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    3 Bedroom Condo for sale at Narathorn Place
    Thung Mahamek, Sathon,Bangkok
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    Sale Price
    ฿59,000,000 ฿65,000,000
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    3 Bedroom Condo for sale at Narathorn Place
    (4 Reviews)
    Unit ID: U61832
    5% Rental Yield
    Thung Mahamek, Sathon,Bangkok
    ฿59,000,000 ฿65,000,000
    3 Bedrooms
    3
    Bathrooms
    484 SqM
    Size
    3
    Floor
    Dec 2004
    Completed
    14
    Sale Price
    ฿59,000,000
    ฿65,000,000

    About This Condo

    This property is a 484 SqM condo with 3 bedrooms and 3 bathrooms that is available for sale. It is part of the project in Thung Mahamek, Bangkok and was completed in Dec 2004. You can buy this condo for a base price of ฿59,000,000 (฿121,901/SqM).

    Features

    Wet BarWet Bar BalconyBalcony

    Basic Information

    Date Listed Jan 26, 2018
    Updated 4 years ago
    Property Type Condo
    Floor 3
    Bedrooms 3
    Size 484 SqM
    Price per SqM ฿121,901
    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) Pool 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.
    ฿19,360/mo
    Listed By
    Private Owner
    Electricity Price N/A
    Water Price N/A
    Unit ID U61832

    Investment Opportunity: Charges & Yield

    Sale Price
    ฿59,000,000
    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.
    ฿19,360/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.
    21
    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 3 bedroom condos at Narathorn Place, and the current sales price.
    5%

    Project Details

    Project Name: Narathorn Place
    Developer: Kinnaree Property Fund
    Construction: Completed (Dec 2004)
    Floors: 12
    Buildings: 1
    Units: 22
    Project Area: 1,596 SqM
    Nearest Landmark Chong Nonsi BTS - 0.5 Km
    Location: Thung Mahamek, Bangkok
    Narathorn 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
    Sauna Sauna
    Reception / Lobby Area Reception / Lobby Area
    Communal Garden Area Communal Garden Area
    Back Up Generators Back Up Generators
    Key card access Key card access

    Popular Facilities at Narathorn Place

    • All
    • Leisure
    3
    • Communal Pool
      1st Floor

    Available Units at Narathorn Place

    For Sale 1 For Rent 1
    • All
    • 3 Beds
    Get notified when new homes are being added to Narathorn Place
    View All (1)

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    Frequently Asked Questions

    No pets are allowed at Narathorn Place 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 is ฿40 per square meter based on the size of indoor area of the property and is ฿19,360 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 Narathorn Place the required payment for the sinking fund is ฿600 per square meter based on the size of the indoor area of the property.
    Chong Nonsi BTS is the nearest BTS Station from Narathorn Place and it is 0.5 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 Narathorn 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

    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

    3.7 out of 5
    Based on
    4 Reviews
    Maintenance
    Staff / Security
    Facilities on Site
    Quality of Finishing
    Value for Money
    Location
    + Write a review
    Good atmosphere, shady and pleasant.
    Graciela Maguire, Mexico, 5 years ago
    The atmosphere inside the condo is pleasant. The area around the building is covered with trees. The garden is especially shady during the day or afternoon, where I often enjoy bringing my children to the lounge. I have lived here for many years because it is close to the workplace and convenient to travel to. It is also situated in an area with complete facilities and easy access, no need for long travel times. Most importantly, it's safe here. There is enough parking. The condo interior is quiet, and the neighbors are not noisy and friendly, very pleasant to live in.
    Near BTS station, very comfy
    Marta Brunson, United States, 5 years ago
    The atmosphere is livable, shady, and cozy like home. This is a large 3- bedroom suite at 484 sq m. The room is clean and modernly decorated. The living space is functionally allocated with complete furniture. Just grab your luggage, and move in. The location is also convenient and adjacent to Narathiwat Road. Easy to travel, close to Chong Nonsi BTS, 600 meters away.
    Condo near the office with a large swimming pool
    Titta Lee, Thailand, 6 years ago
    I decided to buy a condo here because it is near the office and convenient to travel to. Usually, we use public transport and walk to Chong Nonsi BTS for only 10 minutes. Sometimes we use a private car because it's more convenient because the traffic in this area is not terrible compared to other locations. Although the condo here is quite old, the interior design is beautiful, clean, and well-maintained. What I love is that the amenities are excellent. At first, I liked it because the pool was big. Anyway, when I stay here, I don't swim much. It is a reasonable condo compared to the price and location.
    Good condo near the office, convenient to travel
    Parker Dimeo, Australia, 6 years ago
    The condo site is warm and pleasant. The communal pool is also clean, and the security system is 24 hours a day, excellent care. I bought a condo here for a while. Here, everything is complete as needed. It is also close to my office and convenient to travel anywhere. You can either take Lumpini MRT or taxi services. The condo provides 3 bedrooms with a good space zone. The room decoration is well-designed and made. Moreover, the project facilities are convenient and facilitate life, for example, a fitness center, a communal pool, and car parking. All are considered as good as the location is good and the travel is convenient.
    Bangkok
    Thung Mahamek

    Neighborhood Overview

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