Unit ID: U1173482
8% Rental Yield
Hin Lek Fai, Hua Hin, Prachuap Khiri Khan
Sold
3 Bedrooms
2
Bathrooms
1,690 Sqft
Indoor Area
1
Storeys
Dec 2018
Completed

About This Villa

This property is a 1,690 Sqft villa with 3 bedrooms and 2 bathrooms that is available for sale. It is part of the Orchid Paradise Homes 3 project in Hin Lek Fai, Hua Hin and was completed in Dec 2018. You can buy this villa for a base price of $189,000 ($112/Sqft).

Features

Private PoolPrivate Pool JacuzziJacuzzi Private GardenPrivate Garden TerraceTerrace Covered ParkingCovered Parking Full Western KitchenFull Western Kitchen MicrowaveMicrowave OvenOven TVTV

Basic Information

Date Listed Apr 7, 2023
Updated 1 month ago
Property Type Villa (Single Detached)
Storeys 1
Location Hin Lek Fai, Hua Hin
Bedrooms 3
Nearest Landmark Hua Hin Beach -4.5 Km
Indoor Area 1,690 Sqft
Price per Sqft $112
Outdoor Area
This is the combined size of the terrace, pool, parking area, and sala. It does not include the size of the garden.
N/A
Plot Size 5,651 Sqft
Pets All Kind of Pets Allowed
Villa Ownership

Foreign nationals can own the building (villa) 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 2018)
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) Mountain View, Pool View, Garden View
Unit Type N/A
Parking Spots 1
Pool Size 8m x 4m
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 U1173482

Investment Opportunity: Charges & Yield

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.
13
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 3 bedroom villas at Orchid Paradise Homes 3, and the current sales price.
8%

Project Details

Project Name: Orchid Paradise Homes 3
Developer: N/A
Construction: Completed (Dec 2018)
Units: 25
Project Area: N/A
Nearest Landmark Hua Hin Beach - 4.5 Km
Location: Hin Lek Fai, Hua Hin
Orchid Paradise Homes 3 Project Details

Project Features

24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Car Parking Car Parking
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Frequently Asked Questions

All kind of pets are allowed at Orchid Paradise Homes 3 including dogs, cats, rabbits, hamsters, guinea pigs, birds, and reptiles.
Hua Hin Beach is the nearest Beach from Orchid Paradise Homes 3 and it is 4.5 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 Orchid Paradise Homes 3 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

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

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Hua Hin
Hin Lek Fai

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby Orchid Paradise Homes 3

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Hin Lek Fai, Hua Hin, Prachuap Khiri Khan
Number of units
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Hin Lek Fai, Hua Hin, Prachuap Khiri Khan
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Hin Lek Fai, Hua Hin, Prachuap Khiri Khan
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Hin Lek Fai, Hua Hin, Prachuap Khiri Khan
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