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    3 Bedroom Villa for sale at Siwalee Ratchaphruk Chiangmai
    Mae Hia, Mueang Chiang Mai,Chiang Mai
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    Sale Price
    $230,000
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    3 Bedroom Villa for sale at Siwalee Ratchaphruk Chiangmai
    (1 Review)
    Unit ID: U620276
    6% Rental Yield
    Mae Hia, Mueang Chiang Mai,Chiang Mai
    $230,000
    3 Bedrooms
    3
    Bathrooms
    2,013 Sqft
    Indoor Area
    2
    Storeys
    Jan 2007
    Completed
    15
    Sale Price
    $230,000

    About This Villa

    This property is a 2,013 Sqft villa with 3 bedrooms and 3 bathrooms that is available for sale. It is part of the project in Mae Hia, Chiang Mai and was completed in Jan 2007. You can buy this villa for a base price of $230,000 ($114/Sqft).

    Features

    Private GardenPrivate Garden Covered ParkingCovered Parking Full Western KitchenFull Western Kitchen Washing MachineWashing Machine MicrowaveMicrowave

    Basic Information

    Date Listed Jun 15, 2020
    Updated 3 weeks ago
    Property Type Villa
    Storeys 2
    Location Mae Hia, Chiang Mai
    Bedrooms 3
    Nearest Landmark Chiang Mai International Airport -2.4 Km
    Indoor Area 2,013 Sqft
    Price per Sqft $114
    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 3,660 Sqft
    Pets Not Allowed
    Villa Ownership

    Foreign nationals can own the building (villa) 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 Nor Sor 3
    Construction Completed (Jan 2007)
    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) Unblocked Open 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 U620276

    Investment Opportunity: Charges & Yield

    Sale Price
    $230,000
    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.
    18
    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: Siwalee Ratchaphruk Chiangmai
    Developer: Land and Houses
    Construction: Completed (Jan 2007)
    Units: 236
    Project Area: N/A
    Nearest Landmark Chiang Mai International Airport - 2.4 Km
    Location: Mae Hia, Chiang Mai
    Siwalee Ratchaphruk Chiangmai 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

    Available Units at Siwalee Ratchaphruk Chiangmai

    For Sale 6 For Rent 4
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    • 3 Beds
    • 4 Beds
    Get notified when new homes are being added to Siwalee Ratchaphruk Chiangmai
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    Frequently Asked Questions

    All kind of pets are allowed at Siwalee Ratchaphruk Chiangmai including dogs, cats, rabbits, hamsters, guinea pigs, birds, and reptiles.
    Chiang Mai International Airport is the nearest Airport from Siwalee Ratchaphruk Chiangmai and it is 2.4 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 Siwalee Ratchaphruk Chiangmai 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

    4.3 out of 5
    Based on
    1 Review
    Maintenance
    Staff / Security
    Facilities on Site
    Quality of Finishing
    Value for Money
    Location
    + Write a review
    I’ve made the right choice buying this place
    Chaiya C., Thailand, 8 years ago
    My best friend had to move back to the southern part of Thailand to run his own business, so he tried to sell the house he used to stay in. It’s a 3-bedroom unit with a good condition and spacious usable area, so I decided to buy his home without hesitation. Plus, this place is close to CentralPlaza Chiang Mai Airport, and it’s also only 10 mins away from Chiang Mai International Airport. The common area has a large swimming pool and a fully-equipped fitness center. More importantly, I haven’t found any problems since I stayed here. The neighbors are friendly. I would say that I’ve made the right choice buying this place.
    Chiang Mai
    Mae Hia

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