Affordable Freehold 1 Bedroom Condo for Sale at Patong Condotel

Description

Budget-Friendly Freehold 1 Bedroom Condo Available at Patong Condotel

Located in the heart of Patong, Patong Condotel is a classic condominium just 500 meters from the beach and 1,000 meters from Bangla Road and Jocelyn Shopping Center. This property offers a fantastic opportunity for investors to enter Phuket’s real estate market, boasting some of the most competitive per square meter prices and the lowest condo fees in Patong at 18 THB/SQM monthly.

The complex is well-established, with common areas and unrenovated units needing updates, providing a chance for investors to rejuvenate the property. Unrenovated units are available at a substantial discount, around 30% to 50% of Patong’s average per square meter price (PAP), while renovated units are priced at approximately 55% to 65% of PAP. After upgrades, Patong Condotel is anticipated to reach closer to 80% of PAP.

Although it lacks amenities like a swimming pool and gym, its close proximity to the beach and attractive pricing make it appealing. Over a third of the apartments have been renovated in the last 24 months, with rental rates doubling during this time. As the rejuvenation continues, Patong Condotel’s value and rental returns are expected to increase more rapidly than the broader Patong market.

This freehold condo complex offers a variety of high-end, restored, and partially renovated units, making it a flexible investment in a prime location.

Location & Nearby Attractions

Patong, situated on Phuket’s west coast, is a vibrant area known for its lively atmosphere and beautiful beachfront. This location offers an ideal mix of residential comfort and investment potential.

Amenities:

• Shopping & Dining: Patong features numerous shopping centers like Jungceylon and Central Patong, along with a wide range of international and local dining options.
• Entertainment: Renowned for its bustling nightlife, Bangla Road is the epicenter of Patong’s entertainment scene, with many bars, clubs, and live music venues.
• Healthcare: Access to top-notch healthcare facilities, including Patong Hospital and the nearby Bangkok Hospital Phuket.
• Leisure: Patong Beach offers various water sports and beach activities, while nearby Freedom Beach and Paradise Beach provide more peaceful settings.

Suitability: Patong is perfect for those seeking a vibrant residential environment with easy access to amenities and entertainment. It’s ideal for young professionals, expatriates, and retirees. Investors will find it attractive due to the high demand for rental properties and consistent property value growth.

Landmarks:

• Patong Beach
• Bangla Road
• Jungceylon Shopping Center
• Central Patong
• Freedom Beach
• Paradise Beach

Discover the best of Phuket living in Patong, where vibrant city life meets serene beachfront.

Contact us for more details or to arrange a viewing of this Patong Condotel condo for sale.

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