4 Bedroom Villa for sale at The Lantern

4.83 (1 Review)
Ko Kaeo, Phuket Town,Phuket
Unit ID: U25744
4% Rental Yield
฿14,500,000 Great Price
4 Bedrooms
5 Bathrooms
450 SqM Indoor Area
4 Storeys
Jun 2008 Completed

About This Villa

This property is a 450 SqM villa with 4 bedrooms and 5 bathrooms that is available for sale. It is part of the The Lantern project in Ko Kaeo, Phuket and was completed in Jun 2008. You can buy this villa for a base price of ฿14,500,000 (฿32,222/SqM) and it is also available for long term rentals starting from ฿53,358 per month.

Features

Media Room/CinemaMedia Room/Cinema Private LiftPrivate Lift Private PoolPrivate Pool JacuzziJacuzzi Rooftop GardenRooftop Garden Private GardenPrivate Garden TerraceTerrace Covered ParkingCovered Parking Corner UnitCorner Unit BalconyBalcony Full Western KitchenFull Western Kitchen

Basic Information

Property Type Villa
Storeys 4
Location Ko Kaeo, Phuket Town, Phuket
Bedrooms 4
Nearest Landmark Cape Yamu Beach -5.5 Km
Indoor Area 450 SqM
Price per SqM ฿32,222
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 248 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.

N/A
Land Title Deed N/A
Construction Completed (Jun 2008)
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) Mountain View, City View, Pool View, Garden View
Unit Type N/A
Parking Spots 2
Pool Size 10m x 2m
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.
฿5,000/mo
Listed By
Private Owner
Date Listed Apr 6, 2017
Last Updated 1 year ago
Unit ID U25744

Price Analysis

Great Price
Estimated market value ฿24,115,715
Great
฿21,600,000
Good
Fair
Above
฿26,000,000
Current asking Price: ฿14,500,000 | Advertised rental rate: ฿53,358/mo
This villa is ฿9,615,715 BELOW MARKET (-40%) in the Phuket 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.
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Investment Opportunity: Charges & Yield

Sale Price
฿14,500,000
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.
฿5,000/mo
Rent
฿53,358/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.
23
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.
4%

Project Details

Project Name: The Lantern
Developer: N/A
Construction: Completed (Jun 2008)
Units: 16
Project Area: N/A
Nearest Landmark Cape Yamu Beach - 5.5 Km
Location: Ko Kaeo, Phuket Town, Phuket
The Lantern Project Details

Project Features

Communal Pool Communal Pool
Jacuzzi Jacuzzi
24H Security 24H Security
Car Parking Car Parking

Available Units at The Lantern

For Sale 1 For Rent 3
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Available Units at The Lantern
฿32,222
Great Price
Beds 4 Beds
Baths 5 Baths
Size 450 SqM Size
Plot Size 248 SqM Plot Size
Fully Furnished Mountain View
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Available Units at The Lantern
-
Beds 3 Beds
Baths 4 Baths
Size 650 SqM Size
Plot Size - Plot Size
Partly Furnished Pool View
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Compare
Available Units at The Lantern
-
Beds 3 Beds
Baths 4 Baths
Size 650 SqM Size
Plot Size 650 SqM Plot Size
Partly Furnished Pool View
Get notified when new homes are being added to The Lantern

Loan Calculator

Frequently Asked Questions

No pets are allowed at The Lantern unless specifically permitted by the juristic office. Exceptions can be made for service or guide dogs for persons with disabilities.
The common area maintenance fee for properties at The Lantern is a fixed amount of ฿5,000. This amount 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.
Cape Yamu Beach is the nearest Beach from The Lantern and it is 5.5 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 The Lantern 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 The Lantern ?

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Reviews

4.8 out of 5 4.83
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Nice place located in the heart of the city.
4.8 Titova Titov, Russia, 2 years ago
My husband and I bought this house because of the location. There are many restaurants and convenience stores nearby. The villa itself made me feel fully rested. The house is very spacious, can accommodate 5-6 members as they feature modern 4 bedrooms and all the necessary equipment. There is a lovely private swimming pool outside. The kitchen is also fully equipped. Living room is decorated with modern quality furniture sets. Moreover, the living area is also surrounded by glass windows that bring natural light that makes me feel comfortable. There is a large car park for 3 cars plus a 24-hour security system. So I think it is worth the price. So impressed!
Phuket
Ko Kaeo

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Location and Neighborhood

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