2 Bedroom House for sale at The Rich Villas @Palai

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Chalong, Phuket Town,Phuket

Unit ID: U1855032

8% Rental Yield

2 Bedrooms

2 Bathrooms

87 SqM Indoor Area

1 Storeys

May 2023 Completed

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Sale Price

£102,000

About This House

This property is a 87 SqM house with 2 bedrooms and 2 bathrooms that is available for sale. It is part of the The Rich Villas @Palai project in Chalong, Phuket and was completed in May 2023. You can buy this house for a base price of £102,000 (£1,180/SqM).

2 Bedroom Townhouse for sale at The Rich Villas @Palai

🔺in operation since September 2023, new guarded complex 🔺stylish renovation, quiet area, nice neighbors 🔺all necessary furniture, treadmill, appliances, decorative elements remain on sale 🔺swimming pool on site 🔶4 minutes BCIS international school 🔶The necessary infrastructure is within walking distance: shops, pharmacies, a shopping center, gyms, massage parlors, healthy food establishments, sports clubs

Features

Covered Parking

Balcony

Full Western Kitchen

Basic Information

Date Listed May 30, 2024

Updated 3 months ago

Property Type House

Storeys 1

Location Chalong, Phuket

Bedrooms 2

Nearest Landmark Phuket Zoo -0.6 Km

Indoor Area 87 SqM

Price per SqM £1,180

Outdoor Area

20 SqM

Plot Size 107 SqM

Pets All Kind of Pets Allowed

House Ownership

Thai Ownership, Leasehold

Land Ownership

Thai Ownership, Leasehold

Land Title Deed Chanote

Construction Completed (May 2023)

Furniture

Fully Furnished

View(s) Unblocked Open View

Unit Type N/A

Parking Spots 1

Pool Size N/A

CAM Fee

£19/mo

Listed By

Private Owner

Electricity Price N/A

Water Price N/A

Unit ID U1855032

Investment Opportunity: Charges & Yield

Sale Price

£102,000

CAM Fee

£19/mo

Price-to-Rent Ratio

Rental Yield

Project Details

Project Name: The Rich Villas @Palai

Developer: N/A

Construction: Completed (May 2023)

Units: 26

Project Area: N/A

Nearest Landmark Phuket Zoo - 0.6 Km

Location: Chalong, Phuket

The Rich Villas @Palai Project Details

Project Features

24H Security

CCTV (Video Surveillance)

Available Units at The Rich Villas @Palai

For Sale 1 For Rent 25

All
2 Beds

Available Units at The Rich Villas @Palai

Fully Furnished Unblocked Open View

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Frequently Asked Questions

All kind of pets are allowed at The Rich Villas @Palai including dogs, cats, rabbits, hamsters, guinea pigs, birds, and reptiles.

Phuket Zoo is the nearest Tourist Attraction from The Rich Villas @Palai and it is 0.6 km away.

The building (the bricks and mortar) can be owned by a non-Thai national outright in their name in what is called the house registry which secures ownership indefinitely of the structure.

In Thailand, non-Thai nationals cannot own land outright in their name. Land can be controlled through either a Thai Company or a long-term registered lease. The longest registered lease term by Thai law is 30 years, and most developers will offer 3 terms for a total of 90 years.

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After you have found the right property at The Rich Villas @Palai you have to follow these steps:

- Agreement of terms and conditions
- Reservation Agreement
- Reservation Deposit
- Sales and Purchase Agreement
- Settlement & Transfer

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A 30-year lease period is legally protected under Thai law and ownership cannot be disrupted. It is common for developers to offer an additional two terms of 30 contractually obligating a total of 90 years.

Prior to purchasing a leasehold property, it is important to secure a copy of the lease agreement or get further clarity on these three points.

- Who is the lessor? (an individual or a Thai Company) Securing a lease from a Thai Company offers much more security than a private individual.
- Do I have voting rights as a Lessee? (Some lease contracts do not allow lessee to have voting rights)
- Is there a succession clause in the lease agreement that will allow inheritance of the lease?

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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.

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