1 Bedroom Condo for sale at Avenue Residence

(1 Review)
Nong Prue, Pattaya, Chon Buri
Unit ID: U36344
7% Rental Yield
1 Bedroom
1 Bathroom
45 SqM Size
4 Floor
May 2010 Completed

About This Condo

This property is a 45 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the Avenue Residence project in Nong Prue, Pattaya and was completed in May 2010. You can buy this condo for a base price of ฿2,799,000 (฿62,200/SqM) and it is also available for long term rentals starting from ฿16,000 per month.

Live the Luxe Life at the Avenue Residence!

Welcome to the Avenue Residence! This charming 1 bedroom, 1 bathroom condo is now available for sale. Spanning a generous 45 sqm of pure relaxation and leisure, it makes a great choice for those who appreciate the finer things in life. This delightful condo is part of the Avenue Residence project nestled in peaceful Nong Prue, Chon Buri, and was completed in May 2010. Location is key when it comes to real estate properties and this one is conveniently located near plenty of shops, restaurants and family-friendly spots. This property isn't just a great investment; it makes a great home too. With the right touch of your own personal style, it can be transformed into an abode you can thoroughly enjoy for years to come.You can buy this condo for a base price of just ฿2,799,000 (฿62,200/SqM). Or if you'd like to rent it out for a long-term stay, it's also available to rent starting from just ฿15,000 per month. Such an extra income stream through renting out your condo is something to consider as future plans unfold. Don't miss out on this great opportunity! Get in touch with us today and discover how fulfilling owning a property can be.

Features

BalconyBalcony

Basic Information

Date Listed Nov 2, 2017
Updated 9 months ago
Property Type Condo
Floor 4
Bedroom 1
Size 45 SqM
Price per SqM ฿62,200
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
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, Blocked 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.
฿1,350/mo
Listed By
Private Owner
Electricity Price N/A
Water Price N/A
Unit ID U36344

Price Analysis

Great Price
Estimated market value ฿3,922,314
Great
฿3,500,000
Good
Fair
Above
฿5,180,000
Current asking Price: ฿2,799,000 | Advertised rental rate: ฿16,000/mo
This condo is ฿1,123,314 BELOW MARKET (-29%) in the Pattaya 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.
฿1,350/mo
Rent
฿16,000/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.
15
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.
7%

Project Details

Project Name: Avenue Residence
Developer: Nova Group
Construction: Completed (May 2010)
Floors: 8
Buildings: 1
Units: 228
Project Area: N/A
Nearest Landmark South Pattaya Beach - 0.4 Km
Location: Nong Prue, Pattaya
Avenue Residence Project Details

Project Features

Communal Pool Communal Pool
Jacuzzi Jacuzzi
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
Key card access Key card access

Popular Facilities at Avenue Residence

  • Communal Pool
    Ground Floor
  • Communal Gym
    Ground Floor
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This condo was reserved by another buyer but check out these similar properties

Available Units at Avenue Residence

For Sale 5 For Rent 12
Get notified when new homes are being added to Avenue Residence
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Frequently Asked Questions

No pets are allowed at Avenue Residence 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 ฿30 per square meter based on the size of indoor area of the property and is ฿1,350 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.
South Pattaya Beach is the nearest Beach from Avenue Residence and it is 0.4 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 Avenue Residence 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
Sale Price : ฿12,140,999
FazWaz Estimate : ฿11,990,999
Price Rating : Great Price
Sale Price : ฿1299,999
FazWaz Estimate : ฿179,999
Price Rating : Overpriced
Sale Price : ฿159,999
FazWaz Estimate : ฿149,999
Price Rating : Fair Price

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Reviews

4.8 out of 5
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Location quite near the busy city
Verified Visitor, 2 years ago
Nice room, beautifuly location and a nice pool as well. Everthing was clean and I would come over next time.
Pattaya
Nong Prue

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby Avenue Residence

Location
Number of units
Sales Prices
Monthly Rentals
Year Built
Completion Status
Project Name
Location
Number of units
Sales Prices
Monthly Rentals
Year Built
Completion Status
Location
Nong Prue, Pattaya, Chon Buri
Number of units
380
Sales Prices
฿1.94M - ฿5.3M
▼ -13% underpriced
Monthly Rentals
฿11K - ฿25K
Year Built
Sep 2015
Completion Status
Completed
Location
Nong Prue, Pattaya, Chon Buri
Number of units
158
Sales Prices
฿3.5M - ฿12.8M
▼ -28% underpriced
Monthly Rentals
฿15.5K - ฿50K
Year Built
Jun 2009
Completion Status
Completed
Location
Nong Prue, Pattaya, Chon Buri
Number of units
788
Sales Prices
฿3.7M - ฿6.16M
▼ -4.7% underpriced
Monthly Rentals
฿16K - ฿30K
Year Built
Jun 2018
Completion Status
Completed
Location
Nong Prue, Pattaya, Chon Buri
Number of units
366
Sales Prices
฿3.6M - ฿10M
▼ -9.1% underpriced
Monthly Rentals
฿13K - ฿35K
Year Built
Nov 2010
Completion Status
Completed
Project Name
The Pride
Location
Nong Prue, Pattaya, Chon Buri
Number of units
79
Sales Prices
฿4.4M - ฿4.7M
▼ -14% underpriced
Monthly Rentals
฿26K
Year Built
Jul 2009
Completion Status
Completed
Location
Nong Prue, Pattaya, Chon Buri
Number of units
N/A
Sales Prices
฿2.89M - ฿5.7M
▼ -25.5% underpriced
Monthly Rentals
N/A
Year Built
Nov 1992
Completion Status
Completed
Location
Nong Prue, Pattaya, Chon Buri
Number of units
603
Sales Prices
฿4.2M - ฿6.49M
▼ -3.3% underpriced
Monthly Rentals
฿24K - ฿38.5K
Year Built
Oct 2021
Completion Status
Completed
Project Name
Center Condotel
Location
Nong Prue, Pattaya, Chon Buri
Number of units
520
Sales Prices
฿3.9M
Monthly Rentals
฿20K
Year Built
Nov 1990
Completion Status
Completed
Location
Nong Prue, Pattaya, Chon Buri
Number of units
1112
Sales Prices
฿3.15M - ฿8.2M
▲ 5.3% overpriced
Monthly Rentals
฿14K - ฿45K
Year Built
Apr 2016
Completion Status
Completed
Location
Nong Prue, Pattaya, Chon Buri
Number of units
9
Sales Prices
฿36M
Monthly Rentals
N/A
Year Built
N/A
Completion Status
Completed
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