Studio Condo for sale at Aspire Sathorn - Ratchaphruek

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Bang Wa, Phasi Charoen,Bangkok
Unit ID: U252099
4% Rental Yield
฿2,290,000
Studio Bedroom
1 Bathroom
26 SqM Size
10 Floor
Sep 2018 Completed

About This Condo

This property is a 26 SqM studio condo with 1 bathroom that is available for sale. It is part of the Aspire Sathorn - Ratchaphruek project in Bang Wa, Bangkok and was completed in Sep 2018. You can buy this condo for a base price of ฿2,290,000 (฿88,077/SqM) and it is also available for long term rentals starting from ฿7,000 per month.

Features

BalconyBalcony MicrowaveMicrowave TVTV

Basic Information

Property Type Condo
Floor 10
Bedroom Studio
Size 26 SqM
Price per SqM ฿88,077
Condo 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%.

Leasehold
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) City View, Garden 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.
฿988/mo
Listed By
Private Owner
Date Listed Nov 27, 2019
Last Updated 1 year ago
Unit ID U252099

Investment Opportunity: Charges & Yield

Sale Price
฿2,290,000
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.
฿988/mo
Rent
฿7,000/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.
27
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

Developer: AP (Thailand)
Construction: Completed (Sep 2018)
Floors: 32
Buildings: N/A
Units: 1049
Project Area: N/A
Nearest Landmark Bang Wa BTS - 2.6 Km
Location: Bang Wa, Phasi Charoen, Bangkok
Aspire Sathorn - Ratchaphruek Project Details

Project Features

Communal Pool Communal Pool
Communal Gym Communal Gym
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Car Parking Car Parking
Sauna Sauna

Available Units at Aspire Sathorn - Ratchaphruek

For Sale 2 For Rent 2
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Frequently Asked Questions

The common area maintenance fee is ฿38 per square meter based on the size of indoor area of the property and is ฿988 for this condo. 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.
For new projects, the buyer pays a one-off lump sum upon transfer of the property from the developer to the buyer. This fund is to be used for major renovations and replacement of equipment when necessary, to ensure the maintenance of the building and the common area. At Aspire Sathorn - Ratchaphruek the required payment for the sinking fund is ฿350 per square meter based on the size of the indoor area of the property.
Bang Wa BTS is the nearest BTS Station from Aspire Sathorn - Ratchaphruek and it is 2.6 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 Aspire Sathorn - Ratchaphruek 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

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Neighborhood Overview

Location and Neighborhood

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