5 Bedroom Villa for sale at Lakewood Hills Villa

(1 Review)
Choeng Thale, Thalang,Phuket
Unit ID: U163669
5% Rental Yield
5 Bedrooms
5 Bathrooms
360 SqM Indoor Area
2 Storeys
May 2002 Completed

About This Villa

This property is a 360 SqM villa with 5 bedrooms and 5 bathrooms that is available for sale. It is part of the Lakewood Hills Villa project in Choeng Thale, Phuket and was completed in May 2002. You can buy this villa for a base price of ฿30,000,000 (฿83,333/SqM) and it is also available for long term rentals starting from ฿120,000 per month.

Spacious pool villa with gorgeous views

Spacious villa located on a hill overlooking the Lagoon, we offer our guests more than 400 square meters of tastefully equipped interior space. Large open-plan living room with 42-inch satellite TV and a wireless stereo system and dining area adjacent to the living room. Four large, beautifully furnished bedrooms, each with its own bathroom. The master bedroom bathroom has a Jacuzzi. The pool sunbathing area is equipped with sun loungers and a shower. The second outdoor dining area is equipped with a gas grill. Wireless internet throughout the villa. The rental price includes gardening services, daily cleaning of the villa, linen and towels changed twice a week, pool cleaning. When renting more than 7 days, a transfer from the airport and back is provided. On the territory of the complex there is a tennis court, a 210m2 public pool, a club house, an additional barbecue area, 24-hour security.

Features

Private PoolPrivate Pool Private GardenPrivate Garden TerraceTerrace Covered ParkingCovered Parking BalconyBalcony Full Western KitchenFull Western Kitchen OvenOven TVTV

Basic Information

Date Listed Feb 11, 2020
Updated 3 years ago
Property Type Villa
Storeys 2
Location Choeng Thale, Phuket
Bedrooms 5
Nearest Landmark Laguna Beach -2.3 Km
Indoor Area 360 SqM
Price per SqM ฿83,333
Outdoor Area
This is the combined size of the terrace, pool, parking area, and sala. It does not include the size of the garden.
N/A
Plot Size 1,120 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.

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.

Company
Land Title Deed N/A
Construction Completed (May 2002)
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) Mountain View, Park View, Pool View, Garden View
Unit Type N/A
Parking Spots 2
Pool Size N/A
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.
฿23,000/mo
Listed By
Each listing provided by partnered agents is individually verified by FazWaz. Partner Agents work for different brokerages or property management companies but have teamed up with FazWaz so that we can provide you a wider choice of properties
Agent / Partner
Electricity Price N/A
Water Price N/A
Unit ID U163669

Price Analysis

Great Price
Estimated market value ฿40,137,874
Great
฿33,400,000
Good
Fair
Above
฿56,500,000
Current asking Price: ฿30,000,000 | Advertised rental rate: ฿120,000/mo
This villa is ฿10,137,874 BELOW MARKET (-25%) 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.
฿23,000/mo
Rent
฿120,000/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.
21
Rental Yield
This is the gross rental yield. To calculate this figure we use the advertised monthly rent rate (for a 1-year contract) and the current sales price.
5%

Project Details

Project Name: Lakewood Hills Villa
Construction: Completed (May 2002)
Units: 19
Project Area: N/A
Nearest Landmark Laguna Beach - 2.3 Km
Location: Choeng Thale, Phuket
Lakewood Hills Villa Project Details

Project Features

Hotel Managed Hotel Managed
On Site Restaurant On Site Restaurant
Clubhouse Clubhouse
24H Security 24H Security
Car Parking Car Parking
Sauna Sauna
Reception / Lobby Area Reception / Lobby Area
Close
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Frequently Asked Questions

All kind of pets are allowed at Lakewood Hills Villa including dogs, cats, rabbits, hamsters, guinea pigs, birds, and reptiles.
Laguna Beach is the nearest Beach from Lakewood Hills Villa and it is 2.3 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 Lakewood Hills Villa 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

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

3 out of 5
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Nice villa with private pool.
Dotty Mysliwiec, Ireland, 4 years ago
We stayed here in the summer and chose a 5-bedroom villa. The villas are very large, which can live many people. The interior is private and quiet, providing everything we need, such as a private pool, a jacuzzi, and a BBQ grilled area. The bedroom is clean, and the kitchen has a full set of kitchen equipment. It makes us and our family convenient to cook every meal. The interior and exterior are spacious, which the winds can blow all day long. The house area is also full of greenery gardens, which the atmosphere in every morning is full of freshness. However, there will be a lot of insects and mosquitoes at night. You can't sit for a long time in the pool area because you might get a mosquito bite back. You also have to close the villa's door and window before dusk because there will be no insects disturbing during our sleep time. As for getting into the villa, it's easy to travel and not far from Cherngtalay. It is easily accessible to convenience stores and shopping centers. There are many restaurants to choose from. It is very convenient to come on vacation.
Phuket
Choeng Thale

Neighborhood Overview

Location and Neighborhood

Street View

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