AJSP Posted October 6 Share Posted October 6 My wife has a nephew who lives in Pattaya and owns a small condo in this block. She visited him in August and was really impressed with what he’d done with the space- it’s a 32m2 studio and he’s really kitted it out really well and made best use of the space. she’s now thinking of buying one as a bolt hole when visiting as they seem to sell for around £30/£35k / 1.2/1.4thb I just wondering anyone on here has any knowledge of the block or owns / rents one and their thoughts ? Link to comment Share on other sites More sharing options...
CampariO Posted October 6 Share Posted October 6 I would rather recommend VT 2 instead of VT 1. Never went into 1 but the wife said the hallways look horrible. Lots of stuff outside (shoes, etc.). 1 Link to comment Share on other sites More sharing options...
Smiler Posted October 6 Share Posted October 6 My mate used to have a place in VT 2b. Well it was 3 units and very nice too, 14th floor. Sold it 3 years ago for 4 million. Realise this isn’t much help Ads and I don’t think there would be too much profit if you were looking to flip the gaff. BUT as a bolt hole and possible short term rental income it may well be worth a punt…. 1 Link to comment Share on other sites More sharing options...
AJSP Posted October 6 Author Share Posted October 6 2 hours ago, Smiler said: My mate used to have a place in VT 2b. Well it was 3 units and very nice too, 14th floor. Sold it 3 years ago for 4 million. Realise this isn’t much help Ads and I don’t think there would be too much profit if you were looking to flip the gaff. BUT as a bolt hole and possible short term rental income it may well be worth a punt…. Thanks - that’s the exact idea. its her money and actually at £30k gbp I’m not too concerned so will support her on this. I think it’s an ok idea, probably no capital growth but a money back scenario if he decides to sell 1 Link to comment Share on other sites More sharing options...
Zambo Posted October 6 Share Posted October 6 1 minute ago, AJSP said: Thanks - that’s the exact idea. its her money and actually at £30k gbp I’m not too concerned so will support her on this. I think it’s an ok idea, probably no capital growth but a money back scenario if he decides to sell I am sure you have looked and many units are for sale. I advise bid low with a cash offer and hope for a discount. Then assume a 10% discount on capital growth on sale. Why discount not capital growth? Oversupply of beautiful new units. 1 2 Link to comment Share on other sites More sharing options...
Zambo Posted October 6 Share Posted October 6 1 minute ago, Zambo said: I am sure you have looked and many units are for sale. I advise bid low with a cash offer and hope for a discount. Then assume a 10% discount on capital growth on sale. Why discount not capital growth? Oversupply of beautiful new units. For capital growth try Bangkok Link to comment Share on other sites More sharing options...
AJSP Posted October 6 Author Share Posted October 6 3 hours ago, Zambo said: I am sure you have looked and many units are for sale. I advise bid low with a cash offer and hope for a discount. Then assume a 10% discount on capital growth on sale. Why discount not capital growth? Oversupply of beautiful new units. I’m very much ‘hit em in the bollox’ on overseas property purchases for several reasons - 1. Desperate sales, 2. Exchange rate benefits on the sellers part and of course the old adage of Debt, Divorce or Debt 👍👍 1 Link to comment Share on other sites More sharing options...
Zambo Posted October 6 Share Posted October 6 3 hours ago, AJSP said: I’m very much ‘hit em in the bollox’ on overseas property purchases for several reasons - 1. Desperate sales, 2. Exchange rate benefits on the sellers part and of course the old adage of Debt, Divorce or Debt 👍👍 I can see you're on the case. We bought our house from Kasikorn Bank as a foreclosed property. Needed extensive reservation, but the price was good. Link to comment Share on other sites More sharing options...
Glasseye Posted October 9 Share Posted October 9 (edited) On 10/6/2024 at 8:15 PM, CampariO said: I would rather recommend VT 2 instead of VT 1. Never went into 1 but the wife said the hallways look horrible. Lots of stuff outside (shoes, etc.). Lived in VT 6 for many months. Good and bad about this place. The buildings seem to deteriorate rather quickly (general manintnenance, etc.). Eact. place is fitted out differently then the others. It could be a good option depending on who your neighbors are. Most are short term renters which can casue issues (loud, door slammers, partiers. heavy walking from above, etc.). Most of the VT's have a lot of amenaties in the lower floors (shops and stuff) which can make things convievnant). Rent one yes, buy one no. Also.... there are a lot of owners who fail to pay their mothly matainance fee, so it takes forver to recover the proper operatiing cost and the place in genreal can suffer. Edited October 9 by Glasseye 1 Link to comment Share on other sites More sharing options...
Glasseye Posted October 10 Share Posted October 10 On 10/7/2024 at 2:01 AM, AJSP said: I’m very much ‘hit em in the bollox’ on overseas property purchases for several reasons - 1. Desperate sales, 2. Exchange rate benefits on the sellers part and of course the old adage of Debt, Divorce or Debt 👍👍 We used to call them "The 3 B's" Booze, Broads, and Boats..... They will always lead to trouble or bankrupcy. Link to comment Share on other sites More sharing options...
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