2 Bedroom Condo for sale at The Residences Overlooking Layan

(1 Review)
Choeng Thale, Thalang,Phuket
Unit ID: U18719
14% Rental Yield
2 Bedrooms
2 Bathrooms
230 SqM Size
1 Floor
Dec 2016 Completed

About This Condo

This property is a 230 SqM condo with 2 bedrooms and 2 bathrooms that is available for sale. It is part of the The Residences Overlooking Layan project in Choeng Thale, Phuket and was completed in Dec 2016. You can buy this condo for a base price of ฿24,000,000 (฿104,348/SqM).

Provocative Luxury: The Residences Overlooking Layan

Welcome to The Residences Overlooking Layan, the newest premier real estate development offering luxury accommodations in the coveted location of Choeng Thale. This two-bedroom, two-bathroom condominium beckons potential buyers to experience an elevated lifestyle in sunny Phuket, Thailand. Spanning 230 SqM, this pristine property delivers high-end features and finishes that are sure to suit the tastes of even the most discriminating of buyers. This exclusive property has been completed as of December 2016 and requires no additional work – making it the perfect primary or vacation residence.Within this spacious floor plan, buyers can expect to take in stunning views of the tropical paradise that is Phuket. Step inside to find exemplary amenities and an unparalleled sense of style. Delight in soaring, 10-foot ceilings, expansive dual-paned windows that maximize air circulation and bring in soothing, natural light. Neutral tones, finer floor finishes, and opulent fittings grace the interior and make it a pleasure to be in. Be surrounded by the utmost luxury as you are its most fortunate resident.The two bedrooms offer the perfect place for you to reignite a sense of comfort and relaxation. Lush carpets give way to inviting, private living quarters or rental havens. These cozy spaces come fully furnished with luxury amenities and superior-quality linens – all complete with perfectly placed accents that showcase a vibrant, stylish escape.The two bathrooms of this luxurious condominium feature imported porcelain tiles, brushed-nickel fixtures, and superior countertops – making them just as masterful as the rest of the home. Bathe in extravagance as you take in beautiful views of Town & Country's newest project.At The Residences Overlooking Layan, luxurious and spacious condominiums come at an incredible base price of ฿23,000,000 (฿100,000/SqM). With an exquisite location, best-in-

Features

Private PoolPrivate Pool TerraceTerrace

Basic Information

Date Listed Sep 9, 2022
Updated 4 months ago
Property Type Condo
Floor 1
Bedrooms 2
Size 230 SqM
Price per SqM ฿104,348
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
Unfurnished
View(s) Sea View
Unit Type 2BR
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.
฿10,810/mo
Listed By
Developer
Electricity Price N/A
Water Price N/A
Unit ID U18719

Price Analysis

Great Price
Estimated market value ฿27,192,766
Great
฿24,700,000
Good
Fair
Above
฿30,800,000
Current asking Price: ฿24,000,000 | Rental estimate: ฿275,000/mo
This condo is ฿3,192,766 BELOW MARKET (-12%) 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

Sale Price
฿24,000,000
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.
฿10,810/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.
7
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 Residences Overlooking Layan, and the current sales price.
14%

Project Details

Construction: Completed (Dec 2016)
Floors: 3
Buildings: 1
Units: 18
Project Area: N/A
Nearest Landmark Layan Beach - 1.1 Km
Location: Choeng Thale, Phuket
The Residences Overlooking Layan Project Details

Project Features

24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Car Parking Car Parking

Available Units at The Residences Overlooking Layan

For Sale 10 For Rent 9
Get notified when new homes are being added to The Residences Overlooking Layan
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Loan Calculator

Frequently Asked Questions

No pets are allowed at The Residences Overlooking Layan 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 ฿47 per square meter based on the size of indoor area of the property and is ฿10,810 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.
Layan Beach is the nearest Beach from The Residences Overlooking Layan and it is 1.1 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 Residences Overlooking Layan 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

4.5 out of 5
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Villa with splendid view
Hannah H., Germany, 5 years ago
I made the right decision to choose this villa. The decorations here are quite luxurious. More importantly, the price is reasonable here compared with other projects nearby. Since the villa is large, it allows me to customize the villa as I wish, and so far, the house is exactly what I want! The highlight of this villa is its balcony, especially when it's sunset. The surrounding atmosphere is just exceptional. As there are small numbers of units, the villa is private. Most of the time, I like to spend time in the villas and chill by the pool. I want to cook for myself because I'm a vegan. For those who want to go out for food, it's not difficult. You can drive less than 10 mins to the laguna area. There are many restaurants, bars, and cafes. Also, this place is not far from the airport. You can drive within 20 minutes only. The project's security guard takes care of us 24 hours a day, so you don't have to worry about safety. It's good for both living and investment. As Phuket is still a touristy place, it might be easy to sell or rent it out.
Phuket
Choeng Thale

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby The Residences Overlooking Layan

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
Choeng Thale, Thalang, Phuket
Number of units
12
Sales Prices
฿19.9M - ฿35M
▲ 22% overpriced
Monthly Rentals
N/A
Year Built
N/A
Completion Status
Off Plan
Location
Choeng Thale, Thalang, Phuket
Number of units
18
Sales Prices
฿35M - ฿92M
Monthly Rentals
฿190K - ฿600K
Year Built
Dec 2010
Completion Status
Completed
Location
Choeng Thale, Thalang, Phuket
Number of units
4
Sales Prices
฿33.4M - ฿89.2M
Monthly Rentals
N/A
Year Built
Mar 2023
Completion Status
Completed
Location
Choeng Thale, Thalang, Phuket
Number of units
6
Sales Prices
฿34.6M - ฿89.7M
Monthly Rentals
N/A
Year Built
Mar 2023
Completion Status
Completed
Location
Choeng Thale, Thalang, Phuket
Number of units
40
Sales Prices
฿16.5M - ฿34.5M
Monthly Rentals
N/A
Year Built
N/A
Completion Status
Made To Order
Project Name
Cohiba Villas
Location
Choeng Thale, Thalang, Phuket
Number of units
7
Sales Prices
฿55M - ฿75M
Monthly Rentals
N/A
Year Built
N/A
Completion Status
Made To Order
Project Name
Walai Layan
Location
Choeng Thale, Thalang, Phuket
Number of units
9
Sales Prices
฿25.5M - ฿42.7M
Monthly Rentals
N/A
Year Built
Jun 2023
Completion Status
Completed
Project Name
ISOLA II
Location
Choeng Thale, Thalang, Phuket
Number of units
3
Sales Prices
฿43M - ฿46.2M
Monthly Rentals
N/A
Year Built
Oct 2024
Completion Status
Off Plan
Project Name
Ocean Breeze
Location
Choeng Thale, Thalang, Phuket
Number of units
50
Sales Prices
฿4.5M - ฿10.5M
▼ -38% underpriced
Monthly Rentals
฿55K - ฿85K
Year Built
Jan 2007
Completion Status
Completed
Project Name
Lotus Gardens
Location
Choeng Thale, Thalang, Phuket
Number of units
50
Sales Prices
฿29M
▼ -33% underpriced
Monthly Rentals
฿80K - ฿120K
Year Built
Jan 2005
Completion Status
Completed
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