Nakarasiri Lake View

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Nong Prue, Pattaya, Chon Buri

Unit ID: U12607
4% Rental Yield
฿3,510,000 Great Price
Bedroom
2 Bedrooms
Bathroom
3 Bathrooms
Indoor Area
121.50 SqM Indoor Area
Stairs
2 Storeys
Construction
Nov 2015 Completed

2 Bedroom Townhouse for sale at Nakarasiri Lake View

This property is a 121.50 SqM townhouse with 2 bedrooms and 3 bathrooms that is available for sale. It is part of the Nakarasiri Lake View project in Nong Prue, Pattaya and was completed in Nov 2015. You can buy this townhouse for a base price of ฿3,510,000 (฿28,889/SqM).

Features

Private GardenPrivate Garden TerraceTerrace Corner UnitCorner Unit

Basic Information

Property Type Townhouse
Storeys 2
Location Nong Prue, Pattaya, Chon Buri
Bedrooms 2
Nearest Landmark Na Jomtien Beach -8.9 Km
Indoor Area 121.50 SqM
Price per SqM ฿28,889
Outdoor Area
This is the combined size of the terrace, pool, parking area, and sala. It does not include the size of the garden.
15 SqM
Plot Size 175.20 SqM
Townhouse Ownership

Foreign nationals can own the building (townhouse) in their own name but not the land that it stands on.

Company
Land Ownership

Foreign nationals cannot own land in Thailand. The options in which a foreigner can control the land are via a 30-year lease or by purchasing the land through a Thai company.

N/A
Land Title Deed N/A
Construction Completed (Nov 2015)
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) Lake View, Garden View, Blocked View
Unit Type 2
Parking Spots 1
Pool Size 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.
N/A
Listed By
Developer
Date Listed Nov 3, 2016
Last Updated 2 years ago
Unit ID U12607

Price Analysis

Great Price
Estimated market value ฿4,743,914
Great
฿2,500,000
Good
Fair
Above
฿4,430,000
Current asking Price: ฿3,510,000 | Rental estimate: ฿12,600/mo
This townhouse is ฿1,233,914 BELOW MARKET (-26%) in the Pattaya area. It is analyzed against similar townhouses 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

Sale Price
฿3,510,000
Est. Rent
฿12,600/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.
23
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 townhouses at Nakarasiri Lake View, and the current sales price.
4%

Project Details

Project Name: Nakarasiri Lake View
Developer: Porch Land Group
Construction: Completed (Nov 2015)
Units: 31
Project Area: N/A
Nearest Landmark Na Jomtien Beach - 8.9 Km
Location: Nong Prue, Pattaya, Chon Buri
Nakarasiri Lake View Project Details

Project Features

24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Car Parking Car Parking

Available Units at Nakarasiri Lake View

For Sale 2 For Rent 1
Get notified when new homes are being added to Nakarasiri Lake View

Loan Calculator

Frequently asked questions

Na Jomtien Beach is the nearest Beach from Nakarasiri Lake View and it is 8.9 km away.

The building (the bricks and mortar) can be owned by a non-Thai national outright in their name in what is called the house registry which secures ownership indefinitely of the structure. 

In Thailand, non-Thai nationals cannot own land outright in their name. Land can be controlled through either a Thai Company or a long-term registered lease. The longest registered lease term by Thai law is 30 years, and most developers will offer 3 terms for a total of 90 years.

 

Read more here

After you have found the right property at Nakarasiri Lake 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

A 30-year lease period is legally protected under Thai law and ownership cannot be disrupted. It is common for developers to offer an additional two terms of 30 contractually obligating a total of 90 years. 

Prior to purchasing a leasehold property it is important to secure a copy of the lease agreement or get further clarity on these three points.

  • - Who is the lessor? (an individual or a Thai Company) Securing a lease from a Thai Company offers much more security than a private individual.
  • - Do I have voting rights as a Lessee? (Some lease contracts do not allow lessee to have voting rights)
  • - Is there a succession clause in the lease agreement that will allow inheritance of the lease?

 

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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Pattaya

Nong Prue

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