Neo Condo

4 (1 Review)

Nong Prue, Pattaya, Chon Buri

Unit ID: U483600
8% Rental Yield
฿2,350,000 Great Price
Bedroom
1 Bedroom
Bathroom
1 Bathroom
Indoor Area
41 SqM Size
Floors
5 Floor
Construction
May 2011 Completed

1 Bedroom Condo for sale at Neo Condo

This property is a 41 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the Neo Condo project in Nong Prue, Pattaya and was completed in May 2011. You can buy this condo for a base price of ฿2,350,000 (฿57,317/SqM) and it is also available for long term rentals starting from ฿16,000 per month.

One-Bedroom Apartment + Living Room

New 8-story NEOcondo @ PATTAYA Condominium 50 meters from the sea and Dongtan Beach 7 - 10 minutes by shuttle bus to the center of Pattaya and Volkin Street near the hotel Jomtien Palm Beach The condominium has a separate access to the sea and Jomtien beach. In the complex and infrastructure: 2 pools + 2 children's pools Restaurants Cafe Massage Salons The shops Free parking Beauty saloon SPA center Speed ​​boat rental Motorbike rental Car rent Bicycle rent 24 hours security Wifi internet Apartment 509 (41 sq.m.) Accommodation is possible 2 people No definite view from the balcony Floor 5 AUTHOR DESIGN 1 toilet / bathroom 2 air conditioners 2 TVs (plasma panel) in the bedroom of SMART TV Electronic safe Cable TV 1 Separate bedroom with a large bed (soft mattress) Hall - living room with sofa Balcony Fully equipped kitchen Ironing board Iron Hair dryer Wardrobe Shower towels Beach towels Linens Clothes dryer Included in cost: Minibar with soft drinks upon arrival Thai wine upon arrival Thai beer upon arrival Coffee, tea upon arrival Juice in assortment upon arrival Cookies, rolls in assortment upon arrival Toiletries upon check-in Cable TV, Internet (individual modem) Separately paid: Electricity - 5 Baht per 1 unit Water - 650 THB per month Cleaning and laundry after departure - 1,500 THB

Features

BeachfrontBeachfront Beach AccessBeach Access Pool AccessPool Access Garden AccessGarden Access TerraceTerrace Covered ParkingCovered Parking BalconyBalcony Wifi IncludedWifi Included Outdoor ShowersOutdoor Showers Full Western KitchenFull Western Kitchen MicrowaveMicrowave TVTV Cable TVCable TV Gardening IncludedGardening Included Pool Cleaning IncludedPool Cleaning Included

Basic Information

Property Type Condo
Floor 5
Bedroom 1
Size 41 SqM
Price per SqM ฿57,317
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
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, Partial Sea View
Unit Type N/A
Building Building 2
CAM Fee
These common area maintenance (CAM) fees are paid by owners for the upkeep of the common areas of condominiums and housing projects. For new residential developments, it is common to pay up to 1-3 years’ management fees in advance upon the transfer of the unit’s ownership.
฿1,230/mo
Listed By
Private Owner
Date Listed Apr 28, 2020
Last Updated 1 week ago
Unit ID U483600

Price Analysis

Great Price
Estimated market value ฿3,650,000
Great
฿2,330,000
Good
Fair
Above
฿5,230,000
Current asking Price: ฿2,350,000 | Advertised rental rate: ฿16,000/mo
This condo is ฿1,300,000 BELOW MARKET (-36%) 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

Sale Price
฿2,350,000
CAM Fee

These common area maintenance (CAM) fees are paid by owners for the upkeep of the common areas of condominiums and housing projects. For new residential developments, it is common to pay up to 1-3 years’ management fees in advance upon the transfer of the unit’s ownership.

