Unit ID: U179282
5% Rental Yield
Makkasan, Ratchathewi,Bangkok
฿3,990,000
1 Bedroom
1
Bathroom
27 SqM
Size
14
Floor
Dec 2018
Completed

About This Condo

This property is a 27 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the Lumpini Suite Phetchaburi - Makkasan project in Makkasan, Bangkok and was completed in Dec 2018. You can buy this condo for a base price of ฿3,990,000 (฿147,778/SqM).

Features

BalconyBalcony

Basic Information

Date Listed Sep 23, 2019
Updated 3 years ago
Property Type Condo
Floor 14
Bedroom 1
Size 27 SqM
Price per SqM ฿147,778
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%.

Foreign 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, Blocked 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.
฿1,080/mo
Listed By
Private Owner
Electricity Price N/A
Water Price N/A
Unit ID U179282

Price Analysis

Above Average
Estimated market value ฿3,665,620
Great
฿3,440,000
Good
Fair
Above
฿3,940,000
Current asking Price: ฿3,990,000 | Rental estimate: ฿15,600/mo
This condo is ฿324,380 ABOVE MARKET (9%) in the Bangkok 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
฿3,990,000
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.
฿1,080/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.
21
Rental Yield
This is the gross rental yield based on the estimated rental rate. To calculate this figure we use the average monthly rent rates (for 1-year contracts) from other 1 bedroom condos at Lumpini Suite Phetchaburi - Makkasan, and the current sales price.
5%

Project Details

Developer: LPN Development
Construction: Completed (Dec 2018)
Floors: 35
Buildings: N/A
Units: 636
Project Area: 5,084 SqM
Nearest Landmark Phetchaburi MRT - 0.9 Km
Location: Makkasan, Bangkok
Lumpini Suite Phetchaburi - Makkasan Project Details

Project Features

Communal Pool Communal Pool
Communal Gym Communal Gym
Bar Bar
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Indoor Kids Zone Indoor Kids Zone
Car Parking Car Parking
Steam Room Steam Room
Sauna Sauna
Reception / Lobby Area Reception / Lobby Area
Co-Working Space / Meeting Room Co-Working Space / Meeting Room
Communal Garden Area Communal Garden Area
Key card access Key card access
Shuttle Bus Shuttle Bus

Available Units at Lumpini Suite Phetchaburi - Makkasan

For Sale 9 For Rent 19
Get notified when new homes are being added to Lumpini Suite Phetchaburi - Makkasan
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Frequently Asked Questions

No pets are allowed at Lumpini Suite Phetchaburi - Makkasan 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 ฿1,080 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.
Phetchaburi MRT is the nearest MRT Station from Lumpini Suite Phetchaburi - Makkasan 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 Lumpini Suite Phetchaburi - Makkasan 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
Newly built condo with a nice view
Traipop U., Thailand, 5 years ago
It is a newly completed condo at the end of 2018. The room I bought is a 1-bedroom unit. The interior design is absolutely spacious and well divided into great proportions. The decoration is entirely luxurious and unique, as well as the expansive common areas. It is fully equipped to meet all genders and ages. It is imposing to live here. Furthermore, the location is close to MRT and ARL, and I never deal with traffic jams during rush hour, making my life much easier. The project is also close to many leading department stores, such as Central World, Terminal 21, and Fortune Town, such a genuinely perfect neighborhood.
Bangkok
Makkasan

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby Lumpini Suite Phetchaburi - Makkasan

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
Location
Makkasan, Ratchathewi, Bangkok
Number of units
917
Sales Prices
฿3.3M - ฿18M
▼ -9.9% underpriced
Monthly Rentals
฿16.5K - ฿220K
Year Built
Dec 2012
Completion Status
Completed
Location
Makkasan, Ratchathewi, Bangkok
Number of units
477
Sales Prices
฿6.5M - ฿33.8M
▼ -3.3% underpriced
Monthly Rentals
฿20K - ฿200K
Year Built
Jan 2014
Completion Status
Completed
Project Name
Tower Park
Location
Khlong Toei Nuea, Ratchathewi, Bangkok
Number of units
128
Sales Prices
฿36.1M - ฿48M
Monthly Rentals
฿80K - ฿120K
Year Built
Dec 1992
Completion Status
Completed
Location
Khlong Toei Nuea, Ratchathewi, Bangkok
Number of units
60
Sales Prices
฿6.2M - ฿14.5M
▼ -7% underpriced
Monthly Rentals
฿29K - ฿49K
Year Built
Dec 1991
Completion Status
Completed
Project Name
Kallista Mansion
Location
Khlong Toei Nuea, Ratchathewi, Bangkok
Number of units
84
Sales Prices
฿28M - ฿40M
▼ -7% underpriced
Monthly Rentals
฿75K - ฿125K
Year Built
Dec 1997
Completion Status
Completed
Project Name
Ruamjai Heights
Location
Khlong Toei Nuea, Ratchathewi, Bangkok
Number of units
80
Sales Prices
฿8.7M - ฿23.7M
▼ -32.5% underpriced
Monthly Rentals
฿19K - ฿90K
Year Built
Jan 1992
Completion Status
Completed
Project Name
Liberty Park 2
Location
Khlong Toei Nuea, Ratchathewi, Bangkok
Number of units
136
Sales Prices
฿7.98M - ฿23.5M
▼ -42.3% underpriced
Monthly Rentals
฿35K - ฿75K
Year Built
Dec 1998
Completion Status
Completed
Location
Khlong Toei Nuea, Ratchathewi, Bangkok
Number of units
170
Sales Prices
฿4.7M - ฿40M
▲ 13% overpriced
Monthly Rentals
฿20K - ฿120K
Year Built
Dec 2006
Completion Status
Completed
Location
Khlong Toei Nuea, Ratchathewi, Bangkok
Number of units
143
Sales Prices
฿3.8M - ฿21M
▲ 4% overpriced
Monthly Rentals
฿16K - ฿40K
Year Built
Dec 2016
Completion Status
Completed
Location
Khlong Toei Nuea, Ratchathewi, Bangkok
Number of units
73
Sales Prices
฿5.5M - ฿16.6M
▼ -6.3% underpriced
Monthly Rentals
฿20K - ฿50K
Year Built
Dec 2003
Completion Status
Completed
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