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    Studio Condo for sale at Icon Park
    Kamala, Kathu,Phuket
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    Sale Price
    $144,000
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    Studio Condo for sale at Icon Park
    (3 Reviews)
    Unit ID: U1162548
    5% Rental Yield
    Tenant-Occupied until Feb 1, 2025
    Kamala, Kathu,Phuket
    $144,000
    Studio Bedroom
    1
    Bathroom
    506 Sqft
    Size
    4
    Floor
    Nov 2013
    Completed
    8
    Sale Price
    $144,000

    About This Condo

    This property is a 506 Sqft studio condo with 1 bathroom that is available for sale. It is part of the project in Kamala, Phuket and was completed in Nov 2013. You can buy this condo for a base price of $144,000 ($286/Sqft) and it is also available for long term rentals starting from $583 per month.

    Features

    BalconyBalcony Wifi IncludedWifi Included BathtubBathtub TVTV

    Basic Information

    Date Listed Mar 3, 2023
    Updated 2 months ago
    Property Type Condo
    Floor 4
    Bedroom Studio
    Size 506 Sqft
    Price per Sqft $286
    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) Pool View
    Unit Type N/A
    Building Tower D
    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.
    $62/mo
    Listed By
    Private Owner
    Electricity Price N/A
    Water Price N/A
    Unit ID U1162548

    Investment Opportunity: Charges & Yield

    Sale Price
    $144,000
    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.
    $62/mo
    Rent
    $583/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.
    21
    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: Icon Park
    Developer: Ocean Group Asia
    Construction: Completed (Nov 2013)
    Floors: 7
    Buildings: 4
    Units: 92
    Project Area: 34,445 Sqft
    Nearest Landmark Kamala Beach - 0.5 Km
    Location: Kamala, Phuket
    Icon Park Project Details

    Project Features

    Communal Pool Communal Pool
    Jacuzzi Jacuzzi
    Communal Gym Communal Gym
    24H Security 24H Security
    CCTV (Video Surveillance) CCTV (Video Surveillance)
    Car Parking Car Parking
    Spa Spa
    Sauna Sauna
    Reception / Lobby Area Reception / Lobby Area

    Popular Facilities at Icon Park

    • All
    • Fitness
    • Leisure
    4
    • Communal Pool
      Ground Floor
    • Communal Gym
      Ground Floor
    • Sauna
      Ground Floor

    Available Units at Icon Park

    For Sale 7 For Rent 16
    • All
    • Studio
    • 1 Bed
    • 2 Beds
    Get notified when new homes are being added to Icon Park
    View All (7)

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    Frequently Asked Questions

    No pets are allowed at Icon Park 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 $62 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 Icon Park the required payment for the sinking fund is $18 per square meter based on the size of the indoor area of the property.
    Kamala Beach is the nearest Beach from Icon Park and it is 0.5 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 Icon Park 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

    4.3 out of 5
    Based on
    3 Reviews
    Maintenance
    Staff / Security
    Facilities on Site
    Quality of Finishing
    Value for Money
    Location
    + Write a review
    Yes is good
    Verified Visitor, 1 year ago
    L appartement à une belle vue sur la mer et plage de Kamala à 300 m à pieds pour la plage et à 50 m d un grand supermarché. Un grand marché 3 fois par semaine juste au début de l avenue à peine à 100 m Une salle de gym une grande piscine et sauna vous attend pour vous ressourcer . Un ascenseur climatisé vous amène au 3 étage
    Hot and Cold Plunge Pools!
    Verified Former Resident, 4 years ago
    Project is located on the main road as you come down the hill from Patong into Kamala. Two main towers with a number of unit configurations. The pool and facilaites are the best part of this project (just ahead of the location). The pool is awesome, changing neon lights and great for swimming laps. There is a proper cold plunge pool and hot tub in the gym area open to all residents for free. A short 5 minutes walk to Kamala Beach.
    Great invest condo
    Stephan Puckett, Canada, 6 years ago
    I have been living in Kamala for many years and saw this condo since it was initially constructed. Then, I decided to buy it to rent out at a reasonable price. I think I have made the right decision because the feedback from my clients was very positive. There are always customers asking for information and booking it. I bought a duplex, 2 bedrooms, quite large, fully furnished, along with a full-frame window that offers a beautiful view of the mountains and trees. The facilities include a gym, a swimming pool, a sauna, and a spa. It looks a bit old but acceptable. Security is pretty good. You can rent a motorbike for about 250-300 baht per day to travel around Phuket. Kamala Beach is very close; you can walk for 700 meters or about 10 minutes. Nearby, Phuket FantaSea is a place to watch a spectacular show of Phuket island, just about 2 km. The condo is not far away from Patong Beach, about 10 minutes drive as well. There is an evening market in the area where you can go shopping and buy fresh seafood; it's close to Big C Market Kamala as well.
    Phuket
    Kamala

    Neighborhood Overview

    Location and Neighborhood

    Street View

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