Low-Cost Freehold Studio Condo for Sale at Patong Condotel

฿‎ 2,490,000

Overview

  • Updated On:
  • 14.11.2024
  • 1 Bedrooms
  • 1 Bathrooms
  • 28 m2

Description

Affordable Freehold Studio 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 development provides a great opportunity for investors to enter Phuket’s real estate market, offering some of the most competitive per square meter prices and the lowest condo fees in Patong at 18 THB/SQM per month.

The property is well-established, with common areas and unrenovated units needing updates, offering a chance for investors to rejuvenate the space. 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 yields are expected to increase more rapidly than the overall Patong market.

This freehold condominium complex offers a variety of high-end, restored, and partially renovated apartments, 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 quality 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.

Not exactly what you’re looking for? Explore our complete inventory of Condos for Sale in Phuket or reach out with your requirements, and we will compile a shortlist of suitable properties for you to consider.

City:
Area:
State/County:
Country: Thailand
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Property Id : 39605
Price: ฿‎ 2,490,000
Property Size: 28 m2
Bedrooms: 1
Bathrooms: 1
Price/Sqm: 88.928 THB
Completion: 1991
Construction Status: Ready to move in
Floor(s): 8th
Furniture: Fully Furnished
Closest Beach: Patong - 1km
View: Mountain Views
CAM Fees: 18 THB / Sqm / Month
Units: 126
Common Area Facilities
Elevator
Ownership & Status
Foreign Freehold
From Private Owner
Ready to Move in
Resale
Thai Freehold
Property Features
Air Conditioning
Car Park
CCTV
Mountain View
Walking Distance to the Beach
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