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    4 Bedroom House for sale at Ornsirin 5
    Yang Noeng, Saraphi,Chiang Mai
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    Sale Price
    $132,000
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    4 Bedroom House for sale at Ornsirin 5
    (1 Review)
    Unit ID: U1889028
    8% Rental Yield
    Yang Noeng, Saraphi,Chiang Mai
    $132,000
    4 Bedrooms
    3
    Bathrooms
    2,411 Sqft
    Indoor Area
    2
    Storeys
    Completed
    18
    Sale Price
    $132,000

    About This House

    This property is a 2,411 Sqft house with 4 bedrooms and 3 bathrooms that is available for sale. It is part of the project in Yang Noeng, Chiang Mai. You can buy this house for a base price of $132,000 ($55/Sqft) and it is also available for long term rentals starting from $879 per month.

    Features

    Covered ParkingCovered Parking BalconyBalcony OvenOven

    Basic Information

    Date Listed Jul 3, 2024
    Updated 5 months ago
    Property Type House
    Storeys 2
    Location Yang Noeng, Chiang Mai
    Bedrooms 4
    Nearest Landmark Chiang Mai Immigration -5.3 Km
    Indoor Area 2,411 Sqft
    Price per Sqft $55
    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 2,411 Sqft
    Pets Cats and Dogs (small only)
    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
    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 N/A
    Construction Completed
    Furniture
    Partly furnished means the property contains the basics i.e. beds, sofa, table and chairs, wardrobes but no electronic appliances, utensils and glassware in the kitchen.
    Partly Furnished
    View(s) N/A
    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 U1889028

    Investment Opportunity: Charges & Yield

    Sale Price
    $132,000
    Rent
    $879/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.
    13
    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.
    8%

    Project Details

    Project Name: Ornsirin 5
    Developer: N/A
    Construction: Completed (Feb 2014)
    Units: 48
    Project Area: N/A
    Nearest Landmark Chiang Mai Immigration - 5.3 Km
    Location: Yang Noeng, Chiang Mai
    Ornsirin 5 Project Details

    Project Features

    Communal Pool Communal Pool
    Communal Gym Communal Gym
    Clubhouse Clubhouse
    24H Security 24H Security
    CCTV (Video Surveillance) CCTV (Video Surveillance)

    Available Units at Ornsirin 5

    For Sale 2 For Rent 3
    • All
    • 3 Beds
    • 4 Beds
    Get notified when new homes are being added to Ornsirin 5
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    Frequently Asked Questions

    Chiang Mai Immigration is the nearest Immigration Office from Ornsirin 5 and it is 5.3 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 Ornsirin 5 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
    Home with everything you need
    Jake G., United States, 6 years ago
    I have been renting this house for several months and haven't encountered any problems. The project is in an excellent location. The house has a beautiful interior design. It's a livable house with quality home important functions, whether kitchen appliances, bathrooms or furniture, all are good! The common area has many excellent facilities, such as a good security system, CCTV, a modern pool, gym, and garden. In addition, it's not far from the city and just a few minutes away from the shopping mall. So it's pretty comfortable.
    Chiang Mai
    Yang Noeng

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