Studio Condo for sale at Avanta Condominium

 (Write Review)
Maenam, Koh Samui, Surat Thani
Unit ID: U154998
18% Rental Yield
Studio Bedroom
1 Bathroom
58 SqM Size
4 Floor
Dec 2009 Completed

About This Condo

This property is a 58 SqM studio condo with 1 bathroom that is available for sale. It is part of the Avanta Condominium project in Maenam, Koh Samui and was completed in Dec 2009. You can buy this condo for a base price of ฿1,950,000 (฿33,621/SqM) and it is also available for long term rentals starting from ฿30,000 per month.

Features

Full Western KitchenFull Western Kitchen

Basic Information

Date Listed Oct 9, 2019
Updated 3 years ago
Property Type Condo
Floor 4
Bedroom Studio
Size 58 SqM
Price per SqM ฿33,621
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
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) Mountain View, Park 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.
฿3,770/mo
Listed By
Private Owner
Electricity Price N/A
Water Price N/A
Unit ID U154998

Price Analysis

Great Price
Estimated market value ฿3,063,172
Great
฿2,090,000
Good
Fair
Above
฿3,430,000
Current asking Price: ฿1,950,000 | Advertised rental rate: ฿30,000/mo
This condo is ฿1,113,172 BELOW MARKET (-36%) in the Koh Samui 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.
฿3,770/mo
Rent
฿30,000/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.
5
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.
18%

Project Details

Project Name: Avanta Condominium
Developer: SunWaySamui
Construction: Completed (Dec 2009)
Floors: 4
Buildings: N/A
Units: 23
Project Area: N/A
Nearest Landmark Maenam Beach - 2.8 Km
Location: Maenam, Koh Samui
Avanta Condominium Project Details

Project Features

On Site Restaurant On Site Restaurant
Communal Pool Communal Pool
Jacuzzi Jacuzzi
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Car Parking Car Parking
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Frequently Asked Questions

No pets are allowed at Avanta Condominium 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 ฿65 per square meter based on the size of indoor area of the property and is ฿3,770 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.
Maenam Beach is the nearest Beach from Avanta Condominium and it is 2.8 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 Avanta Condominium 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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Koh Samui
Maenam

Neighborhood Overview

Location and Neighborhood

Street View

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