2 Bedroom Condo for sale at Monterey Place

(1 Review)
Khlong Toei, Khlong Toei,Bangkok
Unit ID: U61457
5% Rental Yield
Tenant-Occupied until Aug 31, 2024
2 Bedrooms
2 Bathrooms
76 SqM Size
12 Floor
Dec 1994 Completed

About This Condo

This property is a 76 SqM condo with 2 bedrooms and 2 bathrooms that is available for sale. It is part of the Monterey Place project in Khlong Toei, Bangkok and was completed in Dec 1994. You can buy this condo for a base price of ฿7,200,000 (฿94,737/SqM) and it is also available for long term rentals starting from ฿29,000 per month.

Features

BalconyBalcony

Basic Information

Date Listed Jan 18, 2018
Updated 1 month ago
Property Type Condo
Floor 12
Bedrooms 2
Size 76 SqM
Price per SqM ฿94,737
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
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) Park 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.
N/A
Listed By
Private Owner
Electricity Price N/A
Water Price N/A
Unit ID U61457

Price Analysis

Great Price
Estimated market value ฿11,248,875
Great
฿12,200,000
Good
Fair
Above
฿12,400,000
Current asking Price: ฿7,200,000 | Advertised rental rate: ฿29,000/mo
This condo is ฿4,048,875 BELOW MARKET (-36%) in the Bangkok 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

Sale Price
฿7,200,000
Rent
฿29,000/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. To calculate this figure we use the advertised monthly rent rate (for a 1-year contract) and the current sales price.
5%

Project Details

Project Name: Monterey Place
Developer: N/A
Construction: Completed (Dec 1994)
Floors: 25
Buildings: N/A
Units: 196
Project Area: N/A
Location: Khlong Toei, Bangkok
Monterey Place 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 Monterey Place

For Sale 8 For Rent 13
Get notified when new homes are being added to Monterey Place
View All (8)

Loan Calculator

Frequently Asked Questions

No pets are allowed at Monterey Place unless specifically permitted by the juristic office. Exceptions can be made for service or guide dogs for persons with disabilities.
Queen Sirikit National Convention Centre MRT is the nearest MRT Station from Monterey Place and it is 0.2 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 Monterey Place 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

Do you own a property at Monterey Place?

Find out how much your property is worth and start your listing for free.

Reviews

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 condo in the heart of Sukhumvit with affordable price
Tina Scott, United States, 7 years ago
Although this condo was completed many years, it has been well-maintained and developed regularly. It is located in a deep alley but close to the Queen Sirikit National Convention Centre MRT, only 5 minutes walking. I love the spacious car parking spaces, garden, snooker room, sauna, library, which is not that large. The condo I live in is 1 spacious bedroom fully furnished. The project is located in the heart of the Sukhumvit area with a serene atmosphere. The cost is affordable, ideal for those who love the spacious area and convenient. I'm sure it perfectly meets your needs.
Bangkok
Khlong Toei

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby Monterey Place

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
Khlong Toei, Khlong Toei, Bangkok
Number of units
331
Sales Prices
฿5.99M - ฿46.2M
▼ -0.5% underpriced
Monthly Rentals
฿25K - ฿80K
Year Built
Dec 2019
Completion Status
Completed
Location
Khlong Toei, Khlong Toei, Bangkok
Number of units
76
Sales Prices
฿3.9M - ฿5M
▼ -31% underpriced
Monthly Rentals
฿18K - ฿30K
Year Built
Dec 2010
Completion Status
Completed
Location
Khlong Toei, Khlong Toei, Bangkok
Number of units
70
Sales Prices
฿5.6M - ฿6.2M
Monthly Rentals
฿20K - ฿45K
Year Built
Dec 2013
Completion Status
Completed
Location
Khlong Toei, Khlong Toei, Bangkok
Number of units
316
Sales Prices
฿2.8M - ฿7.98M
▼ -10.2% underpriced
Monthly Rentals
฿11K - ฿26K
Year Built
Feb 2018
Completion Status
Completed
Location
Khlong Toei, Khlong Toei, Bangkok
Number of units
193
Sales Prices
฿2.1M - ฿3.6M
▼ -36% underpriced
Monthly Rentals
฿13K - ฿18K
Year Built
Oct 2012
Completion Status
Completed
Location
Khlong Toei, Khlong Toei, Bangkok
Number of units
269
Sales Prices
฿7.49M - ฿65M
▼ -3.2% underpriced
Monthly Rentals
฿25K - ฿150K
Year Built
Dec 2008
Completion Status
Completed
Project Name
La Maison 22
Location
Khlong Toei, Khlong Toei, Bangkok
Number of units
35
Sales Prices
฿27M - ฿27.5M
Monthly Rentals
฿25K - ฿48K
Year Built
Jan 1994
Completion Status
Completed
Location
Khlong Toei, Khlong Toei, Bangkok
Number of units
24
Sales Prices
฿11M
▲ 15% overpriced
Monthly Rentals
฿80K
Year Built
Dec 2015
Completion Status
Completed
Location
Khlong Tan, Khlong Toei, Bangkok
Number of units
245
Sales Prices
฿7.8M
Monthly Rentals
฿43.5K - ฿139K
Year Built
Dec 2017
Completion Status
Completed
Location
Khlong Toei, Khlong Toei, Bangkok
Number of units
140
Sales Prices
฿4.64M - ฿7.89M
▼ -0.3% underpriced
Monthly Rentals
฿20K - ฿45K
Year Built
Dec 2010
Completion Status
Completed
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