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    2 Bedroom Condo for sale at Diamond Condominium Patong
    Patong, Kathu,Phuket
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    Sale Price
    ฿5,400,000
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    2 Bedroom Condo for sale at Diamond Condominium Patong
    (2 Reviews)
    Unit ID: U1955216
    6% Rental Yield
    Tenant-Occupied until Nov 30, 2025
    Patong, Kathu,Phuket
    ฿5,400,000
    2 Bedrooms
    2
    Bathrooms
    70 SqM
    Size
    5
    Floor
    Oct 2002
    Completed
    22
    Sale Price
    ฿5,400,000

    About This Condo

    This property is a 70 SqM condo with 2 bedrooms and 2 bathrooms that is available for sale. It is part of the project in Patong, Phuket and was completed in Oct 2002. You can buy this condo for a base price of ฿5,400,000 (฿77,143/SqM).

    Basic Information

    Date Listed Oct 25, 2024
    Updated 1 month ago
    Property Type Condo
    Floor 5
    Bedrooms 2
    Size 70 SqM
    Price per SqM ฿77,143
    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%.

    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) Sea View, Mountain 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.
    ฿3,150/mo
    Listed By
    Private Owner
    Electricity Price N/A
    Water Price N/A
    Unit ID U1955216

    Investment Opportunity: Charges & Yield

    Sale Price
    ฿5,400,000
    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.
    ฿3,150/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 based on the estimated rental rate. To calculate this figure we use the average monthly rent rates (for 1-year contracts) from other 2 bedroom condos at Diamond Condominium Patong, and the current sales price.
    6%

    Project Details

    Project Name: Diamond Condominium Patong
    Developer: N/A
    Construction: Completed (Oct 2002)
    Floors: 6
    Buildings: N/A
    Units: 16
    Project Area: N/A
    Nearest Landmark Central Patong - 1.5 Km
    Location: Patong, Phuket
    Diamond Condominium Patong Project Details

    Project Features

    Communal Pool Communal Pool
    24H Security 24H Security
    CCTV (Video Surveillance) CCTV (Video Surveillance)
    Car Parking Car Parking

    Available Units at Diamond Condominium Patong

    For Sale 1 For Rent 1
    • All
    • 2 Beds
    Get notified when new homes are being added to Diamond Condominium Patong
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    Frequently Asked Questions

    The common area maintenance fee is ฿45 per square meter based on the size of indoor area of the property and is ฿3,150 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.
    Central Patong is the nearest Shopping Mall from Diamond Condominium Patong and it is 1.5 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 Diamond Condominium Patong 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

    4.2 out of 5
    Based on
    2 Reviews
    Maintenance
    Staff / Security
    Facilities on Site
    Quality of Finishing
    Value for Money
    Location
    + Write a review
    An affordable condo in Patong
    Taylor Schneider, Norway, 5 years ago
    I can’t believe I will find a cheap condo in the touristy area of Patong. The room I stayed in is a 2-bedroom unit, good size, and fully furnished. Although the condition may not look very new, every piece of furniture is still usable. There is a swimming pool and sunbeds on the rooftop where I can enjoy the sea view, making me feel so joyful.
    Good location, quiet, close to Patong Beach.
    Teddy Kai, China, 5 years ago
    It has been 2 years since I have lived here. I live alone in a 2-bed unit but use the second bedroom as a working space. The atmosphere here is quiet, not crowded. My fully-furnished room includes a closet, bed, and kitchen equipment. The project provides parking lots, but it is not enough, and there is a rooftop pool. The location is convenient, which is on the way to Kata Beach, Karon Beach, and close to Patong Beach, just a few minutes away.
    Phuket
    Patong

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