Unit ID: U1972891
8% Rental Yield
Tenant-Occupied until May 24, 2025
San Phak Wan, Hang Dong,Chiang Mai
$113,000
3 Bedrooms
3
Bathrooms
4,090 Sqft
Indoor Area
2
Storeys
Completed

About This House

This property is a 4,090 Sqft house with 3 bedrooms and 3 bathrooms that is available for sale. It is part of the project in San Phak Wan, Chiang Mai. You can buy this house for a base price of $113,000 ($28/Sqft).

Features

Private GardenPrivate Garden Garden AccessGarden Access TerraceTerrace Covered ParkingCovered Parking

Basic Information

Date Listed Nov 20, 2024
Updated 1 week ago
Property Type House
Storeys 2
Location San Phak Wan, Chiang Mai
Bedrooms 3
Nearest Landmark Chiang Mai International Airport -7.6 Km
Indoor Area 4,090 Sqft
Price per Sqft $28
Outdoor Area
This is the combined size of the terrace, pool, parking area, and sala. It does not include the size of the garden.
1,023 Sqft
Plot Size 1,023 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
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, Park View, Garden View
Unit Type N/A
Parking Spots 2
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.
$29/mo
Listed By
Private Owner
Electricity Price N/A
Water Price N/A
Unit ID U1972891

Investment Opportunity: Charges & Yield

Sale Price
$113,000
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.
$29/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.
13
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 Karnkanok Ville 10, and the current sales price.
8%

Project Details

Project Name: Karnkanok Ville 10
Construction: Completed (Feb 2014)
Units: 374
Project Area: N/A
Nearest Landmark Chiang Mai International Airport - 7.6 Km
Location: San Phak Wan, Chiang Mai
Karnkanok Ville 10 Project Details

Project Features

24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Indoor Kids Zone Indoor Kids Zone

Available Units at Karnkanok Ville 10

For Sale 8 For Rent 2
Get notified when new homes are being added to Karnkanok Ville 10
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Frequently Asked Questions

All kind of pets are allowed at Karnkanok Ville 10 including dogs, cats, rabbits, hamsters, guinea pigs, birds, and reptiles.
Chiang Mai International Airport is the nearest Airport from Karnkanok Ville 10 and it is 7.6 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 Karnkanok Ville 10 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
San Phak Wan

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby Karnkanok Ville 10

Location
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
San Phak Wan, Hang Dong, Chiang Mai
Number of units
35
Sales Prices
$87.21K - $110.84K
Monthly Rentals
$438
Year Built
Dec 2010
Completion Status
Completed
Location
San Phak Wan, Hang Dong, Chiang Mai
Number of units
N/A
Sales Prices
$36.46K - $55.42K
Monthly Rentals
$248 - $292
Year Built
N/A
Completion Status
Completed
Location
San Phak Wan, Hang Dong, Chiang Mai
Number of units
209
Sales Prices
$36.46K
Monthly Rentals
N/A
Year Built
Jan 2013
Completion Status
Completed
Project Name
The Create
Location
Mae Hia, Hang Dong, Chiang Mai
Number of units
35
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$74.38K
Monthly Rentals
N/A
Year Built
Aug 2018
Completion Status
Completed
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Number of units
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Sales Prices
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Year Built
Nov 2017
Completion Status
Made To Order
Project Name
Pool Suite
Location
Mae Hia, Hang Dong, Chiang Mai
Number of units
195
Sales Prices
$69.71K - $116.67K
Monthly Rentals
$496 - $729
Year Built
Jan 2018
Completion Status
Completed
Location
San Phak Wan, Hang Dong, Chiang Mai
Number of units
85
Sales Prices
$78.75K
Monthly Rentals
N/A
Year Built
Dec 2012
Completion Status
Completed
Project Name
Baan Nuntima
Location
San Phak Wan, Hang Dong, Chiang Mai
Number of units
56
Sales Prices
$180.55K - $291.09K
Monthly Rentals
N/A
Year Built
Jan 2009
Completion Status
Completed
Project Name
Koolpunt Ville 4
Location
Mae Hia, Hang Dong, Chiang Mai
Number of units
56
Sales Prices
$81.67K
Monthly Rentals
N/A
Year Built
Sep 2005
Completion Status
Completed
Project Name
Koolpunt Ville 3
Location
Mae Hia, Hang Dong, Chiang Mai
Number of units
135
Sales Prices
$75.54K
Monthly Rentals
N/A
Year Built
N/A
Completion Status
Completed
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