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    3 Bedroom House for sale at Kad Farang Village
    Ban Waen, Hang Dong,Chiang Mai
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    Sale Price
    $159,000
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    3 Bedroom House for sale at Kad Farang Village
    (1 Review)
    Unit ID: U1842152
    11% Rental Yield
    Ban Waen, Hang Dong,Chiang Mai
    $159,000
    3 Bedrooms
    3
    Bathrooms
    2,368 Sqft
    Indoor Area
    2
    Storeys
    Apr 1995
    Completed
    9
    Sale Price
    $159,000

    About This House

    This property is a 2,368 Sqft house with 3 bedrooms and 3 bathrooms that is available for sale. It is part of the project in Ban Waen, Chiang Mai and was completed in Apr 1995. You can buy this house for a base price of $159,000 ($67/Sqft).

    Features

    Rooftop TerraceRooftop Terrace Private GardenPrivate Garden TerraceTerrace DuplexDuplex BalconyBalcony

    Basic Information

    Date Listed May 19, 2024
    Updated 7 months ago
    Property Type House (Single Detached)
    Storeys 2
    Location Ban Waen, Chiang Mai
    Bedrooms 3
    Nearest Landmark Hang Dong District Municipal Food Market -2.2 Km
    Indoor Area 2,368 Sqft
    Price per Sqft $67
    Outdoor Area
    This is the combined size of the terrace, pool, parking area, and sala. It does not include the size of the garden.
    1,076 Sqft
    Plot Size 3,143 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 (Apr 1995)
    Furniture
    Partly furnished means the property contains the basics i.e. beds, sofa, table and chairs, wardrobes but no electronic appliances, utensils and glassware in the kitchen.
    Partly Furnished
    View(s) Garden View
    Unit Type N/A
    Parking Spots 3
    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 U1842152

    Investment Opportunity: Charges & Yield

    Sale Price
    $159,000
    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.
    9
    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 3 bedroom houses at Kad Farang Village, and the current sales price.
    11%

    Project Details

    Project Name: Kad Farang Village
    Developer: Muensane Property
    Construction: Completed (Aug 2017)
    Units: 200
    Project Area: N/A
    Nearest Landmark Hang Dong District Municipal Food Market - 2.2 Km
    Location: Ban Waen, Chiang Mai
    Kad Farang Village Project Details

    Project Features

    24H Security 24H Security
    CCTV (Video Surveillance) CCTV (Video Surveillance)
    Car Parking Car Parking

    Available Units at Kad Farang Village

    For Sale 1 For Rent 1
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    • 3 Beds
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    Frequently Asked Questions

    All kind of pets are allowed at Kad Farang Village including dogs, cats, rabbits, hamsters, guinea pigs, birds, and reptiles.
    Hang Dong District Municipal Food Market is the nearest Market from Kad Farang Village and it is 2.2 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 Kad Farang Village 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 out of 5
    Based on
    1 Review
    Maintenance
    Staff / Security
    Facilities on Site
    Quality of Finishing
    Value for Money
    Location
    + Write a review
    Single house with spacious area and ready to live in
    Primlada A., Thailand, 5 years ago
    My family and I have lived here since the completion of the project, and we feel a lot of love and attachment to this place. The house that I live in is a 5 bedroom house. The house is spacious and fully furnished. In terms of decoration, it looks simple but comfortable. The facilities in the project are also complete, but what I love the most is probably the spacious living area of the house, which is comfortable, making my children can run and play around happily. As for the location, it is not very close to the city of Chiang Mai, thus, providing peace and non-crowded. However, the nearby neighborhood is considered a prosperous area, consisting of many restaurants, convenience stores, Hang Dong Market, and Hang Dong Hospital. In general, I am very impressed here a lot.
    Chiang Mai
    Ban Waen

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