House/Villa for sale Pratumnak

INTRO

This is a wonderful opportunity to buy a discounted house in one of Pattaya’s most desirable housing developments.  This house has private beach access just 200 meters from its doorstep!

PROPERTY LOCATION

The location of Majestic Residence is right next to a piece of headland and the 4* resort, Cabbages and Condoms.  Getting around town from this location is very convenient…and of course the beach is only walking distance away.

PROPERTY INTERIOR

This house has 3 bedrooms and 2 bathrooms, with a nice and spacious living area with a total of 250sqm.  There is also an off road garage with electric door, a utility area and approved plans to build a 2nd floor.  The 2nd floor option will provide a sea view and also add a lot of extra value to the property.

PROPERTY EXTERIOR

The main feature is certainly the private pool.   There is also a covered terrace and plenty of open terrace space surrounding it, including a small garden area and many tropical plants.

PROPERTY INVESTMENT ANALYSIS

This house will rent for around 70,000 baht on a long term contract, but also due to location and facilities this property is highly suitable for short term leases.  Rates for such a property will vary between 9,000 baht and 15,000 baht (conservatively) depending on season.  Majestic residence has seen very good capital gains over the years and this house is under-priced compared with other similar offerings in the same village, so instant capital gain should be considered as well.