3 Bedroom Villa for sale at The Residence

 (Write Review)
Thep Krasattri, Thalang,Phuket
Unit ID: U1041558
11% Rental Yield
3 Bedrooms
3 Bathrooms
352.41 SqM Indoor Area
3 Storeys
Apr 2022 Completed

About This Villa

This property is a 352.41 SqM villa with 3 bedrooms and 3 bathrooms that is available for sale. It is part of the The Residence project in Thep Krasattri, Phuket and was completed in Apr 2022. You can buy this villa for a base price of ฿22,841,700 (฿64,816/SqM).

Features

Private PoolPrivate Pool Private GardenPrivate Garden TerraceTerrace Covered ParkingCovered Parking

Basic Information

Date Listed Nov 12, 2021
Updated N/A
Property Type Villa
Storeys 3
Location Thep Krasattri, Phuket
Bedrooms 3
Nearest Landmark Bang Tao Beach -3.5 Km
Indoor Area 352.41 SqM
Price per SqM ฿64,816
Outdoor Area
This is the combined size of the terrace, pool, parking area, and sala. It does not include the size of the garden.
62.84 SqM
Plot Size 195.43 SqM
Pets All Kind of Pets 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, Leasehold
Land Title Deed N/A
Construction Completed (Apr 2022)
Furniture
Built-ins are any items that do not leave the property but remain a part of the permanent structure of a home. This includes any type of permanent appliances, cabinetry, furniture that’s built into the home, such as shelving or benches, and other attached items.
Built In
View(s) Garden View
Unit Type Type R
Parking Spots 2
Pool Size 26.28 sqm
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.
฿1,721,738/mo
Listed By
Developer
Electricity Price N/A
Water Price N/A
Unit ID U1041558

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.
฿1,721,738/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.
9
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 The Residence, and the current sales price.
11%

Project Details

Project Name: The Residence
Construction: Completed (Apr 2022)
Units: 24
Project Area: 8,770 SqM
Nearest Landmark Bang Tao Beach - 3.5 Km
Location: Thep Krasattri, Phuket
The Residence Project Details

Project Features

Communal Pool Communal Pool
Communal Gym Communal Gym
Clubhouse Clubhouse
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Reception / Lobby Area Reception / Lobby Area

Popular Facilities at The Residence

  • Communal Pool
    1st Floor
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Available Units at The Residence

For Sale 4 For Rent 4
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Payment Plan

Installment Milestone Payment
Reservation Deposit
Immediately
฿20,000
1st Installment
Upon contract signing
30%
2nd Installment
Super Structure
30%
3rd Installment
Topping Out
20%
4th Installment
On handover
20%

Frequently Asked Questions

All kind of pets are allowed at The Residence including dogs, cats, rabbits, hamsters, guinea pigs, birds, and reptiles.
The common area maintenance fee is ฿8,810 per square meter based on the plot size of the property and is ฿1,721,738 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 Residence the required payment for the sinking fund is ฿176,205 per square meter based on the size of the plot size of the property.
Bang Tao Beach is the nearest Beach from The Residence 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 Residence 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
฿20,000
1st Installment
Upon contract signing
30%
2nd Installment
Super Structure
30%
3rd Installment
Topping Out
20%
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
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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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Phuket
Thep Krasattri

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby The Residence

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Number of units
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Location
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Number of units
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Number of units
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Number of units
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Sales Prices
฿27M - ฿36.9M
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Year Built
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Completion Status
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Location
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Number of units
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Sales Prices
฿33M
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Monthly Rentals
฿250K - ฿280K
Year Built
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Completion Status
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Location
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Number of units
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Sales Prices
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Monthly Rentals
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Year Built
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Completion Status
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Project Name
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Location
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Number of units
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Sales Prices
฿23.5M - ฿27M
Monthly Rentals
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Year Built
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Completion Status
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