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    3 Bedroom House for sale at VIP Home 7
    Ban Pet, Mueang Khon Kaen,Khon Kaen
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    Sale Price
    $68,000
    Request Details

    3 Bedroom House for sale at VIP Home 7
     (Write Review)
    Unit ID: U155138
    5% Rental Yield
    Ban Pet, Mueang Khon Kaen,Khon Kaen
    $68,000
    3 Bedrooms
    1
    Bathroom
    1,292 Sqft
    Indoor Area
    1
    Storeys
    May 2011
    Completed
    10
    Sale Price
    $68,000

    About This House

    This property is a 1,292 Sqft house with 3 bedrooms and 1 bathroom that is available for sale. It is part of the project in Ban Pet, Khon Kaen and was completed in May 2011. You can buy this house for a base price of $68,000 ($53/Sqft).

    Features

    TerraceTerrace Covered ParkingCovered Parking

    Basic Information

    Date Listed Oct 9, 2019
    Updated 4 years ago
    Property Type House
    Storeys 1
    Location Ban Pet, Khon Kaen
    Bedrooms 3
    Nearest Landmark Khon Kaen Airport -3.3 Km
    Indoor Area 1,292 Sqft
    Price per Sqft $53
    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 1,981 Sqft
    Pets Not 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 (May 2011)
    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) Park View, Garden View, Blocked 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.
    $15/mo
    Listed By
    Private Owner
    Electricity Price N/A
    Water Price N/A
    Unit ID U155138

    Investment Opportunity: Charges & Yield

    Sale Price
    $68,000
    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.
    $15/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.
    20
    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 VIP Home 7, and the current sales price.
    5%

    Project Details

    Project Name: VIP Home 7
    Developer: N/A
    Construction: Completed (May 2011)
    Units: 107
    Project Area: N/A
    Nearest Landmark Khon Kaen Airport - 3.3 Km
    Location: Ban Pet, Khon Kaen
    VIP Home 7 Project Details

    Project Features

    24H Security 24H Security
    Car Parking Car Parking

    Available Units at VIP Home 7

    For Sale 2 For Rent 1
    • All
    • 2 Beds
    • 3 Beds
    Get notified when new homes are being added to VIP Home 7
    View All (2)

    Loan Calculator

    Frequently Asked Questions

    All kind of pets are allowed at VIP Home 7 including dogs, cats, rabbits, hamsters, guinea pigs, birds, and reptiles.
    The common area maintenance fee for properties at VIP Home 7 is a fixed amount of $15. This amount has to be paid by owners for the upkeep of the common areas of the project. For new residential developments, it is common to pay up to 1-3 years’ common area maintenance fees in advance upon the transfer of the properties' ownership.
    Khon Kaen Airport is the nearest Airport from VIP Home 7 and it is 3.3 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 VIP Home 7 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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