Studio Condo for sale at The Residence Jomtien Beach

(1 Review)
Nong Prue, Pattaya, Chon Buri
Unit ID: U23811
4% Rental Yield
Studio Bedroom
1 Bathroom
51.30 SqM Size
4 Floor
Nov 2007 Completed

About This Condo

This property is a 51.30 SqM studio condo with 1 bathroom that is available for sale. It is part of the The Residence Jomtien Beach project in Nong Prue, Pattaya and was completed in Nov 2007. You can buy this condo for a base price of ฿3,390,000 (฿66,082/SqM) and it is also available for long term rentals starting from ฿12,000 per month.

Ready to Score? Third Time's a Charm with The Residence Jomtien!

You know when they say that the third time's the charm? Well, consider this your lucky day - The Residence Jomtien Beach project in Nong Prue, Chon Buri is a winner on the third try. Gone are the days of patiently waiting for your dream condo; this 51.30 sqm studio is ready for you to call it home. Not to mention it comes with 1 bathroom and was completed a mere twelve years ago. With this level of modernity, what more could you want? Oh, and did we mention the unbeatable price? This amazing abode is only going for ฿3,390,000 (฿66,082/SqM) - a shockingly modest amount. But if buying this is not necessarily your cup of tea, you can always rent it out long-term for around ฿12,000 per month. What a steal! How could you possibly pass up such an offer? In addition, the condo is equipped with quality amenities. Featuring a private pool, fitness center, and secluded green area, you don't ever have to worry about leaving its comforting embrace. All the luxuries conducive to a comfortable life, gathered in one spot - what more could one ask for? So don't wait any longer - make a phone call to inquire on this property today before someone else snaps up this unbeatable deal! There are few opportunities as great as this one, so seize the moment!

Features

BalconyBalcony MicrowaveMicrowave TVTV

Basic Information

Date Listed Oct 25, 2022
Updated 1 year ago
Property Type Condo
Floor 4
Bedroom Studio
Size 51.30 SqM
Price per SqM ฿66,082
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%.

N/A
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
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.
฿2,052/mo
Listed By
Private Owner
Electricity Price N/A
Water Price N/A
Unit ID U23811

Price Analysis

Above Average
Estimated market value ฿2,660,760
Great
฿2,480,000
Good
Fair
Above
฿3,040,000
Current asking Price: ฿3,390,000 | Advertised rental rate: ฿12,000/mo
This condo is ฿729,240 ABOVE MARKET (27%) 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
฿3,390,000
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.
฿2,052/mo
Rent
฿12,000/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.
24
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.
4%

Project Details

Developer: N/A
Construction: Completed (Nov 2007)
Floors: 7
Buildings: N/A
Units: 68
Project Area: N/A
Nearest Landmark Dong Tarn Beach - 1.4 Km
Location: Nong Prue, Pattaya
The Residence Jomtien Beach 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
Communal Garden Area Communal Garden Area
Key card access Key card access

Available Units at The Residence Jomtien Beach

For Sale 10 For Rent 3
Get notified when new homes are being added to The Residence Jomtien Beach
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Loan Calculator

Frequently Asked Questions

No pets are allowed at The Residence Jomtien Beach 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 ฿2,052 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.
Dong Tarn Beach is the nearest Beach from The Residence Jomtien Beach and it is 1.4 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 The Residence Jomtien Beach 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

4.5 out of 5
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Nice condo conveniently located close to many places
Davika Y., Thailand, 6 years ago
I have been living here for 2 months now. This place has everything I need and is also close to my workplace. It is very convenient for me to travel there. My unit has 1 bedroom with a good proportion. I also like the room design because it is so lovely and livable. The facilities are good, such as a fitness center, swimming pool, and garden. The staff is excellent and helpful! It is a good project in the best location, convenient transportation, near the tourist attraction of Pattaya. Overall, it is impressive.
Pattaya
Nong Prue

Neighborhood Overview

Location and Neighborhood

Street View

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