Unit ID: U1912682
6% Rental Yield
Wichit, Phuket Town,Phuket
$201,000
3 Bedrooms
2
Bathrooms
2,368 Sqft
Indoor Area
1
Storeys
Apr 2015
Completed

About This House

This property is a 2,368 Sqft house with 3 bedrooms and 2 bathrooms that is available for sale. It is part of the project in Wichit, Phuket and was completed in Apr 2015. You can buy this house for a base price of $201,000 ($85/Sqft).

Features

Private GardenPrivate Garden TerraceTerrace Covered ParkingCovered Parking

Basic Information

Date Listed Aug 19, 2024
Updated 1 month ago
Property Type House (Single Detached)
Storeys 1
Location Wichit, Phuket
Bedrooms 3
Nearest Landmark Wat Thepnimit -0.6 Km
Indoor Area 2,368 Sqft
Price per Sqft $85
Outdoor Area
This is the combined size of the terrace, pool, parking area, and sala. It does not include the size of the garden.
861 Sqft
Plot Size 2,837 Sqft
Pets All Kind of Pets Allowed
House Ownership

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

Thai Ownership
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
Land Title Deed Chanote
Construction Completed (Apr 2015)
Furniture
Unfurnished
View(s) Garden View
Unit Type N/A
Parking Spots 1
Pool Size 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.
N/A
Listed By
Private Owner
Electricity Price N/A
Water Price N/A
Unit ID U1912682

Investment Opportunity: Charges & Yield

Sale Price
$201,000
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.
18
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 3 bedroom houses at Phuket Villa 3, and the current sales price.
6%

Project Details

Project Name: Phuket Villa 3
Developer: N/A
Construction: Completed (Jan 1998)
Units: 248
Project Area: N/A
Nearest Landmark Wat Thepnimit - 0.6 Km
Location: Wichit, Phuket
Phuket Villa 3 Project Details

Project Features

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

Available Units at Phuket Villa 3

For Sale 6 For Rent 1
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Frequently Asked Questions

All kind of pets are allowed at Phuket Villa 3 including dogs, cats, rabbits, hamsters, guinea pigs, birds, and reptiles.
Wat Thepnimit is the nearest Temple from Phuket Villa 3 and it is 0.6 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 Phuket Villa 3 you have to follow these steps:

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


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

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Phuket
Wichit

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby Phuket Villa 3

Location
Number of units
Sales Prices
Monthly Rentals
Year Built
Completion Status
Project Name
Location
Number of units
Sales Prices
Monthly Rentals
Year Built
Completion Status
Project Name
Than Thong Villa
Location
Wichit, Phuket Town, Phuket
Number of units
489
Sales Prices
$102.04K - $110.72K
Monthly Rentals
$1.02K
Year Built
Jan 2000
Completion Status
Completed
Project Name
Tarn Tong Villa
Location
Wichit, Phuket Town, Phuket
Number of units
489
Sales Prices
$66.73K - $110.72K
▼ -47% underpriced
Monthly Rentals
$728 - $1.31K
Year Built
Dec 2009
Completion Status
Completed
Location
Wichit, Phuket Town, Phuket
Number of units
878
Sales Prices
$72.55K - $95.86K
Monthly Rentals
$437 - $1.6K
Year Built
Aug 1998
Completion Status
Completed
Location
Wichit, Phuket Town, Phuket
Number of units
179
Sales Prices
$87.12K
Monthly Rentals
N/A
Year Built
Jul 2008
Completion Status
Completed
Location
Wichit, Phuket Town, Phuket
Number of units
572
Sales Prices
$78.67K - $262.24K
Monthly Rentals
$583
Year Built
Oct 2015
Completion Status
Completed
Location
Wichit, Phuket Town, Phuket
Number of units
80
Sales Prices
$40.5K
Monthly Rentals
N/A
Year Built
Jan 2004
Completion Status
Completed
Location
Wichit, Phuket Town, Phuket
Number of units
212
Sales Prices
$154.43K
Monthly Rentals
$1.08K
Year Built
Sep 2020
Completion Status
Completed
Location
Wichit, Phuket Town, Phuket
Number of units
232
Sales Prices
$40.5K
Monthly Rentals
$291
Year Built
Mar 2008
Completion Status
Completed
Project Name
Baan Tiwarathanee
Location
Wichit, Phuket Town, Phuket
Number of units
92
Sales Prices
$80.13K
Monthly Rentals
N/A
Year Built
Nov 2005
Completion Status
Completed
Project Name
Baan Prangthong
Location
Wichit, Phuket Town, Phuket
Number of units
84
Sales Prices
$259.33K - $291.38K
▲ 4% overpriced
Monthly Rentals
$1.02K - $3.5K
Year Built
Jan 2007
Completion Status
Completed
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