2 Bedroom Condo for sale at Andromeda Condominium

(2 Reviews)
Nong Prue, Pattaya, Chon Buri
Unit ID: U511338
5% Rental Yield
2 Bedrooms
2 Bathrooms
75 SqM Size
6 Floor
Dec 2019 Completed

About This Condo

This property is a 75 SqM condo with 2 bedrooms and 2 bathrooms that is available for sale. It is part of the Andromeda Condominium project in Nong Prue, Pattaya and was completed in Dec 2019. You can buy this condo for a base price of ฿9,100,000 (฿121,333/SqM).

Features

Corner UnitCorner Unit BalconyBalcony Full Western KitchenFull Western Kitchen

Basic Information

Date Listed Apr 30, 2020
Updated 3 years ago
Property Type Condo
Floor 6
Bedrooms 2
Size 75 SqM
Price per SqM ฿121,333
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%.

Thai Quota
Furniture
Unfurnished
View(s) Sea View, City 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.
฿4,125/mo
Listed By
Private Owner
Electricity Price Government Rate
Water Price Government Rate
Unit ID U511338

Price Analysis

Great Price
Estimated market value ฿10,441,058
Great
฿9,010,000
Good
Fair
Above
฿13,100,000
Current asking Price: ฿9,100,000 | Rental estimate: ฿41,100/mo
This condo is ฿1,341,058 BELOW MARKET (-13%) 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.
฿4,125/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.
18
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 Andromeda Condominium, and the current sales price.
5%

Project Details

Project Name: Andromeda Condominium
Construction: Completed (Dec 2019)
Floors: 36
Buildings: 1
Units: 216
Project Area: 2,734 SqM
Nearest Landmark Yin Yom Beach - 1.2 Km
Location: Nong Prue, Pattaya
Andromeda Condominium Project Details

Project Features

Communal Pool Communal Pool
Jacuzzi Jacuzzi
Communal Gym Communal Gym
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Indoor Kids Zone Indoor Kids Zone
Car Parking Car Parking
Steam Room Steam Room
Sauna Sauna
Reception / Lobby Area Reception / Lobby Area
Library / Reading Room Library / Reading Room
Communal Garden Area Communal Garden Area

Popular Facilities at Andromeda Condominium

  • Reception / Lobby Area
    1st Floor
  • Communal Pool
    25th Floor
  • Communal Gym
    24th Floor
  • Library / Reading Room
    25th Floor
  • Mini Theater
    25th Floor
  • Sauna
    25th Floor
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This condo was reserved by another buyer but check out these similar properties

