Unit ID: U1899608
5% Rental Yield
San Na Meng, San Sai,Chiang Mai
$107,000
4 Bedrooms
3
Bathrooms
2,153 Sqft
Indoor Area
2
Storeys
Completed

About This House

This property is a 2,153 Sqft house with 4 bedrooms and 3 bathrooms that is available for sale. It is part of the project in San Na Meng, Chiang Mai. You can buy this house for a base price of $107,000 ($50/Sqft).

Features

Covered ParkingCovered Parking Corner UnitCorner Unit BalconyBalcony

Basic Information

Date Listed Jul 22, 2024
Updated 3 months ago
Property Type House
Storeys 2
Location San Na Meng, Chiang Mai
Bedrooms 4
Nearest Landmark Central Chiangmai -5.5 Km
Indoor Area 2,153 Sqft
Price per Sqft $50
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 4,693 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.

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 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) Unblocked Open 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 U1899608

Investment Opportunity: Charges & Yield

Sale Price
$107,000
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.
21
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 Siriporn Garden Home 9, and the current sales price.
5%

Project Details

Project Name: Siriporn Garden Home 9
Developer: N/A
Construction: Completed (Dec 2010)
Units: 700
Project Area: N/A
Nearest Landmark Central Chiangmai - 5.5 Km
Location: San Na Meng, Chiang Mai
Siriporn Garden Home 9 Project Details

Project Features

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

Available Units at Siriporn Garden Home 9

For Sale 2 For Rent 1
Get notified when new homes are being added to Siriporn Garden Home 9
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Frequently Asked Questions

Central Chiangmai is the nearest Shopping Mall from Siriporn Garden Home 9 and it is 5.5 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 Siriporn Garden Home 9 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
San Na Meng

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby Siriporn Garden Home 9

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
San Na Meng, San Sai, Chiang Mai
Number of units
217
Sales Prices
$24.15K
Monthly Rentals
N/A
Year Built
Dec 2019
Completion Status
Completed
Location
San Na Meng, San Sai, Chiang Mai
Number of units
345
Sales Prices
$103.47K - $153.72K
Monthly Rentals
$650 - $739
Year Built
Jul 2014
Completion Status
Completed
Project Name
The Palm Garden 6
Location
San Na Meng, San Sai, Chiang Mai
Number of units
153
Sales Prices
$76.86K
Monthly Rentals
N/A
Year Built
Jan 2019
Completion Status
Completed
Project Name
Modern Townhome
Location
San Na Meng, San Sai, Chiang Mai
Number of units
6
Sales Prices
$221.72K
Monthly Rentals
N/A
Year Built
Aug 2018
Completion Status
Completed
Location
San Na Meng, San Sai, Chiang Mai
Number of units
245
Sales Prices
$109.38K
▼ -44% underpriced
Monthly Rentals
$532
Year Built
Jan 2016
Completion Status
Completed
Location
San Na Meng, San Sai, Chiang Mai
Number of units
246
Sales Prices
$150.47K - $227.33K
Monthly Rentals
$680
Year Built
Jan 2020
Completion Status
Completed
Location
San Na Meng, San Sai, Chiang Mai
Number of units
4
Sales Prices
$103.17K - $106.13K
Monthly Rentals
N/A
Year Built
May 2024
Completion Status
Completed
Project Name
The Grand Village
Location
San Na Meng, San Sai, Chiang Mai
Number of units
126
Sales Prices
$162.59K
Monthly Rentals
N/A
Year Built
Nov 2014
Completion Status
Completed
Location
San Na Meng, San Sai, Chiang Mai
Number of units
122
Sales Prices
$283.8K - $508.47K
Monthly Rentals
N/A
Year Built
May 2022
Completion Status
Completed
Project Name
99 Avenue
Location
San Na Meng, San Sai, Chiang Mai
Number of units
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Sales Prices
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Monthly Rentals
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Year Built
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Completion Status
Completed
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