3 Bedroom House for sale at The Palm Parco

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Nong Prue, Pattaya, Chon Buri
Unit ID: U1944737
9% Rental Yield
3 Bedrooms
4 Bathrooms
191 SqM Indoor Area
2 Storeys
12 Months Made To Order

About This House

This property is a 191 SqM house with 3 bedrooms and 4 bathrooms that is available for sale. It is part of the project in Nong Prue, Pattaya and will be built within 12 months of purchase. You can buy this house for a base price of £167,000 (£873/SqM).

Features

Private GardenPrivate Garden TerraceTerrace Covered ParkingCovered Parking BalconyBalcony Full Western KitchenFull Western Kitchen MicrowaveMicrowave OvenOven TVTV

Basic Information

Date Listed Oct 7, 2024
Updated 3 weeks ago
Property Type House (Single Detached)
Storeys 2
Location Nong Prue, Pattaya
Bedrooms 3
Nearest Landmark Ka Ting Lai Beach -4.7 Km
Indoor Area 191 SqM
Price per SqM £873
Outdoor Area
This is the combined size of the terrace, pool, parking area, and sala. It does not include the size of the garden.
N/A
Plot Size 60.70 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
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
Land Title Deed Chanote
Construction Made To Order (12 Months)
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, Garden View
Unit Type N/A
Parking Spots 2
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.
£49/mo
Listed By
Private Owner
Electricity Price Government Rate
Water Price Government Rate
Unit ID U1944737

Investment Opportunity: Charges & Yield

Sale Price
£167,000
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.
£49/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.
11
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 houses at The Palm Parco, and the current sales price.
9%

Project Details

Project Name: The Palm Parco
Construction: Made To Order (12 Months)
Units: 93
Project Area: 30,400 SqM
Nearest Landmark Ka Ting Lai Beach - 4.7 Km
Location: Nong Prue, Pattaya
The Palm Parco Project Details

Project Features

Communal Pool Communal Pool
Communal Gym Communal Gym
Clubhouse Clubhouse
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Indoor Kids Zone Indoor Kids Zone
Communal Garden Area Communal Garden Area

Popular Facilities at The Palm Parco

  • Clubhouse
    1st Floor
  • Communal Pool
    1st Floor
  • Communal Garden Area
    1st Floor
  • Communal Gym
    2nd Floor
  • Indoor Kids Zone
    1st Floor
  • Outdoor Kids Zone
    1st Floor

Available Units at The Palm Parco

For Sale 2 For Rent 3
Get notified when new homes are being added to The Palm Parco
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Frequently Asked Questions

All kind of pets are allowed at The Palm Parco including dogs, cats, rabbits, hamsters, guinea pigs, birds, and reptiles.
The common area maintenance fee is £1 per square meter based on the plot size of the property and is £49 for this house. 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.
Ka Ting Lai Beach is the nearest Beach from The Palm Parco and it is 4.7 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

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

After you have found the right property at The Palm Parco you have to follow these steps:

 

  • - Unit selection and agreement of terms and conditions
  • - Reservation Agreement
  • - Reservation Deposit
  • - Sales and Purchase Agreement
  • - 1st Contract Payment
  • - Payment Installments
  • - Snag List
  • - Transfer

Type A
Installment Milestone Payment
Reservation Deposit
Immediately
£228
2nd Installment
Upon contract signing
£1,140
3rd Installment
18 months installment
£6,850
4th Installment
On handover
95%
Type B
Installment Milestone Payment
Reservation Deposit
Immediately
£114
2nd Installment
Upon contract signing
£685
3rd Installment
18 months installment
£3,540
4th Installment
On handover
95%

Read more here

 

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Pattaya
Nong Prue

Neighborhood Overview

Location and Neighborhood

Street View

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