Unit ID: U1955216
6% Rental Yield
Tenant-Occupied until Nov 30, 2025
Patong, Kathu,Phuket
฿5,400,000
2 Bedrooms
2
Bathrooms
70 SqM
Size
5
Floor
Oct 2002
Completed

About This Condo

This property is a 70 SqM condo with 2 bedrooms and 2 bathrooms that is available for sale. It is part of the project in Patong, Phuket and was completed in Oct 2002. You can buy this condo for a base price of ฿5,400,000 (฿77,143/SqM).

Basic Information

Date Listed Oct 25, 2024
Updated 1 month ago
Property Type Condo
Floor 5
Bedrooms 2
Size 70 SqM
Price per SqM ฿77,143
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%.

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) Sea View, Mountain 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.
฿3,150/mo
Listed By
Private Owner
Electricity Price N/A
Water Price N/A
Unit ID U1955216

Investment Opportunity: Charges & Yield

Sale Price
฿5,400,000
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.
฿3,150/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.
16
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 2 bedroom condos at Diamond Condominium Patong, and the current sales price.
6%

Project Details

Developer: N/A
Construction: Completed (Oct 2002)
Floors: 6
Buildings: N/A
Units: 16
Project Area: N/A
Nearest Landmark Central Patong - 1.5 Km
Location: Patong, Phuket
Diamond Condominium Patong Project Details

Project Features

Communal Pool Communal Pool
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Car Parking Car Parking

Available Units at Diamond Condominium Patong

For Sale 1 For Rent 1
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Frequently Asked Questions

The common area maintenance fee is ฿45 per square meter based on the size of indoor area of the property and is ฿3,150 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.
Central Patong is the nearest Shopping Mall from Diamond Condominium Patong and it is 1.5 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 Diamond Condominium Patong 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

4.2 out of 5
Based on
2 Reviews
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
An affordable condo in Patong
Taylor Schneider, Norway, 5 years ago
I can’t believe I will find a cheap condo in the touristy area of Patong. The room I stayed in is a 2-bedroom unit, good size, and fully furnished. Although the condition may not look very new, every piece of furniture is still usable. There is a swimming pool and sunbeds on the rooftop where I can enjoy the sea view, making me feel so joyful.
Good location, quiet, close to Patong Beach.
Teddy Kai, China, 5 years ago
It has been 2 years since I have lived here. I live alone in a 2-bed unit but use the second bedroom as a working space. The atmosphere here is quiet, not crowded. My fully-furnished room includes a closet, bed, and kitchen equipment. The project provides parking lots, but it is not enough, and there is a rooftop pool. The location is convenient, which is on the way to Kata Beach, Karon Beach, and close to Patong Beach, just a few minutes away.
Phuket
Patong

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby Diamond Condominium Patong

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Number of units
Sales Prices
Monthly Rentals
Year Built
Completion Status
Project Name
Location
Number of units
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Year Built
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Project Name
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Number of units
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Completion Status
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Number of units
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Completed
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Patong, Kathu, Phuket
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Year Built
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Completion Status
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Location
Patong, Kathu, Phuket
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Sales Prices
฿15.8M - ฿20M
Monthly Rentals
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Completion Status
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Project Name
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Location
Patong, Kathu, Phuket
Number of units
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Sales Prices
฿4.9M
Monthly Rentals
฿30K - ฿35K
Year Built
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Completion Status
Completed
Project Name
Beverly Hills
Location
Patong, Kathu, Phuket
Number of units
N/A
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฿15M
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Monthly Rentals
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Year Built
Dec 2001
Completion Status
Completed
Location
Patong, Kathu, Phuket
Number of units
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Sales Prices
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▼ -34% underpriced
Monthly Rentals
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Year Built
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Completion Status
Completed
Project Name
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Location
Patong, Kathu, Phuket
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Monthly Rentals
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Year Built
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Completion Status
Completed
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