3 Bedroom House for sale at Utopia Thalang

(1 Review)
Thep Krasattri, Thalang,Phuket
Unit ID: U468406
6% GUAR. RETURN FOR 3 YEARS
3 Bedrooms
2 Bathrooms
95.13 SqM Indoor Area
1 Storeys
Dec 2020 Completed

About This House

This property is a 95.13 SqM house with 3 bedrooms and 2 bathrooms that is available for sale. It is part of the Utopia Thalang project in Thep Krasattri, Phuket and was completed in Dec 2020. You can buy this house for a base price of ฿6,692,500 (฿70,351/SqM).

Features

Private GardenPrivate Garden Covered ParkingCovered Parking Corner UnitCorner Unit

Basic Information

Date Listed Mar 27, 2020
Updated 3 years ago
Property Type House
Storeys 1
Location Thep Krasattri, Phuket
Bedrooms 3
Nearest Landmark Nai Yang Beach -5.6 Km
Indoor Area 95.13 SqM
Price per SqM ฿70,351
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 136.20 SqM
Pets All Kind of Pets Allowed
House Ownership

Foreign nationals can own the building (house) 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 2020)
Furniture
Available for ฿600,000
View(s) Garden View
Unit Type 3BR
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.
฿2,378/mo
Listed By
Developer
Electricity Price Government Rate
Water Price Government Rate
Unit ID U468406

Price Analysis

Great Price
Estimated market value ฿7,577,469
Great
฿7,030,000
Good
Fair
Above
฿7,910,000
Current asking Price: ฿6,692,500
This house is ฿884,969 BELOW MARKET (-12%) in the Phuket area. It is analyzed against similar houses 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.
฿2,378/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.
17
Guaranteed Rental Return
6%
Guarantee Duration
3 Years

Project Details

Project Name: Utopia Thalang
Construction: Completed (Dec 2020)
Units: 129
Project Area: 20,800 SqM
Nearest Landmark Nai Yang Beach - 5.6 Km
Location: Thep Krasattri, Phuket
Utopia Thalang Project Details

Project Features

Communal Pool Communal Pool
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Indoor Kids Zone Indoor Kids Zone
Reception / Lobby Area Reception / Lobby Area
Communal Garden Area Communal Garden Area
Shuttle Bus Shuttle Bus

Popular Facilities at Utopia Thalang

  • Communal Pool
    1st Floor
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Payment Plan

Installment Milestone Payment
Reservation Deposit
Immediately
฿100,000
1st Installment
Upon contract signing
30%
2nd Installment
Construction Start
20%
3rd Installment
On completion
30%
4th Installment
On handover
20%

Frequently Asked Questions

All kind of pets are allowed at Utopia Thalang including dogs, cats, rabbits, hamsters, guinea pigs, birds, and reptiles.
The common area maintenance fee is ฿25 per square meter based on the size of indoor area of the property and is ฿2,378 for this house. 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 Utopia Thalang the required payment for the sinking fund is ฿500 per square meter based on the size of the indoor area of the property.
Utopia Thalang offers a guaranteed rental return of 6% (based on the purchase price of the property) for a duration of 3 Years.
Read more here.
Nai Yang Beach is the nearest Beach from Utopia Thalang and it is 5.6 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 Utopia Thalang 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
30%
2nd Installment
Construction Start
20%
3rd Installment
On completion
30%
4th Installment
On handover
20%


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 out of 5
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Japanese style villa Cost-effective
Aki Tanaka, Japan, 3 years ago
My wife and I decided to buy this villa to rent it out because it is close to the airport and Mai Khao Beach. It takes a few minutes to travel. Also, the project connects to Thepkrasattri Road, where we can easily access Phuket Town. We've been waiting for the project to complete now and have the villa we bought. It's a 2-bedroom villa. The exterior and interior are designed in Japanese style. The on-site includes a swimming pool, a public park, and a children's playground, giving a sense of living in Japan. Moreover, there are guards and security systems as well. I get many discounts on spa, restaurant, and booking residences from being a Utopia club member. Besides, I can receive a 6% guaranteed rental return for 3 years. It's very worthwhile and meets the needs of investors well. In general, I'm okay with this project and Japanese-style lovers. I want to recommend those who are looking for a villa for investment.
Phuket
Thep Krasattri

Neighborhood Overview

Location and Neighborhood

Street View

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