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    Studio Condo for sale at Formosa Ladprao 7
    Chomphon, Chatuchak,Bangkok
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    Sale Price
    $126,000
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    Studio Condo for sale at Formosa Ladprao 7
    (1 Review)
    Unit ID: U219393
    5% Rental Yield
    Chomphon, Chatuchak,Bangkok
    $126,000 Great Price
    Studio Bedroom
    1
    Bathroom
    439 Sqft
    Size
    2
    Floor
    Dec 2017
    Completed
    9
    Sale Price
    $126,000
    Great Price

    About This Condo

    This property is a 439 Sqft studio condo with 1 bathroom that is available for sale. It is part of the project in Chomphon, Bangkok and was completed in Dec 2017. You can buy this condo for a base price of $126,000 ($288/Sqft) and it is also available for long term rentals starting from $526 per month.

    Features

    BalconyBalcony Washing MachineWashing Machine TVTV

    Basic Information

    Date Listed Oct 24, 2019
    Updated 11 months ago
    Property Type Condo
    Floor 2
    Bedroom Studio
    Size 439 Sqft
    Price per Sqft $288
    Pets Not Allowed
    Condo Ownership

    Foreign nationals can own condominium units as freehold owners in buildings where no more than 49% of the unit floor space is owned by foreigners. Units that are part of the Thai quota or are being leased for 30 years can be converted to the foreign freehold quota if it is currently below 49%.

    Thai Quota
    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) Garden View
    Unit Type N/A
    Building 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.
    $54/mo
    Listed By
    Private Owner
    Electricity Price N/A
    Water Price N/A
    Unit ID U219393

    Investment Opportunity: Charges & Yield

    Sale Price
    $126,000
    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.
    $54/mo
    Rent
    $526/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.
    20
    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.
    5%

    Project Details

    Project Name: Formosa Ladprao 7
    Developer: Thai-One Property
    Construction: Completed (Dec 2017)
    Floors: 8
    Buildings: 1
    Units: 97
    Project Area: 80,729 Sqft
    Nearest Landmark Phahon Yothin MRT - 0.7 Km
    Location: Chomphon, Bangkok
    Formosa Ladprao 7 Project Details

    Project Features

    Communal Pool Communal Pool
    Communal Gym Communal Gym
    24H Security 24H Security
    CCTV (Video Surveillance) CCTV (Video Surveillance)
    Car Parking Car Parking
    Reception / Lobby Area Reception / Lobby Area
    Back Up Generators Back Up Generators
    Key card access Key card access

    Popular Facilities at Formosa Ladprao 7

    • All
    • Fitness
    • Leisure
    3
    • Communal Gym
      2nd Floor
    • Co-Working Space / Meeting Room
      2nd Floor
    • Communal Pool
      Ground Floor

    Available Units at Formosa Ladprao 7

    For Sale 7 For Rent 7
    • All
    • Studio
    • 1 Bed
    • 2 Beds
    Get notified when new homes are being added to Formosa Ladprao 7
    View All (7)

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    Frequently Asked Questions

    No pets are allowed at Formosa Ladprao 7 unless specifically permitted by the juristic office. Exceptions can be made for service or guide dogs for persons with disabilities.
    The common area maintenance fee is $1 per square meter based on the size of indoor area of the property and is $54 for this condo. 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 Formosa Ladprao 7 the required payment for the sinking fund is $15 per square meter based on the size of the indoor area of the property.
    Phahon Yothin MRT is the nearest MRT Station from Formosa Ladprao 7 and it is 0.7 km away.

    Foreigners can own a condominium Freehold in their own name. Condominium ownership is best explained by looking at an example of a project that has 100 units for sale.

    In this example, 49 of the total units in this building (or 49% of the total salable area) can be owned outright by non-thai nationals in their name.  The ownership titles of these 49 units is referred to as Freehold or Foreign Quota. 

    This leaves 51 units remaining in the building (or 51% of the total salable). The freehold rights to these units are reserved for Thai nationals in what is commonly referred to as the Thai quota.

     

    Read more here

    After you have found the right property at Formosa Ladprao 7 you have to follow these steps:

    • - Agreement of terms and conditions
    • - Reservation Agreement
    • - Reservation Deposit
    • - Sales and Purchase Agreement
    • - Settlement & Transfer

     


    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

    4.8 out of 5
    Based on
    1 Review
    Maintenance
    Staff / Security
    Facilities on Site
    Quality of Finishing
    Value for Money
    Location
    + Write a review
    Condo near Lat Phrao Intersection
    Anne Pultz, Canada, 4 years ago
    It's a condo in Soi Lat Phrao 7, close to Phahon Yothin MRT, CentralPlaza Lat Phrao, Union Mall, Chatuchak Weekend Market, etc. It is very convenient with the main roads, including Vibhavadi Rangsit Road, Phahonyothin Road, and Sutthisan Road. The estate's atmosphere is not crowded because of the small number of units. The project also includes amenities, such as the swimming pool, the fitness center, the library, and more. The room I rented is a 2-bedroom unit that is tastefully decorated and well-organized. I think it is suitable for those looking for a condo in the heart of the city at a reasonable price.
    Bangkok
    Chomphon

    Neighborhood Overview

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