Park Royal 3

3.83 (1 Review)

Nong Prue, Pattaya, Chon Buri

Unit ID: U164168
8% Rental Yield
฿3,000,000 ฿3,200,000 Great Price
Bedroom
2 Bedrooms
Bathroom
2 Bathrooms
Indoor Area
84 SqM Size
Floors
5 Floor
Construction
Mar 2012 Completed

2 Bedroom Condo for sale at Park Royal 3

This property is a 84 SqM condo with 2 bedrooms and 2 bathrooms that is available for sale. It is part of the Park Royal 3 project in Nong Prue, Pattaya and was completed in Mar 2012. You can buy this condo for a base price of ฿3,000,000 (฿35,714/SqM) and it is also available for long term rentals starting from ฿20,000 per month.

Corner 2 BD condo sale fully furnished

The beach is 5-7 minutes walking. The Pattaya night bazzar is 2 minutes walking. Pattaya Park resort us 5 minutes walking.

Features

Beach AccessBeach Access Ocean AccessOcean Access Pool AccessPool Access Rooftop TerraceRooftop Terrace Garden AccessGarden Access TerraceTerrace Covered ParkingCovered Parking Corner UnitCorner Unit BalconyBalcony Wifi IncludedWifi Included Outdoor ShowersOutdoor Showers Full Western KitchenFull Western Kitchen MicrowaveMicrowave OvenOven TVTV Cable TVCable TV Pool Cleaning IncludedPool Cleaning Included

Basic Information

Property Type Condo
Floor 5
Bedrooms 2
Size 84 SqM
Price per SqM ฿35,714
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, Company
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) Mountain View, Partial Sea View, Park View, City View, Pool View, Unblocked Open View
Unit Type N/A
Building Building A
CAM Fee
These common area maintenance (CAM) fees are paid by owners for the upkeep of the common areas of condominiums and housing projects. For new residential developments, it is common to pay up to 1-3 years’ management fees in advance upon the transfer of the unit’s ownership.
฿3,360/mo
Listed By
Private Owner
Date Listed Aug 5, 2019
Last Updated 2 months ago
Unit ID U164168

Price Analysis

Great Price
Estimated market value ฿3,181,885
Great
฿3,150,000
Good
Fair
Above
฿3,340,000
Current asking Price: ฿3,000,000 | Advertised rental rate: ฿20,000/mo
This condo is ฿181,885 BELOW MARKET (-6%) 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.
Powered by FazWaz AVM

Investment Opportunity: Charges & Yield

Sale Price
฿3,000,000
CAM Fee
These common area maintenance (CAM) fees are paid by owners for the upkeep of the common areas of condominiums and housing projects. For new residential developments, it is common to pay up to 1-3 years’ management fees in advance upon the transfer of the unit’s ownership.
฿3,360/mo
Rent
฿20,000/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.
13
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.
8%

Project Details

Project Name: Park Royal 3
Developer: Heights Holdings
Construction: Completed (Mar 2012)
Floors: 8
Buildings: 2
Units: 140
Project Area: N/A
Nearest Landmark Pratumnak Beach - 0.6 Km
Location: Nong Prue, Pattaya, Chon Buri
Park Royal 3 Project Details

Project Features

Communal Pool Communal Pool
Jacuzzi Jacuzzi
Communal Gym Communal Gym
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Car Parking Car Parking
Reception / Lobby Area Reception / Lobby Area
Communal Garden Area Communal Garden Area
Back Up Generators Back Up Generators
Key card access Key card access

Popular Facilities at Park Royal 3

  • Reception / Lobby Area
    Ground Floor
  • Communal Pool
    Ground Floor
  • Communal Gym
    Rooftop
  • Communal Garden Area
    Rooftop
  • Jacuzzi
    Rooftop

Loan Calculator

Payment Plan

Foreign Ownership
Installment Milestone Payment
Reservation Deposit
Immediately
฿50,000
1st Installment
Upon contract signing
30%
2nd Installment
1 months after contract signing
70%
Thai or Company Ownership
Installment Milestone Payment
Reservation Deposit
Immediately
฿50,000
1st Installment
Upon contract signing
15%
2nd Installment
1 months after contract signing
85%

Frequently asked questions

No pets are allowed at Park Royal 3 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 ฿40 per square meter based on the size of indoor area of the property and is ฿3,360 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 Park Royal 3 and it is 0.6 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 Park Royal 3 you have to follow these steps:

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

 


Foreign Ownership
Installment Milestone Payment
Reservation Deposit
Immediately
฿50,000
1st Installment
Upon contract signing
30%
2nd Installment
1 months after contract signing
70%
Thai or Company Ownership
Installment Milestone Payment
Reservation Deposit
Immediately
฿50,000
1st Installment
Upon contract signing
15%
2nd Installment
1 months after contract signing
85%

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 3.83
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Quiet, surrounded by complete facilities.
3.8 Harriett Boris, Spain, 3 years ago
A good condo in a quiet location, just 5 minutes to Pattaya's center, where you can find all local amenities such as restaurants, bars, and shops. Plus, on the opposite of the project is a night market. The condo is clean with underground parking, a swimming pool, and a relaxation area. The size of my one-bedroom unit is approximately 45 square meters. It's in perfect size with a nice layout. There is a bedroom, a living room, and a kitchen, a 4-seat dining set. I like the balcony corner as it's moderately wide to fit a small table to chill in the nice weather. My neighbors are both Thai and foreigners, which live together in peace. I would recommend you rent the motorbike to get around conveniently, and it will be fun. The price is reasonable that you wouldn't expect.

Pattaya

Nong Prue

Neighborhood Overview

Location and Neighborhood

Street View

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