1 Bedroom Condo for sale at Rende Sukhumvit 23

(1 Review)
Khlong Toei Nuea, Watthana,Bangkok
Unit ID: U68167
6% Rental Yield
1 Bedroom
1 Bathroom
45.29 SqM Size
4 Floor
Dec 2012 Completed

About This Condo

This property is a 45.29 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the Rende Sukhumvit 23 project in Khlong Toei Nuea, Bangkok and was completed in Dec 2012. You can buy this condo for a base price of ฿6,500,000 (฿143,520/SqM) and it is also available for long term rentals starting from ฿35,000 per month.

Basic Information

Date Listed Mar 15, 2018
Updated 3 years ago
Property Type Condo
Floor 4
Bedroom 1
Size 45.29 SqM
Price per SqM ฿143,520
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%.

Thai Quota
Furniture
Partly furnished means the property contains the basics i.e. beds, sofa, table and chairs, wardrobes but no electronic appliances, utensils and glassware in the kitchen.
Partly Furnished
View(s) N/A
Unit Type 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.
฿2,491/mo
Listed By
Private Owner
Electricity Price N/A
Water Price N/A
Unit ID U68167

Price Analysis

Above Average
Estimated market value ฿6,291,207
Great
฿6,020,000
Good
Fair
Above
฿6,580,000
Current asking Price: ฿6,500,000 | Advertised rental rate: ฿35,000/mo
This condo is ฿208,793 ABOVE MARKET (3%) 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.
฿2,491/mo
Rent
฿35,000/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.
6%

Project Details

Project Name: Rende Sukhumvit 23
Developer: Werth Supplies
Construction: Completed (Dec 2012)
Floors: 8
Buildings: 1
Units: 50
Project Area: 1,000 SqM
Nearest Landmark Sukhumvit MRT - 0.4 Km
Location: Khlong Toei Nuea, Bangkok
Rende Sukhumvit 23 Project Details

Project Features

Communal Pool Communal Pool
Communal Gym Communal Gym
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Car Parking Car Parking
Reception / Lobby Area Reception / Lobby Area

Popular Facilities at Rende Sukhumvit 23

  • Communal Pool
    2nd Floor
  • Communal Gym
    2nd Floor
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Frequently Asked Questions

No pets are allowed at Rende Sukhumvit 23 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 ฿55 per square meter based on the size of indoor area of the property and is ฿2,491 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 Rende Sukhumvit 23 the required payment for the sinking fund is ฿500 per square meter based on the size of the indoor area of the property.
Sukhumvit MRT is the nearest MRT Station from Rende Sukhumvit 23 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 Rende Sukhumvit 23 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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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

4.8 out of 5
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Beautiful condo in Sukhumvit area
Miemie Clarke, Australia, 4 years ago
My friend recommended this condo to me several years ago because the rental price is reasonable, and it's in a convenient location. Sukhumvit MRT is only 600 meters away. The room I've been renting is a one-bedroom unit with a large living area. It is fully furnished and decorated in a modern style. Residents have access to a variety of amenities. The pool is lovely, with a view of the city. There is a gym, a garden, parking lots, etc. The receptionist is exceptionally helpful. It is an excellent choice for anyone looking for a condo in the Sukhumvit area.
Bangkok
Khlong Toei Nuea

Neighborhood Overview

Location and Neighborhood

Street View

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