Available Units at Andromeda Condominium

For Sale 13 For Rent 7
Available Units at Andromeda Condominium
฿9,959,000
฿167,322/SqM
Beds 2 Beds
Baths 2 Baths
Size 59.52 SqM Size
Floor 14 Floor
Foreign Quota Fully Furnished Sea View
Available Units at Andromeda Condominium
฿5,819,000
฿204,104/SqM
Beds Studio Beds
Baths 1 Baths
Size 28.51 SqM Size
Floor 35 Floor
Foreign Quota Fully Furnished Sea View
Available Units at Andromeda Condominium
฿11,883,000
฿164,881/SqM
Beds 2 Beds
Baths 2 Baths
Size 72.07 SqM Size
Floor 11 Floor
Foreign Quota Fully Furnished Sea View
Available Units at Andromeda Condominium
฿4,801,455
฿168,413/SqM
Beds Studio Beds
Baths 1 Baths
Size 28.51 SqM Size
Floor 7 Floor
Foreign Quota Fully Furnished Sea View
Available Units at Andromeda Condominium
฿4,635,000
฿140,455/SqM
Beds 1 Beds
Baths 1 Baths
Size 33 SqM Size
Floor 7 Floor
Thai Quota Fully Furnished Sea View
Available Units at Andromeda Condominium
฿5,887,064
฿177,857/SqM
Beds 1 Beds
Baths 1 Baths
Size 33.10 SqM Size
Floor 9 Floor
Foreign Quota Fully Furnished Sea View
Available Units at Andromeda Condominium
฿5,424,000
฿190,249/SqM
Great Price
Beds 1 Beds
Baths 1 Baths
Size 28.51 SqM Size
Floor 22 Floor
Thai Quota Fully Furnished Sea View
Available Units at Andromeda Condominium
฿12,350,000
฿171,361/SqM
Beds 2 Beds
Baths 2 Baths
Size 72.07 SqM Size
Floor 14 Floor
Foreign Quota Fully Furnished Sea View
Available Units at Andromeda Condominium
฿5,450,000
฿162,687/SqM
Beds 1 Beds
Baths 1 Baths
Size 33.50 SqM Size
Floor 10 Floor
Thai Quota Fully Furnished Sea View
Available Units at Andromeda Condominium
฿12,215,000
฿205,225/SqM
Beds 2 Beds
Baths 2 Baths
Size 59.52 SqM Size
Floor 33 Floor
Foreign Quota Fully Furnished Sea View
Available Units at Andromeda Condominium
฿6,000,000
฿181,269/SqM
Beds 1 Beds
Baths 1 Baths
Size 33.10 SqM Size
Floor 14 Floor
Foreign Quota Fully Furnished Sea View
Available Units at Andromeda Condominium
฿8,436,000
฿157,417/SqM
Beds 1 Beds
Baths 1 Baths
Size 53.59 SqM Size
Floor 8 Floor
Foreign Quota Fully Furnished Sea View
Available Units at Andromeda Condominium
฿5,367,000฿5,535,600
฿188,250/SqM
Great Price
Beds 1 Beds
Baths 1 Baths
Size 28.51 SqM Size
Floor 21 Floor
Thai Quota Fully Furnished Sea View
Get notified when new homes are being added to Andromeda Condominium
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Frequently Asked Questions

No pets are allowed at Andromeda Condominium 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 ฿4,125 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 Andromeda Condominium the required payment for the sinking fund is ฿600 per square meter based on the size of the indoor area of the property.
Yin Yom Beach is the nearest Beach from Andromeda Condominium and it is 1.2 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 Andromeda Condominium 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
฿100,000
1st Installment
Upon contract signing
20%
2nd Installment
On handover
80%

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

4.6 out of 5
Based on
2 Reviews
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Well positioned, panoramic views over The Gulf of Thailand
Marciano brewster, Netherlands, Visitor, 3 years ago
What a surprise! this building has very nice facilities, the units facing seaside have fantastic view. This condo offers all the leisure for residency. Its located in quite location near cozy beach. Perfect for retirement. This is one of the better buildings in Pattaya with easy road access
Tall building and sea view rooms
Meagan Taing, Singapore, 4 years ago
The location of the condo is the best location on Pratumnak Hill. It is the highest condo in this area, which gives a stunning sea view. The atmosphere is nice and quiet, close to Cozy Beach, within walking distance. Next to the condo, there is 7-11. The building is designed for a vacation stay and facing the sea to enjoy a sea view from every room. The project sells 1 and 2 bedroom units in a modern design. The room is spacious and open with an over 2-meter high ceiling. Warm colors and wooden furniture are used for decoration. The room space is functional, and the bathroom is very spacious, with a separation of the wet and dry zone. The project's common area is located on the 24-25th floor with a sea view including, a swimming pool, fitness room, sauna, and lounge, in which full-frame glass is installed, and that's what I love the most. As for convenient transportation, I recommend having a car as you have to go up and down the mountain, and easy to get around in Pattaya.
Pattaya
Nong Prue

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby Andromeda Condominium

Location
Number of units
Sales Prices
Monthly Rentals
Year Built
Completion Status
Project Name
Location
Number of units
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Completion Status
Location
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Number of units
123
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▼ -11% underpriced
Monthly Rentals
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Completed
Project Name
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Location
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Number of units
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฿2.25M - ฿18.2M
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฿25K - ฿35K
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Number of units
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Nong Prue, Pattaya, Chon Buri
Number of units
75
Sales Prices
฿6.41M - ฿22M
▼ -1.8% underpriced
Monthly Rentals
N/A
Year Built
May 2019
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
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Bang Lamung, Pattaya, Chon Buri
Number of units
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Monthly Rentals
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Year Built
May 2012
Completion Status
Completed
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