1 Bedroom Condo for sale at Phuket Palace

(6 Reviews)

Patong, Kathu,Phuket

Unit ID: U217869

12% Rental Yield

฿4,110,000 Great Price

1 Bedroom

1 Bathroom

63 SqM Size

4 Floor

Nov 1992 Completed

(6 Reviews)

Great Price

Sale Price

฿4,110,000

About This Condo

This property is a 63 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the Phuket Palace project in Patong, Phuket and was completed in Nov 1992. You can buy this condo for a base price of ฿4,110,000 (฿65,300/SqM) and it is also available for long term rentals starting from ฿40,100 per month.

Large Duluxe on Patong Beach

This deluxe condo provides a spacious area to relax after exploring Phuket or daily activities. The room is equipped with a large fridge freezer, microwave, kettle, toaster,rice cooker and electric hob but No full kitchen - The air con is new and very efficient! We have installed a brand new King size bed and mattress. All bedding is provided accompanied with bath towels. There is Firbe Optic 100 Mbps WIFI installed! 2 55" Samsung smart TVs with Apps such as NETFLIX, YouTube, Web browser etc Also provided diving gear, flippers and snorkling masks. His and Hers sizes.

Features

Private Gym

Private Lift

Private Pool

Pool Access

Rooftop Terrace

Private Garden

Garden Access

Terrace

Covered Parking

Corner Unit

Duplex

Balcony

Wifi Included

Outdoor Showers

Full Western Kitchen

Fully Renovated (2021)

Renovated Bathroom (2021)

Washing Machine

Microwave

Cable TV

Truevision

Gardening Included

Pool Cleaning Included

Basic Information

Property Type Condo

Floor 4

Bedroom 1

Size 63 SqM

Price per SqM ฿65,300

Condo Ownership

Company

Furniture

Fully Furnished

View(s) Sea View, Mountain View, City View, Pool View, Garden View

Unit Type N/A

Building Phuket Palace

CAM Fee

฿2,660/mo

Listed By

Private Owner

Date Listed Oct 13, 2019

Updated 1 week ago

Unit ID U217869

Price Analysis

Great Price

Estimated market value ฿5,870,000

Great

Good

Fair

Above

Current asking Price: ฿4,110,000 | Advertised rental rate: ฿40,100/mo

This condo is ฿1,760,000 BELOW MARKET (-30%) in the Phuket 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.

Investment Opportunity: Charges & Yield

Sale Price

฿4,110,000

CAM Fee

฿2,660/mo

Rent

฿40,100/mo

Price-to-Rent Ratio

Rental Yield

12%

Project Details

Project Name: Phuket Palace

Developer: Phuket Palace

Construction: Completed (Nov 1992)

