Passorn Prestige Luxe Pattanakarn

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Suan Luang, Suan Luang,Bangkok

Unit ID: U86129
6% Rental Yield
฿8,500,000
Bedroom
3 Bedrooms
Bathroom
2 Bathrooms
Indoor Area
135 SqM Indoor Area
Stairs
2 Storeys
Construction
Nov 2019 Completed

3 Bedroom House for sale at Passorn Prestige Luxe Pattanakarn

This property is a 135 SqM house with 3 bedrooms and 2 bathrooms that is available for sale. It is part of the Passorn Prestige Luxe Pattanakarn project in Suan Luang, Bangkok and was completed in Nov 2019. You can buy this house for a base price of ฿8,500,000 (฿62,963/SqM) and it is also available for long term rentals starting from ฿45,000 per month.

Features

Pool AccessPool Access Private GardenPrivate Garden Garden AccessGarden Access TerraceTerrace Covered ParkingCovered Parking Corner UnitCorner Unit BalconyBalcony Full Western KitchenFull Western Kitchen

Basic Information

Property Type House
Storeys 2
Location Suan Luang, Suan Luang, Bangkok
Bedrooms 3
Nearest Landmark Hua Mak ARL -1.6 Km
Indoor Area 135 SqM
Price per SqM ฿62,963
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 152.80 SqM
House Ownership

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

N/A
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 Chanote
Construction Completed (Nov 2019)
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, Pool View
Unit Type N/A
Parking Spots 2
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.
฿1,222/mo
Listed By
Private Owner
Date Listed Oct 7, 2018
Last Updated 1 year ago
Unit ID U86129

Investment Opportunity: Charges & Yield

Sale Price
฿8,500,000
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.
฿1,222/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.
16
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.
6%

Project Details

Developer: Pruksa Real Estate
Construction: Completed (Nov 2019)
Units: 178
Project Area: N/A
Nearest Landmark Hua Mak ARL - 1.6 Km
Location: Suan Luang, Suan Luang, Bangkok
Passorn Prestige Luxe Pattanakarn 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 Prestige Luxe Pattanakarn

For Sale 1 For Rent 2
Get notified when new homes are being added to Passorn Prestige Luxe Pattanakarn

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Frequently asked questions

The common area maintenance fee is ฿8 per square meter based on the plot size of the property and is ฿1,222 for this house. 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.
Hua Mak ARL is the nearest ARL from Passorn Prestige Luxe Pattanakarn and it is 1.6 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 Prestige Luxe Pattanakarn 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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