Unit ID: U1910787
4% Rental Yield
Nong Pa Khrang, Mueang Chiang Mai,Chiang Mai
$302,000
3 Bedrooms
4
Bathrooms
2,583 Sqft
Indoor Area
2
Storeys
Jan 2020
Completed

About This House

This property is a 2,583 Sqft house with 3 bedrooms and 4 bathrooms that is available for sale. It is part of the project in Nong Pa Khrang, Chiang Mai and was completed in Jan 2020. You can buy this house for a base price of $302,000 ($117/Sqft).

Laddarom Payup near Unity concord international school

Peaceful and safe community. Q-house brand of luxury house.

Features

Pool AccessPool Access Full Western KitchenFull Western Kitchen

Basic Information

Date Listed Aug 11, 2024
Updated 1 week ago
Property Type House
Storeys 2
Location Nong Pa Khrang, Chiang Mai
Bedrooms 3
Nearest Landmark Central Chiangmai -2.5 Km
Indoor Area 2,583 Sqft
Price per Sqft $117
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 4,521 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.

Foreign Ownership, Thai Ownership, Company, Leasehold
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, Company, Leasehold
Land Title Deed Chanote
Construction Completed (Jan 2020)
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) Unblocked Open 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.
N/A
Listed By
Private Owner
Electricity Price N/A
Water Price N/A
Unit ID U1910787

Investment Opportunity: Charges & Yield

Sale Price
$302,000
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.
26
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 Laddarom Elegance Payap, and the current sales price.
4%

Project Details

Project Name: Laddarom Elegance Payap
Developer: N/A
Construction: Completed (Dec 2006)
Units: 122
Project Area: N/A
Nearest Landmark Central Chiangmai - 2.5 Km
Location: Nong Pa Khrang, Chiang Mai
Laddarom Elegance Payap Project Details

Project Features

Communal Pool Communal Pool
Communal Gym Communal Gym
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Car Parking Car Parking
Sauna Sauna
Communal Garden Area Communal Garden Area

Available Units at Laddarom Elegance Payap

For Sale 5 For Rent 1
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Frequently Asked Questions

All kind of pets are allowed at Laddarom Elegance Payap including dogs, cats, rabbits, hamsters, guinea pigs, birds, and reptiles.
Central Chiangmai is the nearest Shopping Mall from Laddarom Elegance Payap and it is 2.5 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 Laddarom Elegance Payap 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
Nong Pa Khrang

Neighborhood Overview

Location and Neighborhood

Street View

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