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    1 Bedroom Condo for sale at Patong Loft
    Patong, Kathu,Phuket
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    Sale Price
    £103,000
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    1 Bedroom Condo for sale at Patong Loft

    (1 Review)
    Patong, Kathu,Phuket
    Unit ID: U1030712
    7% Rental Yield
    Tenant-Occupied until Oct 31, 2025
    1 Bedroom
    1 Bathroom
    59 SqM Size
    5 Floor
    Dec 2006 Completed
    (1 Review)
    Sale Price
    £103,000
    19

    About This Condo

    This property is a 59 SqM condo 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 2006. You can buy this condo for a base price of £103,000 (£1,740/SqM) and it is also available for long term rentals starting from £571 per month.

    Nice location

    Surrounding area Patong Loft is conveniently located just 160 m from 7-Eleven, which can be reached within 2 mins. by foot. There are many other shops situated in the area of Patong Loft, the 3 closest being: - Mini Big C is 260 m away (about 3 mins. by foot) - FamilyMart is 280 m away (about 3 mins. by foot) - 7-Eleven is 630 m away (about 8 mins. by foot) The surrounding area, where Patong Loft is situated, offers a wide variety of restaurants. See the closest of them below: - Bai Bour Restaurant is 60 m away (a walk of about 1 min.) - Pa Pook Hot Pan Restaurant is 230 m away (a walk of about 3 mins.) - Inan Family Pork is 130 m away (a walk of about 2 mins.) Patong clinic lab is the nearest health facility, which is 1.4 km away (you can drive there in 4 mins.) from the project, while the closest schools in the proximity of Patong Loft are: - Phuket Bkk Language school is 190 m away (about 2 mins. by foot) - Child Development Center Patong Municipality 2 is 110 m away (about 1 min. by foot) - Sakura Teams Limited Partnership is 250 m away (about 3 mins. by foot) Phuket International Airport is located 37.5 km from Patong Loft and it takes about 50 mins. by car or taxi (depending on the traffic) to get there. --

    Basic Information

    Date Listed Jun 14, 2022
    Updated 3 weeks ago
    Property Type Condo
    Floor 5
    Bedroom 1
    Size 59 SqM
    Price per SqM £1,740
    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%.

    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) Mountain View, Unblocked Open View
    Unit Type N/A
    Building Patong Loft
    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.
    £67/mo
    Listed By
    Private Owner
    Electricity Price N/A
    Water Price N/A
    Unit ID U1030712

    Investment Opportunity: Charges & Yield

    Sale Price
    £103,000
    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.
    £67/mo
    Rent
    £571/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. To calculate this figure we use the advertised monthly rent rate (for a 1-year contract) and the current sales price.
    7%

    Project Details

    Project Name: Patong Loft
    Developer: Patong Loft
    Construction: Completed (Dec 2006)
    Floors: 7
    Buildings: 1
    Units: 82
    Project Area: 1,000 SqM
    Nearest Landmark Patong Beach - 1.2 Km
    Location: Patong, Phuket
    Patong Loft Project Details

    Project Features

    Communal Pool Communal Pool
    Jacuzzi Jacuzzi
    24H Security 24H Security
    CCTV (Video Surveillance) CCTV (Video Surveillance)
    Car Parking Car Parking
    Reception / Lobby Area Reception / Lobby Area

    Popular Facilities at Patong Loft

    • All
    • Leisure
    • Convenience
    3
    • Communal Pool
      Ground Floor
    • Reception / Lobby Area
      Ground Floor

    Available Units at Patong Loft

    For Sale 4 For Rent 5
    • All
    • Studio
    • 1 Bed
    • 2 Beds
    Get notified when new homes are being added to Patong Loft
    View All (4)

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    Frequently Asked Questions

    No pets are allowed at Patong Loft 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 £67 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.
    Patong Beach is the nearest Beach from Patong Loft and it is 1.2 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 Patong Loft 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

    3.7 out of 5
    Based on
    1 Review
    Maintenance
    Staff / Security
    Facilities on Site
    Quality of Finishing
    Value for Money
    Location
    + Write a review
    Condo next to the main road, private in Patong area
    Ashly Belford, United States, 5 years ago
    The condo next to the main road in a perfect location near Patong Center, a venue for street food and Jungceylon Mall. It's just a walking distance to Patong beach in 20 minutes. The building looks quite old from the outside, but the inside was well maintained and renovated. My room has 2 bedrooms with ensuite bathrooms and a bathtub in a master bathroom. The master bedroom is spacious enough to put a king-size bed. The kitchen comes with equipment and storage. The balcony is large enough to put a small table set for chilling in the evening. Most of my neighbors are retired foreigners. Although I live in the Patong area, the neighborhood is quiet and pleasant, with complete facilities.
    Phuket
    Patong

    Neighborhood Overview

    Location and Neighborhood

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