Unit ID: U1163174
7% Rental Yield
Tenant-Occupied until Dec 25, 2024
Nong Prue, Pattaya, Chon Buri
฿5,500,000
3 Bedrooms
2
Bathrooms
150 SqM
Indoor Area
1
Storeys
Feb 2004
Completed

About This Villa

This property is a 150 SqM villa with 3 bedrooms and 2 bathrooms that is available for sale. It is part of the Chokchai Village 5 project in Nong Prue, Pattaya and was completed in Feb 2004. You can buy this villa for a base price of ฿5,500,000 (฿36,667/SqM) and it is also available for long term rentals starting from ฿30,000 per month.

3 Bedroom Villa for Sale at Chokchai Village 5

This spacious 3-bedrooms 2 Bathrooms detached villa is fully furnished. It is located in a gated community just off Sukhumvit Road. It has a nice private pool, which is great for private gatherings.Chokchai Village 5 is a project located in Nong Prue, Pattaya and was completed in Feb 2004.

Features

Private PoolPrivate Pool Private GardenPrivate Garden TerraceTerrace Covered ParkingCovered Parking MicrowaveMicrowave TVTV

Basic Information

Date Listed Mar 9, 2023
Updated 1 month ago
Property Type Villa (Single Detached)
Storeys 1
Location Nong Prue, Pattaya
Bedrooms 3
Nearest Landmark Little Walk Pattaya -1.8 Km
Indoor Area 150 SqM
Price per SqM ฿36,667
Outdoor Area
This is the combined size of the terrace, pool, parking area, and sala. It does not include the size of the garden.
N/A
Plot Size 315 SqM
Pets All Kind of Pets Allowed
Villa Ownership

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

Company
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.

Company
Land Title Deed Chanote
Construction Completed (Feb 2004)
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) Pool View, Garden 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.
฿750/mo
Listed By
Private Owner
Electricity Price N/A
Water Price N/A
Unit ID U1163174

Investment Opportunity: Charges & Yield

Sale Price
฿5,500,000
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.
฿750/mo
Rent
฿30,000/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.
15
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.
7%

Project Details

Project Name: Chokchai Village 5
Developer: N/A
Construction: Completed (Feb 2004)
Units: 102
Project Area: N/A
Nearest Landmark Little Walk Pattaya - 1.8 Km
Location: Nong Prue, Pattaya
Chokchai Village 5 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 Chokchai Village 5

For Sale 1 For Rent 2
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Frequently Asked Questions

All kind of pets are allowed at Chokchai Village 5 including dogs, cats, rabbits, hamsters, guinea pigs, birds, and reptiles.
The common area maintenance fee for properties at Chokchai Village 5 is a fixed amount of ฿750. 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.
Little Walk Pattaya is the nearest Shopping Mall from Chokchai Village 5 and it is 1.8 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 Chokchai Village 5 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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Reviews

4.5 out of 5
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
It makes my life very comfortable
Thisanath Y., Thailand, 5 years ago
I bought a house here to stay with my wife and children. The house that we purchased was at an excellent price. It is a one-story house of 3 bedrooms and 1 bathroom, finely finished with quality furniture. The road in the project is vast, making parking more comfortable. You don't need to snatch for the parking space. The project's facilities include a swimming pool and a gym. The location is close to The Chilled and 7-11 department stores as well as many restaurants. It makes my life very comfortable.
Pattaya
Nong Prue

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby Chokchai Village 5

Location
Number of units
Sales Prices
Monthly Rentals
Year Built
Completion Status
Project Name
Location
Number of units
Sales Prices
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Year Built
Completion Status
Project Name
CC Condominium 2
Location
Nong Prue, Pattaya, Chon Buri
Number of units
848
Sales Prices
฿1.2M - ฿1.98M
▼ -5% underpriced
Monthly Rentals
N/A
Year Built
Jun 2015
Completion Status
Completed
Location
Nong Prue, Pattaya, Chon Buri
Number of units
277
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฿3.3M - ฿4.5M
Monthly Rentals
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Year Built
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Completion Status
Completed
Project Name
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Location
Nong Prue, Pattaya, Chon Buri
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200
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฿1.9M
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Completed
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Nong Prue, Pattaya, Chon Buri
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฿1.9M
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Completion Status
Completed
Location
Nong Prue, Pattaya, Chon Buri
Number of units
69
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฿6.5M - ฿6.75M
▼ -16% underpriced
Monthly Rentals
฿18K - ฿25K
Year Built
Jul 2008
Completion Status
Completed
Location
Nong Prue, Pattaya, Chon Buri
Number of units
92
Sales Prices
฿2.1M
Monthly Rentals
฿8.5K
Year Built
Jan 2010
Completion Status
Completed
Project Name
Supanuch Village
Location
Nong Prue, Pattaya, Chon Buri
Number of units
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Sales Prices
฿6.9M
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Monthly Rentals
฿55K
Year Built
Mar 2005
Completion Status
Completed
Project Name
Paradise Hill 2
Location
Nong Prue, Pattaya, Chon Buri
Number of units
186
Sales Prices
฿2.9M - ฿7M
▼ -14% underpriced
Monthly Rentals
฿25K
Year Built
Jan 2008
Completion Status
Completed
Location
Nong Prue, Pattaya, Chon Buri
Number of units
6
Sales Prices
฿2.03M - ฿2.7M
Monthly Rentals
N/A
Year Built
Dec 2014
Completion Status
Completed
Project Name
Thanyawan Home
Location
Nong Prue, Pattaya, Chon Buri
Number of units
56
Sales Prices
฿5.2M - ฿5.8M
▼ -35% underpriced
Monthly Rentals
N/A
Year Built
Feb 2007
Completion Status
Completed
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