Unit ID: U1662464
8% Rental Yield
Wichit, Phuket Town,Phuket
$112,000
3 Bedrooms
2
Bathrooms
1,335 Sqft
Indoor Area
2
Storeys
Jan 2009
Completed

About This House

This property is a 1,335 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 Jan 2009. You can buy this house for a base price of $112,000 ($84/Sqft) and it is also available for long term rentals starting from $739 per month.

Features

TerraceTerrace Covered ParkingCovered Parking BalconyBalcony BathtubBathtub

Basic Information

Date Listed Sep 7, 2023
Updated 3 weeks ago
Property Type House (Single Detached)
Storeys 2
Location Wichit, Phuket
Bedrooms 3
Nearest Landmark Wat Chalong -3 Km
Indoor Area 1,335 Sqft
Price per Sqft $84
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 N/A
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 (Jan 2009)
Furniture
Partly furnished means the property contains the basics i.e. beds, sofa, table and chairs, wardrobes but no electronic appliances, utensils and glassware in the kitchen.
Partly Furnished
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 U1662464

Investment Opportunity: Charges & Yield

Sale Price
$112,000
Rent
$739/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.
13
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.
8%

Project Details

Project Name: Tarn Tong Villa
Developer: N/A
Construction: Completed (Dec 2009)
Units: 489
Project Area: N/A
Nearest Landmark Wat Chalong - 3 Km
Location: Wichit, Phuket
Tarn Tong Villa Project Details

Project Features

24H Security 24H Security
Indoor Kids Zone Indoor Kids Zone
Car Parking Car Parking

Available Units at Tarn Tong Villa

For Sale 5 For Rent 3
Get notified when new homes are being added to Tarn Tong Villa
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Frequently Asked Questions

All kind of pets are allowed at Tarn Tong Villa including dogs, cats, rabbits, hamsters, guinea pigs, birds, and reptiles.
Wat Chalong is the nearest Temple from Tarn Tong Villa and it is 3 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 Tarn Tong Villa 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

Reviews

3.5 out of 5
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Good location
Tida R., Thailand, 6 years ago
I've been renting this single house for five years which has 3 bedrooms in a 2-story home. I relocated to Phuket from other regions to work. The community is in a fantastic location, surrounded by conveniences, close to Tesco Lotus Chao Fa and Wat Thep Nimit Market, where you can find both fresh, ready-to-eat meals, a wide variety of fresh fruits and vegetables at a low price. Rawai or Kathu are both easily accessible. There are several restaurants, and I enjoy my time here. Despite the village's age, the houses are in good condition with completed furniture. Most of the neighbors are Thai people. My only problem is that some of my neighbors park their cars in front of the house, which blocks the entry and exit. It's quite inconvenient.
Phuket
Wichit

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby Tarn Tong Villa

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Year Built
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Project Name
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Number of units
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Year Built
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Location
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Number of units
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Sales Prices
$262.69K - $295.15K
▲ 4% overpriced
Monthly Rentals
$1.03K - $3.54K
Year Built
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Completion Status
Completed
Location
Wichit, Phuket Town, Phuket
Number of units
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Sales Prices
$79.69K - $265.64K
Monthly Rentals
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Year Built
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Completion Status
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Location
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Year Built
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Completion Status
Completed
Location
Wichit, Phuket Town, Phuket
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Sales Prices
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Year Built
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Completion Status
Completed
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