Unit ID: U564398
Bang Rak Phatthana, Bang Bua Thong,Nonthaburi
฿1,290,000 Great Price
1 Bedroom
1
Bathroom
24 SqM
Size
1
Floor
Dec 2017
Completed

About This Condo

This property is a 24 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the IRIS Westgate project in Bang Rak Phatthana, Nonthaburi and was completed in Dec 2017. You can buy this condo for a base price of ฿1,290,000 (฿53,750/SqM).

Features

BalconyBalcony Access to BTS/MRTAccess to BTS/MRT

Basic Information

Date Listed May 4, 2020
Updated 3 years ago
Property Type Condo
Floor 1
Bedroom 1
Size 24 SqM
Price per SqM ฿53,750
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
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) Pool 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.
฿960/mo
Listed By
Each listing provided by partnered agents is individually verified by SamuiTimes. Partner Agents work for different brokerages or property management companies but have teamed up with SamuiTimes so that we can provide you a wider choice of properties
Agent / Partner
Electricity Price N/A
Water Price N/A
Unit ID U564398

Price Analysis

Great Price
Estimated market value ฿2,180,506
Great
฿1,230,000
Good
Fair
Above
฿2,930,000
Current asking Price: ฿1,290,000
This condo is ฿890,506 BELOW MARKET (-41%) in the Nonthaburi area. It is analyzed against similar condos and is based on previous transaction data, the current market situation, neighborhood details, and the specific details of this property.
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Investment Opportunity: Charges & Yield

Sale Price
฿1,290,000
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.
฿960/mo

Project Details

Project Name: IRIS Westgate
Developer: Iris Group
Construction: Completed (Dec 2017)
Floors: 8
Buildings: 6
Units: 900
Project Area: 15,494 SqM
Nearest Landmark Khlong Bang Phai MRT - 0.4 Km
Location: Bang Rak Phatthana, Nonthaburi
IRIS Westgate Project Details

Project Features

Communal Pool Communal Pool
Communal Gym Communal Gym
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Outdoor Putting Green Outdoor Putting Green
Communal Garden Area Communal Garden Area
Key card access Key card access

Popular Facilities at IRIS Westgate

  • Communal Pool
    1st Floor
  • Communal Gym
    3rd Floor

Available Units at IRIS Westgate

Get notified when new homes are being added to IRIS Westgate
View All (11)

Loan Calculator

Payment Plan

Installment Milestone Payment
Reservation Deposit
Immediately
฿999
1st Installment
Upon contract signing
฿4,001
2nd Installment
On handover
100%

Frequently Asked Questions

No pets are allowed at IRIS Westgate 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 ฿40 per square meter based on the size of indoor area of the property and is ฿960 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 IRIS Westgate the required payment for the sinking fund is ฿300 per square meter based on the size of the indoor area of the property.
Khlong Bang Phai MRT is the nearest MRT Station from IRIS Westgate and it is 0.4 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 IRIS Westgate 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
฿999
1st Installment
Upon contract signing
฿4,001
2nd 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

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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Nonthaburi
Bang Rak Phatthana

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby IRIS Westgate

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฿2.39M
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▼ -33% underpriced
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฿14.5M - ฿29.5M
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Number of units
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Sales Prices
฿720K - ฿2.29M
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Year Built
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Bang Rak Phatthana, Bang Bua Thong, Nonthaburi
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Completion Status
Completed
Location
Bang Rak Phatthana, Bang Bua Thong, Nonthaburi
Number of units
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Sales Prices
฿1.45M - ฿2.5M
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Year Built
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Completion Status
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