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    1 Bedroom Condo for sale at The Near Residence
    Surasak, Pattaya, Chon Buri
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    Sale Price
    $102,000
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    1 Bedroom Condo for sale at The Near Residence
    (1 Review)
    Unit ID: U282541
    6% Rental Yield
    Surasak, Pattaya, Chon Buri
    $102,000 Great Price
    1 Bedroom
    1
    Bathroom
    484 Sqft
    Size
    6
    Floor
    Dec 2015
    Completed
    6
    Sale Price
    $102,000
    Great Price

    About This Condo

    This property is a 484 Sqft condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the project in Surasak, Pattaya and was completed in Dec 2015. You can buy this condo for a base price of $102,000 ($210/Sqft) and it is also available for long term rentals starting from $522 per month.

    Features

    BalconyBalcony TVTV

    Basic Information

    Date Listed Jan 29, 2020
    Updated 4 years ago
    Property Type Condo
    Floor 6
    Bedroom 1
    Size 484 Sqft
    Price per Sqft $210
    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%.

    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, Unblocked Open 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.
    $46/mo
    Listed By
    Private Owner
    Electricity Price N/A
    Water Price N/A
    Unit ID U282541

    Investment Opportunity: Charges & Yield

    Sale Price
    $102,000
    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.
    $46/mo
    Rent
    $522/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.
    16
    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.
    6%

    Project Details

    Project Name: The Near Residence
    Developer: Madcha Land Development Co., Ltd
    Construction: Completed (Dec 2015)
    Floors: 8
    Buildings: N/A
    Units: 106
    Project Area: N/A
    Nearest Landmark Koh Loy Ko Sichang Ferry Port - 2.1 Km
    Location: Surasak, Pattaya
    The Near Residence Project Details

    Project Features

    Hotel Managed Hotel Managed
    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
    Reception / Lobby Area Reception / Lobby Area

    Available Units at The Near Residence

    For Sale 2 For Rent 2
    • All
    • 1 Bed
    • 2 Beds
    Get notified when new homes are being added to The Near Residence
    View All (2)

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    Frequently Asked Questions

    The common area maintenance fee is $1 per square meter based on the size of indoor area of the property and is $46 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 Near Residence the required payment for the sinking fund is $10 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 The Near Residence and it is 2.1 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 Near 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

    Reviews

    4.8 out of 5
    Based on
    1 Review
    Maintenance
    Staff / Security
    Facilities on Site
    Quality of Finishing
    Value for Money
    Location
    + Write a review
    I really like this place and will come back again for sure.
    Sandy Zhang, China, 5 years ago
    I really like the vibe of the condo. It's modern. The receptionists are lovely. The bedroom is spacious and well-proportioned. There is a bedroom, a living room, and a small kitchen to prepare a simple meal. There is also a balcony overlooking the sea and the island of Ko Si Chang. This place is suitable for those looking for a long-term rental. A washing machine is provided. It is better to rent a car to get around because there isn't much to eat within walking distance.
    Pattaya
    Surasak

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