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    2 Bedroom Townhouse for sale at The Urbana 4
    Mae Hia, Mueang Chiang Mai,Chiang Mai
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    Sale Price
    $69,400
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    2 Bedroom Townhouse for sale at The Urbana 4
    (1 Review)
    Unit ID: U1640974
    15% Rental Yield
    Mae Hia, Mueang Chiang Mai,Chiang Mai
    $69,400
    2 Bedrooms
    3
    Bathrooms
    1,615 Sqft
    Indoor Area
    2
    Storeys
    Jan 2020
    Completed
    5
    Sale Price
    $69,400

    About This Townhouse

    This property is a 1,615 Sqft townhouse with 2 bedrooms and 3 bathrooms that is available for sale. It is part of the project in Mae Hia, Chiang Mai and was completed in Jan 2020. You can buy this townhouse for a base price of $69,400 ($43/Sqft).

    Features

    TerraceTerrace Covered ParkingCovered Parking BalconyBalcony

    Basic Information

    Date Listed Jul 24, 2023
    Updated 1 year ago
    Property Type Townhouse
    Storeys 2
    Location Mae Hia, Chiang Mai
    Bedrooms 2
    Nearest Landmark Chiang Mai International Airport -3.3 Km
    Indoor Area 1,615 Sqft
    Price per Sqft $43
    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 N/A
    Pets All Kind of Pets Allowed
    Townhouse Ownership

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

    N/A
    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.

    N/A
    Land Title Deed N/A
    Construction Completed (Jan 2020)
    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.
    N/A
    Listed By
    Private Owner
    Electricity Price N/A
    Water Price N/A
    Unit ID U1640974

    Investment Opportunity: Charges & Yield

    Sale Price
    $69,400
    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.
    7
    Rental Yield
    This is the gross rental yield based on the estimated rental rate. To calculate this figure we use the average monthly rent rates (for 1-year contracts) from other 2 bedroom townhouses at The Urbana 4, and the current sales price.
    15%

    Project Details

    Project Name: The Urbana 4
    Developer: Palm Springs Place Co., Ltd.
    Construction: Completed (Mar 2015)
    Units: 200
    Project Area: N/A
    Nearest Landmark Chiang Mai International Airport - 3.3 Km
    Location: Mae Hia, Chiang Mai
    The Urbana 4 Project Details

    Project Features

    24H Security 24H Security
    Car Parking Car Parking

    Available Units at The Urbana 4

    For Sale 1 For Rent 2
    • All
    • 2 Beds
    Get notified when new homes are being added to The Urbana 4
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    Frequently Asked Questions

    All kind of pets are allowed at The Urbana 4 including dogs, cats, rabbits, hamsters, guinea pigs, birds, and reptiles.
    Chiang Mai International Airport is the nearest Airport from The Urbana 4 and it is 3.3 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 The Urbana 4 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

    Reviews

    4.5 out of 5
    Based on
    1 Review
    Maintenance
    Staff / Security
    Facilities on Site
    Quality of Finishing
    Value for Money
    Location
    + Write a review
    Modern townhome
    Narung Boonchu, Thailand, 8 years ago
    Newly built townhomes in modern style. It's a 3-bedroom townhome, which is a fitted size for my family. The project has a kids swimming pool where my children like to go. Plus, it is close to Sarasas Witaed Lanna School, where my children study at. It is also near the main road, Chiang Mai - Hang Dong, making my daily commute to work very convenient. It's indeed the right decision that I bought a townhome here.
    Chiang Mai
    Mae Hia

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