Baths 3 Baths
Size 162 SqM Size
Floor - Floor
Negotiable
Favorite
Compare
Available Units at The Madison
-
Beds 2 Beds
Baths 2 Baths
Size 115 SqM Size
Floor 7 Floor
Unfurnished
Favorite
Compare
Available Units at The Madison
-
Beds 4 Beds
Baths 6 Baths
Size 297 SqM Size
Floor - Floor
Negotiable
Favorite
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Available Units at The Madison
฿165,563
Great Price
Beds 2 Beds
Baths 2 Baths
Size 151 SqM Size
Floor 20 Floor
Thai Quota Fully Furnished City View
Favorite
Compare
Available Units at The Madison
-
Beds 2 Beds
Baths 2 Baths
Size 114 SqM Size
Floor 29 Floor
Fully Furnished City View
Favorite
Compare
Available Units at The Madison
฿171,523
Beds 3 Beds
Baths 4 Baths
Size 151 SqM Size
Floor 20 Floor
Foreign Quota Fully Furnished City View
Favorite
Compare
Available Units at The Madison
-
Beds 3 Beds
Baths 3 Baths
Size 220 SqM Size
Floor - Floor
Unfurnished
Favorite
Compare
Available: Jun 1, 2023 Available Units at The Madison
-
Beds 4 Beds
Baths 4 Baths
Size 350 SqM Size
Floor 33 Floor
Fully Furnished City View
Favorite
Compare
Available Units at The Madison
฿213,043
Beds 2 Beds
Baths 2 Baths
Size 115 SqM Size
Floor 11 Floor
Thai Quota Fully Furnished City View
Favorite
Compare
Available: Jun 1, 2022 Available Units at The Madison
฿192,667
Beds 2 Beds
Baths 2 Baths
Size 150 SqM Size
Floor 17 Floor
Thai Quota Fully Furnished City View
Get notified when new homes are being added to The Madison

Loan Calculator

Frequently asked questions

All kind of pets are allowed at The Madison including dogs, cats, rabbits, hamsters, guinea pigs, birds, and reptiles.
The common area maintenance fee is ฿40 per square meter based on the size of indoor area of the property and is ฿6,000 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.
Phrom Phong BTS is the nearest BTS from The Madison and it is 0.6 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 Madison 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

4.7 out of 5 4.67
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Elegant condo with city view, close to the BTS, convenient transportation
4.7 Chantal Montoro, Canada, 6 years ago
The condo is elegant, located in a good location. It is close to Skytrain station, where it is convenient to go everywhere. It has been built for many years but well-maintained. The building itself and the inside still look new, just a few steps away from the supermarket. More importantly, you can walk to the nearest BTS station, Phrom Phong BTS, only 50 meters. I rented here for the first time, but I made a 6 month contract for a 2-bedroom. I live with a patient care coordinator because I came here to do surgery at a hospital. After 3 months, I will enjoy the countdown moment at the end of the year in Bangkok. The room I rented is quite high, but it is worthwhile compared to convenient travel, location, and complete facilities. A swimming pool and sky garden make me feel relaxed. It is also close to many leading department stores, including EmQuartier, The Emporium, and Terminal 21, making me not lonely anymore.

Bangkok

Khlong Tan Nuea

Neighborhood Overview

Location and Neighborhood

Street View

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Projects Nearby The Madison

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Location
Number of units
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Location
Watthana, Bangkok, Thailand
Number of units
159
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฿6.69M - ฿7.98M
▼ -11% underpriced
Monthly Rentals
฿18K - ฿44.9K
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Project Name
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▲ 12.6% overpriced
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▲ 3.3% overpriced
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Number of units
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฿44.9K - ฿110K
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Monthly Rentals
฿39.9K - ฿69.9K
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Completion Status
Completed
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