Zen Space

3.88 (4 Reviews)

Kamala, Kathu,Phuket

Unit ID: U28186
7% Rental Yield
฿12,000,000 Great Price
Bedroom
2 Bedrooms
Bathroom
2 Bathrooms
Indoor Area
292 SqM Size
Floors
1 Floor
Construction
Sep 2010 Completed

2 Bedroom Condo for sale at Zen Space

This property is a 292 SqM condo with 2 bedrooms and 2 bathrooms that is available for sale. It is part of the Zen Space project in Kamala, Phuket and was completed in Sep 2010. You can buy this condo for a base price of ฿12,000,000 (฿41,096/SqM) and it is also available for long term rentals starting from ฿72,000 per month.

Features

TerraceTerrace Wifi IncludedWifi Included Outdoor SalaOutdoor Sala Full Western KitchenFull Western Kitchen

Basic Information

Property Type Condo
Floor 1
Bedrooms 2
Size 292 SqM
Price per SqM ฿41,096
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) 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.
฿10,220/mo
Listed By
Private Owner
Date Listed Jun 13, 2017
Last Updated 1 year ago
Unit ID U28186

Price Analysis

Great Price
Estimated market value ฿12,715,593
Great
฿11,300,000
Good
Fair
Above
฿11,600,000
Current asking Price: ฿12,000,000 | Advertised rental rate: ฿72,000/mo
This condo is ฿715,593 BELOW MARKET (-6%) 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
฿12,000,000
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.
฿10,220/mo
Rent
฿72,000/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.
14
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: Zen Space
Developer: Ocean Group Asia
Construction: Completed (Sep 2010)
Floors: 3
Buildings: N/A
Units: 60
Project Area: N/A
Nearest Landmark Phuket Fantasea - 1.6 Km
Location: Kamala, Kathu, Phuket
Zen Space Project Details

Project Features

Hotel Managed Hotel Managed
On Site Restaurant On Site Restaurant
Communal Pool Communal Pool
Jacuzzi Jacuzzi
Communal Gym Communal Gym
Clubhouse Clubhouse
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Indoor Kids Zone Indoor Kids Zone
Car Parking Car Parking
Sauna Sauna
Tennis Court Tennis Court
Reception / Lobby Area Reception / Lobby Area

Loan Calculator

Frequently asked questions

The common area maintenance fee is ฿35 per square meter based on the size of indoor area of the property and is ฿10,220 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.
Phuket Fantasea is the nearest Tourist Attraction from Zen Space and it is 1.6 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 Zen Space 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

3.9 out of 5 3.88
Based on
4 Reviews
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Shady condo, people who love trees are recommended.
4.3 Lucifer Mckency, United Kingdom, 2 years ago
The condo is surrounded by trees, shady and calm amid the nature of the Kamala area. It is ideal for relaxation as it is a calm, private, and good environment. I have lived in Phuket for many years, and it matches my needs so much. So, I rented this place in a studio size, suitable for 1-2 people. The room is a neatly proportioned space and stylishly decorated furniture, ideal for all lifestyles. In addition, the condo comprises a range of facilities for residents to use, such as a swimming pool, fitness center, clubhouse, and car parking. Besides, it is located within walking distance of Kamala Beach and Patong Beach, traveling comfortably. In conclusion, Zen Space is a condo worthy of nature lovers like me.
People are not crowded and the project is close to nature
3.8 Yvone Delange, Brazil, 2 years ago
It is such a tranquil place to stay nestled in nature. The surrounding atmosphere is quiet, and people are not crowded as well. The project facilities include a communal pool, a gym, and sufficient car parking spaces, very convenient and worth the price paid. My room is a studio unit, fully furnished with enough living areas. The balcony is big, able to receive the breezy and nature pleasantly.
Very shady
3.8 Kirati Lamarche, India, 3 years ago
You will love this place if you are fascinated by nature. The atmosphere here is shady with green. The atmosphere is pleasant with many trees, fresh air, and bird songs in the morning. The project is located in Kamala, quite isolated from the city chaos, suitable for relaxation and hideaway. There is a pool, parking, and playground for the kids. I loved it from the first day of my visit, and will come back in the future!
It was very peaceful and surrounded by nature.
3.5 Kirati Lamarche, India, 3 years ago
When I first moved into a new place, I didn't think there would be accommodation like this in Phuket. It was very peaceful and surrounded by nature. Although it is far from the beach, it's okay because I am okay with this project's facilities. The common area is ideal for nature lovers to do yoga and exercise. If you're here, there will be waterfalls and birdsong every day. Sometimes I have to get over it because traveling is a bit difficult as it is far from shopping places and there are not many restaurants in this neighborhood. Annoyingly, insects are infesting during the rainy season !!

Phuket

Kamala

Neighborhood Overview

Location and Neighborhood

Street View

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