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    3 Bedroom Condo for sale at The Residences Overlooking Layan
    Choeng Thale, Thalang,Phuket
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    Sale Price
    £626,000
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    3 Bedroom Condo for sale at The Residences Overlooking Layan

    (1 Review)
    Choeng Thale, Thalang,Phuket
    Unit ID: U18721
    10% Rental Yield
    3 Bedrooms
    2 Bathrooms
    240 SqM Size
    2 Floor
    Dec 2016 Completed
    (1 Review)
    Sale Price
    £626,000
    18

    About This Condo

    This property is a 240 SqM condo with 3 bedrooms and 2 bathrooms that is available for sale. It is part of the project in Choeng Thale, Phuket and was completed in Dec 2016. You can buy this condo for a base price of £626,000 (£2,610/SqM).

    Live the Layan Lifestyle: Seize the Day in Phuket's Premier Indian Ocean Residence!

    Welcome to your very own piece of paradise in Choeng Thale, Phuket! Brought to you by the creators of The Residences Overlooking Layan, a modern and well-appointed project nestled in the geographical apex of one of Thailand's premier tourist attractions, this 240 SqM condominium is a prime example of contemporary comfort in an idyllic locale. Desirable amenities such as three bedrooms and two bathrooms are found in the unit, while necessary staples like state-of-the-art furnishings, fixtures and fittings, and cosmopolitan creature comforts guarantee a lifestyle of Mediterranean magnificence. In other words, it's the perfect spot to settle down with friends or family and unwind in nautical-chic opulence.The residence is situated right at the heart of Layan Bay, where the raw natural beauty of this part of Phuket is instantly beguiling. A foundation of modern construction techniques and craftsmanship ensure that the property is solid and efficient. Sensational views overlooking the tropical waters and lush foliage can be admired each and every morning, no matter the season. Whether you're hoping for a rental income or intend to make it a permanent residence, this condo will bring you only satisfaction and contentment.The Residences Overlooking Layan project was recently completed in December 2016 and is now ready for those who are looking for a slice of the Phuket experience. For the price of ฿26,000,000 (฿108,333/SqM), one can enjoy a residence that allows them to get away from it all, take in the salty air, and maybe even pick up or rekindle a love of sailing, cycling, and other such outdoor activities. Come take a look and negotiate with us to secure this highly sought-after property today!

    Features

    Private PoolPrivate Pool TerraceTerrace

    Basic Information

    Date Listed Sep 13, 2022
    Updated 1 year ago
    Property Type Condo
    Floor 2
    Bedrooms 3
    Size 240 SqM
    Price per SqM £2,610
    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%.

    Leasehold
    Furniture
    Unfurnished
    View(s) Sea View
    Unit Type 3BR
    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.
    £261/mo
    Listed By
    Developer
    Electricity Price N/A
    Water Price N/A
    Unit ID U18721

    Investment Opportunity: Charges & Yield

    Sale Price
    £626,000
    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.
    £261/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.
    10
    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 3 bedroom condos at The Residences Overlooking Layan, and the current sales price.
    10%

    Project Details

    Project Name: The Residences Overlooking Layan
    Developer: The Villas Overlooking Layan
    Construction: Completed (Dec 2016)
    Floors: 3
    Buildings: 1
    Units: 18
    Project Area: N/A
    Nearest Landmark Layan Beach - 1.1 Km
    Location: Choeng Thale, Phuket
    The Residences Overlooking Layan Project Details

    Project Features

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

    Available Units at The Residences Overlooking Layan

    For Sale 10 For Rent 8
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    • 2 Beds
    • 3 Beds
    • 4 Beds
    Get notified when new homes are being added to The Residences Overlooking Layan
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    Frequently Asked Questions

    No pets are allowed at The Residences Overlooking Layan 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 £261 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.
    Layan Beach is the nearest Beach from The Residences Overlooking Layan and it is 1.1 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 The Residences Overlooking Layan 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

    4.5 out of 5
    Based on
    1 Review
    Maintenance
    Staff / Security
    Facilities on Site
    Quality of Finishing
    Value for Money
    Location
    + Write a review
    Villa with splendid view
    Hannah H., Germany, 6 years ago
    I made the right decision to choose this villa. The decorations here are quite luxurious. More importantly, the price is reasonable here compared with other projects nearby. Since the villa is large, it allows me to customize the villa as I wish, and so far, the house is exactly what I want! The highlight of this villa is its balcony, especially when it's sunset. The surrounding atmosphere is just exceptional. As there are small numbers of units, the villa is private. Most of the time, I like to spend time in the villas and chill by the pool. I want to cook for myself because I'm a vegan. For those who want to go out for food, it's not difficult. You can drive less than 10 mins to the laguna area. There are many restaurants, bars, and cafes. Also, this place is not far from the airport. You can drive within 20 minutes only. The project's security guard takes care of us 24 hours a day, so you don't have to worry about safety. It's good for both living and investment. As Phuket is still a touristy place, it might be easy to sell or rent it out.
    Phuket
    Choeng Thale

    Neighborhood Overview

    Location and Neighborhood

    Street View

    Projects Nearby The Residences Overlooking Layan

    Location
    Number of units
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    Year Built
    Completion Status
    Project Name
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    Project Name
    The Villas By The Big Bamboo
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    Number of units
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    Year Built
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    Choeng Thale, Thalang, Phuket
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    Year Built
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    Completion Status
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    Number of units
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    Monthly Rentals
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    Year Built
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    Project Name
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    Location
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    Number of units
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    Monthly Rentals
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    Year Built
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    Completion Status
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    Number of units
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    Monthly Rentals
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    Number of units
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    Monthly Rentals
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    Year Built
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    Completion Status
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    Location
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    Number of units
    12
    Sales Prices
    £1.34M
    ▼ -4% underpriced
    Monthly Rentals
    £7.42K
    Year Built
    Jun 2022
    Completion Status
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    Projects Nearby The Residences Overlooking Layan
    Save
    The Villas By The Big Bamboo
    The Villas Overlooking Layan
    Ocean Hills Phuket
    Cendana Villas Layan
    Aileen Villas Layan Phase 5
    Cohiba Villas
    Walai Layan Phase 1
    Walai Layan Phase 2
    Bamboo Forest
    ISOLA Phuket
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