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    4 Bedroom Townhouse for sale at Nirvana Park Sukhumvit 77
    Prawet, Prawet,Bangkok
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    Sale Price
    ฿5,500,000
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    4 Bedroom Townhouse for sale at Nirvana Park Sukhumvit 77
    (1 Review)
    Unit ID: U155781
    5% Rental Yield
    Prawet, Prawet,Bangkok
    ฿5,500,000 Great Price
    4 Bedrooms
    3
    Bathrooms
    185 SqM
    Indoor Area
    2
    Storeys
    Dec 2014
    Completed
    16
    Sale Price
    ฿5,500,000
    Great Price

    About This Townhouse

    This property is a 185 SqM townhouse with 4 bedrooms and 3 bathrooms that is available for sale. It is part of the Nirvana Park Sukhumvit 77 project in Prawet, Bangkok and was completed in Dec 2014. You can buy this townhouse for a base price of ฿5,500,000 (฿29,730/SqM) and it is also available for long term rentals starting from ฿22,000 per month.

    Features

    Garden AccessGarden Access TerraceTerrace Covered ParkingCovered Parking Corner UnitCorner Unit BalconyBalcony

    Basic Information

    Date Listed Mar 27, 2023
    Updated 2 months ago
    Property Type Townhouse
    Storeys 2
    Location Prawet, Bangkok
    Bedrooms 4
    Nearest Landmark Ban Thap Chang ARL -1.7 Km
    Indoor Area 185 SqM
    Price per SqM ฿29,730
    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 144 SqM
    Pets Not Allowed
    Townhouse Ownership

    Foreign nationals can own the building (townhouse) 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 2014)
    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) Park View, Garden View, Blocked View
    Unit Type N/A
    Parking Spots 5
    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.
    ฿1,500/mo
    Listed By
    Private Owner
    Electricity Price N/A
    Water Price N/A
    Unit ID U155781

    Price Analysis

    Great Price
    Estimated market value ฿7,399,491
    Great
    ฿4,490,000
    Good
    Fair
    Above
    ฿10,900,000
    Current asking Price: ฿5,500,000 | Advertised rental rate: ฿22,000/mo
    This townhouse is ฿1,899,491 BELOW MARKET (-26%) in the Bangkok area. It is analyzed against similar townhouses and is based on previous transaction data, the current market situation, neighborhood details, and the specific details of this property.
    Powered by FazWaz AVM

    Investment Opportunity: Charges & Yield

    Sale Price
    ฿5,500,000
    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.
    ฿1,500/mo
    Rent
    ฿22,000/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.
    21
    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: Nirvana Park Sukhumvit 77
    Developer: Nirvana Development Co.,Ltd.
    Construction: Completed (Dec 2014)
    Units: 136
    Project Area: N/A
    Nearest Landmark Ban Thap Chang ARL - 1.7 Km
    Location: Prawet, Bangkok
    Nirvana Park Sukhumvit 77 Project Details

    Project Features

    24H Security 24H Security
    CCTV (Video Surveillance) CCTV (Video Surveillance)
    Car Parking Car Parking

    Available Units at Nirvana Park Sukhumvit 77

    For Sale 1 For Rent 1
    • All
    • 4 Beds
    Get notified when new homes are being added to Nirvana Park Sukhumvit 77
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    Frequently Asked Questions

    No pets are allowed at Nirvana Park Sukhumvit 77 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 for properties at Nirvana Park Sukhumvit 77 is a fixed amount of ฿1,500. This amount 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.
    Ban Thap Chang ARL is the nearest Airport Rail Link Station from Nirvana Park Sukhumvit 77 and it is 1.7 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 Nirvana Park Sukhumvit 77 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

    Do you own a property at Nirvana Park Sukhumvit 77?

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    Reviews

    5 out of 5
    Based on
    1 Review
    Maintenance
    Staff / Security
    Facilities on Site
    Quality of Finishing
    Value for Money
    Location
    + Write a review
    Townhome with a shady atmosphere
    Payuth U., Thailand, 4 years ago
    I like the design of this place. Inside the house, there are 3 bedrooms, allocating the spaces very well. The general atmosphere is shady and quiet. The common area has a swimming pool, a clubhouse, etc. Most importantly, the project is located not far from Ban Thap Chang MRT and Suvarnabhumi Airport. It allows me to travel within Bangkok or other provinces easily. There are markets and department stores nearby where you can buy many delicious foods. I enjoy going to the Suvarnabhumi Market because there are so many different kinds of foods to choose from.
    Bangkok
    Prawet

    Neighborhood Overview

    Location and Neighborhood

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