3 Bedroom House for sale at Palm Spring Villas

(2 Reviews)
Nong Prue, Pattaya, Chon Buri
Unit ID: U1884448
5% Rental Yield
3 Bedrooms
3 Bathrooms
444 SqM Indoor Area
2 Storeys
Dec 2019 Completed

About This House

This property is a 444 SqM house with 3 bedrooms and 3 bathrooms that is available for sale. It is part of the Palm Spring Villas project in Nong Prue, Pattaya and was completed in Dec 2019. You can buy this house for a base price of ฿8,900,000 (฿20,045/SqM) and it is also available for long term rentals starting from ฿40,000 per month.

Palm Spring Villas. House and land size 444 square meters, 3 bedrooms, 3 bathrooms. 
There are facilities.
Air conditioner = 3, Bed = 3, Water heater = 3, Wardrobe = 3, TV = 1, Refrigerator = 1, Electric stove = 1, Oven = 1, Microwave = 1, Smoke hood = 1, Washing machine = 1, Clothes dryer = 1
near the place
- Located in Soi Siam Country Club Opposite Rai Wanasin Market
-Near Pattaya Checkpoint (Motorway)
- In front of the village there is a 7-Eleven.
- Near Mini Big C, about 50 meters.
- Near Government Savings Bank, Bangkok and Siam Commercial Bank, approximately 150 meters.
- About 2-3 kilometers from Sukhumvit Road.
- Approximately 5-6 km from the sea.
Convenient transportation, close to community areas - markets and quiet.

Features

Private PoolPrivate Pool Rooftop TerraceRooftop Terrace TerraceTerrace Covered ParkingCovered Parking BalconyBalcony Full Western KitchenFull Western Kitchen BathtubBathtub Washing MachineWashing Machine MicrowaveMicrowave OvenOven TVTV

Basic Information

Date Listed Jun 26, 2024
Updated 3 days ago
Property Type House (Single Detached)
Storeys 2
Location Nong Prue, Pattaya
Bedrooms 3
Nearest Landmark Dong Tarn Beach -1.6 Km
Indoor Area 444 SqM
Price per SqM ฿20,045
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 Not Allowed
House Ownership

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

Thai Ownership
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.

N/A
Land Title Deed N/A
Construction Completed (Dec 2019)
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, Pool View
Unit Type N/A
Parking Spots 3
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.
฿13,320/mo
Listed By
Private Owner
Electricity Price N/A
Water Price N/A
Unit ID U1884448

Investment Opportunity: Charges & Yield

Sale Price
฿8,900,000
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.
฿13,320/mo
Rent
฿40,000/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.
19
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: Palm Spring Villas
Developer: N/A
Construction: Completed (Dec 2019)
Units: 50
Project Area: N/A
Nearest Landmark Dong Tarn Beach - 1.6 Km
Location: Nong Prue, Pattaya
Palm Spring Villas Project Details

Project Features

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

Available Units at Palm Spring Villas

For Sale 2 For Rent 1
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Frequently Asked Questions

All kind of pets are allowed at Palm Spring Villas including dogs, cats, rabbits, hamsters, guinea pigs, birds, and reptiles.
The common area maintenance fee is €1 per square meter based on the size of indoor area of the property and is €338 for this house. 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 Palm Spring Villas the required payment for the sinking fund is €13 per square meter based on the size of the indoor area of the property.
Dong Tarn Beach is the nearest Beach from Palm Spring Villas and it is 1.6 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 Spring 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

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

4.3 out of 5
Based on
2 Reviews
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Chic villas with unusual designs that emphasize luxury
Esteban Slovinsky, Denmark, 5 years ago
My family and I moved to do a real estate business in Pattaya. I reserved a 3-bedroom villa here. The first point that made me choose this place was the villa's design, which is very chic and unique. I was impressed with the design and furnishings in modern style. My wife likes it very much because of its good location near Pattaya City and attractions. It is also full of shopping malls and restaurants such as Jomtien Beach Night Market, Central Festival Pattaya Beach, and Jomtien Beach Central. Traveling is very convenient and flexible, able to connect everywhere quickly. From the information received from the salesperson and looking at the sample villas, everything is perfect. There are security guards for 24 hours, CCTV cameras around the project. Now, we are waiting for the villa to be completed; it will be completed around the end of this year. In the meantime, I'm always able to watch the progress.
Chic villas with unusual designs that emphasize luxury
Esteban Slovinsky, Denmark, 5 years ago
My family and I moved to do a real estate business in Pattaya. I reserved a 3-bedroom villa here. The first point that made me choose this place was the villa's design, which is very chic and unique. I was impressed with the design and furnishings in modern style. My wife likes it very much because of its good location near Pattaya City and attractions. It is also full of shopping malls and restaurants such as Jomtien Beach Night Market, Central Festival Pattaya Beach, and Jomtien Beach Central. Traveling is very convenient and flexible, able to connect everywhere quickly. From the information received from the salesperson and looking at the sample villas, everything is perfect. There are security guards for 24 hours, CCTV cameras around the project. Now, we are waiting for the villa to be completed; it will be completed around the end of this year. In the meantime, I'm always able to watch the progress.
Pattaya
Nong Prue

Neighborhood Overview

Location and Neighborhood

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