2 Bedroom Villa for sale at Manora Village I

(3 Reviews)
Nong Kae, Hua Hin, Prachuap Khiri Khan
Unit ID: U73371
8% Rental Yield
2 Bedrooms
2 Bathrooms
146 SqM Indoor Area
2 Storeys
Aug 2009 Completed

About This Villa

This property is a 146 SqM villa with 2 bedrooms and 2 bathrooms that is available for sale. It is part of the Manora Village I project in Nong Kae, Hua Hin and was completed in Aug 2009. You can buy this villa for a base price of ฿7,800,000 (฿53,425/SqM) and it is also available for long term rentals starting from ฿55,000 per month.

Features

Private GardenPrivate Garden TerraceTerrace Covered ParkingCovered Parking BalconyBalcony Full Western KitchenFull Western Kitchen BathtubBathtub MicrowaveMicrowave OvenOven TVTV

Basic Information

Date Listed Aug 16, 2023
Updated 7 months ago
Property Type Villa (Single Detached)
Storeys 2
Location Nong Kae, Hua Hin
Bedrooms 2
Nearest Landmark Khao Tao Beach -3.2 Km
Indoor Area 146 SqM
Price per SqM ฿53,425
Outdoor Area
This is the combined size of the terrace, pool, parking area, and sala. It does not include the size of the garden.
N/A
Plot Size 500 SqM
Pets Not Allowed
Villa Ownership

Foreign nationals can own the building (villa) in their own name but not the land that it stands on.

Leasehold
Land Ownership

Foreign nationals cannot own land in Thailand. The options in which a foreigner can control the land are via a 30-year lease or by purchasing the land through a Thai company.

Leasehold
Land Title Deed N/A
Construction Completed (Aug 2009)
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) Garden View
Unit Type Villa Busaba B
Parking Spots 1
Pool Size 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.
N/A
Listed By
Developer
Electricity Price Government Rate
Water Price Government Rate
Unit ID U73371

Price Analysis

Great Price
Estimated market value ฿10,264,116
Great
฿10,200,000
Good
Fair
Above
฿11,300,000
Current asking Price: ฿7,800,000 | Advertised rental rate: ฿55,000/mo
This villa is ฿2,464,116 BELOW MARKET (-24%) in the Hua Hin area. It is analyzed against similar villas 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
฿7,800,000
Rent
฿55,000/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.
12
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.
8%

Project Details

Project Name: Manora Village I
Developer: Manora Co., Ltd
Construction: Completed (Aug 2009)
Units: 50
Project Area: 36,000 SqM
Nearest Landmark Khao Tao Beach - 3.2 Km
Location: Nong Kae, Hua Hin
Manora Village I Project Details

Project Features

Hotel Managed Hotel Managed
Communal Pool Communal Pool
Jacuzzi Jacuzzi
Communal Gym Communal Gym
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Car Parking Car Parking
Reception / Lobby Area Reception / Lobby Area

Popular Facilities at Manora Village I

  • Communal Pool
    Ground Floor

Available Units at Manora Village I

For Sale 7 For Rent 6
Get notified when new homes are being added to Manora Village I
View All (7)

Loan Calculator

Payment Plan

Installment Milestone Payment
Deposit
Immediately
10%
1st Installment
On handover
90%
0 Interest for 5 years
Installment Milestone Payment
1st Installment
Upon contract signing
40%
2nd Installment
2nd year
15%
3rd Installment
3rd year
15%
4th Installment
4th year
15%
5th Installment
On handover
15%

Frequently Asked Questions

No pets are allowed at Manora Village I unless specifically permitted by the juristic office. Exceptions can be made for service or guide dogs for persons with disabilities.
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 Manora Village I the required payment for the sinking fund is a fixed amount of ฿20,000.
Khao Tao Beach is the nearest Beach from Manora Village I and it is 3.2 km away.

The building (the bricks and mortar) can be owned by a non-Thai national outright in their name in what is called the house registry which secures ownership indefinitely of the structure. 

In Thailand, non-Thai nationals cannot own land outright in their name. Land can be controlled through either a Thai Company or a long-term registered lease. The longest registered lease term by Thai law is 30 years, and most developers will offer 3 terms for a total of 90 years.

 

Read more here

After you have found the right property at Manora Village I you have to follow these steps:

  • - Agreement of terms and conditions
  • - Reservation Agreement
  • - Reservation Deposit
  • - Sales and Purchase Agreement
  • - Settlement & Transfer
Installment Milestone Payment
Deposit
Immediately
10%
1st Installment
On handover
90%
0 Interest for 5 years
Installment Milestone Payment
1st Installment
Upon contract signing
40%
2nd Installment
2nd year
15%
3rd Installment
3rd year
15%
4th Installment
4th year
15%
5th Installment
On handover
15%


Read more here

A 30-year lease period is legally protected under Thai law and ownership cannot be disrupted. It is common for developers to offer an additional two terms of 30 contractually obligating a total of 90 years. 

