2 Bedroom Condo for sale at Ocean Stone

(2 Reviews)
Choeng Thale, Thalang,Phuket
Unit ID: U259747
8% Rental Yield
2 Bedrooms
2 Bathrooms
91 SqM Size
6 Floor
Aug 2017 Completed

About This Condo

This property is a 91 SqM condo with 2 bedrooms and 2 bathrooms that is available for sale. It is part of the Ocean Stone project in Choeng Thale, Phuket and was completed in Aug 2017. You can buy this condo for a base price of ฿12,500,000 (฿137,363/SqM).

Oceanstone, 2-br, 2 bthr, 6 fl, 90 sq m, perfect location

Perfect for a family, spacious, fantastic view over Laguna resort lake, 10 minutes walk to Bangtao beach, high end life infrastructure both in the Condo and around. All you may wish to have for perfect quality life in on the best resors in the world. Clean & luxury apartment at a fashionalble Bangtao Laguna area, washer, 3 TVs, 2 bathrooms.

Features

Rooftop TerraceRooftop Terrace TerraceTerrace Covered ParkingCovered Parking Corner UnitCorner Unit BalconyBalcony Full Western KitchenFull Western Kitchen

Basic Information

Date Listed Dec 11, 2019
Updated 9 months ago
Property Type Condo
Floor 6
Bedrooms 2
Size 91 SqM
Price per SqM ฿137,363
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) Lake View, Mountain View, Park View, Pool View, Garden View, Unblocked Open View
Unit Type N/A
Building Ocean Stone
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.
฿5,915/mo
Listed By
Private Owner
Electricity Price N/A
Water Price N/A
Unit ID U259747

Price Analysis

Above Average
Estimated market value ฿10,765,908
Great
฿7,410,000
Good
Fair
Above
฿15,700,000
Current asking Price: ฿12,500,000 | Rental estimate: ฿81,500/mo
This condo is ฿1,734,092 ABOVE MARKET (16%) 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.
฿5,915/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 Ocean Stone, and the current sales price.
8%

Project Details

Project Name: Ocean Stone
Developer: X2 Resorts
Construction: Completed (Aug 2017)
Floors: 7
Buildings: 2
Units: 84
Project Area: 2,880 SqM
Nearest Landmark Bang Tao Beach - 0.9 Km
Location: Choeng Thale, Phuket
Ocean Stone Project Details

Project Features

Hotel Managed Hotel Managed
Communal Pool Communal Pool
Communal Gym Communal Gym
Bar Bar
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Car Parking Car Parking
Reception / Lobby Area Reception / Lobby Area
Co-Working Space / Meeting Room Co-Working Space / Meeting Room
Lounge Lounge
Communal Garden Area Communal Garden Area
Shuttle Bus Shuttle Bus

Popular Facilities at Ocean Stone

  • Communal Pool
    Rooftop
  • Communal Gym
    Rooftop
  • Communal Pool
    Ground Floor
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Available Units at Ocean Stone

For Sale 2 For Rent 4
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Frequently Asked Questions

No pets are allowed at Ocean Stone 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 ฿65 per square meter based on the size of indoor area of the property and is ฿5,915 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 Ocean Stone the required payment for the sinking fund is ฿600 per square meter based on the size of the indoor area of the property.
Bang Tao Beach is the nearest Beach from Ocean Stone and it is 0.9 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 Ocean Stone you have to follow these steps:

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

 


Ocean Stone
Installment Milestone Payment
Reservation Deposit
Upon contract signing
฿100,000
1st Installment
14 days after contract signing
50%
Final Payment
On handover
50%

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

3.8 out of 5
Based on
2 Reviews
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Location, Location, Location !!!
Verified Visitor, 3 years ago
Spacious units in a low-density residence with some nice features as the common pool and fitness on the rooftop terrace. Nice quality finishing. Great location - within walking distance to Boat Avenue, Villa market, European and Thai restaurants, Central de Porto. Laguna compound with its golf, spa and fine dining outlets are just are just within 5 minutes driving.
Beautiful condo suitable for vacation rentals
Lachelle Karg, Canada, 3 years ago
Phuket is one of the popular tourist attractions, which there are many beautiful beaches. I love Phuket, so I looked for the condo near the beach and used a car. I finally chose here because many aspects match my lifestyles, such as the location near the beach, the project's design, nearby amenities, etc. I'm sure it is the best condo; therefore, I chose to buy it. It is a 7-story condominium on the land area of 1 rai. Although it seems a small condo, a full range of facilities is provided, such as a gym, on-site restaurant, leisure garden, a rooftop garden, an outdoor swimming pool, and a rooftop pool. The interior is spacious and airy. It is fully furnished and fits well. I love the simple room as I feel comfortable and relaxed. The surrounding area is not just the beach, but it is near the Laguna Phuket area, suitable for people who want a convenient life and good quality of life. Besides, it's surrounded by many places, including restaurants, hotels, golf courses, lakes, etc. It matches my lifestyle well.
Phuket
Choeng Thale

Neighborhood Overview

Location and Neighborhood

Street View

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