Kamala Paradise 1

3.47 (3 Reviews)

Kamala, Kathu,Phuket

Unit ID: U24359
9% Rental Yield
฿3,500,000 ฿4,500,000 Great Price
Bedroom
2 Bedrooms
Bathroom
2 Bathrooms
Indoor Area
174.60 SqM Indoor Area
Stairs
3 Storeys
Construction
Jun 2008 Completed

2 Bedroom Townhouse for sale at Kamala Paradise 1

This property is a 174.60 SqM townhouse with 2 bedrooms and 2 bathrooms that is available for sale. It is part of the Kamala Paradise 1 project in Kamala, Phuket and was completed in Jun 2008. You can buy this townhouse for a base price of ฿3,500,000 (฿20,046/SqM).

Features

Rooftop TerraceRooftop Terrace Private GardenPrivate Garden TerraceTerrace Covered ParkingCovered Parking

Basic Information

Property Type Townhouse
Storeys 3
Location Kamala, Kathu, Phuket
Bedrooms 2
Nearest Landmark Kamala Beach -1.5 Km
Indoor Area 174.60 SqM
Price per SqM ฿20,046
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 90.40 SqM
Townhouse Ownership

Foreign nationals can own the building (townhouse) 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 (Jun 2008)
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, Pool View
Unit Type N/A
Parking Spots 1
Pool Size N/A
CAM Fee
These common area maintenance (CAM) fees are paid by owners for the upkeep of the common areas of condominiums and housing projects. For new residential developments, it is common to pay up to 1-3 years’ management fees in advance upon the transfer of the unit’s ownership.
฿4,500/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
Date Listed Feb 22, 2017
Last Updated 1 year ago
Unit ID U24359

Price Analysis

Great Price
Estimated market value ฿6,760,000
Great
฿3,420,000
Good
Fair
Above
฿9,750,000
Current asking Price: ฿3,500,000 | Rental estimate: ฿25,400/mo
This townhouse is ฿3,260,000 BELOW MARKET (-48%) in the Phuket area. It is analyzed against similar townhouses 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
฿3,500,000
CAM Fee
These common area maintenance (CAM) fees are paid by owners for the upkeep of the common areas of condominiums and housing projects. For new residential developments, it is common to pay up to 1-3 years’ management fees in advance upon the transfer of the unit’s ownership.
฿4,500/mo
Est. Rent
฿25,400/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 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 townhouses at Kamala Paradise 1, and the current sales price.
9%

Project Details

Project Name: Kamala Paradise 1
Construction: Completed (Jun 2008)
Units: 31
Project Area: N/A
Nearest Landmark Kamala Beach -1.5 Km
Location: Kamala, Kathu, Phuket
Kamala Paradise 1 Project Details

Project Features

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

Available Units at Kamala Paradise 1

For Sale 3 For Rent 1
Get notified when new homes are being added to Kamala Paradise 1

Loan Calculator

Frequently asked questions

Kamala Beach is the nearest Beach from Kamala Paradise 1 and it is 1.5 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 Kamala Paradise 1 you have to follow these steps:

  • - Agreement of terms and conditions
  • - Reservation Agreement
  • - Reservation Deposit
  • - Sales and Purchase Agreement
  • - Settlement & Transfer


 

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

Previous Sales (Secondary Market) at Kamala Paradise 1

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

3.5 out of 5 3.47
Based on
3 Reviews
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Good value - Paradise 2 is better
2.9 Verified Former Resident, 9 months ago
I rented Paradise 1 for one year before moving to Paradise 2 (down the street). The first phase is cheaper as it is off the main road and slightly older. The best thing about Paradise 1 is that the value for money is very good and that each unit has a private parking spot. Paradise 2 has a bigger living room because they changed the design to remove the private parking. I only have a bike so this works good for me.
Big villa, perfect for holidays
3.5 Danny Lim, Singapore, 1 year ago
I really like this place, perfect for relaxing with big families. It is a 4-bedroom villa with a private pool. The villa is decorated in a modern style, with complete equipment and furniture. Reasonable rental prices and travel are very convenient. Only 5 minutes drive to Kamala Beach and close to Phuket FantaSea.
The private villa, great location
4 Heather Lamoureux, France, 3 years ago
I like this project. Everything in the villa is complete and comfortable. There is a private outdoor pool, kitchen, and space to have a great party with friends. Besides, the opposite of the swimming pool, there will be a picnic area as well. I think families with children can enjoy this area well. Many nearby places include many restaurants, shops, and convenience stores. So, I can conveniently ride a motorbike to go shopping. There is no need to worry about being troublesome or unsafe because the project is located in a potential community. It is also close to the beaches such as Kamala, Patong, and Surin Beaches. There are also many great cafés nearby. If anyone likes peace, I would recommend it here.

Phuket

Kamala

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby Kamala Paradise 1

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
Kathu, Phuket, Thailand
Number of units
16
Sales Prices
฿15.2M
Monthly Rentals
฿152K
Year Built
Jan 2009
Completion Status
Completed
Location
Kathu, Phuket, Thailand
Number of units
10
Sales Prices
฿6.27M
Monthly Rentals
฿40.4K - ฿88.9K
Year Built
Oct 2015
Completion Status
Completed
Project Name
The Trend Kamala
Location
Kathu, Phuket, Thailand
Number of units
76
Sales Prices
Monthly Rentals
฿45.5K
Year Built
Mar 2013
Completion Status
Completed
Location
Kathu, Phuket, Thailand
Number of units
7
Sales Prices
Monthly Rentals
฿45.5K
Year Built
Nov 2009
Completion Status
Completed
Project Name
Jungle Apartment
Location
Kathu, Phuket, Thailand
Number of units
1
Sales Prices
฿4.04M
Monthly Rentals
฿32.8K
Year Built
Dec 2011
Completion Status
Completed
Location
Kathu, Phuket, Thailand
Number of units
36
Sales Prices
฿4.35M - ฿6.97M
Monthly Rentals
฿30.3K - ฿50.5K
Year Built
Apr 2013
Completion Status
Completed
Location
Kathu, Phuket, Thailand
Number of units
4
Sales Prices
Monthly Rentals
฿18.2K
Year Built
May 2007
Completion Status
Completed
Project Name
Kamala Paradise 2
Location
Kathu, Phuket, Thailand
Number of units
41
Sales Prices
฿5.46M - ฿11.8M
Monthly Rentals
฿35.4K - ฿101K
Year Built
Aug 2013
Completion Status
Completed
Project Name
G1 Apartment
Location
Kathu, Phuket, Thailand
Number of units
42
Sales Prices
Monthly Rentals
฿29.7K
Year Built
Jan 2010
Completion Status
Completed
Project Name
Kamala Mews
Location
Kathu, Phuket, Thailand
Number of units
6
Sales Prices
฿7.98M - ฿11M
Monthly Rentals
฿35.4K
Year Built
Dec 2015
Completion Status
Completed

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