Unit ID: U68614
7% Rental Yield
Nong Prue, Pattaya, Chon Buri
฿2,100,000 Great Price
1 Bedroom
1
Bathroom
50 SqM
Size
8
Floor
Jun 2012
Completed

About This Penthouse

This property is a 50 SqM penthouse with 1 bedroom and 1 bathroom that is available for sale. It is part of the Porch Land 2 project in Nong Prue, Pattaya and was completed in Jun 2012. You can buy this penthouse for a base price of ฿2,100,000 (฿42,000/SqM) and it is also available for long term rentals starting from ฿13,000 per month.

Features

BalconyBalcony

Basic Information

Date Listed Mar 22, 2018
Updated 1 week ago
Property Type Penthouse
Floor 8
Bedroom 1
Size 50 SqM
Price per SqM ฿42,000
Pets Not Allowed
Penthouse 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) 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.
฿500/mo
Listed By
Private Owner
Electricity Price N/A
Water Price N/A
Unit ID U68614

Price Analysis

Great Price
Estimated market value ฿3,956,574
Great
฿2,230,000
Good
Fair
Above
฿5,850,000
Current asking Price: ฿2,100,000 | Advertised rental rate: ฿13,000/mo
This penthouse is ฿1,856,574 BELOW MARKET (-47%) in the Pattaya area. It is analyzed against similar penthouses 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
฿2,100,000
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.
฿500/mo
Rent
฿13,000/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.
13
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.
7%

Project Details

Project Name: Porch Land 2
Construction: Completed (Jun 2012)
Floors: 8
Buildings: N/A
Units: 154
Project Area: N/A
Nearest Landmark Pattaya Floating Market - 1.1 Km
Location: Nong Prue, Pattaya
Porch Land 2 Project Details

Project Features

On Site Restaurant On Site Restaurant
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 Porch Land 2

For Sale 1 For Rent 1
Get notified when new homes are being added to Porch Land 2
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Loan Calculator

Frequently Asked Questions

The common area maintenance fee is ฿10 per square meter based on the size of indoor area of the property and is ฿500 for this penthouse. 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.
Pattaya Floating Market is the nearest Market from Porch Land 2 and it is 1.1 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 Porch Land 2 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

Do you own a property at Porch Land 2 ?

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Reviews

4.5 out of 5
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Good atmosphere, near Jomtien Beach
Nadine O., Norway, 3 years ago
The project atmosphere is extremely good. Every area is designed in a resort-style. Despite its proximity to the main road, it provides privacy. It is not crowded because there aren't many units. It can meet the needs of those who want to enjoy privacy. The location is excellent, just 10 minutes away from Jomtien Beach. The project is surrounded by numerous facilities, such as hospitals, department stores, tourist attractions, convenience stores, restaurants, etc. Besides, my one-bedroom unit has a large balcony and a beautiful sea view. The room also has an amazing interior design, and the material is high quality. As for the common area, there are many facilities available, such as a swimming pool, fitness center, saunas, etc. I frequently use it and am very happy.
Pattaya
Nong Prue

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby Porch Land 2

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
Nong Prue, Pattaya, Chon Buri
Number of units
129
Sales Prices
฿1.97M - ฿4.67M
▼ -3.6% underpriced
Monthly Rentals
N/A
Year Built
Dec 2018
Completion Status
Completed
Project Name
La Santir
Location
Nong Prue, Pattaya, Chon Buri
Number of units
523
Sales Prices
฿1.51M - ฿5.14M
▼ -18.3% underpriced
Monthly Rentals
฿7.5K - ฿14K
Year Built
Nov 2015
Completion Status
Completed
Project Name
Baan Suan Lalana
Location
Nong Prue, Pattaya, Chon Buri
Number of units
459
Sales Prices
฿1.14M - ฿18M
▼ -46% underpriced
Monthly Rentals
฿9K - ฿70K
Year Built
Dec 1991
Completion Status
Completed
Project Name
Adare Villas
Location
Nong Prue, Pattaya, Chon Buri
Number of units
9
Sales Prices
฿6.25M
Monthly Rentals
฿30K
Year Built
Jun 2010
Completion Status
Completed
Project Name
Trio Gems
Location
Nong Prue, Pattaya, Chon Buri
Number of units
315
Sales Prices
฿1.15M - ฿1.58M
▲ 12.1% overpriced
Monthly Rentals
N/A
Year Built
Apr 2017
Completion Status
Completed
Location
Nong Prue, Pattaya, Chon Buri
Number of units
299
Sales Prices
฿1.88M - ฿47.3M
Monthly Rentals
N/A
Year Built
Jul 1993
Completion Status
Completed
Location
Nong Prue, Pattaya, Chon Buri
Number of units
1846
Sales Prices
฿1.65M - ฿1.79M
▼ -28% underpriced
Monthly Rentals
฿7K - ฿10K
Year Built
May 2014
Completion Status
Completed
Location
Nong Prue, Pattaya, Chon Buri
Number of units
1094
Sales Prices
฿1.8M - ฿7.1M
▼ -18% underpriced
Monthly Rentals
฿7K - ฿35K
Year Built
Jan 2018
Completion Status
Completed
Project Name
Seven Seas Resort
Location
Nong Prue, Pattaya, Chon Buri
Number of units
1520
Sales Prices
฿2.2M - ฿15M
▼ -5.4% underpriced
Monthly Rentals
฿7.5K - ฿35K
Year Built
Nov 2016
Completion Status
Completed
Location
Nong Prue, Pattaya, Chon Buri
Number of units
44
Sales Prices
฿9.99M - ฿13M
Monthly Rentals
N/A
Year Built
Dec 2010
Completion Status
Completed
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