3 Bedroom House for sale at Phuket Villa Chaofah 2

4.17 (1 Review)
Wichit, Phuket Town,Phuket
Unit ID: U226087
4% Rental Yield
฿5,800,000 Great Price
3 Bedrooms
2 Bathrooms
142.96 SqM Indoor Area
1 Storeys
Jan 2014 Completed

About This House

This property is a 142.96 SqM house with 3 bedrooms and 2 bathrooms that is available for sale. It is part of the Phuket Villa Chaofah 2 project in Wichit, Phuket and was completed in Jan 2014. You can buy this house for a base price of ฿5,800,000 (฿40,571/SqM) and it is also available for long term rentals starting from ฿20,000 per month.

Features

TerraceTerrace Covered ParkingCovered Parking TVTV

Basic Information

Property Type House
Storeys 1
Location Wichit, Phuket Town, Phuket
Bedrooms 3
Nearest Landmark Central Festival Phuket -2.3 Km
Indoor Area 142.96 SqM
Price per SqM ฿40,571
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 252.40 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 (Jan 2014)
Furniture
Partly furnished means the property contains the basics i.e. beds, sofa, table and chairs, wardrobes but no electronic appliances, utensils and glassware in the kitchen.
Partly Furnished
View(s) Blocked 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.
N/A
Listed By
Private Owner
Date Listed Nov 5, 2019
Last Updated 2 years ago
Unit ID U226087

Price Analysis

Great Price
Estimated market value ฿8,376,879
Great
฿4,710,000
Good
Fair
Above
฿10,600,000
Current asking Price: ฿5,800,000 | Advertised rental rate: ฿20,000/mo
This house is ฿2,576,879 BELOW MARKET (-31%) 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.
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Investment Opportunity: Charges & Yield

Sale Price
฿5,800,000
Rent
฿20,000/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.
24
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.
4%

Project Details

Project Name: Phuket Villa Chaofah 2
Developer: Villa Property
Construction: Completed (Jan 2014)
Units: 699
Project Area: N/A
Nearest Landmark Central Festival Phuket - 2.3 Km
Location: Wichit, Phuket Town, Phuket
Phuket Villa Chaofah 2 Project Details

Project Features

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

Available Units at Phuket Villa Chaofah 2

For Sale 1 For Rent 3
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Available: Jun 18, 2023 Available Units at Phuket Villa Chaofah 2
-
Beds 3 Beds
Baths 2 Baths
Size 140 SqM Size
Plot Size 250 SqM Plot Size
Fully Furnished
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Available: Dec 1, 2022 Available Units at Phuket Villa Chaofah 2
฿40,571
Great Price
Beds 3 Beds
Baths 2 Baths
Size 142.96 SqM Size
Plot Size 252.40 SqM Plot Size
Partly Furnished
Favorite
Compare
Available: Apr 1, 2023 Available Units at Phuket Villa Chaofah 2
-
Beds 3 Beds
Baths 2 Baths
Size 141 SqM Size
Plot Size 272 SqM Plot Size
Fully Furnished Garden View
Get notified when new homes are being added to Phuket Villa Chaofah 2

Loan Calculator

Frequently Asked Questions

All kind of pets are allowed at Phuket Villa Chaofah 2 including dogs, cats, rabbits, hamsters, guinea pigs, birds, and reptiles.
Central Festival Phuket is the nearest Shopping Mall from Phuket Villa Chaofah 2 and it is 2.3 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 Phuket Villa Chaofah 2 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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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
Location is perfect, and comfort environtment
4.2 Josie Louis, France, 3 years ago
New housing projects. The premises are in a fantastic place, right in the heart of the city. All amenities are nearby, including Central Festival Phuket, Big C, which is only a 5-minute drive, and Kajonkiet Pattana School, which is right next to the project. Besides, the location allows easy traveling. It has a wide four-lane road where the cars aren't too crowded. The project has a strict security system. There is a swimming pool and parks. My house has three bedrooms in a detached type with an extensive space. However, it is not furnished. The house is surrounded by a small garden, and is pet-friendly. Also, the neighbors are friendly, and most of them are Thai.
Phuket
Wichit

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby Phuket Villa Chaofah 2

Location
Number of units
Sales Prices
Monthly Rentals
Year Built
Completion Status
Project Name
Location
Number of units
Sales Prices
Monthly Rentals
Year Built
Completion Status
Location
Wichit, Phuket Town, Phuket
Number of units
19
Sales Prices
฿3.32M - ฿11.1M
▲ 3.8% overpriced
Monthly Rentals
N/A
Year Built
Dec 2013
Completion Status
Completed
Project Name
Eva Town
Location
Wichit, Phuket Town, Phuket
Number of units
72
Sales Prices
฿4.42M
▼ -45% underpriced
Monthly Rentals
N/A
Year Built
Jun 2014
Completion Status
Completed
Project Name
Phuket Villa 2
Location
Wichit, Phuket Town, Phuket
Number of units
369
Sales Prices
฿2.85M - ฿3.42M
Monthly Rentals
N/A
Year Built
Jun 2006
Completion Status
Completed
Location
Wichit, Phuket Town, Phuket
Number of units
884
Sales Prices
฿1.5M - ฿1.96M
▼ -36.7% underpriced
Monthly Rentals
฿5.54K
Year Built
Dec 2014
Completion Status
Completed
Location
Wichit, Phuket Town, Phuket
Number of units
878
Sales Prices
฿2.92M
Monthly Rentals
฿50.3K
Year Built
Aug 1998
Completion Status
Completed
Location
Wichit, Phuket Town, Phuket
Number of units
1298
Sales Prices
฿2.92M
Monthly Rentals
N/A
Year Built
Nov 2006
Completion Status
Completed
Project Name
Baan Prangthong
Location
Wichit, Phuket Town, Phuket
Number of units
84
Sales Prices
฿3.52M - ฿16.9M
▼ -18% underpriced
Monthly Rentals
฿31.3K - ฿42.4K
Year Built
Jan 2007
Completion Status
Completed
Location
Wichit, Phuket Town, Phuket
Number of units
15
Sales Prices
฿5.03M
▲ 1% overpriced
Monthly Rentals
N/A
Year Built
Dec 2014
Completion Status
Completed
Project Name
Tarn Tong Villa
Location
Wichit, Phuket Town, Phuket
Number of units
489
Sales Prices
฿2.33M - ฿2.51M
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Monthly Rentals
N/A
Year Built
Dec 2009
Completion Status
Completed
Project Name
The Light
Location
Wichit, Phuket Town, Phuket
Number of units
185
Sales Prices
฿1.74M - ฿9.46M
▲ 13.7% overpriced
Monthly Rentals
N/A
Year Built
Dec 2013
Completion Status
Completed
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