Studio Condo for sale at Park Royal 2

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Nong Prue, Pattaya, Chon Buri
Unit ID: U23458
10% Rental Yield
Studio Bedroom
1 Bathroom
44 SqM Size
1 Floor
May 2011 Completed

About This Condo

This property is a 44 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 ฿1,850,000 (฿42,045/SqM) and it is also available for long term rentals starting from ฿15,000 per month.

Start a New Chapter: Park Royal 2 Studio for Sale and Rent

Perched atop the iconic Park Royal 2 development, this divine studio condo offers 44 SqM of regenerative residence for sale and long-term rentals. If you're in search of a tranquil lifestyle, commutable to Chon Buri's financial district, you'd be hard-pressed to find a more tantalizing property than this. Completed in May 2011, Park Royal 2 is the pinnacle of modern-day living and presents a plethora of amenities that render this condo a constantly unforgettable strip of real estate.This studio condo offers 1 bathroom, with a grand 42045 THB/sqm base price and the conveniences of both sale and rental opportunities. Start a new chapter of your story amidst the Nong Prue district, invigorated by the quiet serenity revitalizing this area. Here, you'll find yourself at the intersection of modern-day enthusiasm and timeless luxury. An invigorating community of similarly inspired dwellers occupy the grounds, meaning that socialization is as easy as it is delightful. Relinquish your sweltering preoccupations within the rejuvenating confines of your retreat, with the chilled atmosphere of nature's touch.Once your days come to an end and you're ready to retire, the Park Royal 2 befits you with the spacious, cozy calm of your own abode. With reasonable rental rates of 15,000 THB/month, you'll be presented with the sole opportunity to experience a heightened definition of life. Now is the time to start living. Don't miss out on this unique and exclusive transformation, contact us today for further information about this remarkable property.

Features

BalconyBalcony MicrowaveMicrowave TVTV

Basic Information

Date Listed Oct 10, 2022
Updated 1 year ago
Property Type Condo
Floor 1
Bedroom Studio
Size 44 SqM
Price per SqM ฿42,045
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%.

Thai 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) Park View, City 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.
฿1,760/mo
Listed By
Private Owner
Electricity Price N/A
Water Price N/A
Unit ID U23458

Investment Opportunity: Charges & Yield

Sale Price
฿1,850,000
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.
฿1,760/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.
10
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.
10%

Project Details

Project Name: Park Royal 2
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 Pool
Communal Gym Communal Gym
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Car Parking Car Parking
Reception / Lobby Area 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
Get notified when new homes are being added to Park Royal 2
View All (4)

Loan Calculator

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 ฿1,760 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.

 

Read more here

After you have found the right property at Park Royal 2 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
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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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Pattaya
Nong Prue

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby Park Royal 2

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
Project Name
Pattaya Heights
Location
Nong Prue, Pattaya, Chon Buri
Number of units
94
Sales Prices
฿2.3M - ฿5.95M
▼ -18% underpriced
Monthly Rentals
N/A
Year Built
Jun 2009
Completion Status
Completed
Location
Nong Prue, Pattaya, Chon Buri
Number of units
1207
Sales Prices
฿2.05M - ฿11.4M
▼ -13.1% underpriced
Monthly Rentals
฿8K - ฿35K
Year Built
Dec 2015
Completion Status
Completed
Location
Nong Prue, Pattaya, Chon Buri
Number of units
35
Sales Prices
฿5.5M
▼ -4% underpriced
Monthly Rentals
฿30K
Year Built
Nov 2007
Completion Status
Completed
Location
Nong Prue, Pattaya, Chon Buri
Number of units
109
Sales Prices
฿1.55M - ฿3.99M
▼ -9% underpriced
Monthly Rentals
฿13K - ฿22K
Year Built
Jul 2010
Completion Status
Completed
Location
Nong Prue, Pattaya, Chon Buri
Number of units
252
Sales Prices
฿1.7M - ฿1.79M
▲ 2.6% overpriced
Monthly Rentals
฿12K
Year Built
Jun 2021
Completion Status
Completed
Project Name
Park Royal 1
Location
Nong Prue, Pattaya, Chon Buri
Number of units
38
Sales Prices
฿1.6M
Monthly Rentals
฿10K
Year Built
May 2009
Completion Status
Completed
Project Name
The Vision
Location
Nong Prue, Pattaya, Chon Buri
Number of units
221
Sales Prices
฿2.5M - ฿3.6M
▼ -23.2% underpriced
Monthly Rentals
฿18K - ฿23K
Year Built
Jul 2016
Completion Status
Completed
Location
Nong Prue, Pattaya, Chon Buri
Number of units
245
Sales Prices
฿5M - ฿5.36M
▼ -36% underpriced
Monthly Rentals
฿30K
Year Built
Jan 1991
Completion Status
Completed
Location
Nong Prue, Pattaya, Chon Buri
Number of units
33
Sales Prices
฿8M
▼ -26.5% underpriced
Monthly Rentals
N/A
Year Built
Sep 2010
Completion Status
Completed
Location
Nong Prue, Pattaya, Chon Buri
Number of units
40
Sales Prices
฿4M - ฿5.9M
Monthly Rentals
฿22K - ฿25K
Year Built
Jun 2011
Completion Status
Completed
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