2 Bedroom Villa for sale at The 8 Pool Villa

(1 Review)
Chalong, Phuket Town,Phuket
Unit ID: U167414
5% GUAR. RETURN FOR 3 YEARS
2 Bedrooms
2 Bathrooms
118 SqM Indoor Area
1 Storeys
Aug 2021 Completed

About This Villa

This property is a 118 SqM villa with 2 bedrooms and 2 bathrooms that is available for sale. It is part of the The 8 Pool Villa project in Chalong, Phuket and was completed in Aug 2021. You can buy this villa for a base price of ฿6,250,000 (฿52,966/SqM).

Features

Private PoolPrivate Pool Private GardenPrivate Garden TerraceTerrace Covered ParkingCovered Parking Outdoor ShowersOutdoor Showers Full Western KitchenFull Western Kitchen

Basic Information

Date Listed Jul 19, 2019
Updated 3 years ago
Property Type Villa
Storeys 1
Location Chalong, Phuket
Bedrooms 2
Nearest Landmark Chalong Pier -3.5 Km
Indoor Area 118 SqM
Price per SqM ฿52,966
Outdoor Area
This is the combined size of the terrace, pool, parking area, and sala. It does not include the size of the garden.
49.60 SqM
Plot Size 144 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.

Foreign Ownership, Thai Ownership, Company, 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.

Thai Ownership, Company
Land Title Deed N/A
Construction Completed (Aug 2021)
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) Pool View, Garden View
Unit Type A
Parking Spots 1
Pool Size 2.9 x 4.7
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.
฿3,600/mo
Listed By
Developer
Electricity Price N/A
Water Price N/A
Unit ID U167414

Price Analysis

Great Price
Estimated market value ฿6,973,415
Great
฿6,960,000
Good
Fair
Above
฿8,510,000
Current asking Price: ฿6,250,000 | Rental estimate: ฿39,300/mo
This villa is ฿723,415 BELOW MARKET (-10%) in the Phuket 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

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.
฿3,600/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.
20
Guaranteed Rental Return
5%
Guarantee Duration
3 Years

Project Details

Project Name: The 8 Pool Villa
Developer: Cissa Group
Construction: Completed (Aug 2021)
Units: 80
Project Area: 13,600 SqM
Nearest Landmark Chalong Pier - 3.5 Km
Location: Chalong, Phuket
The 8 Pool Villa Project Details

Project Features

24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Communal Garden Area Communal Garden Area
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Available Units at The 8 Pool Villa

For Sale 3 For Rent 8
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Payment Plan

Installment Milestone Payment
Reservation Deposit
Immediately
฿100,000
1st Installment
Upon contract signing
90%
2nd Installment
On handover
10%

Frequently Asked Questions

All kind of pets are allowed at The 8 Pool Villa including dogs, cats, rabbits, hamsters, guinea pigs, birds, and reptiles.
The common area maintenance fee is ฿25 per square meter based on the plot size of the property and is ฿3,600 for this villa. 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 8 Pool Villa the required payment for the sinking fund is ฿50,000 per square meter based on the size of the plot size of the property.
The 8 Pool Villa offers a guaranteed rental return of 5% (based on the purchase price of the property) for a duration of 3 Years.
Read more here.
Chalong Pier is the nearest Pier from The 8 Pool Villa and it is 3.5 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 The 8 Pool Villa you have to follow these steps:

  • - Agreement of terms and conditions
  • - Reservation Agreement
  • - Reservation Deposit
  • - Sales and Purchase Agreement
  • - Settlement & Transfer
Installment Milestone Payment
Reservation Deposit
Immediately
฿100,000
1st Installment
Upon contract signing
90%
2nd Installment
On handover
10%


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

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Reviews

4.2 out of 5
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Suitable for couples
Miyoung Bae, South Korea, 4 years ago
It is the best place to stay for the year. I would like to say I love this place 3,000 times. The atmosphere here is quiet and surrounded by lush green nature. Therefore, it's very quiet at night but suitable for relaxing with a couple. Anyway, the location is quite far from the amenities located in a deep alley from the main road. If there is a car, it is very convenient to go around. It takes only 10-15 minutes driving to the Central Department Store and not far from Rawai and Nai Harn Beaches. The villa is a modern design, clean and beautiful. It is fully furnished with a European kitchen that can cook food. There is a private pool but quite tiny. The staff are also great at service, help the best they can, especially the guard at the entrance, which is so lovely. If there is the next chance, I would like to stay here again. See you!!
Phuket
Chalong

Neighborhood Overview

Location and Neighborhood

Street View

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