A furnished three-bedroom freehold townhouse in an established Choeng Mon residence, reduced to 8,400,000 THB.
The lowest price on our books in this bay, and one of very few properties on the island where the word freehold is stated without qualification. This is a three-bedroom townhouse in an established Choeng Mon residence, furnished and ready to move into, reduced from 8,900,000 to 8,400,000 THB. The ground floor is open, a lounge across the front, a dining table and a fitted kitchen behind it, with a guest w/c and a rear door to the garden. Upstairs are three bedrooms, two doubles and a single, sharing two bathrooms, one with a bathtub. It is not a new building and we would rather say so: the residence has been running for years, which is why it has grown-in gardens and settled facilities rather than a show unit. Those facilities are the reason the price makes sense. Two swimming pools, a residents gym, a back-up generator so the power does not go with the island's, solar hot water, an on-site water treatment plant, 24-hour security, and a tuk-tuk that runs residents down to Choeng Mon beach. The one figure not published anywhere is the floor or plot area, and for a townhouse at this price that is the first thing to get from the deed. Ask us and we will pull it.
One townhouse, one price, sold furnished. This is an older residence rather than a new development, and that is both the reason for the price and the reason to look carefully at the building survey and the annual charges. The floor area is not published anywhere. Ask us for the deed and the residence accounts and we will get both before you offer.
Guide prices are indicative only, subject to change and availability. Currency conversions are approximate.
No rental figures come with this townhouse, so we quote no yield. The case for it is the entry price rather than the income: 8,400,000 THB for three bedrooms, furnished, freehold, in a residence with its own pools, gym, generator and security, walking distance from a beach that people actually want to stay on. That is a low base to let against. The counterweight is the age of the building, which means maintenance and the residence sinking fund matter more here than in a new development, and the fact that the floor area is not published, which makes it hard to benchmark against anything else until we pull the deed. Get the annual charges and the building condition checked properly before you offer.
Choeng Mon sits on the north east corner of Samui, past the airport and around the headland from Chaweng, and it has kept its village character: a kilometre of golden sand, Koh Fan island offshore, a few streets of shops, restaurants and family bars, and resorts at either end rather than through the middle. This residence is within reach of the beach on foot and runs a tuk-tuk down to it anyway. The airport is about ten minutes, Chaweng and Central Festival about twelve, the Big Buddha temple five.
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