Unit ID: U1755996
5% Rental Yield
Tenant-Occupied until Aug 1, 2025
Pa Daet, Mueang Chiang Mai,Chiang Mai
$117,000
2 Bedrooms
2
Bathrooms
1,938 Sqft
Indoor Area
1
Storeys
Dec 2015
Completed

About This House

This property is a 1,938 Sqft house with 2 bedrooms and 2 bathrooms that is available for sale. It is part of the project in Pa Daet, Chiang Mai and was completed in Dec 2015. You can buy this house for a base price of $117,000 ($60/Sqft) and it is also available for long term rentals starting from $497 per month.

City house with 2 bedroom in Padaet, in Kad warun.

Single house for rent near Big C Mae Hia, in good , quiet compound The house is located in city which is near big c express 2 mins, 7 branches of 7/11. Nearby facilities ; airport distance 5.9 km, hospital, convenient storesTransfer cost 50-50.

Features

Private GardenPrivate Garden TerraceTerrace Covered ParkingCovered Parking Washing MachineWashing Machine MicrowaveMicrowave TVTV

Basic Information

Date Listed Mar 12, 2024
Updated 9 months ago
Property Type House (Single Detached)
Storeys 1
Location Pa Daet, Chiang Mai
Bedrooms 2
Nearest Landmark Chiang Mai International Airport -2.7 Km
Indoor Area 1,938 Sqft
Price per Sqft $60
Outdoor Area
This is the combined size of the terrace, pool, parking area, and sala. It does not include the size of the garden.
700 Sqft
Plot Size 700 Sqft
Pets All Kind of Pets Allowed
House Ownership

Foreign nationals can own the building (house) in their own name, but not the land that it stands on.

Thai Ownership
Land Ownership

Foreign nationals cannot own land in Thailand. The options in which a foreigner can control the land are via a 30-year lease or by purchasing the land through a Thai company.

Thai Ownership
Land Title Deed Chanote
Construction Completed (Dec 2015)
Furniture
A fully-furnished property is one which is equipped with all required items of a household. From sofa to table lamp, from bed to a dresser and even electronic appliances, utensils and glassware in the kitchen – a fully-furnished property has everything required in your day-to-day life.
Fully Furnished
View(s) City View
Unit Type N/A
Parking Spots 1
Pool Size N/A
CAM Fee
The common area maintenance (CAM) fee has to be paid monthly by owners for the upkeep of the common areas of condominium and housing projects. For new build projects, it is common to pay between 1 - 3 years’ management fees in advance upon the transfer of the unit’s ownership.
$23/mo
Listed By
Private Owner
Electricity Price N/A
Water Price N/A
Unit ID U1755996

Investment Opportunity: Charges & Yield

Sale Price
$117,000
CAM Fee
The common area maintenance (CAM) fee has to be paid monthly by owners for the upkeep of the common areas of condominium and housing projects. For new build projects, it is common to pay between 1 - 3 years’ management fees in advance upon the transfer of the unit’s ownership.
$23/mo
Rent
$497/mo
Price-to-Rent Ratio
The price-to-rent ratio is calculated at the individual home level, where the sales price is divided by 12 times its monthly rent price.
20
Rental Yield
This is the gross rental yield. To calculate this figure we use the advertised monthly rent rate (for a 1-year contract) and the current sales price.
5%

Project Details

Developer: CM Lanna Property
Construction: Completed (Dec 2015)
Units: 41
Project Area: 310,001 Sqft
Nearest Landmark Chiang Mai International Airport - 2.7 Km
Location: Pa Daet, Chiang Mai
Chiang Mai Lanna Village Phase 2 Project Details

Project Features

Communal Pool Communal Pool
Communal Gym Communal Gym
Clubhouse Clubhouse
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Car Parking Car Parking
Basketball Court Basketball Court
Outdoor Kids Zone Outdoor Kids Zone
Communal Garden Area Communal Garden Area

Available Units at Chiang Mai Lanna Village Phase 2

For Sale 2 For Rent 6
Get notified when new homes are being added to Chiang Mai Lanna Village Phase 2
View All (2)

Loan Calculator

Frequently Asked Questions

All kind of pets are allowed at Chiang Mai Lanna Village Phase 2 including dogs, cats, rabbits, hamsters, guinea pigs, birds, and reptiles.
Chiang Mai International Airport is the nearest Airport from Chiang Mai Lanna Village Phase 2 and it is 2.7 km away.

The building (the bricks and mortar) can be owned by a non-Thai national outright in their name in what is called the house registry which secures ownership indefinitely of the structure. 

In Thailand, non-Thai nationals cannot own land outright in their name. Land can be controlled through either a Thai Company or a long-term registered lease. The longest registered lease term by Thai law is 30 years, and most developers will offer 3 terms for a total of 90 years.

 

Read more here

After you have found the right property at Chiang Mai Lanna Village Phase 2 you have to follow these steps:

  • - Agreement of terms and conditions
  • - Reservation Agreement
  • - Reservation Deposit
  • - Sales and Purchase Agreement
  • - Settlement & Transfer


Read more here

A 30-year lease period is legally protected under Thai law and ownership cannot be disrupted. It is common for developers to offer an additional two terms of 30 contractually obligating a total of 90 years. 

Prior to purchasing a leasehold property, it is important to secure a copy of the lease agreement or get further clarity on these three points.

  • - Who is the lessor? (an individual or a Thai Company) Securing a lease from a Thai Company offers much more security than a private individual.

  • - Do I have voting rights as a Lessee? (Some lease contracts do not allow lessee to have voting rights)

  • - Is there a succession clause in the lease agreement that will allow inheritance of the lease?

Read more here

Thailand has different visas like Spousal Visa, Retirement Visa, Student Visa and Elite Visa - just to name a few options. Each visa has different requirements but they are usually easy to obtain.

 

Read more here

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Chiang Mai
Pa Daet

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby Chiang Mai Lanna Village Phase 2

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Number of units
Sales Prices
Monthly Rentals
Year Built
Completion Status
Project Name
Location
Number of units
Sales Prices
Monthly Rentals
Year Built
Completion Status
Location
Pa Daet, Mueang Chiang Mai, Chiang Mai
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228
Sales Prices
$84.46K
Monthly Rentals
$497
Year Built
Jul 2013
Completion Status
Completed
Location
Pa Daet, Mueang Chiang Mai, Chiang Mai
Number of units
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Pa Daet, Mueang Chiang Mai, Chiang Mai
Number of units
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▼ -7.7% underpriced
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Monthly Rentals
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Pa Daet, Mueang Chiang Mai, Chiang Mai
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Sales Prices
$187.05K
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Year Built
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Completion Status
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Location
Pa Daet, Mueang Chiang Mai, Chiang Mai
Number of units
N/A
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$248.42K - $260.11K
Monthly Rentals
$1.32K - $2.48K
Year Built
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Completion Status
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Location
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Number of units
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Sales Prices
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Monthly Rentals
N/A
Year Built
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Completion Status
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Project Name
CM GARDEN
Location
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Number of units
47
Sales Prices
$46.76K - $71.6K
▼ -46% underpriced
Monthly Rentals
N/A
Year Built
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Completion Status
Completed
Project Name
Baan Amorn Nivet
Location
Pa Daet, Mueang Chiang Mai, Chiang Mai
Number of units
235
Sales Prices
$409.17K
▼ -30% underpriced
Monthly Rentals
N/A
Year Built
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Completion Status
Completed
Location
Pa Daet, Mueang Chiang Mai, Chiang Mai
Number of units
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Sales Prices
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Monthly Rentals
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Year Built
Nov 2015
Completion Status
Completed
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