Studio Condo for sale at Mida Grande Resort Condominiums

(2 Reviews)
Choeng Thale, Thalang,Phuket
Unit ID: U892944
7% GUAR. RETURN FOR 3 YEARS
Studio Bedroom
1 Bathroom
37 SqM Size
1 Floor
Dec 2018 Completed

About This Condo

This property is a 37 SqM studio condo with 1 bathroom that is available for sale. It is part of the Mida Grande Resort Condominiums project in Choeng Thale, Phuket and was completed in Dec 2018. You can buy this condo for a base price of ฿4,100,000 (฿110,811/SqM).

Features

BalconyBalcony

Basic Information

Date Listed May 17, 2021
Updated 6 months ago
Property Type Condo
Floor 1
Bedroom Studio
Size 37 SqM
Price per SqM ฿110,811
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%.

Leasehold
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, Pool View, Unblocked Open 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.
฿1,850/mo
Listed By
Private Owner
Electricity Price Government Rate
Water Price Government Rate
Unit ID U892944

Price Analysis

Great Price
Estimated market value ฿5,240,128
Great
฿4,400,000
Good
Fair
Above
฿6,790,000
Current asking Price: ฿4,100,000
This condo is ฿1,140,128 BELOW MARKET (-22%) in the Phuket 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

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.
฿1,850/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
Guaranteed Rental Return
7%
Guarantee Duration
3 Years

Project Details

Construction: Completed (Dec 2018)
Floors: 8
Buildings: 7
Units: 448
Project Area: 20,800 SqM
Nearest Landmark Surin Beach - 0.8 Km
Location: Choeng Thale, Phuket
Mida Grande Resort Condominiums Project Details

Project Features

Hotel Managed Hotel Managed
On Site Restaurant On Site Restaurant
Communal Pool Communal Pool
Jacuzzi Jacuzzi
Communal Gym Communal Gym
Clubhouse Clubhouse
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Car Parking Car Parking
Spa Spa
Sauna Sauna
Reception / Lobby Area Reception / Lobby Area
Kids Pool Kids Pool
Library / Reading Room Library / Reading Room
Communal Garden Area Communal Garden Area
Key card access Key card access
Kids Club Kids Club
Shuttle Bus Shuttle Bus

Popular Facilities at Mida Grande Resort Condominiums

  • Communal Pool
    Rooftop
  • Communal Gym
    7th Floor
  • Reception / Lobby Area
    1st Floor
  • Kids Pool
    Ground Floor
  • Library / Reading Room
    1st Floor
  • On Site Restaurant
    Ground Floor
  • Sauna
    Ground Floor
  • Communal Garden Area
    Ground Floor
Close
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฿5,800,000
฿161,111/SqM
Beds 1 Beds
Baths 1 Baths
Size 36 SqM Size
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Frequently Asked Questions

No pets are allowed at Mida Grande Resort Condominiums 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 ฿50 per square meter based on the size of indoor area of the property and is ฿1,850 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.
For new projects, the buyer pays a one-off lump sum upon transfer of the property from the developer to the buyer. This fund is to be used for major renovations and replacement of equipment when necessary, to ensure the maintenance of the building and the common area. At Mida Grande Resort Condominiums the required payment for the sinking fund is ฿500 per square meter based on the size of the indoor area of the property.
Mida Grande Resort Condominiums offers a guaranteed rental return of 7% (based on the purchase price of the property) for a duration of 3 Years.
Read more here.
Surin Beach is the nearest Beach from Mida Grande Resort Condominiums and it is 0.8 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 Mida Grande Resort Condominiums you have to follow these steps:

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

 


All types
Installment Milestone Payment
Reservation Deposit
Immediately
฿100,000
1st Installment
21 days after contract signing
100%

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

Do you own a property at Mida Grande Resort Condominiums?

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Reviews

4.4 out of 5
Based on
2 Reviews
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Amazing resort with great and friendly staff
Reza ShahBeig, United States, Visitor, 1 year ago
We spent about ten days at this resort . It is a brand new resort overlooking the beach , amazing area with beautiful fully trained staff. We were so much spoiled and enjoyed our vacation to the fullest. The food is great and just steps to grocery and beach and night clubs. Thank you for having us
The balcony offers beautiful views from Surin Beach.
Luabov B., Russia, 4 years ago
The project here was completed several months late. The land size is relatively small when compared to the number of rooms. The decoration is very nice, and luxury and the staff are extremely helpful. The balcony offers beautiful views from Surin Beach. I think there are quite a lot of bugs and mosquitoes here. The stairs are also without handrails, not suitable for the elderly. The entrance is rather small the alley. Also, there is a market and an interesting community. It is close to Catch Beach Club and only 1 kilometer from Surin Beach. You can use the shuttle bus service to the Surin and Kamala Beaches as well. Overall okay, worth the investment. It is a good accommodation near the beach.
Phuket
Choeng Thale

Neighborhood Overview

Location and Neighborhood

Street View

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