Unit ID: U32772
8% Rental Yield
Nong Prue, Pattaya, Chon Buri
Sold Great Price
Studio Bedroom
1
Bathroom
24 SqM
Size
8
Floor
May 2012
Completed

About This Condo

This property is a 24 SqM studio condo with 1 bathroom that is available for sale. It is part of the Novana Residence project in Nong Prue, Pattaya and was completed in May 2012. You can buy this condo for a base price of ฿1,190,000 (฿49,583/SqM) and it is also available for long term rentals starting from ฿8,000 per month.

Gain MAJOR Cred, Invest in Novana: "Bangin" Studio in Nong Prue!

Make your move today and enquire on this "bangin" Novana Residence studio condo situated in Nong Prue, Chon Buri. Recently completed in May 2012, this 1 restroom unit approximates 24 SqM of contemporary luxury, perfectly suited for the discerning adult or young executive. Get what you need with this property, this "tight" entry-level opportunity could be yours for only ฿1,190,000 (฿49,583/SqM) with financing available. "Dope" rental options are also available, starting from ฿8,000 per month. Invest with confidence and take advantage of this opportunity today.

Basic Information

Date Listed Sep 2, 2017
Updated 3 years ago
Property Type Condo
Floor 8
Bedroom Studio
Size 24 SqM
Price per SqM ฿49,583
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
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
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.
฿720/mo
Listed By
Private Owner
Electricity Price N/A
Water Price N/A
Unit ID U32772

Price Analysis

Great Price
Estimated market value ฿1,318,773
Great
฿1,260,000
Good
Fair
Above
฿1,370,000
Current asking Price: ฿1,190,000 | Advertised rental rate: ฿8,000/mo
This condo is ฿128,773 BELOW MARKET (-10%) in the Pattaya 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

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.
฿720/mo
Rent
฿8,000/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.
12
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: Novana Residence
Developer: Nova Group
Construction: Completed (May 2012)
Floors: 8
Buildings: 1
Units: 259
Project Area: 2,400 SqM
Nearest Landmark South Pattaya Beach - 0.9 Km
Location: Nong Prue, Pattaya
Novana Residence Project Details

Project Features

Communal Pool Communal Pool
Jacuzzi Jacuzzi
Communal Gym Communal Gym
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Car Parking Car Parking
Sauna Sauna
Reception / Lobby Area Reception / Lobby Area
Communal Garden Area Communal Garden Area
Back Up Generators Back Up Generators

Popular Facilities at Novana Residence

  • Reception / Lobby Area
    Ground Floor
  • Communal Pool
    Ground Floor
  • Communal Gym
    Ground Floor
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Available Units at Novana Residence

For Sale 3 For Rent 4
Get notified when new homes are being added to Novana Residence
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Frequently Asked Questions

No pets are allowed at Novana Residence 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 ฿30 per square meter based on the size of indoor area of the property and is ฿720 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.
South Pattaya Beach is the nearest Beach from Novana Residence 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 Novana Residence 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

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FazWaz Estimate : ฿5,550,000
Price Rating : Great Price
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Sale Price : ฿1299,999
FazWaz Estimate : ฿179,999
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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
Near Pattaya Beach, reasonable price
Myong Pearse, South Korea, 4 years ago
My wife and I moved here for 2 years, and I bought a 1 bedroom condo with fully furnished. It's very worthwhile because it is located in a prime location, easily accessible, and close to Pattaya Beach. My room delivers a beautiful pool view and lovely scenery. The room is not damp, and wifi is too slow some days. I want the team to come and have a look at this matter. In general, everything was okay. Facilities are good, and the common areas are clean and pleasant. I love to go to use the facilities very often. I want to say thank you to the team for especially caring about
Pattaya
Nong Prue

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby Novana Residence

Location
Number of units
Sales Prices
Monthly Rentals
Year Built
Completion Status
Project Name
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Number of units
Sales Prices
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Year Built
Completion Status
Location
Nong Prue, Pattaya, Chon Buri
Number of units
656
Sales Prices
฿2.02M - ฿4.15M
Monthly Rentals
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Year Built
Jan 2027
Completion Status
Off Plan
Location
Nong Prue, Pattaya, Chon Buri
Number of units
1750
Sales Prices
฿2.51M - ฿115M
Monthly Rentals
N/A
Year Built
Dec 2028
Completion Status
Off Plan
Project Name
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Location
Nong Prue, Pattaya, Chon Buri
Number of units
179
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฿1.6M
▼ -16% underpriced
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Year Built
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Location
Nong Prue, Pattaya, Chon Buri
Number of units
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฿1.55M - ฿3.99M
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Monthly Rentals
฿13K - ฿22K
Year Built
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Completion Status
Completed
Location
Nong Prue, Pattaya, Chon Buri
Number of units
1350
Sales Prices
฿1.45M - ฿4.6M
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Monthly Rentals
฿6.5K - ฿22K
Year Built
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Completion Status
Completed
Location
Nong Prue, Pattaya, Chon Buri
Number of units
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Monthly Rentals
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Year Built
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Completion Status
Completed
Location
Nong Prue, Pattaya, Chon Buri
Number of units
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Sales Prices
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Year Built
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Completion Status
Completed
Location
Nong Prue, Pattaya, Chon Buri
Number of units
803
Sales Prices
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Monthly Rentals
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Year Built
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Completion Status
Completed
Project Name
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Location
Nong Prue, Pattaya, Chon Buri
Number of units
85
Sales Prices
฿1.54M - ฿2.5M
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Monthly Rentals
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Year Built
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Completion Status
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Project Name
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Location
Nong Prue, Pattaya, Chon Buri
Number of units
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Sales Prices
฿2.3M - ฿5.95M
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Monthly Rentals
N/A
Year Built
Jun 2009
Completion Status
Completed
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