Studio Apartment for sale at Patong Heritage

4.67 (1 Review)
Patong, Kathu,Phuket
Unit ID: U1017798
5% Rental Yield
฿4,000,000
Studio Bedroom
1 Bathroom
30 SqM Size
1 Floor
Sep 2007 Completed

About This Apartment

This property is a 30 SqM studio apartment with 1 bathroom that is available for sale. It is part of the Patong Heritage project in Patong, Phuket and was completed in Sep 2007. You can buy this apartment for a base price of ฿4,000,000 (฿133,333/SqM) and it is also available for long term rentals starting from ฿17,000 per month.

Features

BalconyBalcony

Basic Information

Property Type Apartment
Floor 1
Bedroom Studio
Size 30 SqM
Price per SqM ฿133,333
Apartment Ownership

Foreign nationals can be freehold owners of condominium units, in buildings where not more than 49% of the unit floor space is owned by foreigners. Units that are part of the Thai quota or are being leased for 30 years can be converted to the foreign freehold quota if that is currently below 49%.

Thai Quota, Company
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) Sea View, Mountain View
Unit Type N/A
Building 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 Jul 30, 2021
Last Updated 6 months ago
Unit ID U1017798

Price Analysis

Fair Price
Estimated market value ฿3,799,519
Great
฿2,240,000
Good
Fair
Above
฿5,620,000
Current asking Price: ฿4,000,000 | Advertised rental rate: ฿17,000/mo
This apartment is ฿200,481 ABOVE MARKET (5%) in the Phuket area. It is analyzed against similar apartments 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
฿4,000,000
Rent
฿17,000/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.
20
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.
5%

Project Details

Project Name: Patong Heritage
Construction: Completed (Sep 2007)
Floors: 17
Buildings: 1
Units: 165
Project Area: 2,784 SqM
Nearest Landmark Central Patong - 0.4 Km
Location: Patong, Kathu, Phuket
Patong Heritage Project Details

Project Features

On Site Restaurant On Site Restaurant
Communal Pool Communal Pool
Communal Gym Communal Gym
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Car Parking Car Parking
Reception / Lobby Area Reception / Lobby Area

Popular Facilities at Patong Heritage

  • Communal Pool
    2nd Floor
  • Communal Gym
    2nd Floor
  • Reception / Lobby Area
    Ground Floor

Available Units at Patong Heritage

For Sale 3 For Rent 1
Get notified when new homes are being added to Patong Heritage

Loan Calculator

Frequently Asked Questions

No pets are allowed at Patong Heritage unless specifically permitted by the juristic office. Exceptions can be made for service or guide dogs for persons with disabilities.
Central Patong is the nearest Shopping Mall from Patong Heritage and it is 0.4 km away.

Foreigners can own a condominium Freehold in their own name. Condominium ownership is best explained by looking at an example of a project that has 100 units for sale.

In this example, 49 of the total units in this building (or 49% of the total salable area) can be owned outright by non-thai nationals in their name.  The ownership titles of these 49 units is referred to as Freehold or Foreign Quota. 

This leaves 51 units remaining in the building (or 51% of the total salable). The freehold rights to these units are reserved for Thai nationals in what is commonly referred to as the Thai quota.

 

Read more here

After you have found the right property at Patong Heritage you have to follow these steps:

  • - Agreement of terms and conditions
  • - Reservation Agreement
  • - Reservation Deposit
  • - Sales and Purchase Agreement
  • - Settlement & Transfer

 


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 Patong Heritage?

Find out how much your property is worth and start your listing for free.

Reviews

4.7 out of 5 4.67
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Nice place!
4.7 Sharma Ali, India, 5 years ago
This place is excellent. It is centrally located in Patong Beach, close to Central Patong and Bangla Road. It is easy for us to walk around. What I was impressed with the most is the good services from attentive staff. They were friendly and helpful. I also like the spacious and modern lobby with a combination of multicolors. My studio doesn't have much space, but it's not too cramped. There is also a sink area, a bathroom, a closet with matching colors. The room was clean and comfortable. There is also a restaurant in the project. The breakfast includes fruits, juices, and Indian food. Surprisingly, the kitchen is in a Chef Table concept which is quite fascinating!
Phuket
Patong

Neighborhood Overview

Location and Neighborhood

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