The City 88

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Thap Tai, Hua Hin, Prachuap Khiri Khan

Unit ID: U264117
9% Rental Yield
฿4,800,000 Great Price
Bedroom
3 Bedrooms
Bathroom
2 Bathrooms
Indoor Area
200 SqM Indoor Area
Stairs
1 Storeys
Construction
Jan 2018 Completed

3 Bedroom Villa for sale at The City 88

This property is a 200 SqM villa with 3 bedrooms and 2 bathrooms that is available for sale. It is part of the The City 88 project in Thap Tai, Hua Hin and was completed in Jan 2018. You can buy this villa for a base price of ฿4,800,000 (฿24,000/SqM).

Hot Deal New Villa !!!

The city 88 Hua Hin is a house project developed by 124 Privacy Condominium, Surrounded by mountains. Ideal for a loving family. Features CCTV Fitness Garden Parking Security Swimming Pool Description 3 Bedroom /2 Bathroom Location in Soi 88 Plot size 400 sq.m. European kitchen. Jacuzzi. Large communal pool in the village. Restaurant in the village and service Taxi. 24H security. Terrace with garden ***This price with no furniture*** Please give us a call to arrange the viewing!

Features

Private PoolPrivate Pool Private GardenPrivate Garden Covered ParkingCovered Parking

Basic Information

Property Type Villa
Storeys 1
Location Thap Tai, Hua Hin, Prachuap Khiri Khan
Bedrooms 3
Nearest Landmark Hua Hin Beach -6.8 Km
Indoor Area 200 SqM
Price per SqM ฿24,000
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 (Jan 2018)
Furniture
Unfurnished
View(s) N/A
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 18, 2019
Last Updated 1 year ago
Unit ID U264117

Price Analysis

Great Price
Estimated market value ฿6,412,189
Great
฿4,510,000
Good
Fair
Above
฿5,110,000
Current asking Price: ฿4,800,000 | Rental estimate: ฿37,700/mo
This villa is ฿1,612,189 BELOW MARKET (-25%) in the Hua Hin 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
฿4,800,000
Est. Rent
฿37,700/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.
11
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 villas at The City 88, and the current sales price.
9%

Project Details

Project Name: The City 88
Developer: N/A
Construction: Completed (Nov 2017)
Units: 200
Project Area: N/A
Nearest Landmark Hua Hin Beach - 6.8 Km
Location: Thap Tai, Hua Hin, Prachuap Khiri Khan
The City 88 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 The City 88

For Sale 3 For Rent 3
Get notified when new homes are being added to The City 88

Loan Calculator

Frequently asked questions

All kind of pets are allowed at The City 88 including dogs, cats, rabbits, hamsters, guinea pigs, birds, and reptiles.
Hua Hin Beach is the nearest Beach from The City 88 and it is 6.8 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 The City 88 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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