3 Bedroom Condo for sale at The Residences Overlooking Layan

(1 Review)
Choeng Thale, Thalang,Phuket
Unit ID: U86080
10% Rental Yield
3 Bedrooms
2 Bathrooms
265 SqM Size
2 Floor
Dec 2016 Completed

About This Condo

This property is a 265 SqM condo with 3 bedrooms and 2 bathrooms that is available for sale. It is part of the The Residences Overlooking Layan project in Choeng Thale, Phuket and was completed in Dec 2016. You can buy this condo for a base price of ฿28,000,000 (฿105,660/SqM).

It's Paradise! Secure 'The Residences Overlooking Layan' Now!

Take a look at this amazing property 'The Residences Overlooking Layan' in Choeng Thale, Thailand, and you'll become mesmerized! Enjoy 265 SqM of pure bliss in this modern, three bedroom, two bathroom condo. It's a newly built project, completed just last year in December 2016 and is just waiting for you to buy it for a base price of ฿28,000,000 (that works out to about ฿105,660/SqM!).But that's not the best part. Inside this condo, you can revel in its open plan layout and luxurious feel from the moment you step inside. With plenty of modern features included like an LED lighting system, air conditioning, and floor-to-ceiling windows, you're sure to come alive in this pad. Looking out of one of the windows, you'll experience magnificent views of an azure blue sea and lush green landscape. Blissful!When you've finished admiring the beautiful views, you can head to one of two private balconies and breathe in the fresh air. Or, you can enjoy some time by the condo's shared infinity pool, or chill out in the steam room at the common area, or perhaps take a short drive to the beach and listen to the sound of the gentle waves lapping away.Don't let this great opportunity pass you by. Give us a call as soon as you can and let us help you secure this beautiful condo. What more could you want?

Features

Private PoolPrivate Pool TerraceTerrace

Basic Information

Date Listed Oct 4, 2018
Updated 5 months ago
Property Type Condo
Floor 2
Bedrooms 3
Size 265 SqM
Price per SqM ฿105,660
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%.

Leasehold
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) Sea View
Unit Type 3BR
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.
฿12,455/mo
Listed By
Developer
Electricity Price N/A
Water Price N/A
Unit ID U86080

Price Analysis

Great Price
Estimated market value ฿35,998,475
Great
฿27,800,000
Good
Fair
Above
฿44,000,000
Current asking Price: ฿28,000,000 | Rental estimate: ฿235,000/mo
This condo is ฿7,998,475 BELOW MARKET (-22%) 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.
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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.
฿12,455/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.
10
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 3 bedroom condos at The Residences Overlooking Layan, and the current sales price.
10%

Project Details

Construction: Completed (Dec 2016)
Floors: 3
Buildings: 1
Units: 18
Project Area: N/A
Nearest Landmark Layan Beach - 1.1 Km
Location: Choeng Thale, Phuket
The Residences Overlooking Layan Project Details

Project Features

24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Car Parking Car Parking
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Available Units at The Residences Overlooking Layan

For Sale 10 For Rent 8
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Frequently Asked Questions

No pets are allowed at The Residences Overlooking Layan 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 ฿47 per square meter based on the size of indoor area of the property and is ฿12,455 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.
Layan Beach is the nearest Beach from The Residences Overlooking Layan and it is 1.1 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 The Residences Overlooking Layan 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
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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

4.5 out of 5
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Villa with splendid view
Hannah H., Germany, 5 years ago
I made the right decision to choose this villa. The decorations here are quite luxurious. More importantly, the price is reasonable here compared with other projects nearby. Since the villa is large, it allows me to customize the villa as I wish, and so far, the house is exactly what I want! The highlight of this villa is its balcony, especially when it's sunset. The surrounding atmosphere is just exceptional. As there are small numbers of units, the villa is private. Most of the time, I like to spend time in the villas and chill by the pool. I want to cook for myself because I'm a vegan. For those who want to go out for food, it's not difficult. You can drive less than 10 mins to the laguna area. There are many restaurants, bars, and cafes. Also, this place is not far from the airport. You can drive within 20 minutes only. The project's security guard takes care of us 24 hours a day, so you don't have to worry about safety. It's good for both living and investment. As Phuket is still a touristy place, it might be easy to sell or rent it out.
Phuket
Choeng Thale

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby The Residences Overlooking Layan

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
Choeng Thale, Thalang, Phuket
Number of units
12
Sales Prices
฿19.9M - ฿35M
▲ 22% overpriced
Monthly Rentals
N/A
Year Built
N/A
Completion Status
Off Plan
Location
Choeng Thale, Thalang, Phuket
Number of units
18
Sales Prices
฿35M - ฿92M
Monthly Rentals
฿190K - ฿600K
Year Built
Dec 2010
Completion Status
Completed
Location
Choeng Thale, Thalang, Phuket
Number of units
4
Sales Prices
฿33.4M - ฿89.2M
Monthly Rentals
N/A
Year Built
Mar 2023
Completion Status
Completed
Location
Choeng Thale, Thalang, Phuket
Number of units
6
Sales Prices
฿34.6M - ฿89.7M
Monthly Rentals
N/A
Year Built
Mar 2023
Completion Status
Completed
Location
Choeng Thale, Thalang, Phuket
Number of units
40
Sales Prices
฿16.5M - ฿34.5M
Monthly Rentals
N/A
Year Built
N/A
Completion Status
Made To Order
Project Name
Cohiba Villas
Location
Choeng Thale, Thalang, Phuket
Number of units
7
Sales Prices
฿55M - ฿75M
Monthly Rentals
N/A
Year Built
N/A
Completion Status
Made To Order
Project Name
Walai Layan
Location
Choeng Thale, Thalang, Phuket
Number of units
9
Sales Prices
฿25.5M - ฿42.7M
Monthly Rentals
N/A
Year Built
Jun 2023
Completion Status
Completed
Project Name
ISOLA II
Location
Choeng Thale, Thalang, Phuket
Number of units
3
Sales Prices
฿43M - ฿46.2M
Monthly Rentals
N/A
Year Built
Oct 2024
Completion Status
Off Plan
Project Name
Ocean Breeze
Location
Choeng Thale, Thalang, Phuket
Number of units
50
Sales Prices
฿4.5M - ฿6.09M
▼ -38% underpriced
Monthly Rentals
฿55K - ฿90K
Year Built
Jan 2007
Completion Status
Completed
Project Name
Lotus Gardens
Location
Choeng Thale, Thalang, Phuket
Number of units
50
Sales Prices
฿19M - ฿29M
▼ -33% underpriced
Monthly Rentals
฿80K - ฿120K
Year Built
Jan 2005
Completion Status
Completed
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