Unit ID: U161078
8% Rental Yield
Surasak, Pattaya, Chon Buri
฿8,000,000 ฿8,500,000
4 Bedrooms
5
Bathrooms
274 SqM
Indoor Area
2
Storeys
Dec 2011
Completed

About This House

This property is a 274 SqM house with 4 bedrooms and 5 bathrooms that is available for sale. It is part of the Casa Legend Sriracha project in Surasak, Pattaya and was completed in Dec 2011. You can buy this house for a base price of ฿8,000,000 (฿29,197/SqM) and it is also available for long term rentals starting from ฿50,000 per month.

Features

Private GardenPrivate Garden TerraceTerrace Covered ParkingCovered Parking

Basic Information

Date Listed Oct 9, 2019
Updated 4 years ago
Property Type House
Storeys 2
Location Surasak, Pattaya
Bedrooms 4
Nearest Landmark Koh Loy Ko Sichang Ferry Port -9.1 Km
Indoor Area 274 SqM
Price per SqM ฿29,197
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 274.40 SqM
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.

Thai Ownership
Land Title Deed Chanote
Construction Completed (Dec 2011)
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) Park View, Garden View, Blocked View
Unit Type N/A
Parking Spots 2
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.
฿6,850/mo
Listed By
Private Owner
Electricity Price N/A
Water Price N/A
Unit ID U161078

Investment Opportunity: Charges & Yield

Sale Price
฿8,000,000
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.
฿6,850/mo
Rent
฿50,000/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.
8%

Project Details

Project Name: Casa Legend Sriracha
Developer: N/A
Construction: Completed (Dec 2011)
Units: 87
Project Area: N/A
Nearest Landmark Koh Loy Ko Sichang Ferry Port - 9.1 Km
Location: Surasak, Pattaya
Casa Legend Sriracha 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 Casa Legend Sriracha

For Sale 1 For Rent 1
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Frequently Asked Questions

The common area maintenance fee is ฿25 per square meter based on the size of indoor area of the property and is ฿6,850 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 Casa Legend Sriracha the required payment for the sinking fund is ฿400 per square meter based on the size of the indoor area of the property.
Koh Loy Ko Sichang Ferry Port is the nearest Pier from Casa Legend Sriracha and it is 9.1 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 Casa Legend Sriracha 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 out of 5
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
A detached house project with a good environment
Pimwarang A., Thailand, 5 years ago
It's an interesting project in the Surasak area that is filled with numerous facilities, such as clubhouse, swimming pool, fitness, and many more. I bought a 4-bedroom house here, which is quite spacious, with practical space. Plus, the interior design is beautiful, modern, and luxurious. The first time I visited the project, I could sense a pleasant atmosphere refreshingly since many small and large trees lined all over the project. What's more, it is very secure, which I am very impressed with. Moreover, the project is located close to my office, it is very convenient and saves time commuting to work. I made the right decision buying a detached house here because it is very pleasing and matches my lifestyle very much.
Pattaya
Surasak

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby Casa Legend Sriracha

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Sales Prices
Monthly Rentals
Year Built
Completion Status
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Number of units
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Location
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Number of units
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฿1.2M - ฿1.5M
Monthly Rentals
฿6.49K
Year Built
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Completion Status
Completed
Project Name
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Number of units
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฿1.99M
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Surasak, Si Racha, Chon Buri
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Surasak, Si Racha, Chon Buri
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Completed
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฿2.99M - ฿3M
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N/A
Year Built
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Completion Status
Completed
Location
Nong Kham, Si Racha, Chon Buri
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Project Name
Magnolie Sriracha
Location
Nong Kham, Si Racha, Chon Buri
Number of units
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฿4.48M
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Year Built
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Completion Status
Completed
Location
Surasak, Si Racha, Chon Buri
Number of units
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Sales Prices
฿6.49M - ฿8.19M
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Year Built
Jan 2019
Completion Status
Completed
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Number of units
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Sales Prices
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Monthly Rentals
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Year Built
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Completion Status
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