Studio Condo for sale at Avenue Residence

(1 Review)
Nong Prue, Pattaya, Chon Buri
Unit ID: U36366
7% Rental Yield
Tenant-Occupied until Jul 1, 2024
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 ฿2,350,000 (฿67,143/SqM) and it is also available for long term rentals starting from ฿13,000 per month.

Seize the Chance - Live Luxuriously & Comfortably in Nong Prue, Chon Buri

Aspiring property owners will be excited to discover the perfect opportunity for living in Nong Prue, Chon Buri at the Avenue Residence project. Stylishly fitted in May of 2010, this 35 SqM studio condo is the ideal place to call home. With 1 bathroom and a welcoming layout, every dream of a comfortable and stylish home can come true.This studio condo is a highly sought-after property with a base price of ฿2,350,000 (฿67,143/SqM). Aspiring owners can come to expect all the amenities and care taken while constructing this condo, to ensure they get the most out of their investment. Moreover, due to its convenient location, the condo is also available for distinguished long term rentals starting from ฿11,000 per month. This studio condo emanates an inviting atmosphere that entices potential buyers, providing dream-like surroundings that combine luxuriousness with convenience. Any potential owner will be able to reap the benefits of being in an enviable location, with proximity to all of Chon Buri's amazing attractions such as beaches, restaurants, shopping and nightlife. As for amenities, the Avenue Residence project offers its guests and owners a host of attractive features. With spacious common areas and close proximity to other residences, this condo is designed with the perfect ingredients for gaining a feeling of security, while still providing a sense of freedom. Entrepreneurs and young professionals who have investments in mind will find this condo extremely desirable, allowing them to truly make the most out of their purchase. Class, comfort and convenience all in one, this studio condo is a perfect choice. If you have any interest in this opportunity, please contact us and enquire on this delightful condo.

Features

BalconyBalcony

Basic Information

Date Listed May 12, 2024
Updated 1 week ago
Property Type Condo
Floor 2
Bedroom Studio
Size 35 SqM
Price per SqM ฿67,143
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%.

Foreign Quota
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
Private Owner
Electricity Price N/A
Water Price N/A
Unit ID U36366

Price Analysis

Great Price
Estimated market value ฿2,726,587
Great
฿1,570,000
Good
Fair
Above
฿3,360,000
Current asking Price: ฿2,350,000 | Advertised rental rate: ฿13,000/mo
This condo is ฿376,587 BELOW MARKET (-14%) 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.
Powered by FazWaz AVM

Investment Opportunity: Charges & Yield

Sale Price
฿2,350,000
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
฿13,000/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.
15
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.
7%

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 4 For Rent 10
Get notified when new homes are being added to Avenue Residence
View All (4)

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
฿3M - ฿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
▼ -30% 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 - ฿6.18M
▼ -4.7% underpriced
Monthly Rentals
฿16K - ฿35K
Year Built
Jun 2018
Completion Status
Completed
Location
Nong Prue, Pattaya, Chon Buri
Number of units
366
Sales Prices
฿3.6M - ฿10M
▼ -7% 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
▼ -16% 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
▼ -28% underpriced
Monthly Rentals
N/A
Year Built
Nov 1992
Completion Status
Completed
Location
Nong Prue, Pattaya, Chon Buri
Number of units
603
Sales Prices
฿4.5M - ฿6.49M
▼ -16.5% underpriced
Monthly Rentals
฿24K - ฿38.5K
Year Built
Oct 2021
Completion Status
Completed
Location
Nong Prue, Pattaya, Chon Buri
Number of units
1112
Sales Prices
฿3.15M - ฿8.4M
▲ 2.9% overpriced
Monthly Rentals
฿14K - ฿45K
Year Built
Apr 2016
Completion Status
Completed
Location
Nong Prue, Pattaya, Chon Buri
Number of units
9
Sales Prices
฿29.9M
Monthly Rentals
N/A
Year Built
N/A
Completion Status
Completed
Location
Nong Prue, Pattaya, Chon Buri
Number of units
26
Sales Prices
฿17.7M - ฿27.2M
Monthly Rentals
N/A
Year Built
May 2025
Completion Status
Off Plan
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