4 Bedroom Villa for sale at The Lake House

(7 Reviews)
Si Sunthon, Thalang,Phuket
Unit ID: U70729
6% Rental Yield
4 Bedrooms
4 Bathrooms
276.20 SqM Indoor Area
1 Storeys
May 2020 Completed

About This Villa

This property is a 276.20 SqM villa with 4 bedrooms and 4 bathrooms that is available for sale. It is part of the The Lake House project in Si Sunthon, Phuket and was completed in May 2020. You can buy this villa for a base price of ฿26,995,000 (฿97,737/SqM).

Features

Private PoolPrivate Pool JacuzziJacuzzi Private GardenPrivate Garden TerraceTerrace Covered ParkingCovered Parking

Basic Information

Date Listed Mar 23, 2018
Updated 3 years ago
Property Type Villa
Storeys 1
Location Si Sunthon, Phuket
Bedrooms 4
Nearest Landmark Bang Tao Beach -2.8 Km
Indoor Area 276.20 SqM
Price per SqM ฿97,737
Outdoor Area
This is the combined size of the terrace, pool, parking area, and sala. It does not include the size of the garden.
166.52 SqM
Plot Size 732 SqM
Pets Not 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
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 (May 2020)
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.
Available for ฿1,500,000
View(s) Lake View, Pool View, Garden View, Blocked View
Unit Type N/A
Parking Spots 2
Pool Size 5.5m x 12m
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.
฿7,320/mo
Listed By
Developer
Electricity Price N/A
Water Price N/A
Unit ID U70729

Price Analysis

Great Price
Estimated market value ฿32,097,666
Great
฿31,500,000
Good
Fair
Above
฿33,900,000
Current asking Price: ฿26,995,000 | Rental estimate: ฿136,000/mo
This villa is ฿5,102,666 BELOW MARKET (-16%) 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.
฿7,320/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.
16
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 4 bedroom villas at The Lake House, and the current sales price.
6%

Project Details

Project Name: The Lake House
Construction: Completed (May 2020)
Units: 32
Project Area: 48,000 SqM
Nearest Landmark Bang Tao Beach - 2.8 Km
Location: Si Sunthon, Phuket
The Lake House Project Details

Project Features

Hotel Managed Hotel Managed
Communal Gym Communal Gym
Clubhouse Clubhouse
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Car Parking Car Parking
Reception / Lobby Area Reception / Lobby Area
Close
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This villa was reserved by another buyer but check out these similar properties

Available Units at The Lake House

For Sale 2 For Rent 9
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Payment Plan

The Lake House Phase IV
Installment Milestone Payment
Reservation Deposit
Immediately
฿200,000
1st Installment
Upon contract signing
30%
2nd Installment
On handover
70%

Frequently Asked Questions

All kind of pets are allowed at The Lake House including dogs, cats, rabbits, hamsters, guinea pigs, birds, and reptiles.
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 Lake House the required payment for the sinking fund is ฿100,000 per square meter based on the size of the indoor area of the property.
Bang Tao Beach is the nearest Beach from The Lake House and it is 2.8 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 Lake House you have to follow these steps:

  • - Agreement of terms and conditions
  • - Reservation Agreement
  • - Reservation Deposit
  • - Sales and Purchase Agreement
  • - Settlement & Transfer
The Lake House Phase IV
Installment Milestone Payment
Reservation Deposit
Immediately
฿200,000
1st Installment
Upon contract signing
30%
2nd Installment
On handover
70%


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

4.5 out of 5
Based on
7 Reviews
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Heaven on earth
Kyungtae Park, South Korea, 3 years ago
True heaven on earth. We spent our honeymoon at The Lake House. This is a beautiful pool villa in a quiet and very private atmosphere. The receptionist is very lovely. The villa is always fragrant and super clean. The villa is more than 200 square meters with a high ceiling. The bed is soft and comfortable to sleep. Very impressive, easy to access to Bang Tao Beach and Boat Avenue in about 10 minutes.
Like a small village
Verified Visitor, 3 years ago
I really like Lakeview because it gives the feeling of coming into a small village, it's very quiet and easy to relax.. and only about 10 minutes drive to Laguna shopping area and 15 minutes drive to BangTao beach
Great Pool Villa by the Lake !!!
Verified Visitor, 3 years ago
Lake House is a small low-density estate, secured 24/24, with a reception, fitness, and sauna. It is conveniently located only minutes away from popular Bang Tao and Layan beaches. It’s also within a 5 minutes driving distance to the vibrant entertainment district, the Boat Avenue and Villa Market shopping plaza, which offers local amenities from which to choose including boutique shops, European and Thai restaurants, Laguna golf course, newly opened Blue Tree Water Park and Central de Porto. Green and quiet residence with modern stylish villas with Thai and Balinese touches surrounding 2 lakes in the compound. The villas are professionally decorated with a high-quality finishing. All bedrooms have en-suite bathrooms with a Jacuzzi in the master’s one. The master bedroom is designed with an open layout that opens up to a private patio that features direct access to the pool and lake.
Private relaxing villa getaway
Verified Visitor, 3 years ago
I was surprised how big the land plots were! The units are beautiful with modern tropical interiors and large pools for the family. The villas surround a private lake in the middle of the complex which gives it a very peaceful calm atmosphere and on the plus there was a great breeze the whole time! Definitely would stay there for a getaway some time.
Private relaxing villa getaway
Test test, Visitor, 3 years ago
I was surprised how big the land plots were! The units are beautiful with modern tropical interiors and large pools for the family. The villas surround a private lake in the middle of the complex which gives it a very peaceful calm atmosphere and on the plus there was a great breeze the whole time! Definitely would stay there for a getaway some time.
Nice Villa
Ellen K., Norway, 4 years ago
Last holiday, I just visited my friend in Phuket, Thailand. So, I had a chance the stay here. I can say that this is one of the impressive trips as our villa has 3 bedrooms. It's very large with a private swimming pool. There is a large lake in the middle of the project that's so relaxing. Before I visit Phuket, my thought about the province was about the crowded area like Patong, so I didn't fancy coming here much. This place completely changed my mind as it's so peaceful, and it's easy to travel around. You can reach Boat Avenue in 5 mins by car where you can find many shops and restaurants. Also, it takes only 20 mins to the airport. From my country, I can get direct flights to Phuket, so I think I might come to Phuket more often.
Nice villa with 4 bedrooms and the staff is friendly.
Henrik Batch, Brazil, 5 years ago
The villas here have recently been completed and located not far from the Laguna Zone, surrounded by various residential areas and convenience stores. It’s 5 kilometers from Villa Market. If you stay here, I suggest that having a private car is more convenient because it is quite difficult to travel. Moreover, the village entrance is quite difficult to reach because it is in a deep alley !! However, the project design is perfect, and it is a one-story villa decorated in a tropical style that comes fully furnished. Moreover, with the hotel chain management, it provides excellent facilities !!
Phuket
Si Sunthon

Neighborhood Overview

Location and Neighborhood

Street View

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