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    3 Bedroom Villa for sale at The Teak Phuket
    Choeng Thale, Thalang,Phuket
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    Sale Price
    $742,000
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    3 Bedroom Villa for sale at The Teak Phuket
    (1 Review)
    Unit ID: U1715988
    19% Rental Yield
    Choeng Thale, Thalang,Phuket
    $742,000
    3 Bedrooms
    3
    Bathrooms
    4,219 Sqft
    Indoor Area
    2
    Storeys
    Jan 2023
    Completed
    29
    Sale Price
    $742,000

    About This Villa

    This property is a 4,219 Sqft villa with 3 bedrooms and 3 bathrooms that is available for sale. It is part of the project in Choeng Thale, Phuket and was completed in Jan 2023. You can buy this villa for a base price of $742,000 ($176/Sqft).

    Features

    TerraceTerrace Covered ParkingCovered Parking BalconyBalcony Full Western KitchenFull Western Kitchen Washing MachineWashing Machine OvenOven TVTV

    Basic Information

    Date Listed Jan 17, 2024
    Updated 10 months ago
    Property Type Villa (Single Detached)
    Storeys 2
    Location Choeng Thale, Phuket
    Bedrooms 3
    Nearest Landmark Bang Tao Beach -2.4 Km
    Indoor Area 4,219 Sqft
    Price per Sqft $176
    Outdoor Area
    This is the combined size of the terrace, pool, parking area, and sala. It does not include the size of the garden.
    452 Sqft
    Plot Size 3,369 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.

    Thai Ownership
    Land Title Deed Chanote
    Construction Completed (Jan 2023)
    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, 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.
    $262/mo
    Listed By
    Private Owner
    Electricity Price N/A
    Water Price N/A
    Unit ID U1715988

    Investment Opportunity: Charges & Yield

    Sale Price
    $742,000
    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.
    $262/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.
    5
    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 Teak Phuket, and the current sales price.
    19%

    Project Details

    Project Name: The Teak Phuket
    Developer: CHANYAWEE GROUP CO., LTD.
    Construction: Completed (Dec 2022)
    Units: 8
    Project Area: 34,445 Sqft
    Nearest Landmark Bang Tao Beach - 2.4 Km
    Location: Choeng Thale, Phuket
    The Teak Phuket Project Details

    Project Features

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

    Available Units at The Teak Phuket

    For Sale 3 For Rent 4
    • All
    • 3 Beds
    • 4 Beds
    Get notified when new homes are being added to The Teak Phuket
    View All (3)

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    Frequently Asked Questions

    All kind of pets are allowed at The Teak Phuket including dogs, cats, rabbits, hamsters, guinea pigs, birds, and reptiles.
    The common area maintenance fee is $1 per square meter based on the plot size of the property and is $262 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.
    Bang Tao Beach is the nearest Beach from The Teak Phuket and it is 2.4 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 Teak Phuket 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
    2%
    1st Installment
    Upon contract signing
    28%
    2nd Installment
    On handover
    70%


    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
    It is a great place to live.
    Jonh R., Thailand, 3 years ago
    This project is still under construction and is located in Soi Pasak 4/1, a good location near Boat Avenue Cherngtalay, Blue Tree Phuket, and Layan Beach. I will definitely buy this project because it uses only high-quality materials. Furthermore, the villa is designed in a stunning oriental style. The villa is a 2-story with 2 to 3 bedrooms, a spacious usable area, and parking space for two cars. The private pool is quite large, surrounded by a lush garden. The project is located in a peaceful environment. It is a great place to live.
    Phuket
    Choeng Thale

    Neighborhood Overview

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