Unit ID: U1932677
6% Rental Yield
San Sai Noi, San Sai,Chiang Mai
$112,000
3 Bedrooms
2
Bathrooms
1,475 Sqft
Indoor Area
2
Storeys
Jan 2011
Completed

About This House

This property is a 1,475 Sqft house with 3 bedrooms and 2 bathrooms that is available for sale. It is part of the project in San Sai Noi, Chiang Mai and was completed in Jan 2011. You can buy this house for a base price of $112,000 ($76/Sqft) and it is also available for long term rentals starting from $575 per month.

Features

Covered ParkingCovered Parking Fully RenovatedFully Renovated (2024) Washing MachineWashing Machine

Basic Information

Date Listed Sep 12, 2024
Updated 2 months ago
Property Type House
Storeys 2
Location San Sai Noi, Chiang Mai
Bedrooms 3
Nearest Landmark Central Chiangmai -4.1 Km
Indoor Area 1,475 Sqft
Price per Sqft $76
Outdoor Area
This is the combined size of the terrace, pool, parking area, and sala. It does not include the size of the garden.
538 Sqft
Plot Size 2,411 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 (Jan 2011)
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) Mountain 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.
$17/mo
Listed By
Private Owner
Electricity Price N/A
Water Price N/A
Unit ID U1932677

Investment Opportunity: Charges & Yield

Sale Price
$112,000
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.
$17/mo
Rent
$575/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.
16
Rental Yield
This is the gross rental yield. To calculate this figure we use the advertised monthly rent rate (for a 1-year contract) and the current sales price.
6%

Project Details

Project Name: The Patio
Developer: N/A
Construction: Completed (Jul 2015)
Units: 96
Project Area: N/A
Nearest Landmark Central Chiangmai - 4.1 Km
Location: San Sai Noi, Chiang Mai
The Patio Project Details

Project Features

Communal Pool Communal Pool
Clubhouse Clubhouse
24H Security 24H Security
Indoor Kids Zone Indoor Kids Zone
Car Parking Car Parking

Available Units at The Patio

For Sale 2 For Rent 1
Get notified when new homes are being added to The Patio
View All (2)

Loan Calculator

Frequently Asked Questions

All kind of pets are allowed at The Patio including dogs, cats, rabbits, hamsters, guinea pigs, birds, and reptiles.
Central Chiangmai is the nearest Shopping Mall from The Patio and it is 4.1 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 Patio 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
It perfectly fits conveniences.
Thichada W., Thailand, 5 years ago
This luxurious detached house is close to the main road and important locations such as markets, shops, restaurants, temples, and department stores, making life easier. It also has full facilities, such as a swimming pool, clubhouse, and a children's playground. You can feel safe because it has an excellent security system, and the guards will check an ID card before allowing you to enter. I've had no problems since I moved here. My family and I are happy to buy this house.
Chiang Mai
San Sai Noi

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby The Patio

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
Project Name
Pimmada Home
Location
San Sai Noi, San Sai, Chiang Mai
Number of units
30
Sales Prices
$79.13K - $103.3K
▲ 4% overpriced
Monthly Rentals
$288
Year Built
May 2018
Completion Status
Completed
Project Name
Karnkanok Ville 2
Location
Nong Chom, San Sai, Chiang Mai
Number of units
225
Sales Prices
$77.4K
Monthly Rentals
N/A
Year Built
Jan 2022
Completion Status
Completed
Location
San Sai Noi, San Sai, Chiang Mai
Number of units
103
Sales Prices
$141K
Monthly Rentals
$719
Year Built
May 2014
Completion Status
Completed
Project Name
Regent 2
Location
San Sai Noi, San Sai, Chiang Mai
Number of units
90
Sales Prices
$138.12K - $287.75K
▼ -20% underpriced
Monthly Rentals
$432 - $806
Year Built
Jan 2003
Completion Status
Completed
Location
San Sai Noi, San Sai, Chiang Mai
Number of units
120
Sales Prices
$100.71K - $313.65K
Monthly Rentals
N/A
Year Built
Dec 2012
Completion Status
Completed
Location
San Sai Noi, San Sai, Chiang Mai
Number of units
3
Sales Prices
$171.21K
Monthly Rentals
N/A
Year Built
May 2024
Completion Status
Made To Order
Project Name
Baan Pornping 2
Location
San Sai Noi, San Sai, Chiang Mai
Number of units
19
Sales Prices
$57.26K
Monthly Rentals
N/A
Year Built
N/A
Completion Status
Completed
Project Name
Biz Point 9
Location
San Phranet, San Sai, Chiang Mai
Number of units
36
Sales Prices
$230.2K
▲ 25% overpriced
Monthly Rentals
N/A
Year Built
May 2010
Completion Status
Completed
Location
San Phranet, San Sai, Chiang Mai
Number of units
234
Sales Prices
$14.24K - $22.42K
Monthly Rentals
N/A
Year Built
Jan 1996
Completion Status
Completed
Project Name
Siriporn Villa 7
Location
San Sai Noi, San Sai, Chiang Mai
Number of units
87
Sales Prices
$111.93K - $1.09M
▼ -50% underpriced
Monthly Rentals
$432
Year Built
Feb 2008
Completion Status
Completed
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