Unit ID: U1058556
4% Rental Yield
Na Kluea, Pattaya, Chon Buri
$345,000 $370,000
1 Bedroom
2
Bathrooms
1,106 Sqft
Size
1
Floor
Dec 2011
Completed

About This Condo

This property is a 1,106 Sqft condo with 1 bedroom and 2 bathrooms that is available for sale. It is part of the project in Na Kluea, Pattaya and was completed in Dec 2011. You can buy this condo for a base price of $345,000 ($312/Sqft).

Features

Wet BarWet Bar BalconyBalcony BathtubBathtub

Basic Information

Date Listed Feb 11, 2022
Updated 4 months ago
Property Type Condo
Floor 1
Bedroom 1
Size 1,106 Sqft
Price per Sqft $312
Pets Not Allowed
Condo Ownership

Foreign nationals can own condominium units as freehold owners in buildings where no 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 it is currently below 49%.

Foreign Quota, Thai Quota
Furniture
Built-ins are any items that do not leave the property but remain a part of the permanent structure of a home. This includes any type of permanent appliances, cabinetry, furniture that’s built into the home, such as shelving or benches, and other attached items.
Built In
View(s) Sea View
Unit Type 1BR
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.
$177/mo
Listed By
Developer
Electricity Price Government Rate
Water Price Government Rate
Unit ID U1058556

Investment Opportunity: Charges & Yield

Sale Price
$345,000
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.
$177/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.
22
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 The Cove Pattaya, and the current sales price.
4%

Project Details

Project Name: The Cove Pattaya
Construction: Completed (Dec 2011)
Floors: 18
Buildings: 1
Units: 100
Project Area: 120,556 Sqft
Nearest Landmark Wong Amat Beach - 0.1 Km
Location: Na Kluea, Pattaya
The Cove Pattaya Project Details

Project Features

On Site Restaurant On Site Restaurant
Communal Pool Communal Pool
Jacuzzi Jacuzzi
Communal Gym Communal Gym
Clubhouse Clubhouse
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Indoor Kids Zone Indoor Kids Zone
Car Parking Car Parking
Steam Room Steam Room
Direct Beach Access Direct Beach Access
Sauna Sauna
Reception / Lobby Area Reception / Lobby Area
Communal Garden Area Communal Garden Area
Key card access Key card access

Popular Facilities at The Cove Pattaya

  • Communal Pool
    1st Floor
  • Communal Garden Area
    1st Floor
  • Communal Gym
    1st Floor
  • Indoor Kids Zone
    1st Floor

Available Units at The Cove Pattaya

For Sale 9 For Rent 2
Get notified when new homes are being added to The Cove Pattaya
View All (9)

Loan Calculator

Payment Plan

1BR
Installment Milestone Payment
Reservation Deposit
Immediately
$2,880
1st Installment
Upon contract signing
20%
2nd Installment
60 days after contract signing
80%
2BR
Installment Milestone Payment
Reservation Deposit
Immediately
$8,630
1st Installment
Upon contract signing
20%
2nd Installment
60 days after contract signing
80%
3BR
Installment Milestone Payment
Reservation Deposit
Immediately
$14,400
1st Installment
Upon contract signing
20%
2nd Installment
60 days after contract signing
80%
Penthouse
Installment Milestone Payment
Reservation Deposit
Immediately
$28,800
1st Installment
Upon contract signing
20%
2nd Installment
60 days after contract signing
80%

Frequently Asked Questions

No pets are allowed at The Cove Pattaya 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 $2 per square meter based on the size of indoor area of the property and is $177 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.
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 The Cove Pattaya the required payment for the sinking fund is $23 per square meter based on the size of the indoor area of the property.
Wong Amat Beach is the nearest Beach from The Cove Pattaya and it is 0.1 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 The Cove Pattaya you have to follow these steps:

  • - Agreement of terms and conditions
  • - Reservation Agreement
  • - Reservation Deposit
  • - Sales and Purchase Agreement
  • - Settlement & Transfer

 


1BR
Installment Milestone Payment
Reservation Deposit
Immediately
$2,880
1st Installment
Upon contract signing
20%
2nd Installment
60 days after contract signing
80%
2BR
Installment Milestone Payment
Reservation Deposit
Immediately
$8,630
1st Installment
Upon contract signing
20%
2nd Installment
60 days after contract signing
80%
3BR
Installment Milestone Payment
Reservation Deposit
Immediately
$14,400
1st Installment
Upon contract signing
20%
2nd Installment
60 days after contract signing
80%
Penthouse
Installment Milestone Payment
Reservation Deposit
Immediately
$28,800
1st Installment
Upon contract signing
20%
2nd Installment
60 days after contract signing
80%

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

Reviews

4.3 out of 5
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
6-star condominium located in Pattaya beach.
Pasty Garnes, Malaysia, 5 years ago
This is a 6-star condominium located in front of Pattaya beach. It is very beautiful and wonderful because there are complete facilities. There is a spacious lobby and a large swimming pool. Going to the beach is also very convenient. There is a garden area to sit in, and it is extremely shady. I like staying in a luxury hotel every day. The balcony in the room is large. The wind blows so well that you don't even have to turn on the air conditioner. I love to stay here because the location is good and not far from shopping centers. There are convenience stores along the route. The area is quite busy but offers excellent security. The condo here is only 5 kilometers from Pattaya Walking Street.
Pattaya
Na Kluea

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby The Cove Pattaya

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Year Built
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Project Name
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Project Name
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Number of units
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Project Name
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Location
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Monthly Rentals
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Completion Status
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Project Name
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Location
Na Kluea, Pattaya, Chon Buri
Number of units
76
Sales Prices
$77.55K
▼ -7.4% underpriced
Monthly Rentals
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Completion Status
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Project Name
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Location
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Number of units
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Year Built
Dec 2009
Completion Status
Completed
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