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    3 Bedroom Villa for sale at The Residence
    Thep Krasattri, Thalang,Phuket
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    Sale Price
    $588,000
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    3 Bedroom Villa for sale at The Residence
     (Write Review)
    Unit ID: U1945777
    11% Rental Yield
    Thep Krasattri, Thalang,Phuket
    $588,000
    3 Bedrooms
    5
    Bathrooms
    3,789 Sqft
    Indoor Area
    3
    Storeys
    Apr 2022
    Completed
    33
    Sale Price
    $588,000

    About This Villa

    This property is a 3,789 Sqft villa with 3 bedrooms and 5 bathrooms that is available for sale. It is part of the project in Thep Krasattri, Phuket and was completed in Apr 2022. You can buy this villa for a base price of $588,000 ($155/Sqft).

    very good villa for rent

    Features

    Private PoolPrivate Pool TerraceTerrace DuplexDuplex BalconyBalcony BathtubBathtub

    Basic Information

    Date Listed Oct 8, 2024
    Updated 1 month ago
    Property Type Villa (Single Detached)
    Storeys 3
    Location Thep Krasattri, Phuket
    Bedrooms 3
    Nearest Landmark Bang Tao Beach -3.5 Km
    Indoor Area 3,789 Sqft
    Price per Sqft $155
    Outdoor Area
    This is the combined size of the terrace, pool, parking area, and sala. It does not include the size of the garden.
    538 Sqft
    Plot Size 2,120 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.

    Company
    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.

    Company
    Land Title Deed Chanote
    Construction Completed (Apr 2022)
    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) Pool View
    Unit Type N/A
    Parking Spots 2
    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.
    $49,800/mo
    Listed By
    Private Owner
    Electricity Price N/A
    Water Price N/A
    Unit ID U1945777

    Investment Opportunity: Charges & Yield

    Sale Price
    $588,000
    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.
    $49,800/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.
    9
    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 The Residence, and the current sales price.
    11%

    Project Details

    Project Name: The Residence
    Developer: Andaman Asset Solution Co., Ltd.
    Construction: Completed (Apr 2022)
    Units: 24
    Project Area: 94,395 Sqft
    Nearest Landmark Bang Tao Beach - 3.5 Km
    Location: Thep Krasattri, Phuket
    The Residence Project Details

    Project Features

    Communal Pool Communal Pool
    Communal Gym Communal Gym
    Clubhouse Clubhouse
    24H Security 24H Security
    CCTV (Video Surveillance) CCTV (Video Surveillance)
    Reception / Lobby Area Reception / Lobby Area

    Popular Facilities at The Residence

    • All
    • Leisure
    3
    • Communal Pool
      1st Floor

    Available Units at The Residence

    For Sale 6 For Rent 6
    • All
    • 3 Beds
    Get notified when new homes are being added to The Residence
    View All (6)

    Loan Calculator

    Frequently Asked Questions

    All kind of pets are allowed at The Residence including dogs, cats, rabbits, hamsters, guinea pigs, birds, and reptiles.
    The common area maintenance fee is $253 per square meter based on the plot size of the property and is $49,800 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 The Residence the required payment for the sinking fund is $5,050 per square meter based on the size of the plot size of the property.
    Bang Tao Beach is the nearest Beach from The Residence and it is 3.5 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 The Residence you have to follow these steps:

    • - Agreement of terms and conditions
    • - Reservation Agreement
    • - Reservation Deposit
    • - Sales and Purchase Agreement
    • - Settlement & Transfer
    Installment Milestone Payment
    Reservation Deposit
    Immediately
    $573
    1st Installment
    Upon contract signing
    30%
    2nd Installment
    Super Structure
    30%
    3rd Installment
    Topping Out
    20%
    4th Installment
    On handover
    20%


    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
    Thep Krasattri

    Neighborhood Overview

    Location and Neighborhood

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    Number of units
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    Sales Prices
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    Monthly Rentals
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    Year Built
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    Completion Status
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    Projects Nearby The Residence
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    Mouana Serenity Cherngtalay
    Baan Kanjanaville
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