Phuket Villa Chaofah 2

4.17 (1 Review)

Wichit, Phuket Town,Phuket

Unit ID: U226087
4% Rental Yield
฿5,800,000
Bedroom
3 Bedrooms
Bathroom
2 Bathrooms
Indoor Area
142.96 SqM Indoor Area
Stairs
1 Storeys
Construction
Jan 2014 Completed

3 Bedroom House for sale at Phuket Villa Chaofah 2

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 -3.1 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 1 year ago
Unit ID U226087

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 - 3.1 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 2
Get notified when new homes are being added to Phuket Villa Chaofah 2

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Frequently asked questions

Central Festival Phuket is the nearest Shopping Mall from Phuket Villa Chaofah 2 and it is 3.1 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

Do you own a property at Phuket Villa Chaofah 2?

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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, 2 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

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