฿1,230/mo
Rent
฿16,000/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: Neo Condo
Developer: Neo Condo Pattaya
Construction: Completed (May 2011)
Floors: 8
Buildings: 2
Units: 126
Project Area: 4,796 SqM
Nearest Landmark Dong Tarn Beach -0.1 Km
Location: Nong Prue, Pattaya, Chon Buri
Neo Condo Project Details

Project Features

On Site Restaurant On Site Restaurant Communal Pool Communal Pool Communal Gym Communal Gym 24H Security 24H Security CCTV (Video Surveillance) CCTV (Video Surveillance) Car Parking Car Parking Communal Garden Area Communal Garden Area Key card access Key card access

Popular Facilities at Neo Condo

  • Communal Pool
    Ground Floor

Available Units at Neo Condo

For Sale 12 For Rent 11
Available Units at Neo Condo
฿35,062
Good Price
1 Beds
1 Baths
6 Floor
57 SqM Size
Fully Furnished
More Details
Available Units at Neo Condo
฿53,846
1 Beds
1 Baths
5 Floor
52 SqM Size
Fully Furnished Pool View
More Details
Available Units at Neo Condo
฿53,000
1 Beds
1 Baths
5 Floor
50 SqM Size
Fully Furnished Partial Sea View
More Details
Available Units at Neo Condo
฿57,317
Great Price
1 Beds
1 Baths
5 Floor
41 SqM Size
Fully Furnished Partial Sea View
More Details
Available Units at Neo Condo
฿53,846
1 Beds
1 Baths
5 Floor
52 SqM Size
Fully Furnished Partial Sea View
More Details
Available Units at Neo Condo
฿61,765
Studio Beds
1 Baths
5 Floor
34 SqM Size
Fully Furnished Pool View
More Details
Available Units at Neo Condo
฿63,235
Studio Beds
1 Baths
5 Floor
34 SqM Size
Fully Furnished Partial Sea View
More Details
Available Units at Neo Condo
฿62,069
1 Beds
1 Baths
5 Floor
58 SqM Size
Fully Furnished Partial Sea View
More Details
Available Units at Neo Condo
฿81,667
1 Beds
1 Baths
5 Floor
30 SqM Size
Fully Furnished Sea View
More Details
Available Units at Neo Condo
฿61,667
3 Beds
3 Baths
6 Floor
90 SqM Size
Fully Furnished Partial Sea View
More Details
Available Units at Neo Condo
฿100,962
2 Beds
2 Baths
8 Floor
52 SqM Size
Fully Furnished Sea View
More Details
Available Units at Neo Condo
฿56,000
Good Price
1 Beds
1 Baths
4 Floor
50 SqM Size
Fully Furnished Pool View
More Details
Available Units at Neo Condo
1 Beds
1 Baths
3 Floor
52 SqM Size
Fully Furnished City View
More Details
Available Units at Neo Condo
1 Beds
1 Baths
4 Floor
52 SqM Size
Fully Furnished City View
More Details
Get notified when new homes are being added to Neo Condo

Loan Calculator

Frequently asked questions

No pets are allowed at Neo Condo 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 ฿1,230 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.
Dong Tarn Beach is the nearest Beach from Neo Condo and it is 0.1 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 Neo Condo 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

Previous Sales (Secondary Market) at Neo Condo

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 out of 5 4
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Nice condo near the beach and surrounded by delicious restaurants
4 Carlyn Ketterer, Australia, 2 years ago
Very nice place. Just a few minutes from the sea and the beach, it can be reached in every way. It's near many amenities such as massage shops, restaurants, convenience stores on the opposite side of the project. The condo provides everything I need, such as a nice clean swimming pool, the fitness is also standard, and the security system is good as well. The room that I rented (Studio) is a well-decorated, beautiful, comfortable, spacious room suitable for living alone. If anyone who wants to relax here with the family should choose a larger size than mine. I am satisfied with staying at Neo Condo. It is a great condo in the ​​Jomtien Beach area, Pattaya. I have good memories of staying at the Neo Condo. Next time, I will come back to take the services at Neo Condo again.

Pattaya

Nong Prue

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