The Charm

4.5 (1 Review)

Patong, Kathu,Phuket

Unit ID: U82983
5% GUAR. RETURN FOR 3 YEARS
฿5,950,000 ฿6,480,000 Great Price
Bedroom
Studio Bedroom
Bathroom
1 Bathroom
Indoor Area
44.60 SqM Size
Floors
2 Floor
Construction
Sep 2014 Completed

Studio Condo for sale at The Charm

This property is a 44.60 SqM studio condo with 1 bathroom that is available for sale. It is part of the The Charm project in Patong, Phuket and was completed in Sep 2014. You can buy this condo for a base price of ฿5,950,000 (฿133,408/SqM) and it is also available for long term rentals starting from ฿28,456 per month.

Freehold Beachfront Condo at the Charm Resort in Patong

Located on the 2nd floor within a 4-star beachfront resort in Patong Living Area: 45 sqm Patong has virtually no other development within 50 m to the beach available for freehold ownership, making this a unique opportunity for investors! Interior - 1 super king-size double bed (180x200 cm) - 1 queen-size bed (110x200cm) - Ample wardrobe space - Office desktop - Kitchenette - Spacious bathroom with tub and shower, - Balcony with outdoor furniture - Air-con, cable flat-screen TV, DVD, WiFi, etc. Advantages - Freehold - Beachfront - 24/7 reception and service within a 4-star resort in Patong - All year income from rentals - Already renown resort with high performance - Ready for occupancy — almost immediate transfer of ownership - Persistent high value - Immediate Returns — No construction means no delays. A completed property is ready to hit the rental market ASAP. If it's livable, it is rentable, meaning your investment can generate a return from day one. The affordable price and potential high nightly rental rates make the property ideal for return on investment all year round. Location The proximity to Patong Beach — Phuket’s best-known beach — is what makes this property special. The development is situated centrally but in a quiet cul de sac — perfect for relaxation. Within a walking distance to:  Patong Beach, the vivid centre of Patong, Jungceylon Shopping Mall, Bangla Road, plenty of restaurants, bars, etc.

Features

BeachfrontBeachfront Beach AccessBeach Access Private GymPrivate Gym Private LiftPrivate Lift Private SaunaPrivate Sauna Private PoolPrivate Pool Pool AccessPool Access Rooftop TerraceRooftop Terrace TerraceTerrace Covered ParkingCovered Parking BalconyBalcony Wifi IncludedWifi Included Outdoor ShowersOutdoor Showers BathtubBathtub MicrowaveMicrowave TVTV Cable TVCable TV Pool Cleaning IncludedPool Cleaning Included

Basic Information

Property Type Condo
Floor 2
Bedroom Studio
Size 44.60 SqM
Price per SqM ฿133,408
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%.

Foreign 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) Partial Sea 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.
฿2,676/mo
Listed By
Private Owner
Date Listed Aug 29, 2018
Last Updated 7 months ago
Unit ID U82983

Price Analysis

Great Price
Estimated market value ฿6,313,834
Great
฿4,370,000
Good
Fair
Above
฿8,680,000
Current asking Price: ฿5,950,000 | Advertised rental rate: ฿28,456/mo
This condo is ฿363,834 BELOW MARKET (-6%) in the Phuket 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
฿5,950,000
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.
฿2,676/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
3 Years

Project Details

Project Name: The Charm
Construction: Completed (Sep 2014)
Floors: 6
Buildings: 2
Units: 246
Project Area: 4,800 SqM
Nearest Landmark Patong Beach - 0.2 Km
Location: Patong, Kathu, Phuket
The Charm Project Details

Project Features

Hotel Managed Hotel Managed
On Site Restaurant On Site Restaurant
Communal Pool Communal Pool
Jacuzzi Jacuzzi
Communal Gym Communal Gym
Bar Bar
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Car Parking Car Parking
Steam Room Steam Room
Sauna Sauna
Reception / Lobby Area Reception / Lobby Area

Popular Facilities at The Charm

  • Reception / Lobby Area
    Ground Floor
  • Communal Pool
    Ground Floor
  • Communal Gym
    Ground Floor
  • Sauna
    Ground Floor
  • On Site Restaurant
    Ground Floor

Available Units at The Charm

For Sale 3 For Rent 2
Get notified when new homes are being added to The Charm

Loan Calculator

Frequently asked questions

No pets are allowed at The Charm 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 is ฿60 per square meter based on the size of indoor area of the property and is ฿2,676 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.
The Charm offers a guaranteed rental return of 5% (based on the purchase price of the property) for a duration of 3 Years.
Read more here.
Patong Beach is the nearest Beach from The Charm and it is 0.2 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 The Charm 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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Reviews

4.5 out of 5 4.5
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Near Patong Beach, Super romantic
4.5 Kristina Caulfield, Canada, 1 year ago
My boyfriend and I love it! It's a romantic place to stay and spend precious time with the people you love. What I like best is the Jacuzzi on our balcony because it is very beautiful and private. The service is excellent and conveniently located in front of Patong Beach near Bangla Road. It's only a few steps to go to many places in Patong such as, shops, restaurants, and nightlife venues at the famous and well-known Bangla Road. I love to hang out every night. Also, our accommodation is very close. You can walk back to your place, very comfortable. OMG! It's a really great condo in my mind, and many different room types are available to choose from at a very competitive price. I'd recommend The Charm as the luxurious condo option in Patong.

Phuket

Patong

Neighborhood Overview

Location and Neighborhood

Street View

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