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Sold

Cheapest 1-bed at Knightsbridge Prime Ratchayothin฿1.1M below next cheapest unit6.3% rental yield

34.49 sqm

1 bed

1 bath

Floor 27

Sold

฿4,000,000

฿115,976/sqm

Rental yield

6.3%

Expected rent

฿21,000/mo

Next cheapest

฿5.12M

No longer available
Sold in 16 days

Investment Highlights

Lowest-priced 1-bed in the building, ฿1.12M below next cheapest

Expected 6.3% gross yield versus 4.97% building median

Tenant demand from BTS commuters, SCB Park offices, Central Ladprao, Major Ratchayothin, and Kasetsart University

Why This Is a Strong Entry Price

At ฿4.00M, this is currently the lowest-priced 1-bedroom unit in the building.

NEXT CHEAPEST UNIT

฿5.12M

฿1.12M above this unit

TREASURY VALUATION

฿5.54M

฿1.54M above this unit

MEDIAN ASKING PRICE

฿5.70M

฿1.70M above this unit

Current asking prices for comparable units

Each bar on this chart represents one active comparable 1-bedroom listing in Knightsbridge Prime Ratchayothin (~34 sq.m.), ordered from lowest to highest asking price. The green bar is this unit. Based on listings across major property websites excluding duplicates.

Cheapest7 listingsMost expensive

What Return This Unit Can Generate

At the expected rent of ฿21,000/month, this unit is expected to generate 6.2% gross yield and 4.9% net yield after costs.

We expect rent slightly above the building median because this is a high-floor corner unit with better light and two-sided views.

EXPECTED RENT

฿21,000/mo

Underwriting assumption

NET INCOME

฿200,100/yr

After vacancy & costs

NET YIELD

4.9%

Net of all costs

How this return is calculated

Acquisition basis

฿4,000,000 + ฿55,356 buyer transfer fee

฿4,055,356

RENTAL INCOME

Annualized

Gross Rental Income (฿21,000 x 12)

฿252,000

Adjusted Occupancy (95%)

-฿12,600

Effective annual rent

฿239,400

Annual operating expenses

Annual run-rate

Common Fee (฿2,069/month x 12)

-฿24,833

Agent Commission (1mo rent, 2yr turnover)

-฿10,500

Maintenance, Tax & Miscellaneous

-฿4,000

Total annual costs

฿39,333

Net operating income

฿200,067

Net yield

4.9%

Comparable rental listings behind the expected rent

These are recent comparable 1-bed rental listings in Knightsbridge Prime Ratchayothin (~34 sq.m.), ranked from lowest to highest asking rent. The expected rent used for this deal is ฿20,000/month.

midpoint

Buying with a Mortgage?

This shows your net return after all expenses. It starts with the net rental income above, then subtracts mortgage payments to show what you keep after financing.

Loan Terms

80%
3%

Cash Needed & Payments

Cash Needed

฿855,356

Monthly Payment

฿13,491

Your Return

Annual Cash Flow

฿38,171

Cash-on-Cash Yield

4.46%

Location and Tenant Demand Drivers

Knightsbridge Prime Ratchayothin

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Year built
2020
Units
333
Floors
35 floors
Land area
2-0-3 Rai
1 / 5

Building Amenities

  • Swimming pool
  • Gym
  • Steam room
  • Jacuzzi
  • Sauna / spa
  • Private massage room
  • Sky lounge
  • Panoramic sky garden
  • Private dining room and kitchen
  • Meeting room and co-working space
  • Auto parking and car elevator
  • 24-hour security and keycard access

Acquire This Unit

Size
34.49 sqm
Bedrooms
1 bed
Bathrooms
1 bath
Floor
27
Corner unit on a high floor
Lots of natural light
1-minute walk to BTS Phahon Yothin
Total price
฿4,000,000
Price / sqm
฿115,976/sqm
Rental yield
6.3%
Expected rent
฿21,000/mo
Next cheapest
฿5.12M

Still evaluating this deal?

If you want more details or have a specific question, just let us know. We're happy to help.

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