1 Bedroom Condo for sale at The Iris Rama 9 - Srinakarin

(1 Review)
Suan Luang, Suan Luang,Bangkok
Unit ID: U1884388
7% Rental Yield
1 Bedroom
1 Bathroom
46 SqM Size
2 Floor
Dec 2008 Completed

About This Condo

This property is a 46 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the The Iris Rama 9 - Srinakarin project in Suan Luang, Bangkok and was completed in Dec 2008. You can buy this condo for a base price of ฿2,150,000 (฿46,739/SqM).

1 Bedroom 1 Bathroom Condo for Sale

Features

BalconyBalcony Fully RenovatedFully Renovated (2024)

Basic Information

Date Listed Jul 1, 2024
Updated 2 weeks ago
Property Type Condo
Floor 2
Bedroom 1
Size 46 SqM
Price per SqM ฿46,739
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, 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) 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.
฿2,070/mo
Listed By
Private Owner
Electricity Price N/A
Water Price N/A
Unit ID U1884388

Investment Opportunity: Charges & Yield

Sale Price
฿2,150,000
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.
฿2,070/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.
15
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 The Iris Rama 9 - Srinakarin, and the current sales price.
7%

Project Details

Developer: Iris Group
Construction: Completed (Dec 2008)
Floors: 8
Buildings: N/A
Units: 1152
Project Area: 19,200 SqM
Nearest Landmark Hua Mak ARL - 0.6 Km
Location: Suan Luang, Bangkok
The Iris Rama 9 - Srinakarin 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

Available Units at The Iris Rama 9 - Srinakarin

For Sale 9 For Rent 3
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Frequently Asked Questions

No pets are allowed at The Iris Rama 9 - Srinakarin 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 ฿45 per square meter based on the size of indoor area of the property and is ฿2,070 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 The Iris Rama 9 - Srinakarin the required payment for the sinking fund is ฿300 per square meter based on the size of the indoor area of the property.
Hua Mak ARL is the nearest Airport Rail Link Station from The Iris Rama 9 - Srinakarin and it is 0.6 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 The Iris Rama 9 - Srinakarin you have to follow these steps:

  • - Agreement of terms and conditions
  • - Reservation Agreement
  • - Reservation Deposit
  • - Sales and Purchase Agreement
  • - Settlement & Transfer

 


Installment Milestone Payment
Reservation Deposit
Immediately
฿5,000
1st Installment
Upon contract signing
฿20,000
2nd Installment
On handover
100%

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

3.5 out of 5
Based on
1 Review
Обслуживание
Персонал / Охрана
Удобства и услуги
Качество отделки
Соотношение цены и качества
Расположение
+ Write a review
A 1-year review
Louis Phimsiri, Thailand, Former Resident, 8 months ago
Iris Condominium is an older project, hence their rooms are of a larger size. The rooms are very spacious and allow for great comfort. The rooms are a bit old and worn down, but acceptable. Facilities such as the gym and the swimming pool are also worn down but can still be used. There is a hairdresser and a small minimarket within the project. In general, the project and its units are livable and often priced at a very competitive price.
Bangkok
Suan Luang

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby The Iris Rama 9 - Srinakarin

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
Project Name
The Iris
Location
Suan Luang, Suan Luang, Bangkok
Number of units
1152
Sales Prices
฿2.49M - ฿2.61M
▼ -14% underpriced
Monthly Rentals
฿9.03K - ฿16K
Year Built
Jan 2009
Completion Status
Completed
Location
Suan Luang, Suan Luang, Bangkok
Number of units
296
Sales Prices
฿1.25M - ฿1.55M
▼ -33% underpriced
Monthly Rentals
฿7.02K - ฿7.52K
Year Built
Dec 2011
Completion Status
Completed
Location
Hua Mak, Suan Luang, Bangkok
Number of units
N/A
Sales Prices
฿7.02M
Monthly Rentals
฿25.1K
Year Built
Jan 2008
Completion Status
Completed
Location
Suan Luang, Suan Luang, Bangkok
Number of units
558
Sales Prices
฿3.95M - ฿6.13M
Monthly Rentals
฿12K - ฿26.1K
Year Built
Dec 2021
Completion Status
Completed
Location
Suan Luang, Suan Luang, Bangkok
Number of units
1084
Sales Prices
฿2.76M - ฿4.21M
▲ 15% overpriced
Monthly Rentals
฿9.03K - ฿23.1K
Year Built
May 2018
Completion Status
Completed
Location
Suan Luang, Suan Luang, Bangkok
Number of units
1613
Sales Prices
฿2.41M - ฿2.76M
▲ 31% overpriced
Monthly Rentals
฿7.52K - ฿15K
Year Built
Dec 2014
Completion Status
Completed
Project Name
Meloft Rama 9
Location
Suan Luang, Suan Luang, Bangkok
Number of units
6
Sales Prices
฿19.1M - ฿20M
▼ -50.5% underpriced
Monthly Rentals
N/A
Year Built
Jan 2019
Completion Status
Completed
Location
Suan Luang, Suan Luang, Bangkok
Number of units
159
Sales Prices
฿1.86M - ฿3.61M
Monthly Rentals
N/A
Year Built
Dec 2016
Completion Status
Completed
Location
Hua Mak, Suan Luang, Bangkok
Number of units
256
Sales Prices
฿1.55M - ฿1.91M
Monthly Rentals
N/A
Year Built
Nov 2017
Completion Status
Completed
Location
Suan Luang, Suan Luang, Bangkok
Number of units
640
Sales Prices
฿3.51M - ฿8.83M
▼ -14% underpriced
Monthly Rentals
฿24.1K - ฿45.1K
Year Built
Dec 1992
Completion Status
Completed
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