Tropical Village

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Nong Prue, Pattaya, Chon Buri

Unit ID: U82514
7% Rental Yield
฿7,050,000
Bedroom
3 Bedrooms
Bathroom
2 Bathrooms
Indoor Area
180 SqM Indoor Area
Stairs
2 Storeys
Construction
Dec 2008 Completed

3 Bedroom House for sale at Tropical Village

This property is a 180 SqM house with 3 bedrooms and 2 bathrooms that is available for sale. It is part of the Tropical Village project in Nong Prue, Pattaya and was completed in Dec 2008. You can buy this house for a base price of ฿7,050,000 (฿39,167/SqM) and it is also available for long term rentals starting from ฿40,000 per month.

Features

Ocean AccessOcean Access Private PoolPrivate Pool Rooftop TerraceRooftop Terrace Private GardenPrivate Garden TerraceTerrace Covered ParkingCovered Parking Full Western KitchenFull Western Kitchen

Basic Information

Property Type House
Storeys 2
Location Nong Prue, Pattaya, Chon Buri
Bedrooms 3
Nearest Landmark Pattaya Floating Market -2.2 Km
Indoor Area 180 SqM
Price per SqM ฿39,167
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 276 SqM
House Ownership

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

Company
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.

Company
Land Title Deed Chanote
Construction Completed (Dec 2008)
Furniture
Unfurnished
View(s) Pool 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.
฿10,800/mo
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 Aug 22, 2018
Last Updated 1 year ago
Unit ID U82514

Investment Opportunity: Charges & Yield

Sale Price
฿7,050,000
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.
฿10,800/mo
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.
15
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: Tropical Village
Developer: N/A
Construction: Completed (Dec 2008)
Units: 70
Project Area: N/A
Nearest Landmark Pattaya Floating Market - 2.2 Km
Location: Nong Prue, Pattaya, Chon Buri
Tropical Village Project Details

Project Features

Communal Pool Communal Pool
24H Security 24H Security
Indoor Kids Zone Indoor Kids Zone
Car Parking Car Parking

Available Units at Tropical Village

For Sale 4 For Rent 2
Get notified when new homes are being added to Tropical Village

Loan Calculator

Frequently asked questions

The common area maintenance fee is ฿60 per square meter based on the size of indoor area of the property and is ฿10,800 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.
Pattaya Floating Market is the nearest Market from Tropical Village and it is 2.2 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 Tropical Village 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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Nong Prue

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