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    2 Bedroom House for sale at Somwang Mountain View
    Huai Sai, Mae Rim,Chiang Mai
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    Sale Price
    $121,000
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    2 Bedroom House for sale at Somwang Mountain View
     (Write Review)
    Unit ID: U1710306
    7% Rental Yield
    Huai Sai, Mae Rim,Chiang Mai
    $121,000
    2 Bedrooms
    2
    Bathrooms
    1,550 Sqft
    Indoor Area
    1
    Storeys
    Jan 2014
    Completed
    20
    Sale Price
    $121,000

    About This House

    This property is a 1,550 Sqft house with 2 bedrooms and 2 bathrooms that is available for sale. It is part of the project in Huai Sai, Chiang Mai and was completed in Jan 2014. You can buy this house for a base price of $121,000 ($78/Sqft) and it is also available for long term rentals starting from $719 per month.

    Features

    Private GardenPrivate Garden TerraceTerrace Covered ParkingCovered Parking BalconyBalcony MicrowaveMicrowave TVTV Gardening IncludedGardening Included

    Basic Information

    Date Listed Jan 5, 2024
    Updated 2 months ago
    Property Type House (Semi Detached)
    Storeys 1
    Location Huai Sai, Chiang Mai
    Bedrooms 2
    Nearest Landmark Mae Sa Waterfall -5 Km
    Indoor Area 1,550 Sqft
    Price per Sqft $78
    Outdoor Area
    This is the combined size of the terrace, pool, parking area, and sala. It does not include the size of the garden.
    N/A
    Plot Size 3,229 Sqft
    Pets Not 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 (Jan 2014)
    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) Mountain View, Garden 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.
    N/A
    Listed By
    Private Owner
    Electricity Price N/A
    Water Price N/A
    Unit ID U1710306

    Investment Opportunity: Charges & Yield

    Sale Price
    $121,000
    Rent
    $719/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.
    14
    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.
    7%

    Project Details

    Project Name: Somwang Mountain View
    Developer: N/A
    Construction: Completed (Jan 2014)
    Units: 69
    Project Area: N/A
    Nearest Landmark Mae Sa Waterfall - 5 Km
    Location: Huai Sai, Chiang Mai
    Somwang Mountain View Project Details

    Project Features

    Communal Pool Communal Pool
    24H Security 24H Security
    Reception / Lobby Area Reception / Lobby Area
    Communal Garden Area Communal Garden Area

    Available Units at Somwang Mountain View

    For Sale 1 For Rent 1
    • All
    • 2 Beds
    Get notified when new homes are being added to Somwang Mountain View
    View All (1)

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    Frequently Asked Questions

    No pets are allowed at Somwang Mountain View unless specifically permitted by the juristic office. Exceptions can be made for service or guide dogs for persons with disabilities.
    Mae Sa Waterfall is the nearest Waterfalls from Somwang Mountain View and it is 5 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 Somwang Mountain View 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
    Huai Sai

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