Studio Condo for sale at Rawai Beach Condominium

(1 Review)
Rawai, Phuket Town,Phuket
Unit ID: U1411006
7% GUAR. RETURN FOR 3 YEARS
Studio Bedroom
1 Bathroom
25 SqM Size
2 Floor
Jun 2021 Completed

About This Condo

This property is a 25 SqM studio condo with 1 bathroom that is available for sale. It is part of the Rawai Beach Condominium project in Rawai, Phuket and was completed in Jun 2021. You can buy this condo for a base price of £54,300 (£2,170/SqM).

Features

BalconyBalcony

Basic Information

Date Listed Jun 2, 2023
Updated 2 months ago
Property Type Condo
Floor 2
Bedroom Studio
Size 25 SqM
Price per SqM £2,170
Pets Not Allowed
Condo Ownership

Foreign nationals can be freehold owners of condominium units, in buildings where not 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 that is currently below 49%.

Leasehold
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) Mountain View
Unit Type N/A
Building 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.
£33/mo
Listed By
Private Owner
Electricity Price N/A
Water Price N/A
Unit ID U1411006

Investment Opportunity: Charges & Yield

Sale Price
£54,300
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.
£33/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.
15
Guaranteed Rental Return
7%
Guarantee Duration
3 Years

Project Details

Project Name: Rawai Beach Condominium
Developer: N/A
Construction: Completed (Jun 2021)
Floors: 5
Buildings: N/A
Units: 79
Project Area: N/A
Nearest Landmark Phromthep Cape - 0.9 Km
Location: Rawai, Phuket
Rawai Beach Condominium Project Details

Project Features

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

Available Units at Rawai Beach Condominium

For Sale 4 For Rent 2
Get notified when new homes are being added to Rawai Beach Condominium
View All (4)

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Frequently Asked Questions

No pets are allowed at Rawai Beach Condominium 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 £33 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 Rawai Beach Condominium the required payment for the sinking fund is £13 per square meter based on the size of the indoor area of the property.
Rawai Beach Condominium offers a guaranteed rental return of 7% (based on the purchase price of the property) for a duration of 3 Years.
Read more here.
Phromthep Cape is the nearest Tourist Attraction from Rawai Beach Condominium and it is 0.9 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 Rawai Beach Condominium you have to follow these steps:

  • - Agreement of terms and conditions
  • - Reservation Agreement
  • - Reservation Deposit
  • - Sales and Purchase Agreement
  • - Settlement & Transfer

 


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

Sale Price : ฿5,759,000
FazWaz Estimate : ฿5,550,000
Price Rating : Great Price
Sale Price : ฿12,140,999
FazWaz Estimate : ฿11,990,999
Price Rating : Great Price
Sale Price : ฿1299,999
FazWaz Estimate : ฿179,999
Price Rating : Overpriced
Sale Price : ฿159,999
FazWaz Estimate : ฿149,999
Price Rating : Fair Price

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Reviews

5 out of 5
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Perfect property for long-term investment.
Jason 4321, Russia, 3 years ago
I believe this condo is definitely an investment in the future. The project also includes a 7% rental guarantee for up to 3 years. In addition, the condo is located in the perfect location to relax, and it takes only a few minute's walks to Yanui Beach. There are completed facilities for residents of all ages, such as a swimming pool, fitness center, kids playground, and garden. The most important thing is the affordable price, starting from 2 million baht.
Phuket
Rawai

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby Rawai Beach Condominium

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Number of units
Sales Prices
Monthly Rentals
Year Built
Completion Status
Project Name
Location
Number of units
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Year Built
Completion Status
Project Name
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Location
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Sales Prices
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Year Built
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Completion Status
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Location
Rawai, Phuket Town, Phuket
Number of units
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Sales Prices
£93.4K - £462K
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Monthly Rentals
N/A
Year Built
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Completion Status
Completed
Location
Rawai, Phuket Town, Phuket
Number of units
48
Sales Prices
£78.2K - £191K
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Completion Status
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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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Location
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Year Built
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Completion Status
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