1 Bedroom Condo for sale at The Point Pratumnak

(1 Review)
Nong Prue, Pattaya, Chon Buri
Unit ID: U11002
5% Rental Yield
1 Bedroom
1 Bathroom
51.25 SqM Size
13 Floor
Dec 2017 Completed

About This Condo

This property is a 51.25 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the The Point Pratumnak project in Nong Prue, Pattaya and was completed in Dec 2017. You can buy this condo for a base price of ฿5,226,526 (฿101,981/SqM).

Features

BalconyBalcony

Basic Information

Date Listed Nov 3, 2016
Updated 3 years ago
Property Type Condo
Floor 13
Bedroom 1
Size 51.25 SqM
Price per SqM ฿101,981
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, Company
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.
Built In
View(s) N/A
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.
฿2,050/mo
Listed By
Developer
Electricity Price N/A
Water Price N/A
Unit ID U11002

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.
฿2,050/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.
18
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 The Point Pratumnak, and the current sales price.
5%

Project Details

Project Name: The Point Pratumnak
Construction: Completed (Dec 2017)
Floors: 15
Buildings: 1
Units: 119
Project Area: 1,700 SqM
Nearest Landmark Pratumnak Beach - 1.5 Km
Location: Nong Prue, Pattaya
The Point Pratumnak Project Details

Project Features

Communal Pool Communal Pool
Jacuzzi Jacuzzi
Communal Gym Communal Gym
Bar Bar
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Car Parking Car Parking
Sauna Sauna
Reception / Lobby Area Reception / Lobby Area
Key card access Key card access

Popular Facilities at The Point Pratumnak

  • Reception / Lobby Area
    Ground Floor
  • Communal Pool
    Rooftop
  • Communal Gym
    9th Floor
  • Communal Pool
    Rooftop
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Frequently Asked Questions

No pets are allowed at The Point Pratumnak 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 ฿40 per square meter based on the size of indoor area of the property and is ฿2,050 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 The Point Pratumnak the required payment for the sinking fund is ฿500 per square meter based on the size of the indoor area of the property.
Pratumnak Beach is the nearest Beach from The Point Pratumnak and it is 1.5 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 The Point Pratumnak 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

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FazWaz Estimate : ฿5,550,000
Price Rating : Great Price
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Reviews

4.3 out of 5
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Peaceful project and near South Pattaya Beach
Bethanie Lee, South Korea, 4 years ago
The project is situated in a peaceful and quiet area in front of a tennis court. There is no tall building around, so it won't block the view from the tennis court. This condo is very new and located in a good location, convenient to go to Bali Hai Pier, South Pattaya Beach in 5 minutes. Inside the project, a complete common area includes a garden, gym, and swimming pool on floor 9 gives a magnificent view. On the 15th floor, there is a rooftop with a lounge bar. The project has many rooms, from a studio to 6 bedrooms. My 1-bedroom unit is 46 square meters, which is suitable for one or two residents. There is a small kitchen corner for a quick meal. There is a separate living room with built-in furniture; the materials meet the standard. The room prices are affordable compared to what you should get. It is suitable for long-term investment because many tourists are looking for daily and monthly rental. I think it will give good long-term returns.
Pattaya
Nong Prue

Neighborhood Overview

Location and Neighborhood

Street View

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