1 Bedroom Apartment for sale at The Privilege

(1 Review)
Patong, Kathu,Phuket
Unit ID: U1962363
6% GUAR. RETURN FOR 3 YEARS
1 Bedroom
1 Bathroom
70 SqM Size
1 Floor
Dec 2014 Completed

About This Apartment

This property is a 70 SqM apartment with 1 bedroom and 1 bathroom that is available for sale. It is part of the project in Patong, Phuket and was completed in Dec 2014. You can buy this apartment for a base price of £139,000 (£1,980/SqM) and it is also available for long term rentals starting from £1,040 per month.

Sale or Rent - Luxurious Condo at The Privilege, Patong

  • Size: Spacious 70 m² apartment with Freehold ownership
  • Features: Elegant spa bathroom with a separate shower and toilet, furnished with high-end Siemens appliances (microwave and fridge), and a private balcony with a jacuzzi overlooking the sea
  • Condition: Sold fully furnished, ready for immediate move-in or rental
al cleaning (2 or 4 times per month). Experience elevated beachfront living with panoramic, unobstructed views at The Privilege, Patong. Perfect for those who value both luxury and natural beauty.

Features

TerraceTerrace Wifi IncludedWifi Included MicrowaveMicrowave OvenOven

Basic Information

Date Listed Nov 5, 2024
Updated 1 month ago
Property Type Apartment
Floor 1
Bedroom 1
Size 70 SqM
Price per SqM £1,980
Pets Not Allowed
Apartment Ownership

Foreign nationals can own condominium units as freehold owners in buildings where no 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 it is currently below 49%.

Foreign Quota, Thai Quota, Leasehold, Company
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) Sea View, Mountain View
Unit Type N/A
Building Building B
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.
£97/mo
Listed By
Private Owner
Electricity Price N/A
Water Price N/A
Unit ID U1962363

Investment Opportunity: Charges & Yield

Sale Price
£139,000
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.
£97/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
Guaranteed Rental Return
6%
Guarantee Duration
3 Years

Project Details

Project Name: The Privilege
Construction: Completed (Dec 2014)
Floors: 5
Buildings: 4
Units: 49
Project Area: 4,112 SqM
Nearest Landmark Kalim Beach - 0.2 Km
Location: Patong, Phuket
The Privilege Project Details

Project Features

Hotel Managed Hotel Managed
Communal Pool Communal Pool
Jacuzzi Jacuzzi
Communal Gym Communal Gym
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Car Parking Car Parking
Steam Room Steam Room
Sauna Sauna
Reception / Lobby Area Reception / Lobby Area

Popular Facilities at The Privilege

  • Communal Pool
    Rooftop
  • Communal Gym
    Ground Floor

Available Units at The Privilege

For Sale 4 For Rent 15
Get notified when new homes are being added to The Privilege
View All (4)

Loan Calculator

Frequently Asked Questions

No pets are allowed at The Privilege 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 £1 per square meter based on the size of indoor area of the property and is £97 for this apartment. 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.
The Privilege offers a guaranteed rental return of 6% (based on the purchase price of the property) for a duration of 3 Years.
Read more here.
Kalim Beach is the nearest Beach from The Privilege and it is 0.2 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 The Privilege 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

Reviews

3.3 out of 5
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
The project is near Kalim Beach
Kim Dowler, Canada, 5 years ago
Condos here are available in the hotel section (hotel managed). The staff and services are very good. The common area includes a swimming pool, on-site restaurant, fitness center, and the rooftop has a beautiful viewpoint. The room has a nice spacious balcony and is designed to be proportionate. The bathroom also uses excellent and quality bathtub materials. It is fully furnished. On the downside, I think the gym has little equipment and not enough for the residents. Anyway, getting to the condo is quite confusing because the entrance is very small. The project is near Kalim Beach and about 1 kilometer from Patong Beach.
Phuket
Patong

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby The Privilege

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
Location
Patong, Kathu, Phuket
Number of units
54
Sales Prices
£183K - £337K
▼ -44% underpriced
Monthly Rentals
£694 - £1.85K
Year Built
Dec 2009
Completion Status
Completed
Project Name
Baan Chai Lei
Location
Patong, Kathu, Phuket
Number of units
6
Sales Prices
£1.27M
▼ -8% underpriced
Monthly Rentals
N/A
Year Built
Dec 2006
Completion Status
Completed
Location
Patong, Kathu, Phuket
Number of units
40
Sales Prices
£430K - £740K
▼ -11% underpriced
Monthly Rentals
N/A
Year Built
Nov 2007
Completion Status
Completed
Location
Patong, Kathu, Phuket
Number of units
52
Sales Prices
£234K - £278K
▼ -10% underpriced
Monthly Rentals
£1.5K - £2.08K
Year Built
May 1995
Completion Status
Completed
Project Name
Villa Thai Sawan
Location
Patong, Kathu, Phuket
Number of units
1
Sales Prices
£3.24M
Monthly Rentals
N/A
Year Built
Jan 2010
Completion Status
Completed
Location
Patong, Kathu, Phuket
Number of units
26
Sales Prices
£791K
▲ 1.2% overpriced
Monthly Rentals
N/A
Year Built
Dec 2006
Completion Status
Completed
Project Name
The Charm
Location
Patong, Kathu, Phuket
Number of units
246
Sales Prices
£161K - £243K
▼ -6% underpriced
Monthly Rentals
£1.57K
Year Built
Sep 2014
Completion Status
Completed
Project Name
Andaman Hills
Location
Patong, Kathu, Phuket
Number of units
24
Sales Prices
£298K - £437K
Monthly Rentals
N/A
Year Built
Dec 1993
Completion Status
Completed
Location
Patong, Kathu, Phuket
Number of units
96
Sales Prices
£75.2K - £301K
▲ 2% overpriced
Monthly Rentals
£694 - £2.12K
Year Built
May 2014
Completion Status
Completed
Project Name
The Unity Patong
Location
Patong, Kathu, Phuket
Number of units
66
Sales Prices
£115K - £231K
▲ 6.5% overpriced
Monthly Rentals
£578 - £2.57K
Year Built
Jan 2015
Completion Status
Completed
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