Unit ID: U76107
4% Rental Yield
Mae Hia, Mueang Chiang Mai,Chiang Mai
$452,000 $524,000
4 Bedrooms
4
Bathrooms
3,229 Sqft
Indoor Area
2
Storeys
Feb 2014
Completed

About This House

This property is a 3,229 Sqft house with 4 bedrooms and 4 bathrooms that is available for sale. It is part of the project in Mae Hia, Chiang Mai and was completed in Feb 2014. You can buy this house for a base price of $452,000 ($140/Sqft).

Features

Private GardenPrivate Garden Covered ParkingCovered Parking Maids QuartersMaids Quarters BalconyBalcony Outdoor SalaOutdoor Sala

Basic Information

Date Listed Jun 7, 2018
Updated 1 month ago
Property Type House
Storeys 2
Location Mae Hia, Chiang Mai
Bedrooms 4
Nearest Landmark Chiang Mai International Airport -5.1 Km
Indoor Area 3,229 Sqft
Price per Sqft $140
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 5,554 Sqft
Pets Not 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 N/A
Construction Completed (Feb 2014)
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) 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.
N/A
Listed By
Private Owner
Electricity Price N/A
Water Price N/A
Unit ID U76107

Investment Opportunity: Charges & Yield

Sale Price
$452,000
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.
25
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 Siwalee Lakeview, and the current sales price.
4%

Project Details

Project Name: Siwalee Lakeview
Developer: Land and Houses
Construction: Completed (Feb 2014)
Units: 179
Project Area: N/A
Nearest Landmark Chiang Mai International Airport - 5.1 Km
Location: Mae Hia, Chiang Mai
Siwalee Lakeview 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
Car Parking Car Parking
Steam Room Steam Room
Sauna Sauna
Tennis Court Tennis Court

Available Units at Siwalee Lakeview

For Sale 7 For Rent 5
Get notified when new homes are being added to Siwalee Lakeview
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Frequently Asked Questions

All kind of pets are allowed at Siwalee Lakeview including dogs, cats, rabbits, hamsters, guinea pigs, birds, and reptiles.
Chiang Mai International Airport is the nearest Airport from Siwalee Lakeview and it is 5.1 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 Lakeview 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
5 Reviews
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
The village is surrounded by mountains and lakes.
Khun Kan, Thailand, 4 years ago
I think the houses here are quite expensive. The selling is focusing on the stunning views. The atmosphere in the village is surrounded by mountains and lakes. There is also an area for family activities. Overall, I think the area is clean. However, the project facilities are too small. The playground was not enough for the number of children in the village. The house structure is considered strong and selected to use high-quality materials. The project is located in the Hang Dong area, which is not far from Chiang Mai city on the way to Chom Thong District and near many tourist attractions. There are many luxury restaurants in front of the village, several markets, and near the airport.
Single-family home, close to nature
Joie Medlin, France, 5 years ago
I am very impressed to choose the house for my family living comfortably amid natural lakes and mountains. The project atmosphere is pleasant, perfectly blended with nature. Every morning, you will listen to the birds singing and the breezy blows into the house that you can commune with real happiness. In the house, the living areas are sufficient and match the price. The security system is also strict, providing a high-privacy. What makes me impressed will be the lovely and friendly neighbors!!
The quality of this house is on the top!
Mongkhul Wong, Thailand, 5 years ago
A dream house to nature and privacy lovers. The village is surrounded by gardens and a large lake which is very nice! The house is so stylish and fully furnished. Easy for moving in. There is a private swimming pool in the house, not that big but practical enough. Overall, it's okay. The project can be slightly pricey compared to other projects, but its quality is on the top!
A good house in Land & House project
Patthorn W., Thailand, 5 years ago
It is a community gated village, the most interesting in Chiang Mai with beautiful lake and mountain views. The atmosphere is private and tranquil. There is also a wide road, and cars are not crowded. Therefore, skaters or bike riders can enjoy their activities together. It also has a large swimming pool, 3 tennis courts, and many other facilities. Moreover, the project is located in a great location, not far from Route 3029. So, it is easily accessible and also close to the fresh food market.
The best beautiful village in Chiang Mai
Joungbae Park, South Korea, 5 years ago
The most beautiful village in Chiang Mai with the best atmosphere, next to the lake, shady and cool. More importantly, the view is incredible in the evening. Inside the project, there is a wide road, and the house has a high standard and modern design. There is a yard around the house for pets. The common area includes a large swimming pool, a tennis court, and other activities provided to the residents. Located in an excellent location, close to Chiang Mai Airport, only 8 kilometers away.
Chiang Mai
Mae Hia

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby Siwalee Lakeview

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
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
98
Sales Prices
$696.4K - $1.11M
Monthly Rentals
N/A
Year Built
May 2010
Completion Status
Completed
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
69
Sales Prices
$107.96K - $113.35K
Monthly Rentals
N/A
Year Built
N/A
Completion Status
Completed
Location
Mae Hia, Mueang Chiang Mai, Chiang Mai
Number of units
78
Sales Prices
$874.14K - $1.6M
Monthly Rentals
$6.41K - $6.99K
Year Built
Dec 2021
Completion Status
Completed
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
69
Sales Prices
$72.85K - $113.64K
Monthly Rentals
$364 - $437
Year Built
Dec 2014
Completion Status
Completed
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
69
Sales Prices
$64.1K - $67.02K
▼ -37% underpriced
Monthly Rentals
$524
Year Built
Jan 2014
Completion Status
Completed
Location
Mae Hia, Mueang Chiang Mai, Chiang Mai
Number of units
292
Sales Prices
$50.99K
Monthly Rentals
N/A
Year Built
N/A
Completion Status
Completed
Project Name
N8 Serene Lake
Location
Mae Hia, Mueang Chiang Mai, Chiang Mai
Number of units
69
Sales Prices
$75.76K - $218.54K
▼ -4.4% underpriced
Monthly Rentals
$437 - $524
Year Built
Dec 2013
Completion Status
Completed
Location
Mae Hia, Mueang Chiang Mai, Chiang Mai
Number of units
294
Sales Prices
$139.86K - $189.4K
▼ -21% underpriced
Monthly Rentals
$583 - $874
Year Built
Jan 2010
Completion Status
Completed
Location
Mae Hia, Mueang Chiang Mai, Chiang Mai
Number of units
236
Sales Prices
$233.1K - $378.79K
▲ 2% overpriced
Monthly Rentals
$1.02K - $1.43K
Year Built
Jan 2007
Completion Status
Completed
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
20
Sales Prices
$113.64K - $1.22M
▼ -38% underpriced
Monthly Rentals
$816 - $1.17K
Year Built
Dec 2012
Completion Status
Completed
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