1 Bedroom Condo for sale at Siam Oriental Elegance 2

4.83 (1 Review)
Nong Prue, Pattaya, Chon Buri
Unit ID: U628806
5% Rental Yield
฿2,700,000 Great Price
1 Bedroom
1 Bathroom
50 SqM Size
5 Floor
Jun 2014 Completed

About This Condo

This property is a 50 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the Siam Oriental Elegance 2 project in Nong Prue, Pattaya and was completed in Jun 2014. You can buy this condo for a base price of ฿2,700,000 (฿54,000/SqM) and it is also available for long term rentals starting from ฿12,000 per month.

Features

Beach AccessBeach Access Media Room/CinemaMedia Room/Cinema Private LiftPrivate Lift Private PoolPrivate Pool Rooftop TerraceRooftop Terrace Covered ParkingCovered Parking BalconyBalcony Full Western KitchenFull Western Kitchen Washing MachineWashing Machine MicrowaveMicrowave TVTV Cable TVCable TV Pool Cleaning IncludedPool Cleaning Included

Basic Information

Property Type Condo
Floor 5
Bedroom 1
Size 50 SqM
Price per SqM ฿54,000
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) Partial Sea View, Garden 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.
฿1,950/mo
Listed By
Private Owner
Date Listed Jul 31, 2020
Last Updated 1 year ago
Unit ID U628806

Price Analysis

Great Price
Estimated market value ฿4,411,836
Great
฿4,080,000
Good
Fair
Above
฿4,730,000
Current asking Price: ฿2,700,000 | Advertised rental rate: ฿12,000/mo
This condo is ฿1,711,836 BELOW MARKET (-39%) 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
฿2,700,000
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.
฿1,950/mo
Rent
฿12,000/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.
19
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.
5%

Project Details

Project Name: Siam Oriental Elegance 2
Construction: Completed (Jun 2014)
Floors: 8
Buildings: N/A
Units: 79
Project Area: 1,600 SqM
Nearest Landmark Pratumnak Beach - 0.7 Km
Location: Pattaya, Chon Buri
Siam Oriental Elegance 2 Project Details

Project Features

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

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Frequently Asked Questions

No pets are allowed at Siam Oriental Elegance 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 ฿39 per square meter based on the size of indoor area of the property and is ฿1,950 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 Siam Oriental Elegance 2 the required payment for the sinking fund is ฿500 per square meter based on the size of the indoor area of the property.
Pratumnak Beach is the nearest Beach from Siam Oriental Elegance 2 and it is 0.7 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 Siam Oriental Elegance 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

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

4.8 out of 5 4.83
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
A quality project with beautiful design
4.8 Benny Porch, Norway, 5 years ago
My girlfriend and I have frequently visited Pattaya and stayed here several times. The project is also located not far from tourist attractions, including beaches, convenience stores, and restaurants, only a few minutes by car. It is a quiet condo with a pleasant atmosphere and is not overcrowded. In addition, the building is very modern. The room I rented is a 1-bedroom unit with plenty of space, fully furnished. The kitchen zone is impressive because it effectively allocates space despite its small size. It's very simple to use. The common area is great as the pool is clean and spacious. Besides, I'm not concerned about safety because the security guards are highly polite and diligent. I highly recommend this condo for those looking for a vacation condo. Try to stay here, and you will love it!
Pattaya
Nong Prue

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby Siam Oriental Elegance 2

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Year Built
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Location
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