The Residence Kalim Bay

4.17 (1 Review)

Patong, Kathu,Phuket

Unit ID: U18161
7% Rental Yield
฿8,000,000 ฿10,700,000 Great Price
Bedroom
2 Bedrooms
Bathroom
2 Bathrooms
Indoor Area
107 SqM Size
Floors
Ground Floor Floor
Construction
May 1995 Completed

2 Bedroom Condo for sale at The Residence Kalim Bay

This property is a 107 SqM condo with 2 bedrooms and 2 bathrooms that is available for sale. It is part of the The Residence Kalim Bay project in Patong, Phuket and was completed in May 1995. You can buy this condo for a base price of ฿8,000,000 (฿74,766/SqM) and it is also available for long term rentals starting from ฿45,000 per month.

Features

TerraceTerrace

Basic Information

Property Type Condo
Floor Ground Floor
Bedrooms 2
Size 107 SqM
Price per SqM ฿74,766
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%.

N/A
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) Pool View, Garden View
Unit Type 2BR
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.
฿9,202/mo
Listed By
Private Owner
Date Listed Nov 3, 2016
Last Updated 1 year ago
Unit ID U18161

Price Analysis

Great Price
Estimated market value ฿15,330,761
Great
฿10,400,000
Good
Fair
Above
฿10,700,000
Current asking Price: ฿8,000,000 | Advertised rental rate: ฿45,000/mo
This condo is ฿7,330,761 BELOW MARKET (-48%) 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
฿8,000,000
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.
฿9,202/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.
15
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.
7%

Project Details

Project Name: The Residence Kalim Bay
Construction: Completed (May 1995)
Floors: 4
Buildings: 3
Units: 52
Project Area: 9,600 SqM
Nearest Landmark Kalim Beach - 0.1 Km
Location: Patong, Kathu, Phuket
The Residence Kalim Bay Project Details

Project Features

Hotel Managed Hotel Managed
Communal Pool Communal Pool
Jacuzzi Jacuzzi
Communal Gym Communal Gym
Bar Bar
Clubhouse Clubhouse
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Indoor Kids Zone Indoor Kids Zone
Car Parking Car Parking
Reception / Lobby Area Reception / Lobby Area
Party Hall / Group Entertainment Party Hall / Group Entertainment
Lounge Lounge
Communal Garden Area Communal Garden Area

Popular Facilities at The Residence Kalim Bay

  • Communal Pool
    Ground Floor
  • Communal Garden Area
    Ground Floor

Available Units at The Residence Kalim Bay

For Sale 4 For Rent 1
Get notified when new homes are being added to The Residence Kalim Bay

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Frequently asked questions

No pets are allowed at The Residence Kalim Bay 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 ฿86 per square meter based on the size of indoor area of the property and is ฿9,202 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.
Kalim Beach is the nearest Beach from The Residence Kalim Bay and it is 0.1 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 The Residence Kalim Bay 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

4.2 out of 5 4.17
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Clean room, few steps to the beach so impressed!!!
4.2 Jeniffer Illingworth, United Kingdom, 4 years ago
Our family booked the place for one month and requested a room for 5 people. The apartment is cleaner and quieter than I expected. The room is spacious and decorated in Thai style. There is a bar corner in the middle of the room. The essentials for the stay are prepared. Also, the internet is fast to work without interruption. The project frontage has a fantastic outdoor swimming pool with the poolside bar. The bartender is friendly and skillful. He made tasty drinks. Unfortunately, this is a 4-story building without an elevator. When the party was over, we almost didn't make it to the room. In front of the project is a Kalim Beach, it is close to 7-eleven, pharmacy, restaurants, and money exchange; all within walking distance. In the evening, there will be street foods along the road. It takes about 2 kilometers to Jungceylon and Bangla Road, which is very convenient. I recommended this place!!

Phuket

Patong

Neighborhood Overview

Location and Neighborhood

Street View

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