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    3 Bedroom Villa for sale at The Residence
    Thep Krasattri, Thalang,Phuket
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    Sale Price
    £578,000
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    3 Bedroom Villa for sale at The Residence

     (Write Review)
    Thep Krasattri, Thalang,Phuket
    Unit ID: U1686744
    11% Rental Yield
    3 Bedrooms
    5 Bathrooms
    352 SqM Indoor Area
    3 Storeys
    Completed
     (Write Review)
    Sale Price
    £578,000
    25

    About This Villa

    This property is a 352 SqM villa with 3 bedrooms and 5 bathrooms that is available for sale. It is part of the project in Thep Krasattri, Phuket. You can buy this villa for a base price of £578,000 (£1,640/SqM).

    Welcome to The Residence, an exquisite luxury Smart Home Development nestled in the heart of Thalang, Phuket. These breathtaking villas are crafted with innovation and cutting-edge technology, providing unparalleled convenience right at your fingertips. Even before your arrival, you can effortlessly customize the environmental conditions of your home and so much more. Conveniently situated 15 minutes away from one of Phuket's finest beaches, a mere 10 minutes from an esteemed international school, and a short 25-minute drive from the airport, these developments are tucked away in a rare hidden gem, boasting a perfect blend of prime location, stunning beauty, and unique architectural charm. The residence prime villa 
 Location Bandon-Cherngtalay, Thalang.

This property is a 352 Sqm. villa with 3 bedrooms and 3 bathrooms for sale and ready to move in.

    Project NameThe Residence
    Land Area: 8,769.60 sq. m.
    Project Owner: Andaman Asset Solution Co., Ltd.
    Concept Design: Urban Life VillaUnit Size: Approximately 350 Sq.M. of useable space
    Room : 3 Bedrooms, 3 Ensuite Bathroom, 2 Restrooms
    Project Facility ; Clubhouse Common Pool Co-working Space Fitness Security Reception

     

    Features

    Private PoolPrivate Pool JacuzziJacuzzi Covered ParkingCovered Parking BalconyBalcony Full Western KitchenFull Western Kitchen BathtubBathtub

    Basic Information

    Date Listed Nov 21, 2024
    Updated 1 month ago
    Property Type Villa
    Storeys 3
    Location Thep Krasattri, Phuket
    Bedrooms 3
    Nearest Landmark Bang Tao Beach -3.5 Km
    Indoor Area 352 SqM
    Price per SqM £1,640
    Outdoor Area
    This is the combined size of the terrace, pool, parking area, and sala. It does not include the size of the garden.
    568 SqM
    Plot Size 568 SqM
    Pets All Kind of Pets Allowed
    Villa Ownership

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

    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.

    Leasehold
    Land Title Deed Chanote
    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.
    £116,000/mo
    Listed By
    Each listing provided by partnered agents is individually verified by LivePhuket. Partner Agents work for different brokerages or property management companies but have teamed up with LivePhuket so that we can provide you a wider choice of properties
    Agent / Partner
    Electricity Price N/A
    Water Price N/A
    Unit ID U1686744

    Investment Opportunity: Charges & Yield

    Sale Price
    £578,000
    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.
    £116,000/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.
    9
    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 villas at The Residence, and the current sales price.
    11%

    Project Details

    Project Name: The Residence
    Developer: Andaman Asset Solution Co., Ltd.
    Construction: Completed (Apr 2022)
    Units: 24
    Project Area: 8,770 SqM
    Nearest Landmark Bang Tao Beach - 3.5 Km
    Location: Thep Krasattri, Phuket
    The Residence Project Details

    Project Features

    Communal Pool Communal Pool
    Communal Gym Communal Gym
    Clubhouse Clubhouse
    24H Security 24H Security
    CCTV (Video Surveillance) CCTV (Video Surveillance)
    Reception / Lobby Area Reception / Lobby Area

    Popular Facilities at The Residence

    • All
    • Leisure
    3
    • Communal Pool
      1st Floor

    Available Units at The Residence

    For Sale 6 For Rent 6
    • All
    • 3 Beds
    Get notified when new homes are being added to The Residence
    View All (6)

    Loan Calculator

    Payment Plan

    Installment Milestone Payment
    Reservation Deposit
    Immediately
    £463
    1st Installment
    Upon contract signing
    30%
    2nd Installment
    Super Structure
    30%
    3rd Installment
    Topping Out
    20%
    4th Installment
    On handover
    20%

    Frequently Asked Questions

    All kind of pets are allowed at The Residence including dogs, cats, rabbits, hamsters, guinea pigs, birds, and reptiles.
    The common area maintenance fee is £204 per square meter based on the plot size of the property and is £116,000 for this villa. 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.
    For new projects, the buyer pays a one-off lump sum upon transfer of the property from the developer to the buyer. This fund is to be used for major renovations and replacement of equipment when necessary, to ensure the maintenance of the building and the common area. At The Residence the required payment for the sinking fund is £4,080 per square meter based on the size of the plot size of the property.
    Bang Tao Beach is the nearest Beach from The Residence and it is 3.5 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 Residence you have to follow these steps:

    • - Agreement of terms and conditions
    • - Reservation Agreement
    • - Reservation Deposit
    • - Sales and Purchase Agreement
    • - Settlement & Transfer
    Installment Milestone Payment
    Reservation Deposit
    Immediately
    £463
    1st Installment
    Upon contract signing
    30%
    2nd Installment
    Super Structure
    30%
    3rd Installment
    Topping Out
    20%
    4th Installment
    On handover
    20%


    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
    Thep Krasattri

    Neighborhood Overview

    Location and Neighborhood

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    Projects Nearby The Residence

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    The Residence Prime
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    Year Built
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    Completion Status
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    Project Name
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    Number of units
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    Sales Prices
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    Monthly Rentals
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    Year Built
    Jan 2025
    Completion Status
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    Project Name
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    Location
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    Number of units
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    Sales Prices
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    Monthly Rentals
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    Year Built
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    Completion Status
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    Project Name
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    Location
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    Number of units
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    Sales Prices
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    Monthly Rentals
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    Year Built
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    Location
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    Number of units
    16
    Sales Prices
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    ▼ -12.5% underpriced
    Monthly Rentals
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    Completion Status
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    Location
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    Number of units
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    Sales Prices
    £393K - £599K
    Monthly Rentals
    £2.08K - £5.09K
    Year Built
    Jan 2014
    Completion Status
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    Project Name
    Ban Don Garden Home
    Location
    Thep Krasattri, Thalang, Phuket
    Number of units
    46
    Sales Prices
    £231K
    Monthly Rentals
    £1.85K
    Year Built
    May 2006
    Completion Status
    Completed
    Projects Nearby The Residence
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    Peykaa Estate Villas
    East Bangtao Ville
    Ananda Lake View
    Mouana Serenity Cherngtalay
    Baan Kanjanaville
    Baan Don Village
    Botanica The Residence (Phase 4)
    The Kiri Villas
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