2 Bedroom Condo for sale at Lumpini Place Ratchada-Sathu

(1 Review)
Chong Nonsi, Yan Nawa,Bangkok
Unit ID: U1368658
3% Rental Yield
2 Bedrooms
2 Bathrooms
65 SqM Size
31 Floor
Oct 2019 Completed

About This Condo

This property is a 65 SqM condo with 2 bedrooms and 2 bathrooms that is available for sale. It is part of the project in Chong Nonsi, Bangkok and was completed in Oct 2019. You can buy this condo for a base price of £262,000 (£4,030/SqM) and it is also available for long term rentals starting from £729 per month.

Features

BalconyBalcony MicrowaveMicrowave OvenOven TVTV

Basic Information

Date Listed Jan 16, 2023
Updated 2 days ago
Property Type Condo
Floor 31
Bedrooms 2
Size 65 SqM
Price per SqM £4,030
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, Unblocked Open View
Unit Type 1BR
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.
£96/mo
Listed By
Private Owner
Electricity Price N/A
Water Price N/A
Unit ID U1368658

Investment Opportunity: Charges & Yield

Sale Price
£262,000
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.
£96/mo
Rent
£729/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.
30
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.
3%

Project Details

Developer: LPN Development
Construction: Completed (Oct 2019)
Floors: 35
Buildings: 1
Units: 543
Project Area: 3,200 SqM
Nearest Landmark Surasak BTS - 2.8 Km
Location: Chong Nonsi, Bangkok
Lumpini Place Ratchada-Sathu 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
Steam Room Steam Room
Sauna Sauna
Reception / Lobby Area Reception / Lobby Area
Communal Garden Area Communal Garden Area

Popular Facilities at Lumpini Place Ratchada-Sathu

  • Communal Pool
    1st Floor
  • Communal Garden Area
    1st Floor

Available Units at Lumpini Place Ratchada-Sathu

For Sale 6 For Rent 8
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Frequently Asked Questions

No pets are allowed at Lumpini Place Ratchada-Sathu 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 £96 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 Lumpini Place Ratchada-Sathu the required payment for the sinking fund is £7 per square meter based on the size of the indoor area of the property.
Surasak BTS is the nearest BTS Station from Lumpini Place Ratchada-Sathu and it is 2.8 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 Lumpini Place Ratchada-Sathu 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

5 out of 5
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Brand new condo near Central Rama 3
Nannie R., Thailand, 3 years ago
It's a new condo in a good location near the main road and surrounded by amenities, a few hundred meters away from Central Rama 3 . It is also close to many expressways. Conveniently travel whether to or from the city. The area is neighbored by shops, restaurants, and fresh markets. The project is outstanding and easy to find. It is a red building tower next to the road. The condo has a relaxing shady atmosphere and high privacy. There is a complete facility for kids and adults in the project. The lobby is beautiful and spotless. It just has a little bit of trouble with the tiny parking lot, and the location is not a good choice for people who use public transportation like BTS, which is not within walking distance. The station is more than 3 kilometers away.
Bangkok
Chong Nonsi

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby Lumpini Place Ratchada-Sathu

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
Chong Nonsi, Yan Nawa, Bangkok
Number of units
1696
Sales Prices
£38.6K - £60.2K
▼ -20% underpriced
Monthly Rentals
£204 - £409
Year Built
Jan 2013
Completion Status
Completed
Location
Chong Nonsi, Yan Nawa, Bangkok
Number of units
190
Sales Prices
£59K - £97.6K
▲ 5% overpriced
Monthly Rentals
£227
Year Built
Dec 2002
Completion Status
Completed
Location
Chong Nonsi, Yan Nawa, Bangkok
Number of units
493
Sales Prices
£111K - £136K
▲ 21% overpriced
Monthly Rentals
£225 - £420
Year Built
Jan 2009
Completion Status
Completed
Location
Chong Nonsi, Yan Nawa, Bangkok
Number of units
960
Sales Prices
£107K - £250K
▲ 9% overpriced
Monthly Rentals
£272 - £749
Year Built
Jan 2009
Completion Status
Completed
Location
Chong Nonsi, Yan Nawa, Bangkok
Number of units
53
Sales Prices
£186K - £247K
Monthly Rentals
£681 - £795
Year Built
Jan 2005
Completion Status
Completed
Location
Chong Nonsi, Yan Nawa, Bangkok
Number of units
215
Sales Prices
£95.4K - £227K
▼ -34% underpriced
Monthly Rentals
£568 - £1.36K
Year Built
Sep 2008
Completion Status
Completed
Location
Chong Nonsi, Yan Nawa, Bangkok
Number of units
423
Sales Prices
£40.6K - £97.4K
▼ -30% underpriced
Monthly Rentals
£386 - £454
Year Built
Dec 2007
Completion Status
Completed
Location
Chong Nonsi, Yan Nawa, Bangkok
Number of units
150
Sales Prices
£522K
Monthly Rentals
£1.25K
Year Built
Nov 2011
Completion Status
Completed
Project Name
Bangkok Garden
Location
Chong Nonsi, Yan Nawa, Bangkok
Number of units
841
Sales Prices
£207K - £265K
▲ 4% overpriced
Monthly Rentals
£681 - £3.86K
Year Built
Jan 1998
Completion Status
Completed
Location
Bang Khlo, Yan Nawa, Bangkok
Number of units
22
Sales Prices
£375K
Monthly Rentals
£1.02K
Year Built
Jan 2016
Completion Status
Completed
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