2 Bedroom Condo for sale at The Star Estate at Narathiwas

(1 Review)
Chong Nonsi, Yan Nawa,Bangkok
Unit ID: U155991
4% Rental Yield
2 Bedrooms
2 Bathrooms
102 SqM Size
4 Floor
Dec 2006 Completed

About This Condo

This property is a 102 SqM condo with 2 bedrooms and 2 bathrooms that is available for sale. It is part of the The Star Estate at Narathiwas project in Chong Nonsi, Bangkok and was completed in Dec 2006. You can buy this condo for a base price of ฿7,350,000 (฿72,059/SqM).

Perfectly situated on the quiet and cooler corner.

Separate kitchen and dining/living room. Entry vestibule. All wooden floors. Excellent decoration. Walking distance to Tesco Lotus. Close to Central Rama 3. Next to the BRT station.

Features

Corner UnitCorner Unit BalconyBalcony

Basic Information

Date Listed Oct 9, 2019
Updated 2 years ago
Property Type Condo
Floor 4
Bedrooms 2
Size 102 SqM
Price per SqM ฿72,059
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) Park View, Pool View, Garden 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.
฿3,570/mo
Listed By
Private Owner
Electricity Price N/A
Water Price N/A
Unit ID U155991

Price Analysis

Great Price
Estimated market value ฿8,745,576
Great
฿7,130,000
Good
Fair
Above
฿11,000,000
Current asking Price: ฿7,350,000 | Rental estimate: ฿22,600/mo
This condo is ฿1,395,576 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

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.
฿3,570/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.
27
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 Star Estate at Narathiwas, and the current sales price.
4%

Project Details

Construction: Completed (Dec 2006)
Floors: 20
Buildings: N/A
Units: 211
Project Area: 7,552 SqM
Nearest Landmark Chong Nonsi BTS - 3.5 Km
Location: Chong Nonsi, Bangkok
The Star Estate at Narathiwas Project Details

Project Features

Communal Pool Communal Pool
Jacuzzi Jacuzzi
Communal Gym Communal Gym
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Indoor Kids Zone Indoor Kids Zone
Car Parking Car Parking
Sauna Sauna
Co-Working Space / Meeting Room Co-Working Space / Meeting Room
Outdoor Kids Zone Outdoor Kids Zone
Library / Reading Room Library / Reading Room
Key card access Key card access
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Frequently Asked Questions

No pets are allowed at The Star Estate at Narathiwas 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 ฿35 per square meter based on the size of indoor area of the property and is ฿3,570 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.
Chong Nonsi BTS is the nearest BTS Station from The Star Estate at Narathiwas and it is 3.5 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 Star Estate at Narathiwas 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

4.7 out of 5
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
A good project
James Smith, United States, 7 years ago
Although this condo has been completed for a long time, fortunately, its construction building still looks new as it has been regularly maintained. The rooms are spacious compared to other condos. The furniture used in the decoration is of good quality. More importantly, there are different room sizes to choose from, ranging from 1 bedroom to 4 bedrooms. The common area has many facilities, including a large outdoor swimming pool and a fully equipped gym. There is also a sauna here. However, the project is quite far from the BTS Station. The nearest station is Chong Nonsi BTS Station, which is about 5 kilometers away from the project. But the private cars are considered convenient because it is close to the Chalerm Mahanakorn Expressway, less than 2 kilometers. In addition, the project area is also surrounded by shopping malls, schools, and hospitals that you can enjoy. Overall, I consider it a good project.
Bangkok
Chong Nonsi

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby The Star Estate at Narathiwas

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Year Built
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Project Name
Location
Number of units
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Year Built
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Location
Chong Nonsi, Yan Nawa, Bangkok
Number of units
294
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฿4.95M - ฿10M
Monthly Rentals
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฿2.2M - ฿6.7M
▲ 1% overpriced
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Chong Nonsi, Yan Nawa, Bangkok
Number of units
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Chong Nonsi, Yan Nawa, Bangkok
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Location
Chong Nonsi, Yan Nawa, Bangkok
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Chong Nonsi, Yan Nawa, Bangkok
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฿2.79M - ฿9.78M
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Chong Nonsi, Yan Nawa, Bangkok
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Location
Chong Nonsi, Yan Nawa, Bangkok
Number of units
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฿2.8M - ฿5.9M
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Monthly Rentals
N/A
Year Built
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Completed
Location
Chong Nonsi, Yan Nawa, Bangkok
Number of units
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Monthly Rentals
฿27K - ฿65K
Year Built
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Chong Nonsi, Yan Nawa, Bangkok
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