Studio Condo for sale at Avenue Residence

(1 Review)
Nong Prue, Pattaya, Chon Buri
Unit ID: U164206
8% Rental Yield
Studio Bedroom
1 Bathroom
35 SqM Size
2 Floor
May 2010 Completed

About This Condo

This property is a 35 SqM studio condo with 1 bathroom that is available for sale. It is part of the Avenue Residence project in Nong Prue, Pattaya and was completed in May 2010. You can buy this condo for a base price of ฿2,290,000 (฿65,429/SqM) and it is also available for long term rentals starting from ฿15,000 per month.

Capture This Golden Opportunity: Own/Rent This 35 SqM Studio!

This 35 SqM studio condo is a charming addition to the Avenue Residence in Nong Prue, Chon Buri. Completed in May 2010 and move-in ready, it is the perfect property for buyers searching for a low-maintenance residence.Offering 1 bathroom, this condo is ideal for any individual who is looking to simplify their lifestyle. With the affordability and convenience of this property, owning or renting a studio of this caliber is an attractive option. The condo is available for purchase at ฿2,290,000 (฿65,429/SqM), and it is also available for long term rentals starting from ฿15,000 per month, making it a perfect opportunity for a new owner.The easy access to Nong Prue and Chon Buri provides plentiful amenities within walking distance of the property. From restaurants and shops to public transport, everything one needs is nearby.The sheer value of this property is a major perk for buyers. The minimal upkeep needed for the condo and the low cost associated is a major plus. The opportunity to rent or own a 35 SqM studio with 1 bathroom, at such a price and in such a market, is nothing short of amazing. Make the most of this golden opportunity and inquire today.

Features

BalconyBalcony

Basic Information

Date Listed May 30, 2019
Updated 3 years ago
Property Type Condo
Floor 2
Bedroom Studio
Size 35 SqM
Price per SqM ฿65,429
Pets Not Allowed
Condo Ownership

Foreign nationals can be freehold owners of condominium units, in buildings where not more than 49% of the unit floor space is owned by foreigners. Units that are part of the Thai quota or are being leased for 30 years can be converted to the foreign freehold quota if that is currently below 49%.

Company
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
Unit Type N/A
Building 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.
฿1,050/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 U164206

Price Analysis

Great Price
Estimated market value ฿3,113,208
Great
฿2,380,000
Good
Fair
Above
฿4,450,000
Current asking Price: ฿2,290,000 | Advertised rental rate: ฿15,000/mo
This condo is ฿823,208 BELOW MARKET (-26%) in the Pattaya area. It is analyzed against similar condos 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

Sale Price
฿2,290,000
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.
฿1,050/mo
Rent
฿15,000/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.
13
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.
8%

Project Details

Project Name: Avenue Residence
Developer: Nova Group
Construction: Completed (May 2010)
Floors: 8
Buildings: 1
Units: 228
Project Area: N/A
Nearest Landmark South Pattaya Beach - 0.4 Km
Location: Nong Prue, Pattaya
Avenue Residence Project Details

Project Features

Communal Pool Communal Pool
Jacuzzi Jacuzzi
Communal Gym Communal Gym
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Car Parking Car Parking
Sauna Sauna
Reception / Lobby Area Reception / Lobby Area
Communal Garden Area Communal Garden Area
Key card access Key card access

Popular Facilities at Avenue Residence

  • Communal Pool
    Ground Floor
  • Communal Gym
    Ground Floor

Available Units at Avenue Residence

For Sale 5 For Rent 12
Get notified when new homes are being added to Avenue Residence
View All (5)

Loan Calculator

Frequently Asked Questions

No pets are allowed at Avenue Residence 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 is ฿30 per square meter based on the size of indoor area of the property and is ฿1,050 for this condo. 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.
South Pattaya Beach is the nearest Beach from Avenue Residence and it is 0.4 km away.

Foreigners can own a condominium Freehold in their own name. Condominium ownership is best explained by looking at an example of a project that has 100 units for sale.

In this example, 49 of the total units in this building (or 49% of the total salable area) can be owned outright by non-thai nationals in their name.  The ownership titles of these 49 units is referred to as Freehold or Foreign Quota. 

This leaves 51 units remaining in the building (or 51% of the total salable). The freehold rights to these units are reserved for Thai nationals in what is commonly referred to as the Thai quota.

 

Read more here

After you have found the right property at Avenue Residence you have to follow these steps:

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

 


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

4.8 out of 5
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Location quite near the busy city
Verified Visitor, 2 years ago
Nice room, beautifuly location and a nice pool as well. Everthing was clean and I would come over next time.
Pattaya
Nong Prue

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby Avenue Residence

Location
Number of units
Sales Prices
Monthly Rentals
Year Built
Completion Status
Project Name
Location
Number of units
Sales Prices
Monthly Rentals
Year Built
Completion Status
Location
Nong Prue, Pattaya, Chon Buri
Number of units
380
Sales Prices
฿1.94M - ฿5.3M
▼ -13% underpriced
Monthly Rentals
฿11K - ฿25K
Year Built
Sep 2015
Completion Status
Completed
Location
Nong Prue, Pattaya, Chon Buri
Number of units
158
Sales Prices
฿3.5M - ฿12.8M
▼ -28% underpriced
Monthly Rentals
฿15.5K - ฿50K
Year Built
Jun 2009
Completion Status
Completed
Location
Nong Prue, Pattaya, Chon Buri
Number of units
788
Sales Prices
฿3.7M - ฿6.16M
▼ -4.7% underpriced
Monthly Rentals
฿16K - ฿30K
Year Built
Jun 2018
Completion Status
Completed
Location
Nong Prue, Pattaya, Chon Buri
Number of units
366
Sales Prices
฿3.6M - ฿10M
▼ -9.1% underpriced
Monthly Rentals
฿13K - ฿35K
Year Built
Nov 2010
Completion Status
Completed
Project Name
The Pride
Location
Nong Prue, Pattaya, Chon Buri
Number of units
79
Sales Prices
฿4.4M - ฿4.7M
▼ -14% underpriced
Monthly Rentals
฿26K
Year Built
Jul 2009
Completion Status
Completed
Location
Nong Prue, Pattaya, Chon Buri
Number of units
N/A
Sales Prices
฿2.89M - ฿5.7M
▼ -25.5% underpriced
Monthly Rentals
N/A
Year Built
Nov 1992
Completion Status
Completed
Location
Nong Prue, Pattaya, Chon Buri
Number of units
603
Sales Prices
฿4.2M - ฿6.49M
▼ -3.3% underpriced
Monthly Rentals
฿24K - ฿38.5K
Year Built
Oct 2021
Completion Status
Completed
Project Name
Center Condotel
Location
Nong Prue, Pattaya, Chon Buri
Number of units
520
Sales Prices
฿3.9M
Monthly Rentals
฿20K
Year Built
Nov 1990
Completion Status
Completed
Location
Nong Prue, Pattaya, Chon Buri
Number of units
1112
Sales Prices
฿3.15M - ฿8.2M
▲ 5.3% overpriced
Monthly Rentals
฿14K - ฿45K
Year Built
Apr 2016
Completion Status
Completed
Location
Nong Prue, Pattaya, Chon Buri
Number of units
9
Sales Prices
฿36M
Monthly Rentals
N/A
Year Built
N/A
Completion Status
Completed
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