Unit ID: U1361922
7% Rental Yield
Mae Hia, Mueang Chiang Mai,Chiang Mai
$92,200
3 Bedrooms
2
Bathrooms
1,033 Sqft
Indoor Area
2
Storeys
Jan 2016
Completed

About This Townhouse

This property is a 1,033 Sqft townhouse with 3 bedrooms and 2 bathrooms that is available for sale. It is part of the project in Mae Hia, Chiang Mai and was completed in Jan 2016. You can buy this townhouse for a base price of $92,200 ($89/Sqft).

Features

Private GardenPrivate Garden TerraceTerrace Covered ParkingCovered Parking Corner UnitCorner Unit BalconyBalcony TVTV

Basic Information

Date Listed Apr 12, 2023
Updated 1 year ago
Property Type Townhouse
Storeys 2
Location Mae Hia, Chiang Mai
Bedrooms 3
Nearest Landmark Chiang Mai International Airport -4.5 Km
Indoor Area 1,033 Sqft
Price per Sqft $89
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 775 Sqft
Pets All Kind of Pets Allowed
Townhouse Ownership

Foreign nationals can own the building (townhouse) 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 N/A
Construction Completed (Jan 2016)
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) 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 U1361922

Investment Opportunity: Charges & Yield

Sale Price
$92,200
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.
15
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.
7%

Project Details

Developer: Pruksa Real Estate
Construction: Completed (Jan 2016)
Units: 170
Project Area: N/A
Nearest Landmark Chiang Mai International Airport - 4.5 Km
Location: Mae Hia, Chiang Mai
Pruksa Ville 75 Rajapreuk-MaeHia Project Details

Project Features

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

Available Units at Pruksa Ville 75 Rajapreuk-MaeHia

For Sale 4 For Rent 4
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Frequently Asked Questions

All kind of pets are allowed at Pruksa Ville 75 Rajapreuk-MaeHia including dogs, cats, rabbits, hamsters, guinea pigs, birds, and reptiles.
Chiang Mai International Airport is the nearest Airport from Pruksa Ville 75 Rajapreuk-MaeHia and it is 4.5 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 Pruksa Ville 75 Rajapreuk-MaeHia 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
Mae Hia

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby Pruksa Ville 75 Rajapreuk-MaeHia

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
Location
Mae Hia, Mueang Chiang Mai, Chiang Mai
Number of units
79
Sales Prices
$80.94K - $228.36K
▼ -3% underpriced
Monthly Rentals
$347 - $867
Year Built
Jun 2011
Completion Status
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Location
Mae Hia, Mueang Chiang Mai, Chiang Mai
Number of units
60
Sales Prices
$39.02K - $43.36K
▼ -21% underpriced
Monthly Rentals
$202
Year Built
Jan 2015
Completion Status
Completed
Location
Mae Hia, Mueang Chiang Mai, Chiang Mai
Number of units
236
Sales Prices
$231.25K - $375.79K
▲ 2% overpriced
Monthly Rentals
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Number of units
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Year Built
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Completion Status
Completed
Location
Mae Hia, Mueang Chiang Mai, Chiang Mai
Number of units
69
Sales Prices
$57.81K - $95.39K
▼ -25% underpriced
Monthly Rentals
$231
Year Built
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Completion Status
Completed
Location
Mae Hia, Mueang Chiang Mai, Chiang Mai
Number of units
292
Sales Prices
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Monthly Rentals
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Year Built
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Completion Status
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Project Name
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Location
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Number of units
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Sales Prices
$75.16K - $216.8K
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Monthly Rentals
$434 - $520
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Completion Status
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Location
Mae Hia, Mueang Chiang Mai, Chiang Mai
Number of units
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Sales Prices
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Monthly Rentals
$434 - $636
Year Built
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Completion Status
Completed
Location
Mae Hia, Mueang Chiang Mai, Chiang Mai
Number of units
78
Sales Prices
$867.2K - $1.59M
Monthly Rentals
$6.36K - $6.94K
Year Built
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Completion Status
Completed
Location
Mae Hia, Mueang Chiang Mai, Chiang Mai
Number of units
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Sales Prices
$196.56K - $361.33K
▼ -25% underpriced
Monthly Rentals
$867 - $1.73K
Year Built
Dec 2013
Completion Status
Completed
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