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    2 Bedroom Villa for sale at Inspire Villas
    Rawai, Phuket Town,Phuket
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    Sale Price
    $436,000
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    2 Bedroom Villa for sale at Inspire Villas
    (1 Review)
    Unit ID: U1393130
    17% Rental Yield
    Rawai, Phuket Town,Phuket
    $436,000
    2 Bedrooms
    2
    Bathrooms
    2,928 Sqft
    Indoor Area
    2
    Storeys
    Jan 2020
    Completed
    18
    Sale Price
    $436,000

    About This Villa

    This property is a 2,928 Sqft villa with 2 bedrooms and 2 bathrooms that is available for sale. It is part of the project in Rawai, Phuket and was completed in Jan 2020. You can buy this villa for a base price of $436,000 ($149/Sqft).

    Features

    Private PoolPrivate Pool Private GardenPrivate Garden TerraceTerrace Covered ParkingCovered Parking BalconyBalcony BathtubBathtub

    Basic Information

    Date Listed Apr 7, 2023
    Updated 5 months ago
    Property Type Villa (Single Detached)
    Storeys 2
    Location Rawai, Phuket
    Bedrooms 2
    Nearest Landmark Wat Sawang Arom -2.5 Km
    Indoor Area 2,928 Sqft
    Price per Sqft $149
    Outdoor Area
    This is the combined size of the terrace, pool, parking area, and sala. It does not include the size of the garden.
    N/A
    Plot Size 2,928 Sqft
    Pets All Kind of Pets Allowed
    Villa Ownership

    Foreign nationals can own the building (villa) in their own name, but not the land that it stands on.

    Foreign Ownership, Thai Ownership, Company, Leasehold
    Land Ownership

    Foreign nationals cannot own land in Thailand. The options in which a foreigner can control the land are via a 30-year lease or by purchasing the land through a Thai company.

    Thai Ownership, Company, Leasehold
    Land Title Deed N/A
    Construction Completed (Jan 2020)
    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) Pool View, Garden View
    Unit Type 2BR
    Parking Spots 1
    Pool Size 4m x 8m
    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.
    $119/mo
    Listed By
    Developer
    Electricity Price N/A
    Water Price N/A
    Unit ID U1393130

    Investment Opportunity: Charges & Yield

    Sale Price
    $436,000
    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.
    $119/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.
    6
    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 villas at Inspire Villas, and the current sales price.
    17%

    Project Details

    Project Name: Inspire Villas
    Developer: Wason Villa Co., Ltd.
    Construction: Completed (Jan 2020)
    Units: 18
    Project Area: 172,223 Sqft
    Nearest Landmark Wat Sawang Arom - 2.5 Km
    Location: Rawai, Phuket
    Inspire Villas Project Details

    Project Features

    Hotel Managed Hotel Managed
    24H Security 24H Security
    CCTV (Video Surveillance) CCTV (Video Surveillance)
    Car Parking Car Parking

    Available Units at Inspire Villas

    For Sale 2 For Rent 8
    • All
    • 2 Beds
    Get notified when new homes are being added to Inspire Villas
    View All (2)

    Loan Calculator

    Payment Plan

    Payment Plan
    Installment Milestone Payment
    Reservation Deposit
    Immediately
    $5,830
    1st Installment
    Contract Signing Fee
    30%
    2nd Installment
    Construction Complete
    20%
    3rd Installment
    Completion of Roof,Wall,Plumbing Systems
    20%
    4th Installment
    Completion of Electric System & Interiors
    20%
    5th Installment
    On handover
    10%
    Phase II Payment Plan
    Installment Milestone Payment
    Reservation Deposit
    Immediately
    $14,600
    1st Installment
    Upon signing agreement within 30 days
    35%
    2nd Installment
    Upon completion of Villa structure
    25%
    3rd Installment
    Upon Completion of Roof,Wall,Plumbing Systems
    15%
    4th Installment
    Upon Completion of Electric System & Interiors
    15%
    5th Installment
    On completion
    10%

    Frequently Asked Questions

    All kind of pets are allowed at Inspire Villas including dogs, cats, rabbits, hamsters, guinea pigs, birds, and reptiles.
    The common area maintenance fee is $0 per square meter based on the plot size of the property and is $119 for this villa. 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 Inspire Villas the required payment for the sinking fund is a fixed amount of $4,370.
    Wat Sawang Arom is the nearest Temple from Inspire Villas and it is 2.5 km away.

    The building (the bricks and mortar) can be owned by a non-Thai national outright in their name in what is called the house registry which secures ownership indefinitely of the structure. 

    In Thailand, non-Thai nationals cannot own land outright in their name. Land can be controlled through either a Thai Company or a long-term registered lease. The longest registered lease term by Thai law is 30 years, and most developers will offer 3 terms for a total of 90 years.

     

    Read more here

    After you have found the right property at Inspire Villas you have to follow these steps:

    • - Agreement of terms and conditions
    • - Reservation Agreement
    • - Reservation Deposit
    • - Sales and Purchase Agreement
    • - Settlement & Transfer
    Payment Plan
    Installment Milestone Payment
    Reservation Deposit
    Immediately
    $5,830
    1st Installment
    Contract Signing Fee
    30%
    2nd Installment
    Construction Complete
    20%
    3rd Installment
    Completion of Roof,Wall,Plumbing Systems
    20%
    4th Installment
    Completion of Electric System & Interiors
    20%
    5th Installment
    On handover
    10%
    Phase II Payment Plan
    Installment Milestone Payment
    Reservation Deposit
    Immediately
    $14,600
    1st Installment
    Upon signing agreement within 30 days
    35%
    2nd Installment
    Upon completion of Villa structure
    25%
    3rd Installment
    Upon Completion of Roof,Wall,Plumbing Systems
    15%
    4th Installment
    Upon Completion of Electric System & Interiors
    15%
    5th Installment
    On completion
    10%


    Read more here

    A 30-year lease period is legally protected under Thai law and ownership cannot be disrupted. It is common for developers to offer an additional two terms of 30 contractually obligating a total of 90 years. 

    Prior to purchasing a leasehold property, it is important to secure a copy of the lease agreement or get further clarity on these three points.

    • - Who is the lessor? (an individual or a Thai Company) Securing a lease from a Thai Company offers much more security than a private individual.

    • - Do I have voting rights as a Lessee? (Some lease contracts do not allow lessee to have voting rights)

    • - Is there a succession clause in the lease agreement that will allow inheritance of the lease?

    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
    The Charming villa, close to Rawai beach and Promthep Cape
    Ema Box, United Kingdom, 3 years ago
    This villa is charming, modern, and beautiful. The private pool is also nice and quite large, clean. The bed is very comfortable, and the villa is surrounded by a peaceful atmosphere. The rental fee is also not very high considering that it can accommodate many people. The villa is close to Rawai Beach and Promthep Cape, which is also the most beautiful sunset spot in Phuket. If anyone is looking for a pool villa in Phuket, I would recommend this place because the villa offers privacy. Great staff. Oh and I would recommend renting a car as it is easier to get to other attractions. Also, it’s cost-saving if you travel with many people or with family as the villa comes with a parking lot.
    Phuket
    Rawai

    Neighborhood Overview

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