2 Bedroom Condo for sale at The Beach Palace

(1 Review)
Cha-Am, Cha-Am,Phetchaburi
Unit ID: U85656
11% Rental Yield
2 Bedrooms
2 Bathrooms
153 SqM Size
3 Floor
May 2007 Completed

About This Condo

This property is a 153 SqM condo with 2 bedrooms and 2 bathrooms that is available for sale. It is part of the The Beach Palace project in Cha-Am, Phetchaburi and was completed in May 2007. You can buy this condo for a base price of ฿7,690,000 (฿50,261/SqM).

Features

BalconyBalcony

Basic Information

Date Listed Sep 26, 2018
Updated 3 years ago
Property Type Condo
Floor 3
Bedrooms 2
Size 153 SqM
Price per SqM ฿50,261
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) Sea 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.
฿6,120/mo
Listed By
Developer
Electricity Price N/A
Water Price N/A
Unit ID U85656

Price Analysis

Great Price
Estimated market value ฿8,777,953
Great
฿5,330,000
Good
Fair
Above
฿11,100,000
Current asking Price: ฿7,690,000 | Rental estimate: ฿71,300/mo
This condo is ฿1,087,953 BELOW MARKET (-12%) in the Phetchaburi 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.
฿6,120/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.
9
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 Beach Palace, and the current sales price.
11%

Project Details

Project Name: The Beach Palace
Construction: Completed (May 2007)
Floors: 4
Buildings: 5
Units: 70
Project Area: 4,800 SqM
Nearest Landmark Cha Am Beach - 1.9 Km
Location: Cha-Am, Phetchaburi
The Beach Palace 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
Reception / Lobby Area Reception / Lobby Area
Communal Garden Area Communal Garden Area
Back Up Generators Back Up Generators

Popular Facilities at The Beach Palace

  • Reception / Lobby Area
    Ground Floor
  • Communal Pool
    Ground Floor
  • Communal Gym
    Ground Floor
  • Sauna
    Ground Floor
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Available Units at The Beach Palace

For Sale 5 For Rent 1
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Frequently Asked Questions

No pets are allowed at The Beach Palace 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 ฿6,120 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 Beach Palace the required payment for the sinking fund is ฿500 per square meter based on the size of the indoor area of the property.
Cha Am Beach is the nearest Beach from The Beach Palace and it is 1.9 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 The Beach Palace 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

5 out of 5
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
It is the best place to stay in Cha-Am
Stepan Stuard, United States, 6 years ago
It is the best place to stay in Cha-Am, and I would recommend it to anyone. The condo is located directly on the beach. The atmosphere is pleasant, quiet, and private. The staff is also extremely attentive and welcoming. There is a kid's pool as well as an adult pool. My room is a 2-bedroom unit with pool access and is fully furnished. My kid likes it very much! It's also close to the center of Cha Am Beach. There are numerous restaurants nearby. I recommend it for families!
Phetchaburi
Cha-Am

Neighborhood Overview

Location and Neighborhood

Street View

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Location
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