Lake Town

4.58 (2 Reviews)

Kamala, Kathu,Phuket

Unit ID: U647302
8% Rental Yield
฿6,950,000
Bedroom
3 Bedrooms
Bathroom
3.5 Bathrooms
Indoor Area
250 SqM Indoor Area
Stairs
4 Storeys
Construction
Apr 2015 Completed

3 Bedroom Townhouse for sale at Lake Town

This property is a 250 SqM townhouse with 3 bedrooms and 3.5 bathrooms that is available for sale. It is part of the Lake Town project in Kamala, Phuket and was completed in Apr 2015. You can buy this townhouse for a base price of ฿6,950,000 (฿27,800/SqM).

Features

Private PoolPrivate Pool Covered ParkingCovered Parking BalconyBalcony Outdoor ShowersOutdoor Showers Full Western KitchenFull Western Kitchen BathtubBathtub MicrowaveMicrowave OvenOven

Basic Information

Property Type Townhouse
Storeys 4
Location Kamala, Kathu, Phuket
Bedrooms 3
Nearest Landmark Kamala Beach -1.3 Km
Indoor Area 250 SqM
Price per SqM ฿27,800
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 118 SqM
Townhouse Ownership

Foreign nationals can own the building (townhouse) 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 (Apr 2015)
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) Lake 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 Dec 17, 2020
Last Updated 9 months ago
Unit ID U647302

Investment Opportunity: Charges & Yield

Sale Price
฿6,950,000
Est. Rent
฿48,700/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.
12
Rental Yield
This is the gross rental yield based on the estimated rental rate. To calculate this figure we use the average monthly rent rates (for 1-year contracts) from other 3 bedroom townhouses at Lake Town, and the current sales price.
8%

Project Details

Project Name: Lake Town
Developer: Ocean Group Asia
Construction: Completed (Nov 2015)
Units: 17
Project Area: N/A
Nearest Landmark Kamala Beach - 1.3 Km
Location: Kamala, Kathu, Phuket
Lake Town Project Details

Project Features

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

Available Units at Lake Town

For Sale 2 For Rent 1
Get notified when new homes are being added to Lake Town

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Frequently asked questions

Kamala Beach is the nearest Beach from Lake Town and it is 1.3 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 Lake Town 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 Lake Town?

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Reviews

4.6 out of 5 4.58
Based on
2 Reviews
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
An affordable townhouse by the lake
4.5 Anitra Johansen, Norway, 1 year ago
I decided to buy 4 fully-furnished bedrooms here as a vacation home. The main reason is close to Kamala Beach, only 5 minutes drive. You are ready to move in. The living room is decided in the semi-outdoor style, and there is a small pool where you can chill during the day. The surrounding atmosphere is exceptionally relaxing because my house is lakeside. More importantly, the price is affordable compared to other places in the area.
It is worthwhile for the investment!
4.7 Paul Rogers, United Kingdom, 3 years ago
I really like this project as it is in Kamala, which is regarded as a quiet area. There are various facilities all around, including shops, restaurants, and markets. The project is close to Kamala beach, Phuket Fantasea. In addition, you can drive to Patong Beach in less than 15 minutes. The atmosphere of the project is shady with lake and mountain views. The townhouse has four floors; the usable area is extensive, suitable for housing large families or renting as an office. There are 3 bedrooms with en-suite bathrooms. The material used for the construction looks durable. In addition, there is also tight supervision by the security guards. And the most important thing is the price is affordable. I’m sure that it is worthwhile for the investment!

Phuket

Kamala

Neighborhood Overview

Location and Neighborhood

Street View

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