Unit ID: U1104438
7% Rental Yield
Choeng Thale, Thalang,Phuket
฿32,900,000
4 Bedrooms
4
Bathrooms
235.87 SqM
Indoor Area
2
Storeys
12 Months
Made To Order

About This Villa

This property is a 235.87 SqM villa with 4 bedrooms and 4 bathrooms that is available for sale. It is part of the project in Choeng Thale, Phuket and will be built within 12 months of purchase. You can buy this villa for a base price of ฿32,900,000 (฿139,484/SqM).

Features

Private PoolPrivate Pool Private GardenPrivate Garden TerraceTerrace BalconyBalcony Full Western KitchenFull Western Kitchen BathtubBathtub MicrowaveMicrowave OvenOven

Basic Information

Date Listed Sep 21, 2023
Updated 1 year ago
Property Type Villa (Single Detached)
Storeys 2
Location Choeng Thale, Phuket
Bedrooms 4
Nearest Landmark Bang Tao Beach -1.4 Km
Indoor Area 235.87 SqM
Price per SqM ฿139,484
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 419 SqM
Pets Not Allowed
Villa Ownership

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

Thai Ownership, 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.

Thai Ownership, Company
Land Title Deed N/A
Construction Made To Order (12 Months)
Furniture
Built-ins are any items that do not leave the property but remain a part of the permanent structure of a home. This includes any type of permanent appliances, cabinetry, furniture that’s built into the home, such as shelving or benches, and other attached items.
Available for ฿1,200,000
View(s) Pool View, Garden View
Unit Type 4BR
Parking Spots 2
Pool Size 4m x 8m
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.
฿20/mo
Listed By
Developer
Electricity Price Government Rate
Water Price Government Rate
Unit ID U1104438

Investment Opportunity: Charges & Yield

Sale Price
฿32,900,000
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.
฿20/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 based on the estimated rental rate. To calculate this figure we use the average monthly rent rates (for 1-year contracts) from other 4 bedroom villas at Grand View Residence Lagoon, and the current sales price.
7%

Project Details

Construction: Made To Order (12 Months)
Units: 26
Project Area: 1,004 SqM
Nearest Landmark Bang Tao Beach - 1.4 Km
Location: Choeng Thale, Phuket
Grand View Residence Lagoon Project Details

Project Features

24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Car Parking Car Parking
Communal Garden Area Communal Garden Area

Available Units at Grand View Residence Lagoon

For Sale 1 For Rent 1
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Loan Calculator

Payment Plan

Payment Terms
Installment Milestone Payment
Reservation Deposit
Immediately
฿250,000
1st Installment
Upon contract signing
30%
2nd Installment
Main Structure Completion
30%
3rd Installment
Wall and Roof tiles
20%
4th Installment
Floor and Interior
10%
5th Installment
On handover
10%

Frequently Asked Questions

No pets are allowed at Grand View Residence Lagoon 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 for properties at Grand View Residence Lagoon is a fixed amount of ฿20. 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.
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 Grand View Residence Lagoon the required payment for the sinking fund is a fixed amount of ฿100,000.
Bang Tao Beach is the nearest Beach from Grand View Residence Lagoon and it is 1.4 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 Grand View Residence Lagoon you have to follow these steps:

  • - Agreement of terms and conditions
  • - Reservation Agreement
  • - Reservation Deposit
  • - Sales and Purchase Agreement
  • - Settlement & Transfer
Payment Terms
Installment Milestone Payment
Reservation Deposit
Immediately
฿250,000
1st Installment
Upon contract signing
30%
2nd Installment
Main Structure Completion
30%
3rd Installment
Wall and Roof tiles
20%
4th Installment
Floor and Interior
10%
5th Installment
On handover
10%


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

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Phuket
Choeng Thale

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby Grand View Residence Lagoon

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฿4.73M - ฿11.6M
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Completion Status
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Number of units
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Sales Prices
฿14.9M - ฿22M
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Monthly Rentals
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Year Built
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Completion Status
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Location
Choeng Thale, Thalang, Phuket
Number of units
14
Sales Prices
฿19M - ฿35M
Monthly Rentals
฿170K - ฿180K
Year Built
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Completion Status
Completed
Location
Choeng Thale, Thalang, Phuket
Number of units
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Sales Prices
฿23M
Monthly Rentals
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Year Built
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Completion Status
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Project Name
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Location
Choeng Thale, Thalang, Phuket
Number of units
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Sales Prices
฿16M
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Monthly Rentals
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Year Built
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Completion Status
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