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    2 Bedroom Condo for sale at Lumpini Place Ratchada-Sathu
    Chong Nonsi, Yan Nawa,Bangkok
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    Sale Price
    $334,000
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    2 Bedroom Condo for sale at Lumpini Place Ratchada-Sathu
    (1 Review)
    Unit ID: U1368658
    3% Rental Yield
    Chong Nonsi, Yan Nawa,Bangkok
    $334,000
    2 Bedrooms
    2
    Bathrooms
    700 Sqft
    Size
    31
    Floor
    Oct 2019
    Completed
    11
    Sale Price
    $334,000

    About This Condo

    This property is a 700 Sqft condo with 2 bedrooms and 2 bathrooms that is available for sale. It is part of the project in Chong Nonsi, Bangkok and was completed in Oct 2019. You can buy this condo for a base price of $334,000 ($477/Sqft) and it is also available for long term rentals starting from $928 per month.

    Features

    BalconyBalcony MicrowaveMicrowave OvenOven TVTV

    Basic Information

    Date Listed Jan 16, 2023
    Updated 5 days ago
    Property Type Condo
    Floor 31
    Bedrooms 2
    Size 700 Sqft
    Price per Sqft $477
    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 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.
    $123/mo
    Listed By
    Private Owner
    Electricity Price N/A
    Water Price N/A
    Unit ID U1368658

    Investment Opportunity: Charges & Yield

    Sale Price
    $334,000
    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.
    $123/mo
    Rent
    $928/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.
    30
    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.
    3%

    Project Details

    Project Name: Lumpini Place Ratchada-Sathu
    Developer: LPN Development
    Construction: Completed (Oct 2019)
    Floors: 35
    Buildings: 1
    Units: 543
    Project Area: 34,445 Sqft
    Nearest Landmark Surasak BTS - 2.8 Km
    Location: Chong Nonsi, Bangkok
    Lumpini Place Ratchada-Sathu Project Details

    Project Features

    Communal Pool Communal Pool
    Communal Gym Communal Gym
    24H Security 24H Security
    CCTV (Video Surveillance) CCTV (Video Surveillance)
    Indoor Kids Zone Indoor Kids Zone
    Car Parking Car Parking
    Steam Room Steam Room
    Sauna Sauna
    Reception / Lobby Area Reception / Lobby Area
    Communal Garden Area Communal Garden Area

    Popular Facilities at Lumpini Place Ratchada-Sathu

    • All
    • Leisure
    3
    • Communal Pool
      1st Floor
    • Communal Garden Area
      1st Floor

    Available Units at Lumpini Place Ratchada-Sathu

    For Sale 6 For Rent 8
    • All
    • 1 Bed
    • 2 Beds
    • 3 Beds
    Get notified when new homes are being added to Lumpini Place Ratchada-Sathu
    View All (6)

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    Frequently Asked Questions

    No pets are allowed at Lumpini Place Ratchada-Sathu 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 $123 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 Lumpini Place Ratchada-Sathu the required payment for the sinking fund is $9 per square meter based on the size of the indoor area of the property.
    Surasak BTS is the nearest BTS Station from Lumpini Place Ratchada-Sathu and it is 2.8 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 Lumpini Place Ratchada-Sathu 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

    5 out of 5
    Based on
    1 Review
    Maintenance
    Staff / Security
    Facilities on Site
    Quality of Finishing
    Value for Money
    Location
    + Write a review
    Brand new condo near Central Rama 3
    Nannie R., Thailand, 3 years ago
    It's a new condo in a good location near the main road and surrounded by amenities, a few hundred meters away from Central Rama 3 . It is also close to many expressways. Conveniently travel whether to or from the city. The area is neighbored by shops, restaurants, and fresh markets. The project is outstanding and easy to find. It is a red building tower next to the road. The condo has a relaxing shady atmosphere and high privacy. There is a complete facility for kids and adults in the project. The lobby is beautiful and spotless. It just has a little bit of trouble with the tiny parking lot, and the location is not a good choice for people who use public transportation like BTS, which is not within walking distance. The station is more than 3 kilometers away.
    Bangkok
    Chong Nonsi

    Neighborhood Overview

    Location and Neighborhood

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