1 Bedroom Condo for sale at Modus Beachfront

(3 Reviews)
Na Kluea, Pattaya, Chon Buri
Unit ID: U41519
6% Rental Yield
1 Bedroom
1 Bathroom
54 SqM Size
4 Floor
Oct 2013 Completed

About This Condo

This property is a 54 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the Modus Beachfront project in Na Kluea, Pattaya and was completed in Oct 2013. You can buy this condo for a base price of ฿6,670,000 (฿123,519/SqM) and it is also available for long term rentals starting from ฿36,000 per month.

Basic Information

Date Listed Nov 28, 2017
Updated 3 years ago
Property Type Condo
Floor 4
Bedroom 1
Size 54 SqM
Price per SqM ฿123,519
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) Sea 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.
฿1,800/mo
Listed By
Each listing provided by partnered agents is individually verified by FazWaz. Partner Agents work for different brokerages or property management companies but have teamed up with FazWaz so that we can provide you a wider choice of properties
Agent / Partner
Electricity Price N/A
Water Price N/A
Unit ID U41519

Price Analysis

Above Average
Estimated market value ฿5,235,683
Great
฿4,940,000
Good
Fair
Above
฿5,680,000
Current asking Price: ฿6,670,000 | Advertised rental rate: ฿36,000/mo
This condo is ฿1,434,317 ABOVE MARKET (27%) 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.
฿1,800/mo
Rent
฿36,000/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: Modus Beachfront
Construction: Completed (Oct 2013)
Floors: 7
Buildings: 1
Units: 156
Project Area: 8,800 SqM
Nearest Landmark Wong Amat Beach - 0.6 Km
Location: Na Kluea, Pattaya
Modus Beachfront Project Details

Project Features

Hotel Managed Hotel Managed
On Site Restaurant On Site Restaurant
Communal Pool Communal Pool
Bar Bar
Clubhouse Clubhouse
CCTV (Video Surveillance) CCTV (Video Surveillance)
Spa Spa
Reception / Lobby Area Reception / Lobby Area
Party Hall / Group Entertainment Party Hall / Group Entertainment
Indoor Games Room Indoor Games Room
Lounge Lounge
Back Up Generators Back Up Generators

Popular Facilities at Modus Beachfront

  • On Site Restaurant
    Ground Floor
  • Communal Pool
    Ground Floor
  • Indoor Games Room
    Ground Floor
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Frequently Asked Questions

No pets are allowed at Modus Beachfront 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 for properties at Modus Beachfront is a fixed amount of ฿1,800. This amount 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.
Wong Amat Beach is the nearest Beach from Modus Beachfront and it is 0.6 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 Modus Beachfront 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

4.5 out of 5
Based on
3 Reviews
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Really worth it!
Anna Nguyen, United States, 5 years ago
The room is clean and pleasant to the senses. The bed is very soft and comfortable. I enjoy the balcony area, which is perfect for chilling. Also, drinking a cold beer while enjoying the breathtaking view of Wong Amat Beach is such a fantastic time. The hotel decoration is a contemporary industrial style that is unique in that it emphasizes the use of wood and cement. The restaurant is one-of-a-kind and serves delicious food with fresh ingredients. I would like to suggest that it will be very convenient to use a private car or take a taxi because the project location is in the alley. I can assure you that staying here will be the best decision you’ve ever made.
I am very satisfied with this place
Carmen Turrentine, United States, 5 years ago
My girlfriend and I were here for the last long holiday. Overall, I am very satisfied with this place. The room I stayed in was a studio room. The size is ok with modern design. There is a high ceiling to make the room more comfortable. The project has complete facilities, including a fitness center, a swimming pool, and a restaurant. The location is good, as it's right next to the beach, giving a wonderful seaside atmosphere. However, it's quite far from the main road, making it quite difficult to go anywhere.
I am very satisfied with this place
Miles Smith, United States, 5 years ago
My girlfriend and I were here for the last long holiday. Overall, I am very satisfied with this place. The room I stayed in was a studio room. The size is ok with modern design. There is a high ceiling to make the room more comfortable. The project has complete facilities, including a fitness center, a swimming pool, and a restaurant. The location is good, as it's right next to the beach, giving a wonderful seaside atmosphere. However, it's quite far from the main road, making it quite difficult to go anywhere.
Pattaya
Na Kluea

Neighborhood Overview

Location and Neighborhood

Street View

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