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    3 Bedroom Condo for sale at Richmond Palace
    Khlong Tan Nuea, Watthana,Bangkok
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    Sale Price
    ฿17,200,000
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    3 Bedroom Condo for sale at Richmond Palace
    (1 Review)
    Unit ID: U1947248
    4% Rental Yield
    Khlong Tan Nuea, Watthana,Bangkok
    ฿17,200,000
    3 Bedrooms
    2
    Bathrooms
    163 SqM
    Size
    7
    Floor
    Dec 1993
    Completed
    20
    Sale Price
    ฿17,200,000

    About This Condo

    This property is a 163 SqM condo with 3 bedrooms and 2 bathrooms that is available for sale. It is part of the project in Khlong Tan Nuea, Bangkok and was completed in Dec 1993. You can buy this condo for a base price of ฿17,200,000 (฿105,521/SqM) and it is also available for long term rentals starting from ฿58,000 per month.

    Features

    Direct access to BTS/MRTDirect access to BTS/MRT Access to BTS/MRTAccess to BTS/MRT

    Basic Information

    Date Listed Oct 9, 2024
    Updated 1 month ago
    Property Type Condo
    Floor 7
    Bedrooms 3
    Size 163 SqM
    Price per SqM ฿105,521
    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
    Unit Type N/A
    Building Richmond Palace
    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 U1947248

    Investment Opportunity: Charges & Yield

    Sale Price
    ฿17,200,000
    Rent
    ฿58,000/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.
    25
    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.
    4%

    Project Details

    Project Name: Richmond Palace
    Developer: Richmond Group
    Construction: Completed (Dec 1993)
    Floors: 23
    Buildings: 1
    Units: 157
    Project Area: 2,176 SqM
    Nearest Landmark Phrom Phong BTS - 0.6 Km
    Location: Khlong Tan Nuea, Bangkok
    Richmond Palace Project Details

    Project Features

    Communal Pool Communal Pool
    Communal Gym Communal Gym
    24H Security 24H Security
    CCTV (Video Surveillance) CCTV (Video Surveillance)
    Indoor Kids Zone Indoor Kids Zone
    Car Parking Car Parking
    Steam Room Steam Room
    Sauna Sauna
    Outdoor Kids Zone Outdoor Kids Zone
    Back Up Generators Back Up Generators
    Key card access Key card access

    Popular Facilities at Richmond Palace

    • All
    • Fitness
    • Leisure
    • Convenience
    4
    • Reception / Lobby Area
      Ground Floor
    • Communal Pool
      Ground Floor
    • Communal Gym
      Ground Floor
    • Outdoor Kids Zone
      Ground Floor

    Available Units at Richmond Palace

    For Sale 5 For Rent 24
    • All
    • 3 Beds
    Get notified when new homes are being added to Richmond Palace
    View All (5)

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    Frequently Asked Questions

    No pets are allowed at Richmond Palace unless specifically permitted by the juristic office. Exceptions can be made for service or guide dogs for persons with disabilities.
    Phrom Phong BTS is the nearest BTS Station from Richmond Palace and it is 0.6 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 Richmond Palace 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

    5 out of 5
    Based on
    1 Review
    Maintenance
    Staff / Security
    Facilities on Site
    Quality of Finishing
    Value for Money
    Location
    + Write a review
    Great Investment Condo
    Sanit P., Thailand, 6 years ago
    I have had this room for 3 years for renting out, and the return is GOOD! There are always foreigners contacting me for more details as the location is convincing. The access is very convenient near Phrom Phong BST, almost 1 km away. If you prefer to go shopping, the TOP Supermarket is 600 meters away, or the Miracle mall is 650 meters. It's also easy to find restaurants, schools, and hospitals. The condo seems outdated but well-maintained. The staff is excellent service-minded. The facilities are extensive, with a pool, a gym, and many more. The room types vary from 2 to 4 bedrooms. Mine is a 3-bedroom type at 145 sq.m wide with modern furniture. It's just ready to move in! My clients are usually fond of renting my place. I got so many compliments. I would recommend the condo if anyone is buying a condo for investment!
    Bangkok
    Khlong Tan Nuea

    Neighborhood Overview

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