Studio Condo for sale at Rawai Condotel

(1 Review)
Rawai, Phuket Town,Phuket
Unit ID: U631578
4% Rental Yield
Tenant-Occupied until Feb 1, 2025
Studio Bedroom
1 Bathroom
30 SqM Size
1 Floor
Dec 2010 Completed

About This Condo

This property is a 30 SqM studio condo with 1 bathroom that is available for sale. It is part of the Rawai Condotel project in Rawai, Phuket and was completed in Dec 2010. You can buy this condo for a base price of ฿1,800,000 (฿60,000/SqM) and it is also available for long term rentals starting from ฿6,000 per month.

Two adjoining apartments - 30sqm each

Located on the first floor, above the ground floor, these 2 ADJOINING APARTMENTS, can be purchased separately or together and can be made into one large apartment. Recently painted and fully furnished. They are at the end of the building, so very quiet. Each apartment is approximately 30sq mtrs and has kitchenette, hot water, wifi, air-con. parking available. Price quoted is for one apartment. Open to offers.

Basic Information

Date Listed Mar 4, 2023
Updated 3 months ago
Property Type Condo
Floor 1
Bedroom Studio
Size 30 SqM
Price per SqM ฿60,000
Pets N/A
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%.

Foreign 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.
N/A
Listed By
Private Owner
Electricity Price N/A
Water Price N/A
Unit ID U631578

Price Analysis

Great Price
Estimated market value ฿2,478,292
Great
฿1,260,000
Good
Fair
Above
฿2,920,000
Current asking Price: ฿1,800,000 | Advertised rental rate: ฿6,000/mo
This condo is ฿678,292 BELOW MARKET (-27%) 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
฿1,800,000
Rent
฿6,000/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.
25
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.
4%

Project Details

Project Name: Rawai Condotel
Developer: N/A
Construction: Completed (Dec 2010)
Floors: 4
Buildings: N/A
Units: 40
Project Area: N/A
Nearest Landmark Rawai Beach - 0.8 Km
Location: Rawai, Phuket
Rawai Condotel Project Details

Project Features

CCTV (Video Surveillance) CCTV (Video Surveillance)
Car Parking Car Parking
Reception / Lobby Area Reception / Lobby Area

Available Units at Rawai Condotel

For Sale 3 For Rent 1
Get notified when new homes are being added to Rawai Condotel
View All (3)

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Frequently Asked Questions

Rawai Beach is the nearest Beach from Rawai Condotel and it is 0.8 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 Rawai 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 Rawai Condotel?

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Reviews

4.2 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 Rawai Beach at reasonable price
Orina Popova, Russia, 5 years ago
The condominium I decided to rent monthly is Rawai Condotel which is only 700 meters from Rawai Beach. It is near my workplace, and the rental price is acceptable. As for the decoration, I think it has a vintage sense. Space is clearly divided, and the bedroom is comfortable enough to stay alone. There is a large window to admire the natural atmosphere. When it comes to amenities, there is also a spacious parking lot, CCTV around the project, and the staff to help us. Reasonable price and location.
Phuket
Rawai

Neighborhood Overview

Location and Neighborhood

Street View

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