2 Bedroom Condo for sale at Ruamchok Condo View 2

(1 Review)
Nong Prue, Pattaya, Chon Buri
Unit ID: U83163
7% Rental Yield
2 Bedrooms
2 Bathrooms
127 SqM Size
2 Floor
Nov 1995 Completed

About This Condo

This property is a 127 SqM condo with 2 bedrooms and 2 bathrooms that is available for sale. It is part of the Ruamchok Condo View 2 project in Nong Prue, Pattaya and was completed in Nov 1995. You can buy this condo for a base price of ฿3,999,000 (฿31,488/SqM).

Features

Wet BarWet Bar BalconyBalcony

Basic Information

Date Listed Aug 31, 2018
Updated 3 years ago
Property Type Condo
Floor 2
Bedrooms 2
Size 127 SqM
Price per SqM ฿31,488
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
Unfurnished
View(s) Sea View, Pool 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.
฿3,175/mo
Listed By
Private Owner
Electricity Price N/A
Water Price N/A
Unit ID U83163

Price Analysis

Great Price
Estimated market value ฿7,093,154
Great
฿6,460,000
Good
Fair
Above
฿7,550,000
Current asking Price: ฿3,999,000 | Rental estimate: ฿24,800/mo
This condo is ฿3,094,154 BELOW MARKET (-44%) 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.
฿3,175/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.
13
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 2 bedroom condos at Ruamchok Condo View 2, and the current sales price.
7%

Project Details

Project Name: Ruamchok Condo View 2
Developer: N/A
Construction: Completed (Nov 1995)
Floors: 8
Buildings: N/A
Units: 77
Project Area: N/A
Nearest Landmark Pratumnak Beach - 0.3 Km
Location: Nong Prue, Pattaya
Ruamchok Condo View 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
Reception / Lobby Area Reception / Lobby Area
Close
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Available Units at Ruamchok Condo View 2

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Frequently Asked Questions

No pets are allowed at Ruamchok Condo View 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 ฿25 per square meter based on the size of indoor area of the property and is ฿3,175 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.
Pratumnak Beach is the nearest Beach from Ruamchok Condo View 2 and it is 0.3 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 Ruamchok Condo View 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

4.5 out of 5
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
The spacious ready-to-move-in condo
Jason Scott, United Kingdom, 7 years ago
Although the condo has been built for a long time, the general condition is considered quite good. There is also a swimming pool and fitness facility. Most importantly, the room is huge. The interior is well decorated with furniture. The general atmosphere is quiet and non-crowded. The residents are pretty friendly, as well as the owner and all the tenants. The location is not far from Bali Hai Plaza and tourist attractions.
Pattaya
Nong Prue

Neighborhood Overview

Location and Neighborhood

Street View

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