Unit ID: U1385520
5% Rental Yield
Chomphon, Chatuchak,Bangkok
฿4,390,000
1 Bedroom
1
Bathroom
40 SqM
Size
6
Floor
Dec 2017
Completed

About This Condo

This property is a 40 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the Formosa Ladprao 7 project in Chomphon, Bangkok and was completed in Dec 2017. You can buy this condo for a base price of ฿4,390,000 (฿109,750/SqM) and it is also available for long term rentals starting from ฿19,000 per month.

Features

BalconyBalcony MicrowaveMicrowave

Basic Information

Date Listed Apr 7, 2023
Updated 11 months ago
Property Type Condo
Floor 6
Bedroom 1
Size 40 SqM
Price per SqM ฿109,750
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%.

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 Formosa Ladprao 7
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.
฿1,800/mo
Listed By
Private Owner
Electricity Price N/A
Water Price N/A
Unit ID U1385520

Investment Opportunity: Charges & Yield

Sale Price
฿4,390,000
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.
฿1,800/mo
Rent
฿19,000/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: Formosa Ladprao 7
Developer: Thai-One Property
Construction: Completed (Dec 2017)
Floors: 8
Buildings: 1
Units: 97
Project Area: 7,500 SqM
Nearest Landmark Phahon Yothin MRT - 0.7 Km
Location: Chomphon, Bangkok
Formosa Ladprao 7 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
Reception / Lobby Area Reception / Lobby Area
Back Up Generators Back Up Generators
Key card access Key card access

Popular Facilities at Formosa Ladprao 7

  • Communal Gym
    2nd Floor
  • Co-Working Space / Meeting Room
    2nd Floor
  • Communal Pool
    Ground Floor

Available Units at Formosa Ladprao 7

For Sale 4 For Rent 4
Get notified when new homes are being added to Formosa Ladprao 7
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Loan Calculator

Frequently Asked Questions

No pets are allowed at Formosa Ladprao 7 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 ฿45 per square meter based on the size of indoor area of the property and is ฿1,800 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 Formosa Ladprao 7 the required payment for the sinking fund is ฿500 per square meter based on the size of the indoor area of the property.
Phahon Yothin MRT is the nearest MRT Station from Formosa Ladprao 7 and it is 0.7 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 Formosa Ladprao 7 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

4.8 out of 5
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Condo near Lat Phrao Intersection
Anne Pultz, Canada, 3 years ago
It's a condo in Soi Lat Phrao 7, close to Phahon Yothin MRT, CentralPlaza Lat Phrao, Union Mall, Chatuchak Weekend Market, etc. It is very convenient with the main roads, including Vibhavadi Rangsit Road, Phahonyothin Road, and Sutthisan Road. The estate's atmosphere is not crowded because of the small number of units. The project also includes amenities, such as the swimming pool, the fitness center, the library, and more. The room I rented is a 2-bedroom unit that is tastefully decorated and well-organized. I think it is suitable for those looking for a condo in the heart of the city at a reasonable price.
Bangkok
Chomphon

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby Formosa Ladprao 7

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Sales Prices
Monthly Rentals
Year Built
Completion Status
Project Name
Location
Number of units
Sales Prices
Monthly Rentals
Year Built
Completion Status
Project Name
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Location
Chomphon, Chatuchak, Bangkok
Number of units
168
Sales Prices
฿3.3M - ฿25M
▼ -32% underpriced
Monthly Rentals
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Project Name
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Location
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Number of units
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Monthly Rentals
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Location
Chomphon, Chatuchak, Bangkok
Number of units
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Location
Chomphon, Chatuchak, Bangkok
Number of units
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฿3.05M - ฿4.64M
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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
193
Sales Prices
฿4.19M - ฿7.6M
Monthly Rentals
฿22K - ฿35K
Year Built
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Completion Status
Completed
Location
Chomphon, Chatuchak, Bangkok
Number of units
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Sales Prices
฿3.76M
Monthly Rentals
N/A
Year Built
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Completion Status
Completed
Project Name
The Unique 10
Location
Chomphon, Chatuchak, Bangkok
Number of units
127
Sales Prices
฿3.39M - ฿3.5M
▼ -23% underpriced
Monthly Rentals
฿10K
Year Built
Dec 2013
Completion Status
Completed
Location
Chomphon, Chatuchak, Bangkok
Number of units
741
Sales Prices
฿4.1M - ฿8.16M
Monthly Rentals
N/A
Year Built
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Completion Status
Off Plan
Project Name
Vibhavadi Suite
Location
Chomphon, Chatuchak, Bangkok
Number of units
N/A
Sales Prices
฿7.6M - ฿12.5M
Monthly Rentals
฿10.5K - ฿25K
Year Built
Dec 1991
Completion Status
Completed
Project Name
The Zest Ladprao
Location
Chomphon, Chatuchak, Bangkok
Number of units
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Sales Prices
฿3.5M
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Monthly Rentals
฿8.5K - ฿13.5K
Year Built
Dec 2007
Completion Status
Completed
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