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    Studio Condo for sale at City Center Residence
    Nong Prue, Pattaya, Chon Buri
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    Sale Price
    £43,700
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    Studio Condo for sale at City Center Residence

    (1 Review)
    Nong Prue, Pattaya, Chon Buri
    Unit ID: U1075516
    6% Rental Yield
    Studio Bedroom
    1 Bathroom
    25 SqM Size
    3 Floor
    Dec 2017 Completed
    (1 Review)
    Sale Price
    £43,700
    8

    About This Condo

    This property is a 25 SqM studio condo with 1 bathroom that is available for sale. It is part of the project in Nong Prue, Pattaya and was completed in Dec 2017. You can buy this condo for a base price of £43,700 (£1,750/SqM).

    Features

    BalconyBalcony TVTV

    Basic Information

    Date Listed Mar 11, 2023
    Updated 1 year ago
    Property Type Condo
    Floor 3
    Bedroom Studio
    Size 25 SqM
    Price per SqM £1,750
    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%.

    Thai Quota
    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
    Unit Type N/A
    Building Building 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.
    £28/mo
    Listed By
    Private Owner
    Electricity Price N/A
    Water Price N/A
    Unit ID U1075516

    Investment Opportunity: Charges & Yield

    Sale Price
    £43,700
    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.
    £28/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.
    17
    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 studio condos at City Center Residence, and the current sales price.
    6%

    Project Details

    Project Name: City Center Residence
    Developer: Matrix
    Construction: Completed (Dec 2017)
    Floors: 8
    Buildings: 4
    Units: 639
    Project Area: 7,039 SqM
    Nearest Landmark Central Pattaya Beach - 1.2 Km
    Location: Nong Prue, Pattaya
    City Center Residence Project Details

    Project Features

    Communal Pool Communal Pool
    Jacuzzi Jacuzzi
    Communal Gym Communal Gym
    Bar Bar
    24H Security 24H Security
    CCTV (Video Surveillance) CCTV (Video Surveillance)
    Indoor Kids Zone Indoor Kids Zone
    Car Parking Car Parking
    Sauna Sauna
    Reception / Lobby Area Reception / Lobby Area
    Communal Garden Area Communal Garden Area

    Popular Facilities at City Center Residence

    • All
    • Fitness
    • Leisure
    4
    • Communal Pool
      Ground Floor
    • Communal Gym
      2nd Floor

    Available Units at City Center Residence

    For Sale 6 For Rent 9
    • All
    • Studio
    • 2 Beds
    Get notified when new homes are being added to City Center Residence
    View All (6)

    Loan Calculator

    Frequently Asked Questions

    No pets are allowed at City Center Residence 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 £28 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.
    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 City Center Residence the required payment for the sinking fund is £14 per square meter based on the size of the indoor area of the property.
    Central Pattaya Beach is the nearest Beach from City Center Residence and it is 1.2 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 City Center 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
    £1,160
    1st Installment
    On handover
    100%

    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 out of 5
    Based on
    1 Review
    Maintenance
    Staff / Security
    Facilities on Site
    Quality of Finishing
    Value for Money
    Location
    + Write a review
    Affordable rental price condo
    Anjan Mojica, Mexico, 5 years ago
    My girlfriend and I rented a one-bedroom unit at this condo. It is new with a beautiful design. The common area is clean, and the facilities include a swimming pool, fitness center, sauna, and parking. The staff doesn't smile, so I feel a bit unwelcome. In the evening, people always come to swim and make some noise. Anyway, I love the overall here because the rental price is not expensive. The room is spacious and has quality furniture. The location is perfect; it's easy to travel, close to many tourist attractions such as Pattaya Beach, Pattaya Walking Street, and Central Festival Pattaya Shopping Center. You can get there in 5 minutes or walk for about 20 minutes. I rented a car; it is very convenient to drive anywhere; recommend it here! I will be back here again when I come to Pattaya.
    Pattaya
    Nong Prue

    Neighborhood Overview

    Location and Neighborhood

    Street View

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