Floors: 15

Buildings: 1

Units: 168

Project Area: 6,680 SqM

Nearest Landmark Patong Beach - 2.4 Km

Location: Kathu, Phuket

Phuket Palace Project Details

Project Features

Hotel Managed

On Site Restaurant

Communal Pool

Communal Gym

Bar

24H Security

Car Parking

Reception / Lobby Area

Cigar Lounge

Communal Garden Area

Key card access

Popular Facilities at Phuket Palace

Communal Garden Area

Ground Floor
Communal Pool

Ground Floor
Communal Gym

Ground Floor

Available Units at Phuket Palace

For Sale 12 For Rent 10

All
Studio
1 Bed
2 Beds
All
Studio
1 Bed
2 Beds

Company Fully Furnished Park View

Foreign Quota Fully Furnished Mountain View

Company Fully Furnished Sea View

Thai Quota Fully Furnished Mountain View

Company Fully Furnished Sea View

Company Fully Furnished Sea View

Company Fully Furnished Mountain View

Company Fully Furnished Mountain View

Foreign Quota Fully Furnished City View

Fully Furnished Sea View

Foreign Quota Fully Furnished City View

1 Beds

1 Baths

50 SqM Size

12 Floor

Fully Furnished City View

Studio Beds

1 Baths

50 SqM Size

6 Floor

Fully Furnished City View

1 Beds

1 Baths

50 SqM Size

8 Floor

Fully Furnished Mountain View

Studio Beds

1 Baths

50 SqM Size

12 Floor

Thai Quota Fully Furnished Mountain View

1 Beds

1 Baths

50 SqM Size

10 Floor

Fully Furnished City View

2 Beds

2 Baths

65 SqM Size

11 Floor

Fully Furnished Sea View

2 Beds

2 Baths

120 SqM Size

12 Floor

Fully Furnished Sea View

Studio Beds

1 Baths

50 SqM Size

11 Floor

Fully Furnished City View

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Frequently Asked Questions

No pets are allowed at Phuket Palace 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 ฿63 per square meter based on the size of indoor area of the property and is ฿2,660 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.

Patong Beach is the nearest Beach from Phuket Palace 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.

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Reviews

3.9 out of 5

Based on

6 Reviews

Maintenance

Staff / Security

Facilities on Site

Quality of Finishing

Value for Money

Location

+ Write a review

Convenient location near Patong Beach

Kimberly Caughey, United Kingdom, 3 years ago

I've stayed here for a month and rented a studio room. The room is provided with many facilities. There is a large outdoor area in the center of the condo with various sunbeds on the ground floor, where I can do sunbathing. It's super convenient. Although the condo looks old, the lobby hall still looks good, and the rental price is acceptable. The location is considered potential, close to Patong Beach, and easily accessible. Moreover, it is close to many restaurants, bars, and entertainment venues. It is very convenient to go everywhere, and it is the best condo for those who want an acceptable priced condo.

I made the right choice of buying here

Brad P., Australia, 3 years ago

I made the right choice of buying here. My room is spacious with beautiful decoration, and it also comes with full furniture. In the project, there is a very large swimming pool. It’s located in the prime area, near Patong beach. There are restaurants, a department store, and pubs nearby. For those who want to buy for the investment, it is another interesting option.

Condo in the Patong area

Fabio Scally, Italy, 4 years ago

The building is a bit run down, but the room is spacious with a full furniture set. The room price is reasonable compared to other condos in the Patong area. There is a large swimming pool in the common area as well. The condo is located in Patong near restaurants and not far from Jungceylon Shopping Mall. It's also close to Bangla Road (Phuket's famous nightlife).

Old condo near Patong Beach

Felicia Puckett, France, 4 years ago

Many foreigners are living here, and there are many western restaurants around here. So I think this project provides a complete range of facilities than other areas in Phuket. The outdoor area has a large swimming pool, and gardens around the pond, while the rooms are well designed in proportion. It is not too small and has a spacious balcony. However, it is a relatively old condo. It is still strong and always gets maintenance. Moreover, it is about 2 kilometers away from Patong Beach !!

Condo in Patong area surrounded by convenience places

Ashli Lucio, Italy, 5 years ago

The condo here comprises a large swimming pool in the middle of the condo, surrounded by a beautiful view. Moreover, the condominium itself has an elegant design, looks unique. It also has a large garden where I often go to sit and relax in the afternoons. There is also an on-site parking lot, security system, and 24 hours CCTV. However, the condo is located in Patong's center and close to Karon Beach, which can travel by motorbike. There are also many restaurants around, and if you are bored, you can hang out at Bangla Road. Everything is recommended here.

Calm and cozy

Genevive Gachet, France, 5 years ago

I'm french, moving here with my dad when I was only 22 years old. I thought I was ready to live in Phuket. My father has many businesses in Patong, and I have visited Phuket many times. After graduating and I took a gap year to visit many places. And I am still very impressed with Phuket. I chose a condo here because it is quiet and private, like I am staying in a resort. Nearly 90% of the residents are foreigners. My room is on the 14th floor, which is high so that I can enjoy the sea view from my room. The place is beautifully decorated with a fully-furnished kitchen, dining table set, and a comfortable bed. The room is in the perfect size for a bachelor like me living alone. The condo's free Wi-Fi is fast, and the common area is complete with large swimming pools, a fitness center, plenty of parking. And I like the security guards very much; they are very friendly.

Phuket

Patong