3 Bedroom Villa for sale at The Residence

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Thep Krasattri, Thalang,Phuket

Unit ID: U1625930

9% Rental Yield

Tenant-Occupied until Aug 31, 2026

3 Bedrooms

5 Bathrooms

352 SqM Indoor Area

3 Storeys

May 2023 Completed

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Sale Price

฿25,900,000

Street View

About This Villa

This property is a 352 SqM villa with 3 bedrooms and 5 bathrooms that is available for sale. It is part of the The Residence project in Thep Krasattri, Phuket and was completed in May 2023. You can buy this villa for a base price of ฿25,900,000 (฿73,580/SqM) and it is also available for long term rentals starting from ฿200,000 per month.

Features

Private Pool

Private Garden

Terrace

Covered Parking

Balcony

Wifi Included

Full Western Kitchen

Bathtub

Microwave

Oven

Cable TV

Truevision

Gardening Included

Pool Cleaning Included

Basic Information

Date Listed Jun 21, 2023

Updated 11 months ago

Property Type Villa (Single Detached)

Storeys 3

Location Thep Krasattri, Phuket

Bedrooms 3

Nearest Landmark: Bang Tao Beach -3.5 Km

Indoor Area 352 SqM

Price per SqM ฿73,580

Outdoor Area

187 SqM

Plot Size 568 SqM

Pets All Kind of Pets Allowed

Villa Ownership

N/A

Land Ownership

Thai Ownership

Land Title Deed Chanote

Construction Completed (May 2023)

Furniture

Fully Furnished

View(s) Pool View, Garden View, Unblocked Open View, Sky, Horizon View, Waterfall View

Unit Type N/A

Parking Spots 2

Pool Size N/A

CAM Fee

฿5,004,080/mo

Listed By

Private Owner

Electricity Price N/A

Water Price N/A

Unit ID U1625930

Investment Opportunity: Charges & Yield

Sale Price

฿25,900,000

CAM Fee

฿5,004,080/mo

Rent

฿200,000/mo

Price-to-Rent Ratio

Rental Yield

Project Details

Project Name: The Residence

Developer: Andaman Asset Solution Co., Ltd.

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 Gym

Clubhouse

24H Security

CCTV (Video Surveillance)

Reception / Lobby Area

Popular Facilities at The Residence

Communal Pool

1st Floor

Available Units at The Residence

Loan Calculator

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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 ฿5,004,080 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.

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%

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?

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.