3 Bedroom Villa for sale at Mike Orchid Villas

 (Write Review)
Nong Prue, Pattaya, Chon Buri
Unit ID: U1985003
5% Rental Yield
3 Bedrooms
2 Bathrooms
348 SqM Indoor Area
1 Storeys
Completed

About This Villa

This property is a 348 SqM villa with 3 bedrooms and 2 bathrooms that is available for sale. It is part of the project in Nong Prue, Pattaya. You can buy this villa for a base price of £216,000 (£619/SqM) and it is also available for long term rentals starting from £811 per month.

Pool Villa for Sale at Mike Orchid Villa

Pool Villa for Sale at Mike Orchd Villa.Sale price: 9.3 MB.Size: 87 sq.wa. or 348 sq.m.3 bedrooms 2 bathrooms with private swimming poolLocation is in prime location.

Features

Private PoolPrivate Pool

Basic Information

Date Listed Dec 16, 2024
Updated 2 days ago
Property Type Villa
Storeys 1
Location Nong Prue, Pattaya
Bedrooms 3
Nearest Landmark The Chilled Shopping Mall -0.2 Km
Indoor Area 348 SqM
Price per SqM £619
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 N/A
Pets Cats and Dogs (small only)
Villa Ownership

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

Company
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.

Company
Land Title Deed N/A
Construction Completed
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) 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.
N/A
Listed By
Private Owner
Electricity Price N/A
Water Price N/A
Unit ID U1985003

Investment Opportunity: Charges & Yield

Sale Price
£216,000
Rent
£811/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.
22
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.
5%

Project Details

Project Name: Mike Orchid Villas
Developer: N/A
Construction: Completed
Units: 4
Project Area: N/A
Nearest Landmark The Chilled Shopping Mall - 0.2 Km
Location: Nong Prue, Pattaya
Mike Orchid Villas Project Details

Project Features

24H Security 24H Security
Car Parking Car Parking

Available Units at Mike Orchid Villas

For Sale 2 For Rent 4
Get notified when new homes are being added to Mike Orchid Villas
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Frequently Asked Questions

All kind of pets are allowed at Mike Orchid Villas including dogs, cats, rabbits, hamsters, guinea pigs, birds, and reptiles.
The Chilled Shopping Mall is the nearest Shopping Mall from Mike Orchid Villas and it is 0.2 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 Mike Orchid Villas 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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Pattaya
Nong Prue

Neighborhood Overview

Location and Neighborhood

Street View

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Completion Status
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