Unit ID: U1934177
10% Rental Yield
Nong Chom, San Sai,Chiang Mai
$417,000
3 Bedrooms
3
Bathrooms
2,153 Sqft
Indoor Area
2
Storeys
Completed

About This Villa

This property is a 2,153 Sqft villa with 3 bedrooms and 3 bathrooms that is available for sale. It is part of the Lake View Park 2 project in Nong Chom, Chiang Mai. You can buy this villa for a base price of $417,000 ($194/Sqft) and it is also available for long term rentals starting from $3,600 per month.

Features

Private PoolPrivate Pool Pool AccessPool Access Rooftop TerraceRooftop Terrace Private GardenPrivate Garden Garden AccessGarden Access TerraceTerrace

Basic Information

Date Listed Sep 16, 2024
Updated 3 days ago
Property Type Villa
Storeys 2
Location Nong Chom, Chiang Mai
Bedrooms 3
Nearest Landmark Lanna Golf Course -4.3 Km
Indoor Area 2,153 Sqft
Price per Sqft $194
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 N/A
Pets N/A
Villa Ownership

Foreign nationals can own the building (villa) 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 N/A
Construction Completed
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) Lake View, Garden 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 U1934177

Investment Opportunity: Charges & Yield

Sale Price
$417,000
Rent
$3,600/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.
10
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.
10%

Project Details

Project Name: Lake View Park 2
Developer: N/A
Construction: Completed (May 2008)
Units: 50
Project Area: N/A
Nearest Landmark Lanna Golf Course - 4.3 Km
Location: Nong Chom, Chiang Mai
Lake View Park 2 Project Details

Project Features

Communal Pool Communal Pool
Clubhouse Clubhouse
24H Security 24H Security

Available Units at Lake View Park 2

For Sale 3 For Rent 1
Get notified when new homes are being added to Lake View Park 2
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Loan Calculator

Frequently Asked Questions

Lanna Golf Course is the nearest Golf from Lake View Park 2 and it is 4.3 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 Lake View Park 2 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
Nong Chom

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby Lake View Park 2

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
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Number of units
257
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▼ -11% underpriced
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Monthly Rentals
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Year Built
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Completion Status
Completed
Project Name
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Location
Nong Chom, San Sai, Chiang Mai
Number of units
46
Sales Prices
$92.91K - $869.12K
Monthly Rentals
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Year Built
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Completion Status
Completed
Project Name
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Location
Nong Chom, San Sai, Chiang Mai
Number of units
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Sales Prices
$55.2K - $86.91K
▼ -36% underpriced
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
$380.01K - $869.12K
▼ -16% underpriced
Monthly Rentals
$1.05K - $3K
Year Built
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Completion Status
Completed
Location
San Phisuea, San Sai, Chiang Mai
Number of units
68
Sales Prices
$128.87K - $179.52K
▼ -44% underpriced
Monthly Rentals
N/A
Year Built
Mar 2011
Completion Status
Completed
Project Name
Chok Varee Home
Location
Nong Chom, San Sai, Chiang Mai
Number of units
70
Sales Prices
$164.83K
Monthly Rentals
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Year Built
Nov 2013
Completion Status
Completed
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