Royal Estate The Park — Villas in Rawai

Royal Estate The Park: a 16-villa estate in Rawai

Royal Estate The Park is the first phase of a small gated estate in Rawai. The project has 16 villas and was completed in 2004. The houses are in Thai style with hipped tiled roofs, wide verandas and gardens around them. Over twenty years the estate has matured: the greenery has grown in and the neighbourhood is quiet and settled.

It suits buyers looking for a ready house with its own plot rather than a condo, who want to live in the south of the island among the expat community.

Residence types

A four bedroom villa is currently on sale. The developer and the full range of layouts are not stated in open sources.

Four bedroom villa

Living area of 250 m² on a plot of about 332 m², with four bedrooms and four bathrooms. Listed at 16.5M ฿. The house has a carport, terrace and garden, and the bathrooms have wide windows onto the yard.

Facilities

• Communal swimming pool
• Fitness centre
• Clubhouse
• Carport at each villa
• 24-hour security, CCTV

The area

Rawai lies at the southern tip of Phuket and is one of the most residential parts of the island. It has a large expat community, quiet streets, seafood restaurants, western supermarkets, cafes and galleries. Rawai and Nai Harn beaches, Nai Harn Lake and the Promthep Cape viewpoint with its famous sunsets are close by. International schools, hospitals and yacht marinas are within driving distance.

Buying terms

The villa is a resale, and the unit on offer is held by a Thai owner. A foreigner can own the building in their own name and take the land on a registered 30-year lease with renewals or through a Thai company. Before the deal we check the land title deed, building permits and estate service costs.

Transaction costs

On a title transfer the Land Office charges a 2% fee on the appraised value, while a lease registration costs 1% of the total rent for the term. Who pays what is set in the contract.

Investment outlook

Large villas in Rawai are in demand with families staying for long periods, so a house like this can be let monthly. Sources do not quote a yield, so we calculate it for a specific villa using current rental rates.

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