4 Bedroom Villa for sale at The Lantern

(1 Review)

Ko Kaeo, Phuket Town,Phuket

Unit ID: U25744

7% Rental Yield

Tenant-Occupied until Feb 10, 2025

4 Bedrooms

5 Bathrooms

450 SqM Indoor Area

4 Storeys

Jun 2008 Completed

(1 Review)

Sale Price

฿14,500,000

Great Price

About This Villa

This property is a 450 SqM villa with 4 bedrooms and 5 bathrooms that is available for sale. It is part of the The Lantern project in Ko Kaeo, Phuket and was completed in Jun 2008. You can buy this villa for a base price of ฿14,500,000 (฿32,222/SqM) and it is also available for long term rentals starting from ฿80,000 per month.

Live Your Dream in a Spectacular 450 SqM Villa in Ko Kaeo, Phuket!

Do you want to be the proud owner of a spectacular villa in one of the most sought-after locations in Phuket? Then look no further, as this 450 SqM villa situated in Ko Kaeo is just the property you have been dreaming of!Complete and ready to be moved into, this villa has 4 bedrooms and 5 bathrooms, making it the perfect home away from home - or forever home - for anyone looking to buy. Part of the esteemed ‘The Lantern' project, this villa has been designed to the highest of standards and with impeccable attention to detail. Freshly completed in Jun 2008, it also features the latest in stylistic and practical home design, ensuring a mesmerising experience for guests and inhabitants alike.The price for this idyllic villa has been set at ฿14,500,000 (฿32,222/SqM), an amazing offer given the amazing quality and the unparalleled location. As an added bonus, long term rentals are also available, starting from ฿53,358 per month.If your heart and mind are set on purchasing a luxurious villa in Phuket at a reasonable price, this is the ideal opportunity for you to start your search! All you need do is get in touch with us and arrange a viewing, and you will surely fall in love with this magical property.

Features

Media Room/Cinema

Private Lift

Private Pool

Jacuzzi

Rooftop Terrace

Private Garden

Terrace

Covered Parking

Corner Unit

Balcony

Wifi Included

Full Western Kitchen

Bathtub

Fully Renovated

Washing Machine

Microwave

Oven

Basic Information

Date Listed Mar 21, 2023

Updated 4 months ago

Property Type Villa

Storeys 4

Location Ko Kaeo, Phuket

Bedrooms 4

Nearest Landmark Cape Yamu Beach -5.5 Km

Indoor Area 450 SqM

Price per SqM ฿32,222

Outdoor Area

N/A

Plot Size 248 SqM

Pets Not Allowed

Villa Ownership

Foreign Ownership

Land Ownership

Leasehold

Land Title Deed Chanote

Construction Completed (Jun 2008)

Furniture

Fully Furnished

View(s) Mountain View, City View, Pool View, Garden View

Unit Type N/A

Parking Spots 2

Pool Size 10m x 2m

CAM Fee

฿5,000/mo

Listed By

Private Owner

Electricity Price N/A

Water Price N/A

Unit ID U25744

Price Analysis

Great Price

Estimated market value ฿24,771,058

Great

Good

Fair

Above

Current asking Price: ฿14,500,000 | Advertised rental rate: ฿80,000/mo

This villa is ฿10,271,058 BELOW MARKET (-41%) 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.

Investment Opportunity: Charges & Yield

Sale Price

฿14,500,000

CAM Fee

฿5,000/mo

Rent

฿80,000/mo

Price-to-Rent Ratio

Rental Yield

Project Details

Project Name: The Lantern

Developer: N/A

Construction: Completed (Jun 2008)

Units: 16

Project Area: N/A

Nearest Landmark Cape Yamu Beach - 5.5 Km

Location: Ko Kaeo, Phuket

The Lantern Project Details

Project Features

Communal Pool

Jacuzzi

24H Security

Car Parking

Available Units at The Lantern

For Sale 1 For Rent 12

All
4 Beds

Fully Furnished Mountain View

Get notified when new homes are being added to The Lantern

View All (1)

Loan Calculator

Frequently Asked Questions

No pets are allowed at The Lantern unless specifically permitted by the juristic office. Exceptions can be made for service or guide dogs for persons with disabilities.

The common area maintenance fee for properties at The Lantern is a fixed amount of ฿5,000. This amount 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.

Cape Yamu Beach is the nearest Beach from The Lantern and it is 5.5 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 Lantern you have to follow these steps:

- Agreement of terms and conditions
- Reservation Agreement
- Reservation Deposit
- Sales and Purchase Agreement
- Settlement & Transfer

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

Reviews

4.8 out of 5

Based on

1 Review

Maintenance

Staff / Security

Facilities on Site

Quality of Finishing

Value for Money

Location

+ Write a review

Nice place located in the heart of the city.

Titova Titov, Russia, 4 years ago

My husband and I bought this house because of the location. There are many restaurants and convenience stores nearby. The villa itself made me feel fully rested. The house is very spacious, can accommodate 5-6 members as they feature modern 4 bedrooms and all the necessary equipment. There is a lovely private swimming pool outside. The kitchen is also fully equipped. Living room is decorated with modern quality furniture sets. Moreover, the living area is also surrounded by glass windows that bring natural light that makes me feel comfortable. There is a large car park for 3 cars plus a 24-hour security system. So I think it is worth the price. So impressed!

Phuket

Ko Kaeo