SP Village 5

4 (1 Review)

Nong Prue, Pattaya, Chon Buri

Unit ID: U31742
5% Rental Yield
฿8,940,000 Great Price
Bedroom
3 Bedrooms
Bathroom
2 Bathrooms
Indoor Area
300 SqM Indoor Area
Stairs
1 Storeys
Construction
Jul 2008 Completed

3 Bedroom House for sale at SP Village 5

This property is a 300 SqM house with 3 bedrooms and 2 bathrooms that is available for sale. It is part of the SP Village 5 project in Nong Prue, Pattaya and was completed in Jul 2008. You can buy this house for a base price of ฿8,940,000 (฿29,800/SqM) and it is also available for long term rentals starting from ฿40,000 per month.

Features

Private GardenPrivate Garden TerraceTerrace Covered ParkingCovered Parking

Basic Information

Property Type House
Storeys 1
Location Nong Prue, Pattaya, Chon Buri
Bedrooms 3
Nearest Landmark Na Kluea Beach -6.7 Km
Indoor Area 300 SqM
Price per SqM ฿29,800
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 410 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 N/A
Construction Completed (Jul 2008)
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) Park View, 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
Private Owner
Date Listed Aug 17, 2017
Last Updated 2 weeks ago
Unit ID U31742

Price Analysis

Great Price
Estimated market value ฿16,254,417
Great
฿11,100,000
Good
Fair
Above
฿13,100,000
Current asking Price: ฿8,940,000 | Advertised rental rate: ฿40,000/mo
This house is ฿7,314,417 BELOW MARKET (-45%) in the Pattaya 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
฿8,940,000
Rent
฿40,000/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.
19
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.
5%

Project Details

Project Name: SP Village 5
Developer: N/A
Construction: Completed (Jul 2008)
Units: 169
Project Area: 109,788 SqM
Nearest Landmark Na Kluea Beach - 6.7 Km
Location: Nong Prue, Pattaya, Chon Buri
SP Village 5 Project Details

Project Features

Communal Pool Communal Pool
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Car Parking Car Parking
Communal Garden Area Communal Garden Area

Available Units at SP Village 5

For Sale 2 For Rent 2
Get notified when new homes are being added to SP Village 5

Loan Calculator

Frequently asked questions

Dogs, cats and small pets like rabbits, hamsters and guinea pigs are allowed at SP Village 5.
Na Kluea Beach is the nearest Beach from SP Village 5 and it is 6.7 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 SP Village 5 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 out of 5 4
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Beautiful house, really good environment
4 Anek H., Thailand, 3 years ago
I really love this project. The neighborhood is perfect for quality living. Plus, the management team is professional. The security system is reliable, so it makes me less worried. The house design is cozy and airy, and it comes with complete high-quality furniture throughout the kitchen, living area, and large bedrooms. Plus, I love the fact that it has such a large garden, so it’s suitable to have lovely pets. The communal area has a full range of facilities such as a large swimming pool, relaxing garden for chilling out by the pool. For those who want to own the house in the Nong Prue area, this place is recommended.

Pattaya

Nong Prue

Neighborhood Overview

Location and Neighborhood

Street View

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Nong Prue, Pattaya, Chon Buri, Thailand

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