Affordable Freehold 1 Bedroom Condo for Sale at Patong Condotel

Description

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.

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

Landmarks:

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

Experience the best of Phuket living in Patong, where vibrant city life meets beachfront serenity.