Unit ID: U1869190
7% Rental Yield
Talat Nuea, Phuket Town,Phuket
$124,000
2 Bedrooms
2
Bathrooms
646 Sqft
Size
5
Floor
Nov 2015
Completed

About This Condo

This property is a 646 Sqft condo with 2 bedrooms and 2 bathrooms that is available for sale. It is part of the project in Talat Nuea, Phuket and was completed in Nov 2015. You can buy this condo for a base price of $124,000 ($192/Sqft).

Features

BalconyBalcony

Basic Information

Date Listed Jun 11, 2024
Updated 5 months ago
Property Type Condo
Floor 5
Bedrooms 2
Size 646 Sqft
Price per Sqft $192
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, Company
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) Lake View, Garden 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.
$60/mo
Listed By
Private Owner
Electricity Price N/A
Water Price N/A
Unit ID U1869190

Investment Opportunity: Charges & Yield

Sale Price
$124,000
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.
$60/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.
14
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 2 bedroom condos at Connext, and the current sales price.
7%

Project Details

Project Name: Connext
Developer: N/A
Construction: Completed (Nov 2015)
Floors: 8
Buildings: N/A
Units: 361
Project Area: N/A
Nearest Landmark Phuket Immigration Office - 1.1 Km
Location: Talat Nuea, Phuket
Connext Project Details

Project Features

On Site Restaurant On Site Restaurant
Communal Pool Communal Pool
Communal Gym Communal Gym
Bar Bar
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Car Parking Car Parking
Steam Room Steam Room
Sauna Sauna
Reception / Lobby Area Reception / Lobby Area

Available Units at Connext

For Sale 4 For Rent 17
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Frequently Asked Questions

No pets are allowed at Connext 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 $1 per square meter based on the size of indoor area of the property and is $60 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 Connext the required payment for the sinking fund is $14 per square meter based on the size of the indoor area of the property.
Phuket Immigration Office is the nearest Immigration Office from Connext and it is 1.1 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 Connext 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

4.4 out of 5
Based on
2 Reviews
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
I love the location of the project
Adriana San, Spain, 5 years ago
I love this location as it's in the heart of Phuket town, making it easy to travel around. For example, it takes only 10 minutes to Central Floresta. My room is a one-bedroom room with full furniture. Due to the fact that the project is open for daily rental, the facilities are complete and similar to hotel's facilities. There are restaurants, bars, and fitness centers in the project, which is very convenient. On the weekends, I rarely need to go out. For those looking for condos in Phuket town, I would like to recommend this place.
Very convenient location near tourist attractions.
Mila Robinson, United States, 5 years ago
The new condo building provides a peaceful living environment. From the window, you can admire the scenery of Phuket city. The receptionist is friendly and helpful. There is a clean swimming pool, sauna area, steam room, and parking lot. The room is a one-bedroom unit with all of the necessary furniture and equipment. There is also a washing machine. It is quite easy to travel to Chaofa Variety Market, Central Festival Phuket, and the old city area. Travel time is less than 10 minutes. Most importantly, it is an affordable price. I'm really amazed!
Phuket
Talat Nuea

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby Connext

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Number of units
Sales Prices
Monthly Rentals
Year Built
Completion Status
Project Name
Location
Number of units
Sales Prices
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Year Built
Completion Status
Project Name
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Location
Talat Nuea, Phuket Town, Phuket
Number of units
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Sales Prices
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Year Built
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Completion Status
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Location
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Number of units
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▼ -47% underpriced
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Number of units
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Project Name
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Location
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Number of units
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Sales Prices
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Monthly Rentals
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Project Name
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Location
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Number of units
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Sales Prices
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Monthly Rentals
N/A
Year Built
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Project Name
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Location
Talat Nuea, Phuket Town, Phuket
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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Completed
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Talat Nuea, Phuket Town, Phuket
Number of units
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Monthly Rentals
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Year Built
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Completion Status
Completed
Location
Wichit, Phuket Town, Phuket
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Monthly Rentals
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Year Built
Dec 2014
Completion Status
Completed
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