You can use both dashboards for that. So when using both dashboards, it will help you to identify which type of property in a certain area will generate the best ROI for your client. This is based on the data that we have recorded so far within Phosphas.
So it’s not 100% accurate at this point, but it gives you a very clear indication and you can show it and explain it very clearly to your client. There are basically two steps involved. First, we look up property prices in the sales dashboard based on the completed needs assessment.
Completed needs assessment. Brandon has done a call. We had multiple workshops on that and is really crucial to understand what your client is looking for and to flex them accordingly as well to open up options.
Second step would be to look up the rental prices in the rental dashboard with the same parameters and calculate the average ROI. And let me give you an example. Let’s assume we had a client and we have completed our needs assessment and we found out the following requirements client is interested in Phuket Changtale area or nearby.
They want a house in the project, must be off plan because they want to design it themselves, want to have various things changed. It should be at least three bedroom, but preferably four bedrooms because the client thinks it might be better to rent out. The max budget is 30 million Thai bar, which is not possible to increase.
It’s a pure investment for the next ten years, and they really want the highest possible return of investment. So let me show you what I have done. At first I was checking four bedrooms, and what I did is basically I’ve chosen the region, I have chosen the property type, I’ve changed the status to off plan and chosen four bedrooms.
So seeing that, the dashboard shows me basically the areas where fastbus agents have sold four bedroom villas, and I can see already the median sales price is 35.1, which is obviously too high for our client. However, if you go to regions and subregions, you see very clearly there is one area which is called Sisunton at 28.6
million in average for four bedroom villa. And then we have Chung Tali, which was the main area that the client is interested in at 35.2 million.
Cson Ton is basically more or less chunk Tale nearly it’s right away the border. You have the same distance nearly to Boat Avenue, et cetera. So this area would be okay for the client.
Casatati, or however you pronounce it, is a little bit further out and is also way overpriced. Even Chung Tale is too expensive, but C Sunton could be an option. However, our client also said three bedroom is enough for them.
So the prices here in Chungtale are 28.2, and in C Sunton 20.6 million.
So three bedroom. We could find something in both areas, but as you can see already season ton is an average 23% to 27% cheaper than Shanghai. And now it’s interesting to see if we go to the rental dashboard to use the same parameters and see how the average rental prices are.
How do I okay, so again, we have chosen Phuket as a region. We have looked now at Changtale and Sisunton as a sub region, specifically property type houses and project. Again, four bedrooms.
As you can see here, Changtale is even a little bit cheaper based on our recorded deals than Ceonton, which makes it very interesting as we obviously get a higher return, three bedroom options. Jungtalier is more expensive than Cecil, so let’s calculate our average hour ion dose to get a clear understanding where we stand. You can just basically calculate a simple math, but based on the sales price and the average rental price, four bedroom villas in Chungtali averaging around 6.6%
annual rental return, and Cson ton houses 8.3, which is very impressive. Going to the three bedrooms, the returns are a little bit lower.
Based on our data, changtali 5.2, Csoanton 4.4%. Based on the market, the four bedroom houses stayed a little bit longer, but in average one and a half months, it’s not really long.
And we can see there’s clearly a high demand as well. So, based on that, our conclusion and our conclusion is based on our clients requirements and our recorded data, four bedroom houses generating higher returns than three bedroom houses, and houses in Csoanton have higher returns due to the lower purchase price. And there’s also like a big demand in Cecenton.
There are many different projects where we are selling very well, and also our clients asking a lot for rental properties there. So I would recommend to this sort of client a four bedroom house in C Sulton. However, keep in mind, the data that we tracked so far is only the 2023 data.
So it’s not 100%, but it gives you a clear indication when a client really wants to talk about returns. And you can tell them not just it’s around this or this, you can really go into the dashboard and say, based on the transaction that we have completed at Fastballs with our agents, this is what we’re achieving at the moment, building up on this call. Next week, I will run you through our rental calculator, where you can basically go into more details and include any fees that arise, like furniture package, one time fees, like sinking funds, et cetera, et cetera.
So you can basically really calculate it 100% accurate and give a client a very clear answer in terms of what’s possible to achieve. So I hope you enjoyed that a little bit and it’s going to help you in the future make use of this dashboard. It’s, for me personally, something that I would use day to day, because you can really tell clients what is selling for what prices, what is renting for what prices, where’s a high demand and a lot more where we go into more detail in the next few calls.
Thank you. Enjoy your day and good luck.