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    2 Bedroom House for sale at The Rich Villas @Palai
    Chalong, Phuket Town,Phuket
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    Sale Price
    £110,000
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    2 Bedroom House for sale at The Rich Villas @Palai

     (Write Review)
    Chalong, Phuket Town,Phuket
    Unit ID: U1855032
    8% Rental Yield
    2 Bedrooms
    2 Bathrooms
    87 SqM Indoor Area
    1 Storeys
    May 2023 Completed
     (Write Review)
    Sale Price
    £110,000
    15

    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 project in Chalong, Phuket and was completed in May 2023. You can buy this house for a base price of £110,000 (£1,260/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 ParkingCovered Parking BalconyBalcony Full Western KitchenFull Western Kitchen

    Basic Information

    Date Listed May 30, 2024
    Updated 6 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 £1,260
    Outdoor Area
    This is the combined size of the terrace, pool, parking area, and sala. It does not include the size of the garden.
    20 SqM
    Plot Size 107 SqM
    Pets All Kind of Pets Allowed
    House Ownership

    Foreign nationals can own the building (house) in their own name, but not the land that it stands on.

    Thai Ownership, Leasehold
    Land Ownership

    Foreign nationals cannot own land in Thailand. The options in which a foreigner can control the land are via a 30-year lease or by purchasing the land through a Thai company.

    Thai Ownership, Leasehold
    Land Title Deed Chanote
    Construction Completed (May 2023)
    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) Unblocked Open View
    Unit Type N/A
    Parking Spots 1
    Pool Size 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.
    £19/mo
    Listed By
    Private Owner
    Electricity Price N/A
    Water Price N/A
    Unit ID U1855032

    Investment Opportunity: Charges & Yield

    Sale Price
    £110,000
    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.
    £19/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.
    13
    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 2 bedroom houses at The Rich Villas @Palai, and the current sales price.
    8%

    Project Details

    Project Name: The Rich Villas @Palai
    Developer: N/A
    Construction: Completed (May 2023)
    Units: 29
    Project Area: N/A
    Nearest Landmark Phuket Zoo - 0.6 Km
    Location: Chalong, Phuket
    The Rich Villas @Palai Project Details

    Project Features

    24H Security 24H Security
    CCTV (Video Surveillance) CCTV (Video Surveillance)

    Available Units at The Rich Villas @Palai

    For Sale 1 For Rent 28
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    • 2 Beds
    Get notified when new homes are being added to The Rich Villas @Palai
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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.

     

    Read more here

    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


    Read more here

    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?

    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

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    Phuket
    Chalong

    Neighborhood Overview

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