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    4 Bedroom Villa for sale at Madcha Nirvana
    Huai Yai, Pattaya, Chon Buri
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    Sale Price
    $488,000
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    4 Bedroom Villa for sale at Madcha Nirvana

     (Write Review)
    Unit ID: U1839862
    7% Rental Yield
    Tenant-Occupied until May 30, 2025
    Huai Yai, Pattaya, Chon Buri
    $488,000
    4 Bedrooms
    4
    Bathrooms
    3,678 Sqft
    Indoor Area
    2
    Storeys
    12 Months
    Made To Order
    10
    Sale Price
    $488,000

    About This Villa

    This property is a 3,678 Sqft villa with 4 bedrooms and 4 bathrooms that is available for sale. It is part of the project in Huai Yai, Pattaya and will be built within 12 months of purchase. You can buy this villa for a base price of $488,000 ($133/Sqft) and it is also available for long term rentals starting from $2,810 per month.

    Features

    Private PoolPrivate Pool JacuzziJacuzzi Private GardenPrivate Garden TerraceTerrace Covered ParkingCovered Parking BalconyBalcony Full Western KitchenFull Western Kitchen Washing MachineWashing Machine MicrowaveMicrowave OvenOven TVTV

    Basic Information

    Date Listed May 17, 2024
    Updated 4 months ago
    Property Type Villa (Single Detached)
    Storeys 2
    Location Huai Yai, Pattaya
    Bedrooms 4
    Nearest Landmark Tutu Beach -6.3 Km
    Indoor Area 3,678 Sqft
    Price per Sqft $133
    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 2,967 Sqft
    Pets Not Allowed
    Villa Ownership

    Foreign nationals can own the building (villa) 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 N/A
    Construction Made To Order (12 Months)
    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 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.
    $408/mo
    Listed By
    Private Owner
    Electricity Price Government Rate
    Water Price Government Rate
    Unit ID U1839862

    Investment Opportunity: Charges & Yield

    Sale Price
    $488,000
    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.
    $408/mo
    Rent
    $2,810/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.
    14
    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.
    7%

    Project Details

    Project Name: Madcha Nirvana
    Developer: Madcha Land Development Co., Ltd
    Construction: Made To Order (12 Months)
    Units: 18
    Project Area: 103,334 Sqft
    Nearest Landmark Tutu Beach - 6.3 Km
    Location: Huai Yai, Pattaya
    Madcha Nirvana Project Details

    Project Features

    Communal Pool Communal Pool
    Communal Gym Communal Gym
    24H Security 24H Security
    CCTV (Video Surveillance) CCTV (Video Surveillance)
    Sauna Sauna
    Co-Working Space / Meeting Room Co-Working Space / Meeting Room

    Popular Facilities at Madcha Nirvana

    • All
    • Leisure
    3
    • Communal Pool
      1st Floor

    Available Units at Madcha Nirvana

    For Sale 2 For Rent 1
    • All
    • 3 Beds
    • 4 Beds
    Get notified when new homes are being added to Madcha Nirvana
    View All (2)

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    Frequently Asked Questions

    All kind of pets are allowed at Madcha Nirvana including dogs, cats, rabbits, hamsters, guinea pigs, birds, and reptiles.
    The common area maintenance fee is ฿50 per square meter based on the plot size of the property and is ฿13,780 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 Madcha Nirvana the required payment for the sinking fund is ฿300 per square meter based on the size of the plot size of the property.
    Tutu Beach is the nearest Restaurant from Madcha Nirvana and it is 6.3 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 Madcha Nirvana 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
    $5,920
    1st Installment
    Upon contract signing
    30%
    Down Payment
    1000000 THB/ 3 Months
    $88,700
    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

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    Pattaya
    Huai Yai

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