Prior to purchasing a leasehold property, it is important to secure a copy of the lease agreement or get further clarity on these three points.

  • - Who is the lessor? (an individual or a Thai Company) Securing a lease from a Thai Company offers much more security than a private individual.

  • - Do I have voting rights as a Lessee? (Some lease contracts do not allow lessee to have voting rights)

  • - Is there a succession clause in the lease agreement that will allow inheritance of the lease?

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

Do you own a property at Manora Village I?

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Reviews

3.8 out of 5
Based on
3 Reviews
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Well managed housing development near the beach
Verified Former Resident, 1 year ago
Well maintained, friendly staff, quiet location, not too far from Hua Hin center, good value for money.
Beautiful location but overpriced
Verified Visitor, 3 years ago
Swiss development close to one of the best beaches - unfortunately overpriced. Only swiss ppl living there
The village includes many styles of houses
Jean Lapp, Brazil, 5 years ago
The village includes many styles of houses, and the communal pool is very large. It is a quiet and uncrowded community. Inside the house comprises a jacuzzi, and some houses have a large private pool. The project management is good. There is a convenience store near the village. Most of the residents are Europeans and retirees. If you want to relax outside, it is convenient because it is not far from the community and the market. It takes only 2 minutes to drive to Sai Noi Beach. It is a good vacation home in Hua Hin.
Hua Hin
Nong Kae

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby Manora Village I

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
Project Name
Manora Village II
Location
Nong Kae, Hua Hin, Prachuap Khiri Khan
Number of units
22
Sales Prices
฿7.5M - ฿7.8M
▼ -18% underpriced
Monthly Rentals
฿55K
Year Built
Nov 2013
Completion Status
Completed
Location
Nong Kae, Hua Hin, Prachuap Khiri Khan
Number of units
27
Sales Prices
฿9.9M - ฿14.5M
▲ 1.5% overpriced
Monthly Rentals
฿30K - ฿75K
Year Built
Oct 2017
Completion Status
Completed
Location
Nong Kae, Hua Hin, Prachuap Khiri Khan
Number of units
19
Sales Prices
฿5.95M - ฿17M
▼ -17.3% underpriced
Monthly Rentals
฿87.5K - ฿120K
Year Built
Jan 2019
Completion Status
Made To Order
Project Name
Turtle Village
Location
Nong Kae, Hua Hin, Prachuap Khiri Khan
Number of units
N/A
Sales Prices
฿52.6M
▲ 20% overpriced
Monthly Rentals
N/A
Year Built
Jan 2002
Completion Status
Completed
Project Name
Baan Hua Hin
Location
Nong Kae, Hua Hin, Prachuap Khiri Khan
Number of units
40
Sales Prices
฿12M
Monthly Rentals
N/A
Year Built
Jan 2019
Completion Status
Completed
Location
Wang Phong, Hua Hin, Prachuap Khiri Khan
Number of units
32
Sales Prices
฿2.85M - ฿4.39M
▼ -15% underpriced
Monthly Rentals
฿25K
Year Built
Oct 2008
Completion Status
Completed
Project Name
The Heights 2
Location
Nong Kae, Hua Hin, Prachuap Khiri Khan
Number of units
52
Sales Prices
฿9.9M - ฿10.3M
▼ -43% underpriced
Monthly Rentals
N/A
Year Built
Dec 2015
Completion Status
Completed
Location
Pak Nam Pran, Hua Hin, Prachuap Khiri Khan
Number of units
50
Sales Prices
฿8.5M - ฿28M
▲ 3% overpriced
Monthly Rentals
฿45K - ฿349K
Year Built
Sep 2009
Completion Status
Completed
Project Name
Emerald Heights
Location
Wang Phong, Hua Hin, Prachuap Khiri Khan
Number of units
18
Sales Prices
฿9.9M - ฿10.5M
▼ -12% underpriced
Monthly Rentals
฿60K
Year Built
Feb 2014
Completion Status
Completed
Project Name
Eden Garden Home
Location
Nong Kae, Hua Hin, Prachuap Khiri Khan
Number of units
39
Sales Prices
฿7.9M
▼ -12% underpriced
Monthly Rentals
N/A
Year Built
Dec 2011
Completion Status
Completed
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