Unit ID: U1738248
4% Rental Yield
Phanthai Norasing, Mueang Samut Sakhon,Samut Sakhon
฿7,500,000
4 Bedrooms
3
Bathrooms
120 SqM
Indoor Area
2
Storeys
Dec 2017
Completed

About This House

This property is a 120 SqM house with 4 bedrooms and 3 bathrooms that is available for sale. It is part of the project in Phanthai Norasing, Samut Sakhon and was completed in Dec 2017. You can buy this house for a base price of ฿7,500,000 (฿62,500/SqM).

Features

Rooftop TerraceRooftop Terrace TerraceTerrace DuplexDuplex BalconyBalcony

Basic Information

Date Listed Feb 19, 2024
Updated 9 months ago
Property Type House (Single Detached)
Storeys 2
Location Phanthai Norasing, Samut Sakhon
Bedrooms 4
Nearest Landmark Lak Song BTS -12.4 Km
Indoor Area 120 SqM
Price per SqM ฿62,500
Outdoor Area
This is the combined size of the terrace, pool, parking area, and sala. It does not include the size of the garden.
140 SqM
Plot Size 272 SqM
Pets All Kind of Pets Allowed
House Ownership

Foreign nationals can own the building (house) in their own name, but not the land that it stands on.

Thai Ownership
Land Ownership

Foreign nationals cannot own land in Thailand. The options in which a foreigner can control the land are via a 30-year lease or by purchasing the land through a Thai company.

Thai Ownership
Land Title Deed Chanote
Construction Completed (Dec 2017)
Furniture
Specific items of furniture can be requested in the sale, or buyers can offer to purchase some or all of it. When negotiating a deal, either party can suggest that such items be included in the sale price.
Negotiable
View(s) Garden View
Unit Type N/A
Parking Spots 2
Pool Size 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.
฿2,448/mo
Listed By
Each listing provided by partnered agents is individually verified by SamuiTimes. Partner Agents work for different brokerages or property management companies but have teamed up with SamuiTimes so that we can provide you a wider choice of properties
Agent / Partner
Electricity Price N/A
Water Price N/A
Unit ID U1738248

Investment Opportunity: Charges & Yield

Sale Price
฿7,500,000
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.
฿2,448/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.
24
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 4 bedroom houses at The Grand Rama 2, and the current sales price.
4%

Project Details

Project Name: The Grand Rama 2
Developer: Golden Land
Construction: Completed (Dec 2017)
Units: 545
Project Area: N/A
Nearest Landmark Lak Song BTS - 12.4 Km
Location: Phanthai Norasing, Samut Sakhon
The Grand Rama 2 Project Details

Project Features

Communal Pool Communal Pool
Communal Gym Communal Gym
Clubhouse Clubhouse
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Steam Room Steam Room
Sauna Sauna

Available Units at The Grand Rama 2

For Sale 11 For Rent 3
Get notified when new homes are being added to The Grand Rama 2
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Frequently Asked Questions

All kind of pets are allowed at The Grand Rama 2 including dogs, cats, rabbits, hamsters, guinea pigs, birds, and reptiles.
The common area maintenance fee is ฿9 per square meter based on the plot size of the property and is ฿2,448 for this house. 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.
Lak Song BTS is the nearest BTS Station from The Grand Rama 2 and it is 12.4 km away.

The building (the bricks and mortar) can be owned by a non-Thai national outright in their name in what is called the house registry which secures ownership indefinitely of the structure. 

In Thailand, non-Thai nationals cannot own land outright in their name. Land can be controlled through either a Thai Company or a long-term registered lease. The longest registered lease term by Thai law is 30 years, and most developers will offer 3 terms for a total of 90 years.

 

Read more here

After you have found the right property at The Grand Rama 2 you have to follow these steps:

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


Read more here

A 30-year lease period is legally protected under Thai law and ownership cannot be disrupted. It is common for developers to offer an additional two terms of 30 contractually obligating a total of 90 years. 

Prior to purchasing a leasehold property, it is important to secure a copy of the lease agreement or get further clarity on these three points.

  • - Who is the lessor? (an individual or a Thai Company) Securing a lease from a Thai Company offers much more security than a private individual.

  • - Do I have voting rights as a Lessee? (Some lease contracts do not allow lessee to have voting rights)

  • - Is there a succession clause in the lease agreement that will allow inheritance of the lease?

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

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Samut Sakhon
Phanthai Norasing

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby The Grand Rama 2

Location
Number of units
Sales Prices
Monthly Rentals
Year Built
Completion Status
Project Name
Location
Number of units
Sales Prices
Monthly Rentals
Year Built
Completion Status
Location
Bang Nam Chuet, Mueang Samut Sakhon, Samut Sakhon
Number of units
210
Sales Prices
฿3.99M
Monthly Rentals
N/A
Year Built
Sep 2021
Completion Status
Completed
Project Name
Golden Neo Rama 2
Location
Phanthai Norasing, Mueang Samut Sakhon, Samut Sakhon
Number of units
168
Sales Prices
฿3.6M - ฿3.65M
Monthly Rentals
N/A
Year Built
Jan 2019
Completion Status
Completed
Location
Phanthai Norasing, Mueang Samut Sakhon, Samut Sakhon
Number of units
381
Sales Prices
฿2.29M - ฿3.5M
Monthly Rentals
N/A
Year Built
Dec 2017
Completion Status
Completed
Location
Bang Nam Chuet, Mueang Samut Sakhon, Samut Sakhon
Number of units
299
Sales Prices
฿25M
Monthly Rentals
N/A
Year Built
Jan 2019
Completion Status
Completed
Location
Bang Nam Chuet, Mueang Samut Sakhon, Samut Sakhon
Number of units
485
Sales Prices
฿1.2M - ฿9.9M
▼ -20% underpriced
Monthly Rentals
฿150K
Year Built
Dec 2019
Completion Status
Completed
Location
Phanthai Norasing, Mueang Samut Sakhon, Samut Sakhon
Number of units
1584
Sales Prices
฿1.75M - ฿2.2M
Monthly Rentals
N/A
Year Built
Jan 2012
Completion Status
Completed
Location
Phanthai Norasing, Mueang Samut Sakhon, Samut Sakhon
Number of units
748
Sales Prices
฿1.79M - ฿2.2M
Monthly Rentals
N/A
Year Built
N/A
Completion Status
Completed
Location
Phanthai Norasing, Mueang Samut Sakhon, Samut Sakhon
Number of units
340
Sales Prices
฿1.87M
▼ -29% underpriced
Monthly Rentals
N/A
Year Built
Nov 2010
Completion Status
Completed
Location
Phanthai Norasing, Mueang Samut Sakhon, Samut Sakhon
Number of units
293
Sales Prices
฿4.75M - ฿6M
Monthly Rentals
N/A
Year Built
Jan 2021
Completion Status
Completed
Location
Phanthai Norasing, Mueang Samut Sakhon, Samut Sakhon
Number of units
348
Sales Prices
฿4M
Monthly Rentals
฿30K
Year Built
Aug 2003
Completion Status
Completed
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