3 Bedroom Villa for sale at The Residence

 (Write Review)
Thep Krasattri, Thalang,Phuket
Unit ID: U1818406
11% Rental Yield
3 Bedrooms
4.5 Bathrooms
352 SqM Indoor Area
3 Storeys
Apr 2022 Completed

About This Villa

This property is a 352 SqM villa with 3 bedrooms and 4.5 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 ฿23,000,000 (฿65,341/SqM).

Luxury 3-storey spacious villa ready to move Bangtao

Luxurious 3-story spacious villa with turnkey finishing is for sale in The Residence by Andaman in Phuket. Modern interior design. Fully furnished and equipped with all necessary appliances. Ready for move-in. The residential area includes common facilities (the developer will build a common pool and recreational area in 2025). • Area: 350 sqm • Premium real estate • Lounge area with indoor pool • Panoramic windows • Second light • High-quality decor • Kitchen with living room on 2 floors • 3 bedrooms • 3 bathrooms, each with a bathtub • 5 toilets • Walk-in closets • Wine cellar • Air conditioning • Prestigious neighborhood • Located near the most prestigious area of Phuket - Laguna • Free private parking • 10 minutes to the beach and sea.

Features

Private PoolPrivate Pool Private GardenPrivate Garden TerraceTerrace Covered ParkingCovered Parking BalconyBalcony Outdoor ShowersOutdoor Showers Full Western KitchenFull Western Kitchen BathtubBathtub MicrowaveMicrowave OvenOven TVTV

Basic Information

Date Listed May 8, 2024
Updated 1 week 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 ฿65,341
Outdoor Area
This is the combined size of the terrace, pool, parking area, and sala. It does not include the size of the garden.
20 SqM
Plot Size 187 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
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.

Leasehold
Land Title Deed Chanote
Construction Completed (Apr 2022)
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) Pool View, Garden View
Unit Type N/A
Parking Spots 1
Pool Size 10*3
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.
฿1,647,470/mo
Listed By
Private Owner
Electricity Price N/A
Water Price N/A
Unit ID U1818406

Investment Opportunity: Charges & Yield

Sale Price
฿23,000,000
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.
฿1,647,470/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

Available Units at The Residence

For Sale 5 For Rent 4
Get notified when new homes are being added to The Residence
View All (5)

Loan Calculator

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 ฿1,647,470 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
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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Phuket
Thep Krasattri

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby The Residence

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Number of units
Sales Prices
Monthly Rentals
Year Built
Completion Status
Project Name
Location
Number of units
Sales Prices
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Year Built
Completion Status
Location
Thep Krasattri, Thalang, Phuket
Number of units
28
Sales Prices
฿25.4M - ฿25.8M
Monthly Rentals
N/A
Year Built
Jan 2025
Completion Status
Off Plan
Project Name
The Trinity Prime
Location
Thep Krasattri, Thalang, Phuket
Number of units
8
Sales Prices
฿45.6M - ฿46M
Monthly Rentals
N/A
Year Built
Jan 2025
Completion Status
Off Plan
Location
Thep Krasattri, Thalang, Phuket
Number of units
59
Sales Prices
฿4.8M - ฿9.9M
▲ 8% overpriced
Monthly Rentals
฿30K - ฿100K
Year Built
Jan 2018
Completion Status
Completed
Project Name
Ananda Lake View
Location
Thep Krasattri, Thalang, Phuket
Number of units
183
Sales Prices
฿3.98M - ฿18.9M
▼ -4.8% underpriced
Monthly Rentals
฿40K - ฿88K
Year Built
Dec 2018
Completion Status
Completed
Location
Thep Krasattri, Thalang, Phuket
Number of units
16
Sales Prices
฿30M - ฿40.4M
Monthly Rentals
N/A
Year Built
Jan 2025
Completion Status
Off Plan
Project Name
Baan Kanjanaville
Location
Thep Krasattri, Thalang, Phuket
Number of units
26
Sales Prices
฿3.9M
Monthly Rentals
N/A
Year Built
Jan 2013
Completion Status
Completed
Location
Thep Krasattri, Thalang, Phuket
Number of units
16
Sales Prices
฿33M
▼ -12.5% underpriced
Monthly Rentals
฿250K - ฿280K
Year Built
Feb 2020
Completion Status
Completed
Location
Thep Krasattri, Thalang, Phuket
Number of units
193
Sales Prices
฿3.5M
Monthly Rentals
฿28K
Year Built
Mar 2020
Completion Status
Completed
Project Name
Ketthawa Villa
Location
Thep Krasattri, Thalang, Phuket
Number of units
7
Sales Prices
฿23.5M - ฿27M
Monthly Rentals
N/A
Year Built
Jan 2023
Completion Status
Completed
Location
Thep Krasattri, Thalang, Phuket
Number of units
65
Sales Prices
฿34.1M - ฿59M
Monthly Rentals
N/A
Year Built
Nov 2023
Completion Status
Completed
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