1 Bedroom Condo for sale at Utopia Loft

(1 Review)
Rawai, Phuket Town,Phuket
Unit ID: U26316
7% Rental Yield
1 Bedroom
1 Bathroom
37 SqM Size
3 Floor
Aug 2019 Completed

About This Condo

This property is a 37 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the Utopia Loft project in Rawai, Phuket and was completed in Aug 2019. You can buy this condo for a base price of ฿4,200,000 (฿113,514/SqM).

Features

DuplexDuplex BalconyBalcony

Basic Information

Date Listed May 12, 2017
Updated 4 years ago
Property Type Condo
Floor 3
Bedroom 1
Size 37 SqM
Price per SqM ฿113,514
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%.

Leasehold
Furniture
Unfurnished
View(s) 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.
฿1,850/mo
Listed By
Developer
Electricity Price Government Rate
Water Price Government Rate
Unit ID U26316

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.
฿1,850/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.
14
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 Utopia Loft, and the current sales price.
7%

Project Details

Project Name: Utopia Loft
Construction: Completed (Aug 2019)
Floors: 4
Buildings: 2
Units: 236
Project Area: 12,808 SqM
Nearest Landmark Rawai Beach - 1.8 Km
Location: Rawai, Phuket
Utopia Loft Project Details

Project Features

Hotel Managed Hotel Managed
On Site Restaurant On Site Restaurant
Communal Pool Communal Pool
Communal Gym Communal Gym
Bar Bar
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Car Parking Car Parking
Spa Spa
Reception / Lobby Area Reception / Lobby Area

Popular Facilities at Utopia Loft

  • Communal Pool
    Ground Floor
  • Communal Pool
    4th Floor
  • On Site Restaurant
    5th Floor
  • Spa
    5th Floor
  • Communal Gym
    5th Floor
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Available Units at Utopia Loft

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Frequently Asked Questions

No pets are allowed at Utopia Loft 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 ฿50 per square meter based on the size of indoor area of the property and is ฿1,850 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 Utopia Loft the required payment for the sinking fund is ฿500 per square meter based on the size of the indoor area of the property.
Rawai Beach is the nearest Beach from Utopia Loft and it is 1.8 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 Utopia Loft 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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Sale Price : ฿1299,999
FazWaz Estimate : ฿179,999
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Price Rating : Fair Price

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Reviews

4.7 out of 5
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
There are many options for investment.
Lee Cai, China, 4 years ago
If you are looking for investment property in Phuket, I think it is a good choice. The service can be said as a very good serve as a 5-star rating, and there are many options for investment. If you do not like difficult travel, there is a free shuttle bus available to many locations (additional charges may apply). I think it's worth the long term investment, or it can be purchased as a vacation rental because it is located in a prime location close to the beach, quiet and private.
Phuket
Rawai

Neighborhood Overview

Location and Neighborhood

Street View

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