Passorn Koh Kaew

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Ko Kaeo, Phuket Town,Phuket

Unit ID: U1032012
7% Rental Yield
฿4,800,000 Great Price
Bedroom
3 Bedrooms
Bathroom
2 Bathrooms
Indoor Area
176 SqM Indoor Area
Stairs
2 Storeys
Construction
Apr 2017 Completed

About This House

This property is a 176 SqM house with 3 bedrooms and 2 bathrooms that is available for sale. It is part of the Passorn Koh Kaew project in Ko Kaeo, Phuket and was completed in Apr 2017. You can buy this house for a base price of ฿4,800,000 (฿27,273/SqM) and it is also available for long term rentals starting from ฿28,000 per month.

Features

TerraceTerrace Covered ParkingCovered Parking

Basic Information

Property Type House (Single Detached)
Storeys 2
Location Ko Kaeo, Phuket Town, Phuket
Bedrooms 3
Nearest Landmark Cape Yamu Beach -6.2 Km
Indoor Area 176 SqM
Price per SqM ฿27,273
Outdoor Area
This is the combined size of the terrace, pool, parking area, and sala. It does not include the size of the garden.
N/A
Plot Size 160 SqM
House Ownership

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

Thai Ownership
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.

Thai Ownership
Land Title Deed Chanote
Construction Completed (Apr 2017)
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) Garden View
Unit Type N/A
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
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 Sep 19, 2021
Last Updated 3 months ago
Unit ID U1032012

Price Analysis

Great Price
Estimated market value ฿5,229,824
Great
฿3,890,000
Good
Fair
Above
฿7,650,000
Current asking Price: ฿4,800,000 | Advertised rental rate: ฿28,000/mo
This house is ฿429,824 BELOW MARKET (-8%) in the Phuket area. It is analyzed against similar houses 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
฿4,800,000
Rent
฿28,000/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: Passorn Koh Kaew
Developer: Pruksa Real Estate
Construction: Completed (Apr 2017)
Units: 161
Project Area: 47,948 SqM
Nearest Landmark Cape Yamu Beach - 6.2 Km
Location: Ko Kaeo, Phuket Town, Phuket
Passorn Koh Kaew Project Details

Project Features

Communal Pool Communal Pool
Communal Gym Communal Gym
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)

Available Units at Passorn Koh Kaew

For Sale 1 For Rent 1

Loan Calculator

Frequently Asked Questions

All kind of pets are allowed at Passorn Koh Kaew including dogs, cats, rabbits, hamsters, guinea pigs, birds, and reptiles.
Cape Yamu Beach is the nearest Beach from Passorn Koh Kaew and it is 6.2 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 Passorn Koh Kaew 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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Phuket
Ko Kaeo

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