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    1 Bedroom Condo for sale at Modiz Ratchada 32
    Chomphon, Chatuchak,Bangkok
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    Sale Price
    £43,700
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    1 Bedroom Condo for sale at Modiz Ratchada 32

    (1 Review)
    Chomphon, Chatuchak,Bangkok
    Unit ID: U1842820
    7% Rental Yield
    1 Bedroom
    1 Bathroom
    23.12 SqM Size
    1 Floor
    Apr 2019 Completed
    (1 Review)
    Sale Price
    £43,700
    5

    About This Condo

    This property is a 23.12 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the project in Chomphon, Bangkok and was completed in Apr 2019. You can buy this condo for a base price of £43,700 (£1,890/SqM).

    Features

    BalconyBalcony Washing MachineWashing Machine MicrowaveMicrowave

    Basic Information

    Date Listed May 20, 2024
    Updated 3 months ago
    Property Type Condo
    Floor 1
    Bedroom 1
    Size 23.12 SqM
    Price per SqM £1,890
    Pets Not Allowed
    Condo 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%.

    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) 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.
    £24/mo
    Listed By
    Private Owner
    Electricity Price N/A
    Water Price N/A
    Unit ID U1842820

    Investment Opportunity: Charges & Yield

    Sale Price
    £43,700
    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.
    £24/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
    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 1 bedroom condos at Modiz Ratchada 32, and the current sales price.
    7%

    Project Details

    Project Name: Modiz Ratchada 32
    Developer: N/A
    Construction: Completed (Apr 2019)
    Floors: 8
    Buildings: N/A
    Units: 191
    Project Area: N/A
    Nearest Landmark Lat Phrao MRT - 1 Km
    Location: Chomphon, Bangkok
    Modiz Ratchada 32 Project Details

    Project Features

    Communal Pool Communal Pool
    Communal Gym Communal Gym
    24H Security 24H Security
    CCTV (Video Surveillance) CCTV (Video Surveillance)
    Indoor Kids Zone Indoor Kids Zone
    Car Parking Car Parking
    Reception / Lobby Area Reception / Lobby Area

    Available Units at Modiz Ratchada 32

    For Sale 5 For Rent 2
    • All
    • 1 Bed
    • 2 Beds
    Get notified when new homes are being added to Modiz Ratchada 32
    View All (5)

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    Frequently Asked Questions

    No pets are allowed at Modiz Ratchada 32 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 £24 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 Modiz Ratchada 32 the required payment for the sinking fund is £12 per square meter based on the size of the indoor area of the property.
    Lat Phrao MRT is the nearest MRT Station from Modiz Ratchada 32 and it is 1 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 Modiz Ratchada 32 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

    4.7 out of 5
    Based on
    1 Review
    Maintenance
    Staff / Security
    Facilities on Site
    Quality of Finishing
    Value for Money
    Location
    + Write a review
    The new condo in a great location
    Marcos R., Germany, 4 years ago
    It is a luxury condo in the Ratchada area, close to many Skytrain lines, as you can choose based on your conveniences, but I recommend choosing Ratchayothin BTS Station as the destination station. Besides that, it is close to several well-known shopping malls that make my life much easier. Moreover, the project is contemporary, furnished with high-quality furniture, and equipped with a Home Automation system. There are 3 types of rooms to choose from according to lifestyles. I live alone, but I want a separate working room, so I bought a 1 bedroom Plus unit. There are numerous facilities, such as the swimming pool, lounge, fitness center, garden, pavilion, and other facilities. I believe it is well worth the price you pay.
    Bangkok
    Chomphon

    Neighborhood Overview

    Location and Neighborhood

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    Projects Nearby Modiz Ratchada 32

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    ▼ -40% underpriced
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    Year Built
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    Completion Status
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