3 Bedroom Condo for sale at The Lanai Sathorn

(1 Review)
Chong Nonsi, Yan Nawa,Bangkok
Unit ID: U77815
5% Rental Yield
3 Bedrooms
4 Bathrooms
268 SqM Size
4 Floor
Dec 2005 Completed

About This Condo

This property is a 268 SqM condo with 3 bedrooms and 4 bathrooms that is available for sale. It is part of the The Lanai Sathorn project in Chong Nonsi, Bangkok and was completed in Dec 2005. You can buy this condo for a base price of ฿23,000,000 (฿85,821/SqM).

Features

BalconyBalcony

Basic Information

Date Listed Jun 20, 2018
Updated 3 years ago
Property Type Condo
Floor 4
Bedrooms 3
Size 268 SqM
Price per SqM ฿85,821
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
Partly furnished means the property contains the basics i.e. beds, sofa, table and chairs, wardrobes but no electronic appliances, utensils and glassware in the kitchen.
Partly Furnished
View(s) Blocked 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.
฿8,040/mo
Listed By
Private Owner
Electricity Price N/A
Water Price N/A
Unit ID U77815

Price Analysis

Good Price
Estimated market value ฿24,349,305
Great
฿22,000,000
Good
Fair
Above
฿28,600,000
Current asking Price: ฿23,000,000 | Rental estimate: ฿104,000/mo
This condo is ฿1,349,305 BELOW MARKET (-6%) 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.
฿8,040/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.
18
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 3 bedroom condos at The Lanai Sathorn, and the current sales price.
5%

Project Details

Project Name: The Lanai Sathorn
Developer: N/A
Construction: Completed (Dec 2005)
Floors: 8
Buildings: N/A
Units: 34
Project Area: 2,268 SqM
Nearest Landmark Khlong Toei MRT - 1.2 Km
Location: Chong Nonsi, Bangkok
The Lanai Sathorn Project Details

Project Features

Communal Pool Communal Pool
Communal Gym Communal Gym
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Car Parking Car Parking
Steam Room Steam Room
Sauna Sauna
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Available Units at The Lanai Sathorn

For Sale 5 For Rent 4
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Frequently Asked Questions

No pets are allowed at The Lanai Sathorn 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 ฿30 per square meter based on the size of indoor area of the property and is ฿8,040 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.
Khlong Toei MRT is the nearest MRT Station from The Lanai Sathorn and it is 1.2 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 Lanai Sathorn 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
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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
There is peace, livable, and a good environment.
Fabien A., France, 6 years ago
For those who like convenient transportation, close to public transport such as Khlong Toei MRT and close to various facilities, I would recommend this project. I’m impressed as it’s close to many facilities which are suitable for my lifestyle. The Lanai Sathorn is very convenient to travel both by private car and public transport as it takes just a few minutes to various locations such as Central Rama 3, Tesco Lotus Rama 3, Bangkok Christian Hospital, and St. Joseph Convent School. This condo is located in the heart of the city. Also, it’s near various restaurant, and convenience stores. The room comes with full furniture. The facilities were well suited to my needs. I rented this condo, 2 bedrooms, very suitable for me as there is a spacious living area for everyday life.
Bangkok
Chong Nonsi

Neighborhood Overview

Location and Neighborhood

Street View

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Monthly Rentals
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