2 Bedroom Condo for sale at The Alcove 49

(1 Review)
Khlong Tan Nuea, Watthana,Bangkok
Unit ID: U71814
5% Rental Yield
2 Bedrooms
2 Bathrooms
68 SqM Size
Dec 2008 Completed

About This Condo

This property is a 68 SqM condo with 2 bedrooms and 2 bathrooms that is available for sale. It is part of the The Alcove 49 project in Khlong Tan Nuea, Bangkok and was completed in Dec 2008. You can buy this condo for a base price of ฿6,300,000 (฿92,647/SqM).

Features

Covered ParkingCovered Parking

Basic Information

Date Listed Oct 9, 2019
Updated 3 years ago
Property Type Condo
Floor N/A
Bedrooms 2
Size 68 SqM
Price per SqM ฿92,647
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
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) 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.
฿2,720/mo
Listed By
Each listing provided by partnered agents is individually verified by FazWaz. Partner Agents work for different brokerages or property management companies but have teamed up with FazWaz so that we can provide you a wider choice of properties
Agent / Partner
Electricity Price N/A
Water Price N/A
Unit ID U71814

Price Analysis

Great Price
Estimated market value ฿7,469,462
Great
฿6,660,000
Good
Fair
Above
฿9,000,000
Current asking Price: ฿6,300,000 | Rental estimate: ฿28,400/mo
This condo is ฿1,169,462 BELOW MARKET (-16%) 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
฿6,300,000
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.
฿2,720/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 The Alcove 49, and the current sales price.
5%

Project Details

Project Name: The Alcove 49
Developer: Samirano Group
Construction: Completed (Dec 2008)
Floors: 8
Buildings: 1
Units: 48
Project Area: 900 SqM
Nearest Landmark Phrom Phong BTS - 0.5 Km
Location: Khlong Tan Nuea, Bangkok
The Alcove 49 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
Shuttle Bus Shuttle Bus

Popular Facilities at The Alcove 49

  • Communal Pool
    8th Floor
  • Communal Gym
    8th Floor

Available Units at The Alcove 49

For Sale 7 For Rent 21
Get notified when new homes are being added to The Alcove 49
View All (7)

Loan Calculator

Frequently Asked Questions

No pets are allowed at The Alcove 49 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 ฿2,720 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 The Alcove 49 the required payment for the sinking fund is ฿500 per square meter based on the size of the indoor area of the property.
Phrom Phong BTS is the nearest BTS Station from The Alcove 49 and it is 0.5 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 Alcove 49 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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Reviews

4.3 out of 5
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Very close to amenities
Virgina Gehringer, United States, 6 years ago
It is a modern condominium style. The construction building is well- designed and close to Thonglor BTS station, which is very convenient for traveling, wherever you go. Also, the project is not far from Sukhumvit Road, only 300 meters within walking distance. If you are bored with taking the Skytrain, you can use various Uber Grab Cars taxis. The Alcove 49 is a fully equipped condo. I am not mistaken about choosing to buy this condo because it is close to my office. Besides, it is still close to the Emporium Shopping Complex and Samitivej Sukhumvit Hospital. As for the room interior, it is beautifully and elegantly designed. There is everything in the room. The furniture is also of good quality. It's called as complete in one place, including all the convenient common areas are also excellent, and I always use the service. Overall, it is okay.
Bangkok
Khlong Tan Nuea

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby The Alcove 49

Location
Number of units
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Year Built
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Project Name
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Number of units
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Location
Khlong Tan Nuea, Watthana, Bangkok
Number of units
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▼ -29% underpriced
Monthly Rentals
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Location
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฿40K - ฿65K
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Project Name
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Number of units
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฿45K - ฿55K
Year Built
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Completion Status
Completed
Location
Khlong Tan Nuea, Watthana, Bangkok
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159
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Completion Status
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Location
Khlong Tan Nuea, Watthana, Bangkok
Number of units
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฿15M - ฿22M
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Monthly Rentals
฿30K - ฿65K
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Khlong Tan Nuea, Watthana, Bangkok
Number of units
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Completed
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