1 Bedroom Condo for sale at Grand Avenue Residence

(1 Review)
Nong Prue, Pattaya, Chon Buri
Unit ID: U163923
7% Rental Yield
1 Bedroom
1 Bathroom
51.19 SqM Size
3 Floor
Jun 2018 Completed

About This Condo

This property is a 51.19 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the Grand Avenue Residence project in Nong Prue, Pattaya and was completed in Jun 2018. You can buy this condo for a base price of ฿4,760,670 (฿93,000/SqM).

Features

BalconyBalcony

Basic Information

Date Listed Jul 25, 2019
Updated 3 years ago
Property Type Condo
Floor 3
Bedroom 1
Size 51.19 SqM
Price per SqM ฿93,000
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
Unfurnished
View(s) Pool View
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.
฿2,560/mo
Listed By
Developer
Electricity Price Government Rate
Water Price Government Rate
Unit ID U163923

Price Analysis

Great Price
Estimated market value ฿5,549,667
Great
฿5,480,000
Good
Fair
Above
฿5,780,000
Current asking Price: ฿4,760,670 | Rental estimate: ฿27,100/mo
This condo is ฿788,997 BELOW MARKET (-14%) 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.
Powered by FazWaz AVM

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.
฿2,560/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 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 Grand Avenue Residence, and the current sales price.
7%

Project Details

Project Name: Grand Avenue Residence
Developer: Nova Group
Construction: Completed (Jun 2018)
Floors: 8
Buildings: 6
Units: 788
Project Area: 17,600 SqM
Nearest Landmark Central Pattaya Beach - 0.6 Km
Location: Nong Prue, Pattaya
Grand Avenue Residence Project Details

Project Features

Hotel Managed Hotel Managed
On Site Restaurant On Site Restaurant
Communal Pool Communal Pool
Jacuzzi Jacuzzi
Communal Gym Communal Gym
Bar Bar
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Indoor Kids Zone Indoor Kids Zone
Car Parking Car Parking
Spa Spa
Steam Room Steam Room
Sauna Sauna
Reception / Lobby Area Reception / Lobby Area
Yoga Area Yoga Area
Communal Garden Area Communal Garden Area
Key card access Key card access

Popular Facilities at Grand Avenue Residence

  • Communal Pool
    1st Floor
  • Communal Gym
    1st Floor
  • Sauna
    1st Floor
  • Steam Room
    1st Floor
Close
YOU MISSED THAT DEAL!
This condo was reserved by another buyer but check out these similar properties

Available Units at Grand Avenue Residence

For Sale 3 For Rent 8
Get notified when new homes are being added to Grand Avenue Residence
View All (3)

Loan Calculator

Payment Plan

Installment Milestone Payment
1st Installment
Deposit
฿100,000
2nd Installment
30 days after contract signing
100%

Frequently Asked Questions

No pets are allowed at Grand 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 ฿50 per square meter based on the size of indoor area of the property and is ฿2,560 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 Grand Avenue Residence the required payment for the sinking fund is ฿500 per square meter based on the size of the indoor area of the property.
Central Pattaya Beach is the nearest Beach from Grand Avenue Residence 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 Grand Avenue Residence you have to follow these steps:

  • - Agreement of terms and conditions
  • - Reservation Agreement
  • - Reservation Deposit
  • - Sales and Purchase Agreement
  • - Settlement & Transfer

 


Installment Milestone Payment
1st Installment
Deposit
฿100,000
2nd Installment
30 days after contract signing
100%

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

Do you own a property at Grand Avenue Residence?

Find out how much your property is worth and start your listing for free.

Reviews

4.7 out of 5
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
New Condominium
Claes Warthen, Belgium, 4 years ago
I have stayed here since the opening. The room is spacious in modern decoration. More importantly, the project is near shopping centers, restaurants; you can walk to Avenue Shopping Mall within 800 meters. If you like nightlife such as pubs and bars, there is also Walking Street, a famous place in Pattaya that is about 1 kilometer away. You can get there by motorcycle taxi, or walk if you are not lazy. I like the atmosphere of the sea and nature, so I wake up early to Pattaya Beach for sunbathing and swimming. If I remember correctly, I think the condo has a shuttle bus service that takes you from the property to Pattaya beach. Make it more convenient for me as I go there every day. On rainy days, I always use the facilities such as the swimming pool, fitness, sauna, yoga area, and my favorite spot is staying in a game room instead of going to the beach. The service here is alright, but not excellent. It might be because there are too many rooms which make it difficult to take care of all the residents, but that's not a problem for me. The room price is reasonable. If I have a chance to come back, I will stay here again for sure.
Pattaya
Nong Prue

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby Grand 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
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
Project Name
Avenue Residence
Location
Nong Prue, Pattaya, Chon Buri
Number of units
228
Sales Prices
฿2M - ฿2.4M
▼ -20% underpriced
Monthly Rentals
฿9K - ฿16K
Year Built
May 2010
Completion Status
Completed
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
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
603
Sales Prices
฿4.2M - ฿6.49M
▼ -3.3% underpriced
Monthly Rentals
฿24K - ฿38.5K
Year Built
Oct 2021
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
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
9
Sales Prices
฿36M
Monthly Rentals
N/A
Year Built
N/A
Completion Status
Completed
Location
Nong Prue, Pattaya, Chon Buri
Number of units
26
Sales Prices
฿17.5M - ฿25.6M
Monthly Rentals
N/A
Year Built
May 2025
Completion Status
Off Plan
Back to top
  • Fazwaz Group Sites www.fazwaz.cn www.fazwaz.ru www.fazwaz.fr www.fazwaz.de www.fazwaz.es www.fazwaz.jp www.fazwaz.co.kr