Studio Condo for sale at Park Royal 2

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Nong Prue, Pattaya, Chon Buri

Unit ID: U1043508

9% Rental Yield

Studio Bedroom

1 Bathroom

45.76 SqM Size

2 Floor

May 2011 Completed

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Sale Price

฿1,540,000

Great Price

About This Condo

This property is a 45.76 SqM studio condo with 1 bathroom that is available for sale. It is part of the Park Royal 2 project in Nong Prue, Pattaya and was completed in May 2011. You can buy this condo for a base price of ฿1,540,000 (฿33,654/SqM).

Nearby :

Pattaya-Jomtien Baht Bus Route: 3-Minutes (Walking).
Pratumnak Hill Park & Jogging Track: 3-Minutes (Walking).
Pattaya Beach & Royal Garden Shopping Center: 5-Minutes (Car).
Central Festival Shopping Center: 7-Minutes (Car).
Bali-Hai Pier & Walking Street: 8-Minutes (Walking).
Pattaya International Hospital: 9-Minutes (Car).
Terminal 21 Shopping Center: 11-Minutes (Car).

Features

Microwave

Basic Information

Date Listed Nov 22, 2021

Updated 10 months ago

Property Type Condo

Floor 2

Bedroom Studio

Size 45.76 SqM

Price per SqM ฿33,654

Pets Not Allowed

Condo Ownership

Thai Quota

Furniture

Fully Furnished

View(s) Garden View

Unit Type N/A

Building N/A

CAM Fee

฿1,830/mo

Listed By

Broker Network

Electricity Price N/A

Water Price N/A

Unit ID U1043508

Price Analysis

Great Price

Estimated market value ฿2,372,948

Great

Good

Fair

Above

Current asking Price: ฿1,540,000 | Rental estimate: ฿11,700/mo

This condo is ฿832,948 BELOW MARKET (-35%) 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.

Investment Opportunity: Charges & Yield

Sale Price

฿1,540,000

CAM Fee

฿1,830/mo

Price-to-Rent Ratio

Rental Yield

Project Details

Project Name: Park Royal 2

Developer: Vistas Development Co., Ltd

Construction: Completed (May 2011)

Floors: 8

Buildings: 1

Units: 85

Project Area: 1,200 SqM

Nearest Landmark Cozy Beach - 1.2 Km

Location: Nong Prue, Pattaya

Park Royal 2 Project Details

Project Features

Communal Pool

Communal Gym

24H Security

CCTV (Video Surveillance)

Car Parking

Reception / Lobby Area

Popular Facilities at Park Royal 2

Communal Pool

Rooftop
Communal Gym

Rooftop

Available Units at Park Royal 2

For Sale 4 For Rent 1

All
Studio

Fully Furnished Sea View

Foreign Quota Fully Furnished

Thai Quota Fully Furnished Garden View

Thai Quota Fully Furnished Park View

Get notified when new homes are being added to Park Royal 2

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Frequently Asked Questions

No pets are allowed at Park Royal 2 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 ฿40 per square meter based on the size of indoor area of the property and is ฿1,830 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.

Cozy Beach is the nearest Beach from Park Royal 2 and it is 1.2 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.