Studio House for sale at Palm View Residence

 (Write Review)
Pong, Pattaya, Chon Buri
Unit ID: U1918188
26% Rental Yield
Studio Bedroom
1 Bathroom
21 SqM Indoor Area
1 Storeys
May 2021 Completed

About This House

This property is a 21 SqM studio house with 1 bathroom that is available for sale. It is part of the project in Pong, Pattaya and was completed in May 2021. You can buy this house for a base price of £6,380 (£304/SqM) and it is also available for long term rentals starting from £137 per month.

This house is perfect for vacation escape, located inside a very quiet natural tropical environment with sunny and warm days, and evenings every day. And it is much cheaper than you can imagine. Perfect for retirees, or singles, that finally can enjoy summer weather for 6 months or longer with no exceptions. Very close access to the bustling city of Pattaya and many tropical sand beaches to explore. This area of Thailand offers the very best and most stable weather, especially during the winter season.European standard and quality. A place to relax and enjoy the fantastic weather in Thailand. It is located inside a tropical resort environment. Very close to the village Pong and Lake Mabrachan where you can enjoy restaurants, 7/11, Tesco Lotus, a local fresh market with very cheap groceries, and many smaller shops. 2 km to Highway 7 and Road 36 will connect you easily to almost everything that Pattaya offers. Minibus to Pattaya north.Now for sale at a highly discounted price, now only 280.000 THB. The normal price is 350.000 THB. NOW promotion: Includes assessories and furniture worth around 80.000. More or less ready to move in. You pay a fee per month, 2700 THB only, for rent of the land and community services.A true opportunity. Land not for sale.

Features

TerraceTerrace

Basic Information

Date Listed Aug 26, 2024
Updated 1 month ago
Property Type House (Single Detached)
Storeys 1
Location Pong, Pattaya
Bedroom Studio
Nearest Landmark Party Market -1.1 Km
Indoor Area 21 SqM
Price per SqM £304
Outdoor Area
This is the combined size of the terrace, pool, parking area, and sala. It does not include the size of the garden.
10 SqM
Plot Size 50 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.

Foreign Ownership, 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 N/A
Construction Completed (May 2021)
Furniture
Partly furnished means the property contains the basics i.e. beds, sofa, table and chairs, wardrobes but no electronic appliances, utensils and glassware in the kitchen.
Partly Furnished
View(s) Garden View
Unit Type N/A
Parking Spots 9
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 U1918188

Investment Opportunity: Charges & Yield

Sale Price
£6,380
Rent
£137/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.
4
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.
26%

Project Details

Project Name: Palm View Residence
Developer: N/A
Construction: Completed (May 2010)
Units: 10
Project Area: N/A
Nearest Landmark Party Market - 1.1 Km
Location: Pong, Pattaya
Palm View Residence Project Details

Project Features

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

Available Units at Palm View Residence

For Sale 1 For Rent 1
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Frequently Asked Questions

All kind of pets are allowed at Palm View Residence including dogs, cats, rabbits, hamsters, guinea pigs, birds, and reptiles.
Party Market is the nearest Market from Palm View Residence and it is 1.1 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 Palm View 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
1st Installment
On handover
100%


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
Pong

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby Palm View Residence

Location
Number of units
Sales Prices
Monthly Rentals
Year Built
Completion Status
Project Name
Location
Number of units
Sales Prices
Monthly Rentals
Year Built
Completion Status
Project Name
Living Grand Home
Location
Pong, Pattaya, Chon Buri
Number of units
7
Sales Prices
£182K
Monthly Rentals
N/A
Year Built
Nov 2019
Completion Status
Completed
Location
Pong, Pattaya, Chon Buri
Number of units
11
Sales Prices
£679K - £1.48M
▲ 22% overpriced
Monthly Rentals
£2.95K
Year Built
May 2012
Completion Status
Completed
Location
Pong, Pattaya, Chon Buri
Number of units
7
Sales Prices
£148K - £193K
Monthly Rentals
N/A
Year Built
Dec 2022
Completion Status
Completed
Location
Pong, Pattaya, Chon Buri
Number of units
21
Sales Prices
£338K - £1.48M
▲ 2.7% overpriced
Monthly Rentals
£1.93K - £3.63K
Year Built
Dec 2019
Completion Status
Completed
Location
Pong, Pattaya, Chon Buri
Number of units
N/A
Sales Prices
£59.4K
Monthly Rentals
N/A
Year Built
Mar 2022
Completion Status
Completed
Project Name
Sedona Villas 1
Location
Pong, Pattaya, Chon Buri
Number of units
20
Sales Prices
£629K
Monthly Rentals
£2.5K - £2.84K
Year Built
Dec 2013
Completion Status
Completed
Location
Pong, Pattaya, Chon Buri
Number of units
28
Sales Prices
£543K - £1.48M
▲ 23% overpriced
Monthly Rentals
N/A
Year Built
N/A
Completion Status
Made To Order
Location
Pong, Pattaya, Chon Buri
Number of units
7
Sales Prices
£1.13M
Monthly Rentals
N/A
Year Built
N/A
Completion Status
Made To Order
Location
Pong, Pattaya, Chon Buri
Number of units
6
Sales Prices
£406K
Monthly Rentals
N/A
Year Built
N/A
Completion Status
Off Plan
Project Name
Lakeside Court
Location
Pong, Pattaya, Chon Buri
Number of units
20
Sales Prices
£227K
▼ -50% underpriced
Monthly Rentals
£1.14K
Year Built
Dec 2008
Completion Status
Completed
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