2 Bedroom Condo for sale at The Address Siam

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Thanon Phaya Thai, Ratchathewi,Bangkok
Unit ID: U37034
4% Rental Yield
฿7,850,000 Great Price
2 Bedrooms
1 Bathroom
58.50 SqM Size
18 Floor
Dec 2007 Completed

About This Condo

This property is a 58.50 SqM condo with 2 bedrooms and 1 bathroom that is available for sale. It is part of the The Address Siam project in Thanon Phaya Thai, Bangkok and was completed in Dec 2007. You can buy this condo for a base price of ฿7,850,000 (฿134,188/SqM) and it is also available for long term rentals starting from ฿28,000 per month.

Features

BalconyBalcony BathtubBathtub Washing MachineWashing Machine MicrowaveMicrowave TVTV

Basic Information

Property Type Condo
Floor 18
Bedrooms 2
Size 58.50 SqM
Price per SqM ฿134,188
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
Specific items of furniture can be requested in the sale, or buyers can offer to purchase some or all of it. When negotiating a deal, either party can suggest that such items be included in the sale price.
Negotiable
View(s) City View, Unblocked Open View
Unit Type FW-282
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.
฿2,340/mo
Listed By
Private Owner
Date Listed Nov 8, 2017
Last Updated 2 years ago
Unit ID U37034

Price Analysis

Good Price
Estimated market value ฿8,197,380
Great
฿7,240,000
Good
Fair
Above
฿8,960,000
Current asking Price: ฿7,850,000 | Advertised rental rate: ฿28,000/mo
This condo is ฿347,380 BELOW MARKET (-4%) 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
฿7,850,000
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.
฿2,340/mo
Rent
฿28,000/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.
23
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.
4%

Project Details

Project Name: The Address Siam
Developer: AP (Thailand)
Construction: Completed (Dec 2007)
Floors: 24
Buildings: N/A
Units: 238
Project Area: N/A
Nearest Landmark Ratchathewi BTS - 0.3 Km
Location: Ratchathewi, Bangkok
The Address Siam 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
Sauna Sauna

Available Units at The Address Siam

For Sale 2 For Rent 6
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Available Units at The Address Siam
-
Beds 2 Beds
Baths 2 Baths
Size 84 SqM Size
Floor 23 Floor
Foreign Quota Fully Furnished City View
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Available Units at The Address Siam
-
Beds Studio Beds
Baths 1 Baths
Size 40 SqM Size
Floor 16 Floor
Fully Furnished City View
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Available Units at The Address Siam
฿129,310
Beds 1 Beds
Baths 1 Baths
Size 58 SqM Size
Floor 11 Floor
City View
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Available Units at The Address Siam
-
Beds 2 Beds
Baths 2 Baths
Size 75 SqM Size
Floor 17 Floor
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Available: Jan 31, 2023 Available Units at The Address Siam
-
Beds 1 Beds
Baths 1 Baths
Size 58 SqM Size
Floor 9 Floor
Fully Furnished City View
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Compare
Available Units at The Address Siam
฿134,188
Good Price
Beds 2 Beds
Baths 1 Baths
Size 58.50 SqM Size
Floor 18 Floor
Foreign Quota Negotiable City View
Favorite
Compare
Available Units at The Address Siam
-
Beds 2 Beds
Baths 1 Baths
Size 58 SqM Size
Floor - Floor
Negotiable
Get notified when new homes are being added to The Address Siam

Loan Calculator

Frequently Asked Questions

No pets are allowed at The Address Siam 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 ฿2,340 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.
Ratchathewi BTS is the nearest BTS Station from The Address Siam 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 The Address Siam 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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Bangkok
Thanon Phaya Thai

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby The Address Siam

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
Thanon Phaya Thai, Ratchathewi, Bangkok
Number of units
323
Sales Prices
฿5.54M - ฿13.1M
▼ -6.4% underpriced
Monthly Rentals
฿18.1K - ฿50.4K
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Dec 2014
Completion Status
Completed
Location
Thanon Phaya Thai, Ratchathewi, Bangkok
Number of units
552
Sales Prices
฿6.03M - ฿13M
▼ -10% underpriced
Monthly Rentals
฿20.1K - ฿45.3K
Year Built
Jun 2017
Completion Status
Completed
Location
Thanon Phaya Thai, Ratchathewi, Bangkok
Number of units
623
Sales Prices
฿4.38M - ฿13.1M
▼ -11.3% underpriced
Monthly Rentals
฿16.1K - ฿40.3K
Year Built
Oct 2017
Completion Status
Completed
Location
Thanon Phaya Thai, Ratchathewi, Bangkok
Number of units
231
Sales Prices
฿7.26M - ฿28.7M
▼ -11% underpriced
Monthly Rentals
฿18.1K - ฿50.4K
Year Built
Dec 2017
Completion Status
Completed
Location
Thanon Phaya Thai, Ratchathewi, Bangkok
Number of units
581
Sales Prices
฿6.55M - ฿17M
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฿21.1K - ฿70.5K
Year Built
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Completion Status
Completed
Location
Thanon Phaya Thai, Ratchathewi, Bangkok
Number of units
156
Sales Prices
฿7.55M - ฿9.06M
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฿22.2K - ฿50.4K
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Completion Status
Completed
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Location
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Number of units
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Monthly Rentals
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Completion Status
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Project Name
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Thanon Phaya Thai, Ratchathewi, Bangkok
Number of units
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฿5.41M - ฿9.15M
Monthly Rentals
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Project Name
Petch 9 Tower
Location
Thanon Phaya Thai, Ratchathewi, Bangkok
Number of units
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฿10.6M
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Number of units
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฿25.2K - ฿50.4K
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Dec 2008
Completion Status
Completed
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