S R Condo, Near The Station

[NigelKennedy]

Anybody live in SR condo, what is it like,do many foreigners live there, how much to rent a nice studio ?

[bangkok blue]

I had friends that lived there a while ago. Rooms are ok, but ran down. Lift hardly ever works, which means a long hike up the stairs if living on a high floor. I think you can find better elsewhere.

[WinnieTheKhwai]

[gladaseya]

I just moved in and certainly would not have if I found serious problems.

For the price and convenience I find it a bargain.

[vagabond48]

My wife and looked at it about 1 year ago. It looked poorly maintained. A number of these single rooms are bought up by foreigners and their GFs. They combine 2 rooms, renovate and sell them as a 1 bedroom apartment. IMO, the prices were ridiculous for what you got.

[stigvinck]

SR Complex is one of those run down buildings that have been poorly maintained for years.

It is similar to the situation that Gale Thong, Skybreeze, etc were in a few years ago. And they turned out much much better than they were back then, and many of the people that put their money in the buildings at the early stages, made some very nice profits.

Recently more and more people get interested in SR Complex and buy and renovate units.

This means more money coming in from condo fees, since most sellers had years of unpaid fees.

That money can then be used to upgrade the building which in turn will attract more buyers.

But it does not only depend on how much money comes in. Lots has to do with the management.

This just needs a few owners to get together and start acting and pushing the management to use the money properly. (It happened in other buildings and it can happen in SR as well)

If any of the owners in SR are reading this, feel free to contact me and I will get you in contact with other owners that are willing to help get the building to a higher standard.

SR still has a long way to go, but has potential.

For the investor that wants to take a small risk (prices are cheap anyway) and that looks at the long term idea of it, this building is a good choice. You'll see that your investment will pay off, but it takes some time and effort. Talk to the people that bought five years ago in Galae Thong, Suphanit, Skybreeze etc and they will tell you what I mean.

If you are looking to buy into a nicely run building, risk free, with steady rents, then SR is not a good option at the moment. It will be in time, but then you will pay much more.

For tenants, if you are looking for a budget place to stay, then SR is an option. Some of the units have been done up nicely, but the building itself is still in a poor condition. If you don't mind that and your budget is tight, then there are some nice places in there

Stig

[Rancid]

If your dream home is a run down dump then you needn't look further than SR. There has indeed been some renovating there as the renovators ran out of half decent buildings with cheapo rooms from the bank, SR was all that was left. Obviously the inside can be OK if done well but can't see the profit in a top reno there. Crappy location too unless you like traffic and trains and who wants to walk that road late at night. Used to know someone there on the game so the price can be right. Mind you good sized rooms.

[NigelKennedy]

Hello and thanks for all the comments especially to stigvinck. I wonder Rancid which other blocks you would recommend where

I could buy renovate and get a good return with some appreciation in 5-15 years. Thank you.

[expatsupreme]

wow just wanted to buy a condo there, looks nice from inside, but if there is traffic noise, thank you very much