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    3 Bedroom House for sale at Karnkanok Ville 5
    San Kamphaeng, San Kamphaeng,Chiang Mai
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    Sale Price
    $87,400
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    3 Bedroom House for sale at Karnkanok Ville 5
    (1 Review)
    Unit ID: U1684242
    9% Rental Yield
    San Kamphaeng, San Kamphaeng,Chiang Mai
    $87,400
    3 Bedrooms
    3
    Bathrooms
    1,561 Sqft
    Indoor Area
    2
    Storeys
    Mar 2017
    Completed
    13
    Sale Price
    $87,400

    About This House

    This property is a 1,561 Sqft house with 3 bedrooms and 3 bathrooms that is available for sale. It is part of the project in San Kamphaeng, Chiang Mai and was completed in Mar 2017. You can buy this house for a base price of $87,400 ($56/Sqft).

    Features

    Private GardenPrivate Garden TerraceTerrace DuplexDuplex BalconyBalcony

    Basic Information

    Date Listed Oct 27, 2023
    Updated 1 year ago
    Property Type House (Single Detached)
    Storeys 2
    Location San Kamphaeng, Chiang Mai
    Bedrooms 3
    Nearest Landmark Promenada Chiang Mai -5.4 Km
    Indoor Area 1,561 Sqft
    Price per Sqft $56
    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 4,908 Sqft
    Pets Cats and Dogs (all sizes)
    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 (Mar 2017)
    Furniture
    Unfurnished
    View(s) Garden View, Unblocked Open View
    Unit Type N/A
    Parking Spots 4
    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.
    $0/mo
    Listed By
    Private Owner
    Electricity Price N/A
    Water Price N/A
    Unit ID U1684242

    Investment Opportunity: Charges & Yield

    Sale Price
    $87,400
    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.
    $0/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.
    11
    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 5, and the current sales price.
    9%

    Project Details

    Project Name: Karnkanok Ville 5
    Developer: Karnkanok Property Co., Ltd.
    Construction: Completed (Jan 2010)
    Units: 262
    Project Area: N/A
    Nearest Landmark Promenada Chiang Mai - 5.4 Km
    Location: San Kamphaeng, Chiang Mai
    Karnkanok Ville 5 Project Details

    Project Features

    24H Security 24H Security

    Available Units at Karnkanok Ville 5

    For Sale 2 For Rent 2
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    • 3 Beds
    Get notified when new homes are being added to Karnkanok Ville 5
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    Frequently Asked Questions

    Dogs, cats and small pets like rabbits, hamsters and guinea pigs are allowed at Karnkanok Ville 5.
    Promenada Chiang Mai is the nearest Shopping Mall from Karnkanok Ville 5 and it is 5.4 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 5 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
    3 bedrooms house
    Wanchai V, Thailand, 7 years ago
    My house has 3 bedrooms with a spacious area and divided into good proportions. There is a garden around the house, giving my puppy a space to run and play. It is unfurnished, so we need to decorate ourselves, which is ideal for my wife, who enjoys decorating the house. My house is conveniently located 15 minutes from the city and is surrounded by several shops, restaurants, and markets. It is also filled with essential places like Payap University and San Kamphaeng Hospital. Living here is accessible to the essential services. However, even though there are no facilities like a swimming pool in the common area, there are still security guards for the residents 24 hours to feel at ease about safety.
    Chiang Mai
    San Kamphaeng

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