Unit ID: U1708012
5% Rental Yield
Nong Khwai, Hang Dong,Chiang Mai
$221,000
4 Bedrooms
3
Bathrooms
2,713 Sqft
Indoor Area
2
Storeys
9 Months
Made To Order

About This House

This property is a 2,713 Sqft house with 4 bedrooms and 3 bathrooms that is available for sale. It is part of the project in Nong Khwai, Chiang Mai and will be built within 9 months of purchase. You can buy this house for a base price of $221,000 ($82/Sqft).

4BR House w/ Private Pool: Sansaran Mod Chic, Nong Khwai

For sale at Sansaran Mod Chic, Nong Khwai, near Canal Road, is an opulent four-bedroom residence with a private pool, fully furnished, and positioned on a corner plot.  Key details:
  • 252 square metres of living space set over two levels on a 81.7 sq.wah plot
  • Four bedrooms and three bathrooms
  • Master bedroom includes well fitted out dressing area and en-suite bathroom
  • Outstanding living/dining room with sunken seating area, as well as more traditional relaxing space
  • Study
  • Kitchen with built-in oven, dishwasher, fridge freezer, hob, extractor and microwave
  • Utility area
  • Fully furnished and equipped with air-con
  • Private pool
  • Parking for two cars
Development facilities:
  • Security
  • Swimming Pool
  • Gym

Features

Private PoolPrivate Pool Rooftop TerraceRooftop Terrace Private GardenPrivate Garden TerraceTerrace DuplexDuplex BalconyBalcony

Basic Information

Date Listed Dec 26, 2023
Updated 4 months ago
Property Type House (Single Detached)
Storeys 2
Location Nong Khwai, Chiang Mai
Bedrooms 4
Indoor Area 2,713 Sqft
Price per Sqft $82
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 3,531 Sqft
Pets N/A
House Ownership

Foreign nationals can own the building (house) 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 Made To Order (9 Months)
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) Pool 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.
$22/mo
Listed By
Each listing provided by partnered agents is individually verified by AsiaVillas. Partner Agents work for different brokerages or property management companies but have teamed up with AsiaVillas so that we can provide you a wider choice of properties
Agent / Partner
Electricity Price N/A
Water Price N/A
Unit ID U1708012

Investment Opportunity: Charges & Yield

Sale Price
$221,000
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.
$22/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.
19
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 Mod Chic, and the current sales price.
5%

Project Details

Project Name: Mod Chic
Developer: N/A
Construction: Made To Order (9 Months)
Units: 300
Project Area: N/A
Location: Nong Khwai, Chiang Mai
Mod Chic 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
Sauna Sauna

Available Units at Mod Chic

For Sale 1 For Rent 1
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Frequently Asked Questions

The common area maintenance fee is $0 per square meter based on the size of indoor area of the property and is $22 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.
Hang Dong District Municipal Food Market is the nearest Market from Mod Chic and it is 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 Mod Chic 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 Khwai

Neighborhood Overview

Location and Neighborhood

Street View

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