Studio Condo for sale at The Nice Condotel

(1 Review)
Choeng Thale, Thalang,Phuket
Unit ID: U1025504
9% Rental Yield
Studio Bedroom
1 Bathroom
32 SqM Size
3 Floor
Jan 2014 Completed

About This Condo

This property is a 32 SqM studio condo with 1 bathroom that is available for sale. It is part of the The Nice Condotel project in Choeng Thale, Phuket and was completed in Jan 2014. You can buy this condo for a base price of ฿2,990,000 (฿93,438/SqM).

Sale Nice Condotel in Phuket, Size 30.5 SQM. The location is very good near Bank, Tesco Lotus, Fresh Market, In heart of community. excellent for relax places.

Features

BalconyBalcony MicrowaveMicrowave

Basic Information

Date Listed Aug 30, 2021
Updated 2 years ago
Property Type Condo
Floor 3
Bedroom Studio
Size 32 SqM
Price per SqM ฿93,438
Pets Not Allowed
Condo Ownership

Foreign nationals can be freehold owners of condominium units, in buildings where not 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 that 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) City 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.
N/A
Listed By
Private Owner
Electricity Price N/A
Water Price N/A
Unit ID U1025504

Price Analysis

Great Price
Estimated market value ฿3,873,902
Great
฿3,030,000
Good
Fair
Above
฿4,370,000
Current asking Price: ฿2,990,000 | Rental estimate: ฿22,200/mo
This condo is ฿883,902 BELOW MARKET (-23%) in the Phuket area. It is analyzed against similar condos and is based on previous transaction data, the current market situation, neighborhood details, and the specific details of this property.
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Investment Opportunity: Charges & Yield

Sale Price
฿2,990,000
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.
11
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 studio condos at The Nice Condotel, and the current sales price.
9%

Project Details

Project Name: The Nice Condotel
Developer: N/A
Construction: Completed (Jan 2014)
Floors: 6
Buildings: N/A
Units: 81
Project Area: N/A
Nearest Landmark Bang Tao Beach - 1.3 Km
Location: Choeng Thale, Phuket
The Nice Condotel Project Details

Project Features

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

Available Units at The Nice Condotel

For Sale 2 For Rent 1
Get notified when new homes are being added to The Nice Condotel
View All (2)

Loan Calculator

Frequently Asked Questions

No pets are allowed at The Nice Condotel unless specifically permitted by the juristic office. Exceptions can be made for service or guide dogs for persons with disabilities.
Bang Tao Beach is the nearest Beach from The Nice Condotel and it is 1.3 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 The Nice Condotel 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

Sale Price : ฿5,759,000
FazWaz Estimate : ฿5,550,000
Price Rating : Great Price
Sale Price : ฿12,140,999
FazWaz Estimate : ฿11,990,999
Price Rating : Great Price
Sale Price : ฿1299,999
FazWaz Estimate : ฿179,999
Price Rating : Overpriced
Sale Price : ฿159,999
FazWaz Estimate : ฿149,999
Price Rating : Fair Price

Do you own a property at The Nice Condotel?

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Reviews

4.3 out of 5
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Second-hand condo in a great location
Sina Lable, United States, 7 years ago
We decided to buy the room here for rental business. It is a spacious studio room with a balcony and is fully furnished with basic furniture. Plus, there is receptionist staff like in a hotel. The swimming pool and the fitness center are closed for renovations sometimes. However, the condo is considered good as it is in a convenient location. In front of the project is Lotus Cherngtalay. Besides, you can also drive to Surin Beach, Bang Tao Beach and Layan Beach in less than 10 minutes.
Phuket
Choeng Thale

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby The Nice Condotel

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Location
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฿46.9M
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Completion Status
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Project Name
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Number of units
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฿4.74M - ฿11.7M
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Completion Status
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Location
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Completed
Location
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฿23.1M - ฿24M
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Location
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Completion Status
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