Marvest

4.17 (3 Reviews)

Hua Hin City, Hua Hin, Prachuap Khiri Khan

Unit ID: U974636
8% Rental Yield
฿2,650,000 Great Price
Bedroom
1 Bedroom
Bathroom
1 Bathroom
Indoor Area
31 SqM Size
Floors
4 Floor
Construction
Dec 2019 Completed

1 Bedroom Condo for sale at Marvest

This property is a 31 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the Marvest project in Hua Hin City, Hua Hin and was completed in Dec 2019. You can buy this condo for a base price of ฿2,650,000 (฿85,484/SqM) and it is also available for long term rentals starting from ฿18,000 per month.

Features

Beach AccessBeach Access BalconyBalcony BathtubBathtub Fully RenovatedFully Renovated MicrowaveMicrowave TVTV Cable TVCable TV

Basic Information

Property Type Condo
Floor 4
Bedroom 1
Size 31 SqM
Price per SqM ฿85,484
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) City View
Unit Type N/A
Building Building 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.
฿1,550/mo
Listed By
Private Owner
Date Listed Jun 8, 2021
Last Updated 6 days ago
Unit ID U974636

3D Walkthrough

Price Analysis

Great Price
Estimated market value ฿3,579,646
Great
฿2,990,000
Good
Fair
Above
฿3,220,000
Current asking Price: ฿2,650,000 | Advertised rental rate: ฿18,000/mo
This condo is ฿929,646 BELOW MARKET (-26%) in the Hua Hin 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

Sale Price
฿2,650,000
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.
฿1,550/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.
12
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.
8%

Project Details

Project Name: Marvest
Construction: Completed (Dec 2019)
Floors: 8
Buildings: 2
Units: 336
Project Area: 4,800 SqM
Nearest Landmark Hua Hin Beach - 0.5 Km
Location: Hua Hin City, Hua Hin, Prachuap Khiri Khan
Marvest Project Details

Project Features

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
Communal Garden Area Communal Garden Area

Popular Facilities at Marvest

  • Reception / Lobby Area
    Ground Floor
  • Communal Pool
    Ground Floor
  • Communal Gym
    Ground Floor

Available Units at Marvest

For Sale 3 For Rent 1
Get notified when new homes are being added to Marvest

Loan Calculator

Frequently asked questions

No pets are allowed at Marvest 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 ฿1,550 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 Marvest the required payment for the sinking fund is ฿500 per square meter based on the size of the indoor area of the property.
Hua Hin Beach is the nearest Beach from Marvest and it is 0.5 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 Marvest 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

4.2 out of 5 4.17
Based on
3 Reviews
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Condo in the heart of Hua Hin
3.9 Verified Visitor, 1 year ago
Condo in the heart of Hua Hin within walking distance to everywhere. Rooms that face the street might be a bit noisy
Located on the mainroad - petkasem
3.9 Marciano brewster, Netherlands, Visitor, 1 year ago
This project is located on the main road, the units are standard and have no decorations. Small sized and perfect for singles with a low budget. Major development does deliver good construction quality , so therefore its worth an investment. This project is in the heart of Hua hin city, conveniently surrounded by all the landmarks and venues
Condominium suit for vacation house, located in the city
4.7 Natcha J., Thailand, 1 year ago
I am looking for a second home or a vacation house that can act as my shelter from Bangkok's hustle. It shouldn't be far and safe for living alone, and I don't pay much attention to the view. I visited this condo, and it's recently built and affordable, without a sea view. The location is good; you can walk to the beach, yet it's still in the town where you can find food at the night market. This condo is new and not very high, with many facilities available such as a pool, a gym, a jacuzzi, a big garden. I live in a 1-bedroom unit, about 40 sq.m. It's beautiful and furnished. I love that they separated the kitchen area from the bedroom and the living room with the wall. Parking seems to be a problem here. It's not enough, but if you don't stay here on a long weekend, it's still possible to find one.

Hua Hin

Hua Hin City

Neighborhood Overview

Location and Neighborhood

Street View

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