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    1 Bedroom Condo for sale at Patong Condotel
    Patong, Kathu,Phuket
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    1 Bedroom Condo for sale at Patong Condotel
    (1 Review)
    Unit ID: U153715
    12% Rental Yield
    Patong, Kathu,Phuket
    Sold
    1 Bedroom
    1
    Bathroom
    56 SqM
    Size
    3
    Floor
    Jan 1991
    Completed
    14
    Sale Price
    Sold

    About This Condo

    This property is a 56 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the Patong Condotel project in Patong, Phuket and was completed in Jan 1991. You can buy this condo for a base price of ฿2,900,000 (฿51,786/SqM).

    Features

    BalconyBalcony

    Basic Information

    Date Listed Nov 1, 2023
    Updated 4 months ago
    Property Type Condo
    Floor 3
    Bedroom 1
    Size 56 SqM
    Price per SqM ฿51,786
    Pets Not Allowed
    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) Blocked 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.
    ฿500/mo
    Listed By
    Private Owner
    Electricity Price N/A
    Water Price N/A
    Unit ID U153715

    Investment Opportunity: Charges & Yield

    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.
    ฿500/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.
    9
    Rental Yield
    This is the gross rental yield based on the estimated rental rate. To calculate this figure we use the average monthly rent rates (for 1-year contracts) from other 1 bedroom condos at Patong Condotel, and the current sales price.
    12%

    Project Details

    Project Name: Patong Condotel
    Developer: N/A
    Construction: Completed (Jan 1991)
    Floors: 9
    Buildings: N/A
    Units: 126
    Project Area: N/A
    Nearest Landmark Patong Beach - 0.6 Km
    Location: Patong, Phuket
    Patong Condotel Project Details

    Project Features

    On Site Restaurant On Site Restaurant
    Bar Bar
    24H Security 24H Security
    Indoor Kids Zone Indoor Kids Zone
    Car Parking Car Parking
    Reception / Lobby Area Reception / Lobby Area
    Close
    YOU MISSED THAT DEAL!
    This condo was reserved by another buyer but check out these similar properties

    Available Units at Patong Condotel

    For Sale 5 For Rent 2
    • All
    • Studio
    • 1 Bed
    Get notified when new homes are being added to Patong Condotel
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    Frequently Asked Questions

    No pets are allowed at Patong Condotel 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 Patong Condotel is a fixed amount of ฿500. 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.
    Patong Beach is the nearest Beach from Patong Condotel and it is 0.6 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 Patong Condotel 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

    4.7 out of 5
    Based on
    1 Review
    Maintenance
    Staff / Security
    Facilities on Site
    Quality of Finishing
    Value for Money
    Location
    + Write a review
    Condominium located near Patong Beach and surrounded by amenities
    Prayoon J., Thailand, 4 years ago
    I rented a studio room in this condo when I was working in one of the hotels in Patong beach. The room comes with a kitchen, living room which is perfectly designed for 1-2 persons. There are also excellent facilities such as a swimming pool and fitness center. In addition, the condo also provides large parking spaces and security services. Such a perfect location! Close to many facilities such as Patong Hospital, Jungceylon, Central Patong, local restaurants, pharmacies, and Soi Bangla. The rental fee is reasonable and convenient transportation. Recommended!!!
    Phuket
    Patong

    Neighborhood Overview

    Location and Neighborhood

    Street View

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