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    3 Bedroom House for sale at The Oriental (Regent 3)
    Chai Sathan, Saraphi,Chiang Mai
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    Sale Price
    $187,000
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    3 Bedroom House for sale at The Oriental (Regent 3)
     (Write Review)
    Unit ID: U1817050
    5% Rental Yield
    Chai Sathan, Saraphi,Chiang Mai
    $187,000
    3 Bedrooms
    3
    Bathrooms
    3,229 Sqft
    Indoor Area
    2
    Storeys
    Dec 2017
    Completed
    5
    Sale Price
    $187,000

    About This House

    This property is a 3,229 Sqft house with 3 bedrooms and 3 bathrooms that is available for sale. It is part of the project in Chai Sathan, Chiang Mai and was completed in Dec 2017. You can buy this house for a base price of $187,000 ($58/Sqft).

    3 Bedroom House in the Oriental Regent 3

    Located in Saraphi, close to international schools like ABS, ACIS, Unity, Chiang Mai Sky, Varee, and Montfort.  Living area of 300 SQM. (furniture not included)   Land size: 64 SQW.  3 bedrooms   3 bathrooms   1 parking space  Nearby Facilities:   Thriving market nearby - 900m Bangkok Hospital - 6.8km Central Airport Plaza Chiang Mai - 2.4km ABS, ACIS School  8.7km Unity School  8.7km Montfort School 4.7km Varee School - 6.5km  Free Inclusions: Hitachi 350W water pump Water tank 1-year termite control for the entire house Kitchen with stove and extractor hood Costs for the transfer day will be split equally between the buyer and the seller. This house is suitable for investors looking for a property with potential for value appreciation, due to its convenient location near various important facilities, including several international schools. The area has high rental demand and offers good rental yields. The neighborhood is currently being developed with an 8-lane road, supporting the upcoming opening of an international airport. This house is a valuable investment property for you!

    Features

    Private GardenPrivate Garden TerraceTerrace Covered ParkingCovered Parking BalconyBalcony TVTV

    Basic Information

    Date Listed Apr 29, 2024
    Updated 6 months ago
    Property Type House (Single Detached)
    Storeys 2
    Location Chai Sathan, Chiang Mai
    Bedrooms 3
    Nearest Landmark Promenada Chiang Mai -1 Km
    Indoor Area 3,229 Sqft
    Price per Sqft $58
    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 2,756 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.

    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 Chanote
    Construction Completed (Dec 2017)
    Furniture
    Unfurnished
    View(s) Garden 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 U1817050

    Investment Opportunity: Charges & Yield

    Sale Price
    $187,000
    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.
    21
    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 The Oriental (Regent 3), and the current sales price.
    5%

    Project Details

    Project Name: The Oriental (Regent 3)
    Developer: N/A
    Construction: Completed (Dec 2017)
    Units: 323
    Project Area: N/A
    Nearest Landmark Promenada Chiang Mai - 1 Km
    Location: Chai Sathan, Chiang Mai
    The Oriental (Regent 3) Project Details

    Project Features

    24H Security 24H Security
    CCTV (Video Surveillance) CCTV (Video Surveillance)
    Sauna Sauna

    Available Units at The Oriental (Regent 3)

    For Sale 8 For Rent 5
    • All
    • 3 Beds
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    Frequently Asked Questions

    All kind of pets are allowed at The Oriental (Regent 3) including dogs, cats, rabbits, hamsters, guinea pigs, birds, and reptiles.
    Promenada Chiang Mai is the nearest Shopping Mall from The Oriental (Regent 3) and it is 1 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 Oriental (Regent 3) 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
    Chai Sathan

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