1 Bedroom Condo for sale at Maestro 03 Ratchada-Rama 9

(1 Review)
Din Daeng, Din Daeng,Bangkok
Unit ID: U78547
4% Rental Yield
1 Bedroom
1 Bathroom
32.31 SqM Size
1 Floor
May 2018 Completed

About This Condo

This property is a 32.31 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the Maestro 03 Ratchada-Rama 9 project in Din Daeng, Bangkok and was completed in May 2018. You can buy this condo for a base price of ฿4,741,400 (฿146,747/SqM).

Features

TerraceTerrace

Basic Information

Date Listed Jun 29, 2018
Updated 3 years ago
Property Type Condo
Floor 1
Bedroom 1
Size 32.31 SqM
Price per SqM ฿146,747
Pets Not Allowed
Condo Ownership

Foreign nationals can be freehold owners of condominium units, in buildings where not 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 that is currently below 49%.

Foreign Quota, 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 AA - 1BR
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.
฿2,100/mo
Listed By
Developer
Electricity Price N/A
Water Price N/A
Unit ID U78547

Price Analysis

Great Price
Estimated market value ฿5,670,687
Great
฿5,640,000
Good
Fair
Above
฿5,780,000
Current asking Price: ฿4,741,400 | Rental estimate: ฿17,000/mo
This condo is ฿929,287 BELOW MARKET (-16%) in the Bangkok area. It is analyzed against similar condos and is based on previous transaction data, the current market situation, neighborhood details, and the specific details of this property.
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Investment Opportunity: Charges & Yield

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.
฿2,100/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.
23
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 1 bedroom condos at Maestro 03 Ratchada-Rama 9, and the current sales price.
4%

Project Details

Construction: Completed (May 2018)
Floors: 8
Buildings: N/A
Units: 335
Project Area: N/A
Nearest Landmark Phra Ram 9 MRT - 1.1 Km
Location: Din Daeng, Bangkok
Maestro 03 Ratchada-Rama 9 Project Details

Project Features

Communal Pool Communal Pool
Communal Gym Communal Gym
24H Security 24H Security
Car Parking Car Parking
Steam Room Steam Room
Sauna Sauna
Reception / Lobby Area Reception / Lobby Area
Close
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Frequently Asked Questions

Small dogs (weight under 15 kg), cats and small pets like rabbits, hamsters and guinea pigs are allowed at Maestro 03 Ratchada-Rama 9.
The common area maintenance fee is ฿65 per square meter based on the size of indoor area of the property and is ฿2,100 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 Maestro 03 Ratchada-Rama 9 the required payment for the sinking fund is ฿650 per square meter based on the size of the indoor area of the property.
Phra Ram 9 MRT is the nearest MRT Station from Maestro 03 Ratchada-Rama 9 and it is 1.1 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 Maestro 03 Ratchada-Rama 9 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

Sale Price : ฿5,759,000
FazWaz Estimate : ฿5,550,000
Price Rating : Great Price
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FazWaz Estimate : ฿11,990,999
Price Rating : Great Price
Sale Price : ฿1299,999
FazWaz Estimate : ฿179,999
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Price Rating : Fair Price

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Reviews

4 out of 5
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
The new condo in the city center is convenient to travel.
Thiago D., Mexico, 4 years ago
I rented a 1-bedroom unit, which is spacious enough for living for 1-2 people. The living area is well-proportioned with maximum practical use, and the room also comes with complete furniture. There are complete facilities in the common area, like a fitness center, swimming pool, and reliable security system. Plus, the condo is close to Phra Ram 9 MRT, CentralPlaza Grand Rama 9, flea markets, and many more. I would say that this condo is perfect! For those who look for a condo, this place is highly recommended!
Bangkok
Din Daeng

Neighborhood Overview

Location and Neighborhood

Street View

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