1 Bedroom Condo for sale at Sunset Boulevard 1

(3 Reviews)
Nong Prue, Pattaya, Chon Buri
Unit ID: U179291
5% Rental Yield
1 Bedroom
1 Bathroom
72 SqM Size
4 Floor
May 2012 Completed

About This Condo

This property is a 72 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the Sunset Boulevard 1 project in Nong Prue, Pattaya and was completed in May 2012. You can buy this condo for a base price of ฿3,790,000 (฿52,639/SqM).

Features

BalconyBalcony

Basic Information

Date Listed Sep 23, 2019
Updated 3 years ago
Property Type Condo
Floor 4
Bedroom 1
Size 72 SqM
Price per SqM ฿52,639
Pets Not Allowed
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
Partly furnished means the property contains the basics i.e. beds, sofa, table and chairs, wardrobes but no electronic appliances, utensils and glassware in the kitchen.
Partly Furnished
View(s) Partial Sea View, Park View, Pool 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.
฿3,960/mo
Listed By
Each listing provided by partnered agents is individually verified by FazWaz. Partner Agents work for different brokerages or property management companies but have teamed up with FazWaz so that we can provide you a wider choice of properties
Agent / Partner
Electricity Price N/A
Water Price N/A
Unit ID U179291

Price Analysis

Great Price
Estimated market value ฿5,323,920
Great
฿5,320,000
Good
Fair
Above
฿6,060,000
Current asking Price: ฿3,790,000 | Rental estimate: ฿15,100/mo
This condo is ฿1,533,920 BELOW MARKET (-29%) 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

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.
฿3,960/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.
21
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 Sunset Boulevard 1, and the current sales price.
5%

Project Details

Project Name: Sunset Boulevard 1
Developer: Matrix
Construction: Completed (May 2012)
Floors: 8
Buildings: 1
Units: 126
Project Area: 1,300 SqM
Nearest Landmark Dong Tarn Beach - 1.7 Km
Location: Nong Prue, Pattaya
Sunset Boulevard 1 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
Reception / Lobby Area Reception / Lobby Area
Communal Garden Area Communal Garden Area

Popular Facilities at Sunset Boulevard 1

  • Reception / Lobby Area
    Ground Floor
  • Communal Pool
    Ground Floor
  • Communal Gym
    4th Floor
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Frequently Asked Questions

No pets are allowed at Sunset Boulevard 1 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 ฿55 per square meter based on the size of indoor area of the property and is ฿3,960 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 Sunset Boulevard 1 the required payment for the sinking fund is ฿500 per square meter based on the size of the indoor area of the property.
Dong Tarn Beach is the nearest Beach from Sunset Boulevard 1 and it is 1.7 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 Sunset Boulevard 1 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 out of 5
Based on
3 Reviews
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Great condo with lovely atmosphere
Jordan Will, Australia, 5 years ago
The atmosphere of this condo is perfect, making me feel so relaxed during my stay. The condo is located on Pratumnak Hill, where it's Pattaya's peaceful area, and it isn't far from Cozy Beach. From the window in my room, I can see such a stunning panoramic sea view, which I would say that I could sit and enjoy all day. My room is a studio unit. It's not too small so that it makes me feel comfortable. I always go to the gym. It's fully-equipped. Overall, I am very satisfied.
Quiet condo, but traveling is not very convenient.
Hemkin K., Norway, 5 years ago
I'm in the room downstairs. You can walk into the pool. The housekeeper here takes good care of it. The area is clean when moving into the room. There are 2 air conditioners and fully furnished, ready to move in. There is also a 24-hour security guard and a spacious car park. The disadvantage is that I think traveling is not very convenient and far from shopping centers. If you take a taxi, this will be very expensive. If you have a private car, it will be more convenient. At first, I often get lost, but now I get used to it. I think Pattaya is surrounded by all the important places and has many beautiful beaches. Travel is not difficult, and there is a market where food is not expensive !!
Great invest condo
Thanyanun L., Thailand, 7 years ago
We bought a 1 bedroom unit here; the living area is quite large. It comes with materials and decoration that seems durable and in high quality. Besides, the facilities are fully equipped, including a fitness center, swimming pool, and sauna. The staff is friendly. At first, I thought of buying it for a rental business because the project's location is full of shops and convenience stores that are easy to reach. You can also walk to Paradise Beach Pattaya and Asia Pattaya Golf Course within 8 minutes. As expected, When posting the rental details, there are customers interested in contacting me. People pay a lot of attention because the rental price is friendly. Calculating from my monthly payment by installment to the bank, the condo still makes good incomes for me. I consider it worth investing in renting out.
Pattaya
Nong Prue

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby Sunset Boulevard 1

Location
Number of units
Sales Prices
Monthly Rentals
Year Built
Completion Status
Project Name
Location
Number of units
Sales Prices
Monthly Rentals
Year Built
Completion Status
Location
Nong Prue, Pattaya, Chon Buri
Number of units
87
Sales Prices
฿2M
▼ -6% underpriced
Monthly Rentals
N/A
Year Built
May 2013
Completion Status
Completed
Location
Nong Prue, Pattaya, Chon Buri
Number of units
45
Sales Prices
฿1.74M - ฿2.69M
▼ -18% underpriced
Monthly Rentals
฿16K
Year Built
May 2016
Completion Status
Completed
Location
Nong Prue, Pattaya, Chon Buri
Number of units
77
Sales Prices
฿23M - ฿58M
▼ -13% underpriced
Monthly Rentals
N/A
Year Built
May 2005
Completion Status
Completed
Project Name
Nordic Residence
Location
Nong Prue, Pattaya, Chon Buri
Number of units
51
Sales Prices
฿7.95M
▼ -48% underpriced
Monthly Rentals
N/A
Year Built
Dec 2007
Completion Status
Completed
Location
Nong Prue, Pattaya, Chon Buri
Number of units
200
Sales Prices
฿1.59M
Monthly Rentals
N/A
Year Built
Jul 2014
Completion Status
Completed
Location
Bang Lamung, Pattaya, Chon Buri
Number of units
79
Sales Prices
฿3.7M
Monthly Rentals
N/A
Year Built
Apr 2010
Completion Status
Completed
Project Name
The Elegance
Location
Nong Prue, Pattaya, Chon Buri
Number of units
79
Sales Prices
฿1.95M - ฿18.9M
▼ -32% underpriced
Monthly Rentals
฿25K
Year Built
Jul 2015
Completion Status
Completed
Project Name
The Peak Towers
Location
Nong Prue, Pattaya, Chon Buri
Number of units
474
Sales Prices
฿2.3M - ฿9.9M
▼ -13.8% underpriced
Monthly Rentals
฿11K - ฿50K
Year Built
Feb 2016
Completion Status
Completed
Project Name
Siam Garden 2
Location
Nong Prue, Pattaya, Chon Buri
Number of units
76
Sales Prices
฿2.47M - ฿12M
▲ 0.2% overpriced
Monthly Rentals
N/A
Year Built
Dec 2014
Completion Status
Completed
Location
Nong Prue, Pattaya, Chon Buri
Number of units
76
Sales Prices
฿1.8M
▼ -28% underpriced
Monthly Rentals
N/A
Year Built
Dec 2015
Completion Status
Completed
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