Studio Condo for sale at The Residence Jomtien Beach

(1 Review)
Nong Prue, Pattaya, Chon Buri
Unit ID: U72568
6% Rental Yield
Studio Bedroom
1 Bathroom
52 SqM Size
7 Floor
Nov 2007 Completed

About This Condo

This property is a 52 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 ฿1,890,000 (฿36,346/SqM).

Experience the Finest of Natural Luxury at Residence Jomtien Beach!

This incredibly attractive studio condo on offer is part of the prestigious Residence Jomtien Beach project, located in the esteemed Nong Prue district of Chon Buri. Boasting 52 SqM of floor area comprising of one spacious bathroom, this modern condo is perfect for those seeking an idyllic coastal retreat. A completion date of November 2007 ensures that the residence is on-trend and full modernized in tandem with the latest building standards. This expansive abode is sold with a competitive base price of just ฿1,890,000 (equivalent to ฿36,346 per SqM), making it an outstanding investment opportunity for any potential buyer.Situated in the serene district of Nong Prue, this chic studio condo is perfectly located for those in search of tropical bliss. Offering easy access to the pristine Jomtien Beach, one can enjoy long days of lounging on the shore, soaking up the sunrays over the glistening Gulf of Thailand. Furthermore, the accommodating building offers attractive facilities designed to enhance the homeowner's lifestyle. From stylish swimming pools to outdoor Jacuzzis, this is an ideal opportunity to indulge in five-star luxury living in unrivaled natural beauty.This stylish studio condo represents a unique investment opportunity for potential buyers, being both competitively priced and exquisitely appointed with lavish features. With a base price of just ฿1,890,000, not only is this condo an attractive option for prospective homeowners, but also for those seeking to acquire prime real estate as a secure and profitable investment.Therefore, we highly recommend any interested party to enquire on this property in order to make the most of this remarkable opportunity.

Features

BalconyBalcony Wifi IncludedWifi Included Full Western KitchenFull Western Kitchen

Basic Information

Date Listed Apr 6, 2018
Updated 3 years ago
Property Type Condo
Floor 7
Bedroom Studio
Size 52 SqM
Price per SqM ฿36,346
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) Park View, Pool View, Blocked 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.
฿2,080/mo
Listed By
Private Owner
Electricity Price N/A
Water Price N/A
Unit ID U72568

Price Analysis

Great Price
Estimated market value ฿2,318,080
Great
฿1,980,000
Good
Fair
Above
฿2,550,000
Current asking Price: ฿1,890,000 | Rental estimate: ฿9,230/mo
This condo is ฿428,080 BELOW MARKET (-18%) 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

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.
฿2,080/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.
17
Rental Yield
This is the gross rental yield based on the estimated rental rate. To calculate this figure we use the average monthly rent rates (for 1-year contracts) from other studio condos at The Residence Jomtien Beach, and the current sales price.
6%

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
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Available Units at The Residence Jomtien Beach

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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 ฿2,080 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
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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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