Groove Ladprao 18

0  (Write Review)

Chomphon, Chatuchak,Bangkok

Unit ID: U631846
5% GUAR. RETURN FOR 2 YEARS
฿3,408,888 Great Price
Bedroom
Studio Bedroom
Bathroom
1 Bathroom
Indoor Area
30 SqM Size
Floors
5 Floor
Construction
Jan 2021 Completed

Studio Condo for sale at Groove Ladprao 18

This property is a 30 SqM studio condo with 1 bathroom that is available for sale. It is part of the Groove Ladprao 18 project in Chomphon, Bangkok and was completed in Jan 2021. You can buy this condo for a base price of ฿3,408,888 (฿113,630/SqM).

Features

Media Room/CinemaMedia Room/Cinema Pool AccessPool Access Rooftop TerraceRooftop Terrace Garden AccessGarden Access Covered ParkingCovered Parking BalconyBalcony Fully RenovatedFully Renovated Renovated KitchenRenovated Kitchen Renovated BathroomRenovated Bathroom

Basic Information

Property Type Condo
Floor 5
Bedroom Studio
Size 30 SqM
Price per SqM ฿113,630
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%.

Thai Quota
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, Unblocked Open 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.
฿1,740/mo
Listed By
Private Owner
Date Listed Sep 2, 2020
Last Updated 1 year ago
Unit ID U631846

Price Analysis

Great Price
Estimated market value ฿3,797,635
Great
฿3,730,000
Good
Fair
Above
฿4,010,000
Current asking Price: ฿3,408,888
This condo is ฿388,747 BELOW MARKET (-10%) in the Bangkok area. It is analyzed against similar condos 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
฿3,408,888
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.
฿1,740/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
Guaranteed Rental Return
5%
Guarantee Duration
2 Years

Project Details

Project Name: Groove Ladprao 18
Construction: Completed (Jan 2021)
Floors: 7
Buildings: N/A
Units: 218
Project Area: 1,804 SqM
Nearest Landmark Lat Phrao MRT - 0.5 Km
Location: Chomphon, Chatuchak, Bangkok
Groove Ladprao 18 Project Details

Project Features

Communal Pool Communal Pool
Jacuzzi Jacuzzi
Communal Gym Communal Gym
24H Security 24H Security
Indoor Kids Zone Indoor Kids Zone
Car Parking Car Parking
Reception / Lobby Area Reception / Lobby Area
Co-Working Space / Meeting Room Co-Working Space / Meeting Room
Indoor Games Room Indoor Games Room
Communal Garden Area Communal Garden Area
Key card access Key card access

Available Units at Groove Ladprao 18

Loan Calculator

Payment Plan

Installment Milestone Payment
Reservation Deposit
Immediately
฿50,000
1st Installment
Upon contract signing
30%
2nd Installment
6 Months After Signing Contract
20%
3rd Installment
Transfer
50%

Frequently asked questions

The common area maintenance fee is ฿58 per square meter based on the size of indoor area of the property and is ฿1,740 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 Groove Ladprao 18 the required payment for the sinking fund is ฿500 per square meter based on the size of the indoor area of the property.
Groove Ladprao 18 offers a guaranteed rental return of 5% (based on the purchase price of the property) for a duration of 2 Years.
Read more here.
Lat Phrao MRT is the nearest MRT from Groove Ladprao 18 and it is 0.5 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 Groove Ladprao 18 you have to follow these steps:

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

 


Installment Milestone Payment
Reservation Deposit
Immediately
฿50,000
1st Installment
Upon contract signing
30%
2nd Installment
6 Months After Signing Contract
20%
3rd Installment
Transfer
50%

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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