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    3 Bedroom Townhouse for sale at The Urbana 1
    Tha Sala, Mueang Chiang Mai,Chiang Mai
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    Sale Price
    $144,000
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    3 Bedroom Townhouse for sale at The Urbana 1
    (2 Reviews)
    Unit ID: U165407
    6% Rental Yield
    Tha Sala, Mueang Chiang Mai,Chiang Mai
    $144,000
    3 Bedrooms
    3
    Bathrooms
    1,938 Sqft
    Indoor Area
    3
    Storeys
    Dec 2015
    Completed
    15
    Sale Price
    $144,000

    About This Townhouse

    This property is a 1,938 Sqft townhouse with 3 bedrooms and 3 bathrooms that is available for sale. It is part of the project in Tha Sala, Chiang Mai and was completed in Dec 2015. You can buy this townhouse for a base price of $144,000 ($74/Sqft) and it is also available for long term rentals starting from $736 per month.

    Features

    Pool AccessPool Access TerraceTerrace Covered ParkingCovered Parking DuplexDuplex BalconyBalcony

    Basic Information

    Date Listed Oct 9, 2019
    Updated 4 years ago
    Property Type Townhouse
    Storeys 3
    Location Tha Sala, Chiang Mai
    Bedrooms 3
    Nearest Landmark Chiang Mai Immigration -5.1 Km
    Indoor Area 1,938 Sqft
    Price per Sqft $74
    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 732 Sqft
    Pets Not 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 Chanote
    Construction Completed (Dec 2015)
    Furniture
    Unfurnished
    View(s) 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.
    N/A
    Listed By
    Private Owner
    Electricity Price N/A
    Water Price N/A
    Unit ID U165407

    Investment Opportunity: Charges & Yield

    Sale Price
    $144,000
    Rent
    $736/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 Urbana 1
    Developer: Palm Springs Place Co., Ltd.
    Construction: Completed (Dec 2015)
    Units: 423
    Project Area: N/A
    Nearest Landmark Chiang Mai Immigration - 5.1 Km
    Location: Tha Sala, Chiang Mai
    The Urbana 1 Project Details

    Project Features

    Communal Pool Communal Pool
    Communal Gym Communal Gym
    Clubhouse Clubhouse
    24H Security 24H Security
    CCTV (Video Surveillance) CCTV (Video Surveillance)
    Indoor Kids Zone Indoor Kids Zone
    Car Parking Car Parking

    Available Units at The Urbana 1

    For Sale 12 For Rent 6
    • All
    • 3 Beds
    • 5 Beds
    Get notified when new homes are being added to The Urbana 1
    View All (12)

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    Frequently Asked Questions

    Dogs, cats and small pets like rabbits, hamsters and guinea pigs are allowed at The Urbana 1.
    Chiang Mai Immigration is the nearest Immigration Office from The Urbana 1 and it is 5.1 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 Urbana 1 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

    5 out of 5
    Based on
    2 Reviews
    Maintenance
    Staff / Security
    Facilities on Site
    Quality of Finishing
    Value for Money
    Location
    + Write a review
    corner unit with stunning view
    Verified Visitor, 3 years ago
    Good house maintenance with nice view , convenient location for going commercial and educational facilities
    A single-detached house, perfect for the family!
    Kanchai Downgdee, Thailand, 8 years ago
    I just moved into a new house for this project. The house has 3 bedrooms, 3 bathrooms, is modernly decorated, and meets my lifestyle very well because the house is on the main road. It is easy to get to the nearby amenities, such as Promenada Chiang Mai, Big C, Varee Chiangmai International School, and Bangkok Hospital Chiang Mai. More specially, there is also a swimming pool, fitness center, and garden on the project site for the residents to enjoy it. It is comfortable both inside and outside the project.
    Chiang Mai
    Tha Sala

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