Affordable Freehold 1 Bedroom Condo for Sale at Patong Condotel
Condo
Pa Tong, Phuket
Sale Price
฿4,490,000
1
Bed
1
Bath
56
Sqm.
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56 Sqm., 1 Bed, 1 Bath Condo listed for ฿ 4,490,000.
Affordable Freehold 1 Bedroom Condo for Sale at Patong Condotel
Patong Condotel is a traditional condominium centrally located in Patong, just 500 meters from the beach and 1,000 meters from Bangla Road and Jocelyn Shopping Center. This development offers an excellent entry point for investors into Phuket’s real estate market, featuring some of the best per square meter pricing and the lowest condo fees in Patong at 18 THB/SQM per month.
The facility is mature, with common areas and unrenovated apartments requiring upgrades, presenting a rejuvenation opportunity for investors. Unrenovated units sell at a significant discount, approximately 30% to 50% of Patong's average per square meter price (PAP), while renovated units trade at about 55% to 65% of PAP. Post-upgrade, Patong Condotel is expected to trade closer to 80% of PAP.
Despite lacking amenities such as a swimming pool and gym, its proximity to the beach and competitive pricing make it attractive. Over a third of apartments have been renovated in the past 24 months, with rental rates doubling in the same period. As the rejuvenation process continues, Patong Condotel’s value and rental yields are poised to appreciate faster than the overall Patong market.
This freehold condominium complex offers a mix of high-end, restored, and partially renovated apartments, making it a versatile investment in a highly desirable location.
Location & Nearby Places of Interest
Patong, located on Phuket’s west coast, is a dynamic area known for its lively atmosphere and stunning beachfront. This area offers a perfect blend of residential comfort and investment potential.
Amenities:
- Shopping & Dining: Patong boasts a variety of shopping centers such as Jungceylon and Central Patong, alongside an array of international and local dining options.
- Entertainment: Famous for its vibrant nightlife, Bangla Road is the heart of Patong’s entertainment scene with numerous bars, clubs, and live music venues.
- Healthcare: Access to quality healthcare facilities including Patong Hospital and nearby Bangkok Hospital Phuket.
- Leisure: Patong Beach offers a range of water sports and beach activities, while nearby Freedom Beach and Paradise Beach provide more tranquil settings.
- Patong Beach
- Bangla Road
- Jungceylon Shopping Center
- Central Patong
- Freedom Beach
- Paradise Beach
Property Detail
- Sale Price
- 4,490,000
- Bedroom
- 1
- Bathroom
- 1
- Interior size
- 56.00 Sqm.
- Type
- Condo
- Floor
- -
- Reference
- 43806
Location
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Places Nearby
Pa Tong, Kathu, Phuket
Beach
Beach
Patong
- 1.72km
Hospital
Hospital
Patong Hospital
- 416m
Shopping
Shopping
Central Patong
- 914m
Shopping
Jungceylon
- 967m
Storm Real Estate
Agency
With a decade of expertise in Phuket's property market, we stand prepared and thrilled to assist you in discovering your dream property in Phuket, Thailand.
Storm Real Estate provides a remarkable array of villas within the Phuket Property Market. Ranging from the most budget-friendly to the highly exclusive, from those needing renovation to those in pristine condition, and from personal-use to investment villas, we have a wide selection to suit all tastes in what the Phuket property market has to offer.
If you wish to join the fortunate ones who own villas in Phuket, reach out to us today. We take the time to understand your specific needs and preferences, ensuring we find the perfect property from the diverse villas that the Phuket property landscape has available.
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