Unit ID: U1368380
8% Rental Yield
Hin Lek Fai, Hua Hin, Prachuap Khiri Khan
$199,000 $217,000
3 Bedrooms
2
Bathrooms
1,367 Sqft
Indoor Area
1
Storeys
Dec 2018
Completed

About This Villa

This property is a 1,367 Sqft villa with 3 bedrooms and 2 bathrooms that is available for sale. It is part of the project in Hin Lek Fai, Hua Hin and was completed in Dec 2018. You can buy this villa for a base price of $199,000 ($146/Sqft).

Stunning, Modern, 3 Bed Pool Villa

Beautiful, modern European style and (optionally fully furnished) 3 bedroom 2 bathroom (ensuite) Villa located in the upmarket Orchid Paradise Homes secure (24 hour) gated community near Black Mountain. With high walls and extensive tree cover for maximum privacy there is a nice sized garden, outdoor kitchen and dining area, driveway and a 9m x 3.5m (safe 4’ 6” not out of depth) saltwater swimming pool and a covered “kubo” area with chairs, table and sun-beds facing the afternoon sun. Behind which there is a laundry / store room. Modern kitchen with a range of appliances. Large master bedroom has an en-suite bathroom with IKEA wardrobes and a super king size bed. The second bedroom is likewise and its bathroom can be accessed through a seperate door so that persons in the third bedroom or guests can enter this through the lounge. The third bedroom is quite small and mainly used as an office but has a sofa bed and wardrobe and is ideal for single use. The lounge is spacious and all rooms have air conditioning. Your car can be securely parked on the driveway. In the evening with the garden and pool lights on, its very quiet and incredibly relaxing. Just a small walk away there is a clubhouse (bar and food). Also within walking distance is a convenience store and post office. The village, about 2km away has a 7/11, great liquor store and several bars and eateries. The Black Mountain Golf Club and Waterpark is only about 5km away. About the owner: This has been our private residence for nearly four years but the need to work is taking us back to the UK.  As is normal, the land is leased from the Master Developer who also manages the community, the common fees are THB 3,000 per month. The lease is a standard 30 + 30 + 30 agreement (copy available upon request) renewable from scratch upon sale and transfer. For sale unfurnished. All furniture and appliances can be incuded for an additional 100k

Features

Private PoolPrivate Pool Private GardenPrivate Garden TerraceTerrace Covered ParkingCovered Parking Outdoor ShowersOutdoor Showers

Basic Information

Date Listed Mar 27, 2023
Updated 2 months ago
Property Type Villa (Single Detached)
Storeys 1
Location Hin Lek Fai, Hua Hin
Bedrooms 3
Nearest Landmark Hua Hin Beach -4.5 Km
Indoor Area 1,367 Sqft
Price per Sqft $146
Outdoor Area
This is the combined size of the terrace, pool, parking area, and sala. It does not include the size of the garden.
3,229 Sqft
Plot Size 4,628 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
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.

Leasehold
Land Title Deed Chanote
Construction Completed (Dec 2018)
Furniture
Specific items of furniture can be requested in the sale, or buyers can offer to purchase some or all of it. When negotiating a deal, either party can suggest that such items be included in the sale price.
Negotiable
View(s) Pool View, Garden View, Unblocked Open View
Unit Type N/A
Parking Spots 1
Pool Size 9 x 3.5
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.
$87/mo
Listed By
Private Owner
Electricity Price N/A
Water Price N/A
Unit ID U1368380

Investment Opportunity: Charges & Yield

Sale Price
$199,000
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.
$87/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 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 villas at Orchid Paradise Homes 3, and the current sales price.
8%

Project Details

Project Name: Orchid Paradise Homes 3
Developer: N/A
Construction: Completed (Dec 2018)
Units: 25
Project Area: N/A
Nearest Landmark Hua Hin Beach - 4.5 Km
Location: Hin Lek Fai, Hua Hin
Orchid Paradise Homes 3 Project Details

Project Features

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

Available Units at Orchid Paradise Homes 3

For Sale 2 For Rent 1
Get notified when new homes are being added to Orchid Paradise Homes 3
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Frequently Asked Questions

All kind of pets are allowed at Orchid Paradise Homes 3 including dogs, cats, rabbits, hamsters, guinea pigs, birds, and reptiles.
Hua Hin Beach is the nearest Beach from Orchid Paradise Homes 3 and it is 4.5 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 Orchid Paradise Homes 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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Neighborhood Overview

Location and Neighborhood

Street View

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Hin Lek Fai, Hua Hin, Prachuap Khiri Khan
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Project Name
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Hin Lek Fai, Hua Hin, Prachuap Khiri Khan
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