1 Bedroom Condo for sale at Hyde Park Residence 2

4.17 (1 Review)
Nong Prue, Pattaya, Chon Buri
Unit ID: U73660
7% Rental Yield
Sold Great Price
1 Bedroom
1 Bathroom
67 SqM Size
2 Floor
Jul 2010 Completed

About This Condo

This property is a 67 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the Hyde Park Residence 2 project in Nong Prue, Pattaya and was completed in Jul 2010. You can buy this condo for a base price of ฿3,160,000 (฿47,164/SqM) and it is also available for long term rentals starting from ฿18,000 per month.

Features

BalconyBalcony Wifi IncludedWifi Included

Basic Information

Property Type Condo
Floor 2
Bedroom 1
Size 67 SqM
Price per SqM ฿47,164
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) Blocked 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.
฿2,010/mo
Listed By
Private Owner
Date Listed May 4, 2018
Last Updated 2 years ago
Unit ID U73660

Price Analysis

Great Price
Estimated market value ฿4,192,856
Great
฿2,890,000
Good
Fair
Above
฿5,420,000
Current asking Price: ฿3,160,000 | Advertised rental rate: ฿18,000/mo
This condo is ฿1,032,856 BELOW MARKET (-25%) 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.
฿2,010/mo
Rent
฿18,000/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.
7%

Project Details

Project Name: Hyde Park Residence 2
Developer: Matrix
Construction: Completed (Jul 2010)
Floors: 8
Buildings: 1
Units: 109
Project Area: 2,080 SqM
Nearest Landmark South Pattaya Beach - 1.2 Km
Location: Pattaya, Chon Buri
Hyde Park Residence 2 Project Details

Project Features

On Site Restaurant On Site Restaurant
Communal Pool Communal Pool
Jacuzzi Jacuzzi
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 Hyde Park Residence 2

  • Communal Pool
    Rooftop
  • Reception / Lobby Area
    Ground Floor
  • Communal Gym
    Rooftop
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This condo was reserved by another buyer but check out these similar properties

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Get notified when new homes are being added to Hyde Park Residence 2

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Frequently Asked Questions

No pets are allowed at Hyde Park Residence 2 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 ฿30 per square meter based on the size of indoor area of the property and is ฿2,010 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 Hyde Park Residence 2 the required payment for the sinking fund is ฿500 per square meter based on the size of the indoor area of the property.
South Pattaya Beach is the nearest Beach from Hyde Park Residence 2 and it is 1.2 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 Hyde Park Residence 2 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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Reviews

4.2 out of 5 4.17
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Great location and a perfect place to enjoy Pattaya's most famous city of lights, sounds, and beaches
4.2 Farida V., Thailand, 3 years ago
Renting the Hyde Park Residences 2 this time is very worthwhile. The condo is decorated in a warm atmosphere and suitable for real relaxation. The room interior is simple and stylish decoration with full of amenities. The project common area is propitious, such as a large swimming pool with a Jacuzzi and a complete fitness room. It matches my vacation needs so much. The project is located in an area that I can easily get around, such as Jomtien Beach, Pattaya Beach, Food Mart, and nightlife spots like Pattaya. It is an ideal project for relaxation. If anyone is looking for a condo for vacation rentals, recommend here. All are in one place.
Pattaya
Nong Prue

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby Hyde Park Residence 2

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