Unit ID: U1182272
5% Rental Yield
Nong Prue, Pattaya, Chon Buri
฿11,990,000
3 Bedrooms
5
Bathrooms
360 SqM
Indoor Area
4
Storeys
Feb 2015
Completed

About This Townhouse

This property is a 360 SqM townhouse with 3 bedrooms and 5 bathrooms that is available for sale. It is part of the Narai Place project in Nong Prue, Pattaya and was completed in Feb 2015. You can buy this townhouse for a base price of ฿11,990,000 (฿33,306/SqM) and it is also available for long term rentals starting from ฿45,000 per month.

4 Storey 3 Bedroom Townhouse for Sale at Narai Place

This 3-bedroom Townhouse is located at Narai Place, Pratumnak Hill Pattaya. Great location, close to many restaurants, convenience stores, and not far from the beach. 360 sq.m., 4 floors, fully furnished, 3 bedrooms, 5 bathrooms, 1 kitchen, 1 living room. The facilities at Narai Place include parking, 24-hours security, CCTV, swimming pool, gym, garden/bbq, wi-fi.

Features

TerraceTerrace Covered ParkingCovered Parking BalconyBalcony Wifi IncludedWifi Included

Basic Information

Date Listed Dec 9, 2022
Updated 1 year ago
Property Type Townhouse
Storeys 4
Location Nong Prue, Pattaya
Bedrooms 3
Nearest Landmark Pratumnak Beach -0.7 Km
Indoor Area 360 SqM
Price per SqM ฿33,306
Outdoor Area
This is the combined size of the terrace, pool, parking area, and sala. It does not include the size of the garden.
20 SqM
Plot Size 120 SqM
Pets All Kind of Pets Allowed
Townhouse Ownership

Foreign nationals can own the building (townhouse) in their own name but not the land that it stands on.

Thai Ownership
Land Ownership

Foreign nationals cannot own land in Thailand. The options in which a foreigner can control the land are via a 30-year lease or by purchasing the land through a Thai company.

Thai Ownership
Land Title Deed Chanote
Construction Completed (Feb 2015)
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
Unit Type N/A
Parking Spots 1
Pool Size 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
Electricity Price N/A
Water Price N/A
Unit ID U1182272

Investment Opportunity: Charges & Yield

Sale Price
฿11,990,000
Rent
฿45,000/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.
22
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: Narai Place
Developer: N/A
Construction: Completed (Feb 2015)
Units: 1
Project Area: N/A
Nearest Landmark Pratumnak Beach - 0.7 Km
Location: Nong Prue, Pattaya
Narai Place 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

Available Units at Narai Place

For Sale 1 For Rent 1
Get notified when new homes are being added to Narai Place
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Frequently Asked Questions

All kind of pets are allowed at Narai Place including dogs, cats, rabbits, hamsters, guinea pigs, birds, and reptiles.
Pratumnak Beach is the nearest Beach from Narai Place and it is 0.7 km away.

The building (the bricks and mortar) can be owned by a non-Thai national outright in their name in what is called the house registry which secures ownership indefinitely of the structure. 

In Thailand, non-Thai nationals cannot own land outright in their name. Land can be controlled through either a Thai Company or a long-term registered lease. The longest registered lease term by Thai law is 30 years, and most developers will offer 3 terms for a total of 90 years.

 

Read more here

After you have found the right property at Narai Place you have to follow these steps:

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


Read more here

A 30-year lease period is legally protected under Thai law and ownership cannot be disrupted. It is common for developers to offer an additional two terms of 30 contractually obligating a total of 90 years. 

Prior to purchasing a leasehold property, it is important to secure a copy of the lease agreement or get further clarity on these three points.

  • - Who is the lessor? (an individual or a Thai Company) Securing a lease from a Thai Company offers much more security than a private individual.

  • - Do I have voting rights as a Lessee? (Some lease contracts do not allow lessee to have voting rights)

  • - Is there a succession clause in the lease agreement that will allow inheritance of the lease?

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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Pattaya
Nong Prue

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby Narai Place

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