Paradise Villa 1 & 2

3.83 (1 Review)

Nong Prue, Pattaya, Chon Buri

Unit ID: U27195
9% Rental Yield
฿14,000,000 Great Price
Bedroom
4 Bedrooms
Bathroom
4 Bathrooms
Indoor Area
356 SqM Indoor Area
Stairs
2 Storeys
Construction
Nov 2008 Completed

4 Bedroom Villa for sale at Paradise Villa 1 & 2

This property is a 356 SqM villa with 4 bedrooms and 4 bathrooms that is available for sale. It is part of the Paradise Villa 1 & 2 project in Nong Prue, Pattaya and was completed in Nov 2008. You can buy this villa for a base price of ฿14,000,000 (฿39,326/SqM).

Features

Wet BarWet Bar Pool AccessPool Access Private GardenPrivate Garden TerraceTerrace Outdoor SalaOutdoor Sala

Basic Information

Property Type Villa
Storeys 2
Location Nong Prue, Pattaya, Chon Buri
Bedrooms 4
Nearest Landmark Outlet Mall Pattaya -2.5 Km
Indoor Area 356 SqM
Price per SqM ฿39,326
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 1,424 SqM
Villa Ownership

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

N/A
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 (Nov 2008)
Furniture
Partly furnished means the property contains the basics i.e. beds, sofa, table and chairs, wardrobes but no electronic appliances, utensils and glassware in the kitchen.
Partly Furnished
View(s) Pool View, Garden View
Unit Type N/A
Parking Spots N/A
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.
฿18,512/mo
Listed By
Private Owner
Date Listed May 31, 2017
Last Updated 1 year ago
Unit ID U27195

Price Analysis

Great Price
Estimated market value ฿18,450,722
Great
฿16,000,000
Good
Fair
Above
฿20,200,000
Current asking Price: ฿14,000,000 | Rental estimate: ฿99,200/mo
This villa is ฿4,450,722 BELOW MARKET (-24%) 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
฿14,000,000
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.
฿18,512/mo
Est. Rent
฿99,200/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 4 bedroom villas at Paradise Villa 1 & 2, and the current sales price.
9%

Project Details

Project Name: Paradise Villa 1 & 2
Developer: N/A
Construction: Completed (Nov 2008)
Units: 110
Project Area: N/A
Nearest Landmark Outlet Mall Pattaya - 2.5 Km
Location: Nong Prue, Pattaya, Chon Buri
Paradise Villa 1 & 2 Project Details

Project Features

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

Available Units at Paradise Villa 1 & 2

For Sale 2 For Rent 1
Get notified when new homes are being added to Paradise Villa 1 & 2

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Frequently asked questions

The common area maintenance fee is ฿13 per square meter based on the plot size of the property and is ฿18,512 for this villa. 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.
Outlet Mall Pattaya is the nearest Shopping Mall from Paradise Villa 1 & 2 and it is 2.5 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 Paradise Villa 1 & 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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Reviews

3.8 out of 5 3.83
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Quiet and pleasant to live in
3.8 Trey Mey, Netherlands, 3 years ago
My grandpa and grandma live here. The atmosphere is quiet and pleasant to live in. The village is large, adjacent between villas 1 and 2; each house has a different design and unique style. Their 2-story with 4-bedrooms house has a large area around the house with a private swimming pool. Above all, there is a garden perfect for pets to run around the house. The interior decoration is modern, and there is furniture set as standard. I love the way my grandpa decorated the inside as it is very cozy. Our family loves to have a BBQ party every month. Also, we invite neighbors to party together. Around the project, there are also delicious restaurants, and it’s close to the golf course as well.

Pattaya

Nong Prue

Neighborhood Overview

Location and Neighborhood

Street View

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