Unit ID: U282541
6% Rental Yield
Surasak, Pattaya, Chon Buri
฿3,500,000 Great Price
1 Bedroom
1
Bathroom
44.97 SqM
Size
6
Floor
Dec 2015
Completed

About This Condo

This property is a 44.97 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the project in Surasak, Pattaya and was completed in Dec 2015. You can buy this condo for a base price of ฿3,500,000 (฿77,830/SqM) and it is also available for long term rentals starting from ฿18,000 per month.

Features

BalconyBalcony TVTV

Basic Information

Date Listed Jan 29, 2020
Updated 4 years ago
Property Type Condo
Floor 6
Bedroom 1
Size 44.97 SqM
Price per SqM ฿77,830
Pets Not Allowed
Condo Ownership

Foreign nationals can own condominium units as freehold owners in buildings where no 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 it 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.
฿1,574/mo
Listed By
Private Owner
Electricity Price N/A
Water Price N/A
Unit ID U282541

Investment Opportunity: Charges & Yield

Sale Price
฿3,500,000
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.
฿1,574/mo
Rent
฿18,000/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.
16
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.
6%

Project Details

Project Name: The Near Residence
Construction: Completed (Dec 2015)
Floors: 8
Buildings: N/A
Units: 106
Project Area: N/A
Nearest Landmark Koh Loy Ko Sichang Ferry Port - 2.1 Km
Location: Surasak, Pattaya
The Near Residence Project Details

Project Features

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

Available Units at The Near Residence

For Sale 2 For Rent 2
Get notified when new homes are being added to The Near Residence
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Frequently Asked Questions

The common area maintenance fee is ฿35 per square meter based on the size of indoor area of the property and is ฿1,574 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 The Near Residence the required payment for the sinking fund is ฿350 per square meter based on the size of the indoor area of the property.
Koh Loy Ko Sichang Ferry Port is the nearest Pier from The Near Residence and it is 2.1 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 Near Residence 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

Reviews

4.8 out of 5
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
I really like this place and will come back again for sure.
Sandy Zhang, China, 5 years ago
I really like the vibe of the condo. It's modern. The receptionists are lovely. The bedroom is spacious and well-proportioned. There is a bedroom, a living room, and a small kitchen to prepare a simple meal. There is also a balcony overlooking the sea and the island of Ko Si Chang. This place is suitable for those looking for a long-term rental. A washing machine is provided. It is better to rent a car to get around because there isn't much to eat within walking distance.
Pattaya
Surasak

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby The Near Residence

Location
Number of units
Sales Prices
Monthly Rentals
Year Built
Completion Status
Project Name
Location
Number of units
Sales Prices
Monthly Rentals
Year Built
Completion Status
Project Name
Rama Harbour View
Location
Surasak, Si Racha, Chon Buri
Number of units
110
Sales Prices
฿5.5M - ฿7M
▼ -44% underpriced
Monthly Rentals
฿25K - ฿35K
Year Built
Nov 1991
Completion Status
Completed
Project Name
Sonrisa Sriracha
Location
Surasak, Si Racha, Chon Buri
Number of units
141
Sales Prices
฿2.35M - ฿10.4M
▼ -35% underpriced
Monthly Rentals
฿9K - ฿11.5K
Year Built
Nov 2016
Completion Status
Completed
Location
Surasak, Si Racha, Chon Buri
Number of units
287
Sales Prices
฿2.99M
▼ -26% underpriced
Monthly Rentals
฿8K
Year Built
Jan 2019
Completion Status
Completed
Location
Surasak, Si Racha, Chon Buri
Number of units
722
Sales Prices
฿2.5M - ฿8.5M
▼ -14.3% underpriced
Monthly Rentals
฿10K - ฿50K
Year Built
Dec 2017
Completion Status
Completed
Project Name
Sriracha Bay View
Location
Si Racha, Si Racha, Chon Buri
Number of units
N/A
Sales Prices
฿2.49M - ฿4M
Monthly Rentals
N/A
Year Built
Jan 1995
Completion Status
Completed
Location
Si Racha, Si Racha, Chon Buri
Number of units
273
Sales Prices
฿3.2M - ฿6.99M
▲ 1% overpriced
Monthly Rentals
฿12K - ฿28K
Year Built
Dec 2016
Completion Status
Completed
Location
Surasak, Si Racha, Chon Buri
Number of units
200
Sales Prices
฿3.39M
Monthly Rentals
N/A
Year Built
N/A
Completion Status
Completed
Location
Surasak, Si Racha, Chon Buri
Number of units
770
Sales Prices
฿2.5M - ฿4.25M
Monthly Rentals
฿8.5K - ฿25K
Year Built
Apr 2017
Completion Status
Completed
Location
Si Racha, Si Racha, Chon Buri
Number of units
468
Sales Prices
฿4.29M
Monthly Rentals
N/A
Year Built
Jan 2023
Completion Status
Completed
Location
Surasak, Si Racha, Chon Buri
Number of units
N/A
Sales Prices
฿1.99M
Monthly Rentals
N/A
Year Built
N/A
Completion Status
Off Plan
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