Unit ID: U1900658
6% Rental Yield
Tenant-Occupied until May 1, 2025
Tha Sala, Mueang Chiang Mai,Chiang Mai
$178,000
4 Bedrooms
3
Bathrooms
2,325 Sqft
Indoor Area
2
Storeys
Jan 2019
Completed

About This House

This property is a 2,325 Sqft house with 4 bedrooms and 3 bathrooms that is available for sale. It is part of the project in Tha Sala, Chiang Mai and was completed in Jan 2019. You can buy this house for a base price of $178,000 ($77/Sqft) and it is also available for long term rentals starting from $863 per month.

4 bedrooms House for Sale in City Chiang Mai

4 bedrooms, 3 bathrooms, 5 air conditioners, 3 water heaters and 1 kitchen. Public park, Swimming pool, Fitness center, 24-hour security, CCTV in the village. The Best Location with Convenient Transportation
  • 3 km from Bangkok Hospital
  • 5 km from Unity International School and another school
  • 6 km from Central Festival (Shopping Mall)
  •  

Features

Private GardenPrivate Garden TerraceTerrace Covered ParkingCovered Parking BalconyBalcony Full Western KitchenFull Western Kitchen OvenOven TVTV

Basic Information

Date Listed Jul 25, 2024
Updated 2 months ago
Property Type House (Single Detached)
Storeys 2
Location Tha Sala, Chiang Mai
Bedrooms 4
Nearest Landmark Bangkok Hospital Chiang Mai -1.1 Km
Indoor Area 2,325 Sqft
Price per Sqft $77
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 2,153 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 Chanote
Construction Completed (Jan 2019)
Furniture
Specific items of furniture can be requested in the sale, or buyers can offer to purchase some or all of it. When negotiating a deal, either party can suggest that such items be included in the sale price.
Negotiable
View(s) City 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.
$863/mo
Listed By
Private Owner
Electricity Price N/A
Water Price N/A
Unit ID U1900658

Investment Opportunity: Charges & Yield

Sale Price
$178,000
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.
$863/mo
Rent
$863/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.
17
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.
6%

Project Details

Project Name: The Greenery Loft
Developer: N/A
Construction: Completed (Jan 2013)
Units: 92
Project Area: N/A
Nearest Landmark Bangkok Hospital Chiang Mai - 1.1 Km
Location: Tha Sala, Chiang Mai
The Greenery Loft 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

Available Units at The Greenery Loft

For Sale 3 For Rent 3
Get notified when new homes are being added to The Greenery Loft
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Frequently Asked Questions

All kind of pets are allowed at The Greenery Loft including dogs, cats, rabbits, hamsters, guinea pigs, birds, and reptiles.
Bangkok Hospital Chiang Mai is the nearest Hospital from The Greenery Loft and it is 1.1 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 The Greenery Loft 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
Tha Sala

Neighborhood Overview

Location and Neighborhood

Street View

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