Unit ID: U1902116
5% Rental Yield
Nong Pa Khrang, Mueang Chiang Mai,Chiang Mai
$421,000
4 Bedrooms
3
Bathrooms
1,679 Sqft
Indoor Area
2
Storeys
Dec 2015
Completed

About This House

This property is a 1,679 Sqft house with 4 bedrooms and 3 bathrooms that is available for sale. It is part of the project in Nong Pa Khrang, Chiang Mai and was completed in Dec 2015. You can buy this house for a base price of $421,000 ($251/Sqft).

Features

Private GardenPrivate Garden TerraceTerrace Covered ParkingCovered Parking Corner UnitCorner Unit BalconyBalcony

Basic Information

Date Listed Jul 25, 2024
Updated 3 months ago
Property Type House
Storeys 2
Location Nong Pa Khrang, Chiang Mai
Bedrooms 4
Nearest Landmark Chiang Mai Railway Station -1.4 Km
Indoor Area 1,679 Sqft
Price per Sqft $251
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 2,243 Sqft
Pets All Kind of Pets Allowed
House Ownership

Foreign nationals can own the building (house) in their own name, but not the land that it stands on.

Foreign Ownership, Thai Ownership, Company
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, Company
Land Title Deed N/A
Construction Completed (Dec 2015)
Furniture
Built-ins are any items that do not leave the property but remain a part of the permanent structure of a home. This includes any type of permanent appliances, cabinetry, furniture that’s built into the home, such as shelving or benches, and other attached items.
Built In
View(s) Garden View
Unit Type Dale
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.
$301/mo
Listed By
Developer
Electricity Price Government Rate
Water Price Government Rate
Unit ID U1902116

Investment Opportunity: Charges & Yield

Sale Price
$421,000
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.
$301/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.
22
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 4 bedroom houses at Anasiri Payap, and the current sales price.
5%

Project Details

Project Name: Anasiri Payap
Developer: Sansiri
Construction: Completed (Dec 2015)
Units: 101
Project Area: 361,108 Sqft
Nearest Landmark Chiang Mai Railway Station - 1.4 Km
Location: Nong Pa Khrang, Chiang Mai
Anasiri Payap Project Details

Project Features

Communal Pool Communal Pool
Communal Gym Communal Gym
Clubhouse Clubhouse
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Car Parking Car Parking
Co-Working Space / Meeting Room Co-Working Space / Meeting Room
Kids Pool Kids Pool
Communal Garden Area Communal Garden Area

Available Units at Anasiri Payap

For Sale 10 For Rent 1
Get notified when new homes are being added to Anasiri Payap
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Loan Calculator

Payment Plan

Installment Milestone Payment
Reservation Deposit
Immediately
$5,780
1st Installment
Upon contract signing
30%
2nd Installment
On handover
70%

Frequently Asked Questions

All kind of pets are allowed at Anasiri Payap including dogs, cats, rabbits, hamsters, guinea pigs, birds, and reptiles.
The common area maintenance fee is $1 per square meter based on the plot size of the property and is $301 for this house. This fee 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.
Chiang Mai Railway Station is the nearest Railway Station from Anasiri Payap and it is 1.4 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 Anasiri Payap you have to follow these steps:

  • - Agreement of terms and conditions
  • - Reservation Agreement
  • - Reservation Deposit
  • - Sales and Purchase Agreement
  • - Settlement & Transfer
Installment Milestone Payment
Reservation Deposit
Immediately
$5,780
1st Installment
Upon contract signing
30%
2nd Installment
On handover
70%


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 Pa Khrang

Neighborhood Overview

Location and Neighborhood

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