Unit ID: U637636
5% Rental Yield
San Phranet, San Sai,Chiang Mai
$170,000 Great Price
4 Bedrooms
3
Bathrooms
2,336 Sqft
Indoor Area
12 Months
Made To Order

About This House

This property is a 2,336 Sqft house with 4 bedrooms and 3 bathrooms that is available for sale. It is part of the project in San Phranet, Chiang Mai and will be built within 12 months of purchase. You can buy this house for a base price of $170,000 ($73/Sqft).

Basic Information

Date Listed Oct 27, 2020
Updated N/A
Property Type House
Storeys N/A
Location San Phranet, Chiang Mai
Bedrooms 4
Nearest Landmark Chiang Mai Bus Terminal 2 Arcade -4.2 Km
Indoor Area 2,336 Sqft
Price per Sqft $73
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 N/A
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.

N/A
Land Title Deed N/A
Construction Made To Order (12 Months)
Furniture
N/A
View(s) N/A
Unit Type C
Parking Spots N/A
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
Developer
Electricity Price N/A
Water Price N/A
Unit ID U637636

Investment Opportunity: Charges & Yield

Sale Price
$170,000
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.
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 The Grand Park, and the current sales price.
5%

Project Details

Project Name: The Grand Park
Developer: Siam Real Estate
Construction: Made To Order (12 Months)
Units: 146
Project Area: N/A
Nearest Landmark Chiang Mai Bus Terminal 2 Arcade - 4.2 Km
Location: San Phranet, Chiang Mai
The Grand Park Project Details

Project Features

Hotel Managed Hotel Managed
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
Sauna Sauna

Available Units at The Grand Park

For Sale 11 For Rent 1
Get notified when new homes are being added to The Grand Park
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Frequently Asked Questions

The common area maintenance fee is $0 per square meter based on the plot size of the property and is 0 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 Bus Terminal 2 Arcade is the nearest Bus Terminal from The Grand Park and it is 4.2 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

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

After you have found the right property at The Grand Park you have to follow these steps:

 

  • - Unit selection and agreement of terms and conditions
  • - Reservation Agreement
  • - Reservation Deposit
  • - Sales and Purchase Agreement
  • - 1st Contract Payment
  • - Payment Installments
  • - Snag List
  • - Transfer

Read more here

 

