3 Bedroom Villa for sale at Mono Loft House Koh Keaw

(2 Reviews)
Ko Kaeo, Phuket Town,Phuket
Unit ID: U285431
9% Rental Yield
3 Bedrooms
3 Bathrooms
161.20 SqM Indoor Area
2 Storeys
Dec 2018 Completed

About This Villa

This property is a 161.20 SqM villa with 3 bedrooms and 3 bathrooms that is available for sale. It is part of the Mono Loft House Koh Keaw project in Ko Kaeo, Phuket and was completed in Dec 2018. You can buy this villa for a base price of ฿7,010,000 (฿43,486/SqM).

Features

Private PoolPrivate Pool Private GardenPrivate Garden TerraceTerrace Covered ParkingCovered Parking

Basic Information

Date Listed Feb 3, 2020
Updated 3 years ago
Property Type Villa
Storeys 2
Location Ko Kaeo, Phuket
Bedrooms 3
Nearest Landmark Cape Yamu Beach -5.7 Km
Indoor Area 161.20 SqM
Price per SqM ฿43,486
Outdoor Area
This is the combined size of the terrace, pool, parking area, and sala. It does not include the size of the garden.
63 SqM
Plot Size 160 SqM
Pets Cats and Dogs (all sizes)
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, Leasehold
Land Title Deed N/A
Construction Completed (Dec 2018)
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 Pool Loft
Parking Spots 2
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.
฿1,500/mo
Listed By
Developer
Electricity Price N/A
Water Price N/A
Unit ID U285431

Price Analysis

Good Price
Estimated market value ฿7,191,382
Great
฿6,650,000
Good
Fair
Above
฿7,220,000
Current asking Price: ฿7,010,000 | Rental estimate: ฿51,200/mo
This villa is ฿181,382 BELOW MARKET (-3%) 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.
฿1,500/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.
11
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 villas at Mono Loft House Koh Keaw, and the current sales price.
9%

Project Details

Project Name: Mono Loft House Koh Keaw
Construction: Completed (Dec 2018)
Units: 95
Project Area: 24,228 SqM
Nearest Landmark Cape Yamu Beach - 5.7 Km
Location: Ko Kaeo, Phuket
Mono Loft House Koh Keaw Project Details

Project Features

Communal Gym Communal Gym
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Communal Garden Area Communal Garden Area

Popular Facilities at Mono Loft House Koh Keaw

  • Communal Gym
    2nd Floor
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Payment Plan

Term of Payment
Installment Milestone Payment
Reservation Deposit
Immediately
2%
1st Installment
Upon contract signing
48%
2nd Installment
On handover
50%

Frequently Asked Questions

Dogs, cats and small pets like rabbits, hamsters and guinea pigs are allowed at Mono Loft House Koh Keaw.
The common area maintenance fee for properties at Mono Loft House Koh Keaw is a fixed amount of ฿1,500. This amount 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 Mono Loft House Koh Keaw the required payment for the sinking fund is a fixed amount of ฿15,000.
Cape Yamu Beach is the nearest Beach from Mono Loft House Koh Keaw and it is 5.7 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 Mono Loft House Koh Keaw you have to follow these steps:

  • - Agreement of terms and conditions
  • - Reservation Agreement
  • - Reservation Deposit
  • - Sales and Purchase Agreement
  • - Settlement & Transfer
Term of Payment
Installment Milestone Payment
Reservation Deposit
Immediately
2%
1st Installment
Upon contract signing
48%
2nd Installment
On handover
50%


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

4.8 out of 5
Based on
2 Reviews
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Japanese style house
Yumi Yamamoto, Japan, 3 years ago
I really love the house design in this project in Japanese style. It really gives a sense of Japan, decorated with simplicity which looks minimalist. The house has 3 bedrooms and a car park, suitable as a home for a small family because the space is quite limited. As there is not a large outdoor area, it’s not recommended for pets. The location is excellent, close to the British International School and in front of the village there are many food shops. Traveling is also convenient, and there is a large park near the village that is good for exercise and very shady too!
Great house with unique design
Becky Meyer, Finland, 4 years ago
I decided to buy a 3-bedroom single house in this project. The house size is okay, and the design is so unique, making me feel like being in a Japanese home. The house focuses on using earth tone colors soothing to the eyes. The location is near Thepkasattri Road, making it easy to travel anywhere. This place is also in a residential area with restaurants and convenience stores nearby, which is very convenient.
Phuket
Ko Kaeo

Neighborhood Overview

Location and Neighborhood

Street View

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