1 Bedroom Condo for sale at Living Residence Phuket

(2 Reviews)
Wichit, Phuket Town,Phuket
Unit ID: U25041
7% Rental Yield
1 Bedroom
1 Bathroom
55 SqM Size
5 Floor
Dec 2013 Completed

About This Condo

This property is a 55 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the Living Residence Phuket project in Wichit, Phuket and was completed in Dec 2013. You can buy this condo for a base price of ฿3,575,000 (฿65,000/SqM).

Snag a Sophisticated Condo in Phuket for ฿3,575,000 - A True Bargain!

With a price tag of ฿3,575,000, the luxurious 55 SqM condo in the Living Residence Phuket project is an absolute masterpiece! Located in Wichit, Phuket, the property was completed in 2013 and offers one bedroom and one bathroom - making this lifesyle abode a perfect fit for singles or couples who are looking for that serene island living. Opportunity does not come much fuller than this, for if you purchase this condo for the base price of ฿3,575,000, that translates to ฿65,000 per SqM - a definite bargain, considering the resort-quality features and facilities that the condo has to offer.Imagine, with your own condominium in Wichit, Phuket, you will enjoy the convenience of a modern kitchen, as well as plenty of storage and space for relaxation. The interior design of the condo is as sophisticated as it can get, featuring all the modern amenities so you can now bask in the luxury of convenience and relaxation. For those who are always on the move, there are plenty of public transport options available to get the the nearby beaches and shopping malls.Save yourself time and hassle searching for a new home, as this condominium has all you need. With generous international standard building materials, efficient decoration, and a splendid internal structure, it is clear why the property is a unique investment that can be appreciated for generations to come. Act fast and secure your dream home today, before someone else beat you to it - this gem will not be available for too much longer!

Features

BalconyBalcony

Basic Information

Date Listed Mar 14, 2017
Updated 6 years ago
Property Type Condo
Floor 5
Bedroom 1
Size 55 SqM
Price per SqM ฿65,000
Pets Not Allowed
Condo Ownership

Foreign nationals can own condominium units as freehold owners in buildings where no 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 it is currently below 49%.

N/A
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, Unblocked Open View, Temple, Cultural Landmark View, Sky, Horizon 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.
฿2,750/mo
Listed By
Developer
Electricity Price N/A
Water Price N/A
Unit ID U25041

Investment Opportunity: Charges & Yield

Sale Price
฿3,575,000
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.
฿2,750/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 Living Residence Phuket, and the current sales price.
7%

Project Details

Project Name: Living Residence Phuket
Developer: N/A
Construction: Completed (Dec 2013)
Floors: 6
Buildings: N/A
Units: 19
Project Area: N/A
Nearest Landmark: Central Floresta - 2.4 Km
Location: Wichit, Phuket
Living Residence Phuket Project Details

Project Features

Hotel Managed Hotel Managed
Communal Pool Communal Pool
Communal Gym Communal Gym
24H Security 24H Security
Car Parking Car Parking
Reception / Lobby Area Reception / Lobby Area

Available Units at Living Residence Phuket

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Frequently Asked Questions

The common area maintenance fee is ฿50 per square meter based on the size of indoor area of the property and is ฿2,750 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 Living Residence Phuket the required payment for the sinking fund is ฿5 per square meter based on the size of the indoor area of the property.
Central Floresta is the nearest Shopping Mall from Living Residence Phuket and it is 2.4 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.

After you have found the right property at Living Residence Phuket you have to follow these steps:

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


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.

Reviews

3.7 out of 5
Based on
2 Reviews
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
Convenient transportation near Central Phuket
Mozelle Avina, France, 6 years ago
Located in a convenient area for shopping, close to Central Phuket. Many routes are easily accessible and very convenient for traveling. The project site is pleasant, with a beautiful swimming pool. The surrounding is a tranquil and excellent security system. The furniture in the room is standardized, not luxurious, focusing on simple style and usable. It's considered to match the residents' needs like me perfectly.
Nice property, near the park
Wasinon R., Thailand, 7 years ago
A good place to stay if you are a person who loves to exercise. The project is only a few hundred meters away from the park. Also, it is near the local community. There is a fresh market, restaurants, and shops, and Family Mart in front of the alley. The atmosphere is quiet. Easy to travel to Kathu or Phuket Town. My room is a 1-bed unit for monthly rental. It is a big room, but not in a new condition. Some of the furniture is a bit old. There is a parking lot and a lovely pool to relax in during your leisure time. The staff is friendly. Feel comfortable here! ^^
Phuket
Wichit

Neighborhood Overview

Location and Neighborhood

Street View

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