Siam Place 2

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Nong Prue, Pattaya, Chon Buri

Unit ID: U221511
8% Rental Yield
฿5,900,000 ฿6,500,000
Bedroom
3 Bedrooms
Bathroom
3 Bathrooms
Indoor Area
150 SqM Indoor Area
Stairs
1 Storeys
Construction
Dec 2015 Completed

3 Bedroom Villa for sale at Siam Place 2

This property is a 150 SqM villa with 3 bedrooms and 3 bathrooms that is available for sale. It is part of the Siam Place 2 project in Nong Prue, Pattaya and was completed in Dec 2015. You can buy this villa for a base price of ฿5,900,000 (฿39,333/SqM) and it is also available for long term rentals starting from ฿39,000 per month.

Features

Private PoolPrivate Pool JacuzziJacuzzi Private GardenPrivate Garden Covered ParkingCovered Parking Corner UnitCorner Unit Wifi IncludedWifi Included Full Western KitchenFull Western Kitchen BathtubBathtub Washing MachineWashing Machine MicrowaveMicrowave OvenOven TVTV Cable TVCable TV

Basic Information

Property Type Villa
Storeys 1
Location Nong Prue, Pattaya, Chon Buri
Bedrooms 3
Nearest Landmark Nongprue Municipality -2 Km
Indoor Area 150 SqM
Price per SqM ฿39,333
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 400 SqM
Villa Ownership

Foreign nationals can own the building (villa) 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 (Dec 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) Pool View, Garden View, Unblocked Open 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 Oct 29, 2019
Last Updated 1 year ago
Unit ID U221511

Price Analysis

Fair Price
Estimated market value ฿5,604,389
Great
฿5,040,000
Good
Fair
Above
฿6,110,000
Current asking Price: ฿5,900,000 | Advertised rental rate: ฿39,000/mo
This villa is ฿295,611 ABOVE MARKET (5%) in the Pattaya area. It is analyzed against similar villas 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
฿5,900,000
Rent
฿39,000/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.
13
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.
8%

Project Details

Project Name: Siam Place 2
Developer: N/A
Construction: Completed (Dec 2015)
Units: 80
Project Area: N/A
Nearest Landmark Nongprue Municipality - 2 Km
Location: Nong Prue, Pattaya, Chon Buri
Siam Place 2 Project Details

Project Features

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

Available Units at Siam Place 2

For Sale 1 For Rent 1

Loan Calculator

Frequently asked questions

Nongprue Municipality is the nearest Government Office from Siam Place 2 and it is 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 Siam Place 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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