Reviews

4.3 out of 5
Based on
7 Reviews
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
The perfect detached house
Francisca Bergfeld, Germany, 4 years ago
I am waiting for the house to be finished because it's a built-to-order single-detached house, which buyers like us can be confident that they will get a new house. It took about a year for the construction. I chose the type B house with 3 bedrooms and 3 bathrooms, which was very suitable for our family because I was expecting a second child, I had to find a new home for my baby. I decided to choose this place because I am confident in the developer company and I like the design of the house. Besides, the materials used by the project are up to standard. There is also a well-established system such as a termite control system and construction to support earthquakes. Also, the house's plan is still well proportioned, so it looks spacious and tidy. It also had a parking space for 2 cars. The project also has many facilities, including a swimming pool, fitness center, sauna, park, and playground with an excellent security system. More importantly, this village is not far from Chiang Mai town and other important places such as Chiang Mai Airport, Central Festival, and Bangkok Hospital Chiang Mai too. If you get there by car, it takes less than 20 minutes to reach the destination.
A dream house !
Kantapat M., Thailand, 4 years ago
A 2-story detached house with 4-bedrooms. It's the dream house that I wanna live in with my family. The atmosphere is suitable for relaxation. The project is located in the most convenient location on the main road, with easy access to the city. Inside the village, there are complete facilities such as a swimming pool, restaurant, clubhouse, and playground available. It's a modern house with a full-function space. They used quality materials for the residents.
New projects near the city
Prudence Dombrowski, Canada, 4 years ago
The Grand Park is a single house I chose to buy to stay with my kid. It is close to Chiang Mai Town and accessible whether to travel by a private car. It takes only 10-15 minutes. My kid studies in Chiang Mai city; thus, it is easy and convenient to travel. I selected 3 bedrooms and 3 bathrooms because we stay only two people. I chose the smallest house. One more room I renovated into a working and reading room with my kid. The interior is also spacious, and the yard is decorated as a small garden, making the house looks cozy and comfortable. Moreover, I regularly use the service from the common area, including swimming pools, gyms, and gardens. More importantly, the project area is quiet and harmonized with nature. It's very relaxing.
A large village provides a good security system.
Anuwat K., Thailand, 5 years ago
My wife chose the house here, and I love it because it is spacious and safe. The village has a clubhouse and a park, which is crowded in the evening. The atmosphere is good and not far from the city as well. It is also easy to travel next to the main road. At the project entrance, there is a 24-hour security guard. The house has been designed in a quite warm and luxurious sense. Although it is expensive, it is worth the money !!
The project looks so inviting and livable
Jamika Zaldivar, Canada, 5 years ago
I've viewed the sample house. The project looks so inviting and livable. The rooms range from 3-5 bedrooms. The living area is airy because of good airflow. You can also use the project's facilities such as a garden, gym, sauna, swimming pool, clubhouse, and restaurants. I think it's quite complete. It's near the Mae Kuang Intersection, making it easy to travel.
Beautiful house in modern design
Orathai S., Thailand, 5 years ago
It is an ideal home, which is comfortable. I trust the project owner is very attentive. During the project's preview, I was impressed with the project facilities that are good for life, such as a fitness center, a swimming pool, and a luxury clubhouse. Besides, the staff is very friendly and helpful. The whole house is clean and spacious. Overall, it is very satisfying. Perfect for peace lovers, great location, and excellent service. Importantly, the project owner is friendly. The project location is close to Tiger Kingdom, Muang Mai Market, and many other tourist attractions.
Great project in perfect location
Cedrik Lupin, Belgium, 5 years ago
I have lived here with my family for over a year now. Overall, it’s impressive as it’s exactly what I expected. My house has 3 bedrooms with a perfect size. The house is surrounded by a garden, making the atmosphere so pleasant. There are complete facilities within the village, such as a swimming pool, restaurant, clubhouse, and playground. It’s always crowded in the evening. Besides, it’s effortless to travel because this place is connected to the main road. Getting to town by private car takes less than 15 minutes, which is very convenient.
Chiang Mai
San Phranet

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby The Grand Park

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 Phranet, San Sai, Chiang Mai
Number of units
26
Sales Prices
$173.86K - $368.96K
Monthly Rentals
N/A
Year Built
N/A
Completion Status
Made To Order
Project Name
Biz Point 9
Location
San Phranet, San Sai, Chiang Mai
Number of units
36
Sales Prices
$233.72K
▲ 25% overpriced
Monthly Rentals
N/A
Year Built
May 2010
Completion Status
Completed
Location
San Phranet, San Sai, Chiang Mai
Number of units
234
Sales Prices
$14.46K - $22.76K
Monthly Rentals
N/A
Year Built
Jan 1996
Completion Status
Completed
Location
San Sai Noi, San Sai, Chiang Mai
Number of units
3
Sales Prices
$173.83K
Monthly Rentals
N/A
Year Built
May 2024
Completion Status
Made To Order
Project Name
Rinku Town
Location
San Pu Loei, San Sai, Chiang Mai
Number of units
55
Sales Prices
$69.82K - $104.88K
Monthly Rentals
N/A
Year Built
N/A
Completion Status
Made To Order
Project Name
Siriporn Villa 7
Location
San Sai Noi, San Sai, Chiang Mai
Number of units
87
Sales Prices
$113.64K - $1.11M
▼ -50% underpriced
Monthly Rentals
$438
Year Built
Feb 2008
Completion Status
Completed
Location
San Phranet, San Sai, Chiang Mai
Number of units
45
Sales Prices
$87.35K - $90.27K
Monthly Rentals
N/A
Year Built
Nov 2024
Completion Status
Completed
Location
San Phranet, San Sai, Chiang Mai
Number of units
13
Sales Prices
$128.25K - $189.6K
Monthly Rentals
N/A
Year Built
Nov 2024
Completion Status
Completed
Location
San Phranet, San Sai, Chiang Mai
Number of units
18
Sales Prices
$125.33K - $204.21K
Monthly Rentals
N/A
Year Built
Nov 2024
Completion Status
Completed
Project Name
Monotown Mini
Location
San Phranet, San Sai, Chiang Mai
Number of units
45
Sales Prices
$87.35K - $90.27K
Monthly Rentals
N/A
Year Built
Nov 2024
Completion Status
Completed
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