Unit ID: U1910502
12% Rental Yield
Nong Khwai, Hang Dong,Chiang Mai
$124,000
5 Bedrooms
4
Bathrooms
2,045 Sqft
Indoor Area
2
Storeys
Mar 2024
Completed

About This House

This property is a 2,045 Sqft house with 5 bedrooms and 4 bathrooms that is available for sale. It is part of the project in Nong Khwai, Chiang Mai and was completed in Mar 2024. You can buy this house for a base price of $124,000 ($60/Sqft).

Beautiful 2-Story Single-Family Home in Hang Dong,Chiang Mai

Details:
  • Size: 67 sq.wa land, 190 sq.m living space
  • Rooms: 5 bedrooms, 4 bathrooms, 2 car parking
  • Highlights:
    • Newly built, ready to move in
    • Great location, near Hang Dong, Kad Farang, international schools
    • Peaceful environment, not crowded
    • Spacious lawn
    • Outside the housing estate, no common fee
    • Full of freebies: curtains, mosquito nets, remote-controlled gate, water pump, water tank, lawn, kitchen counter, free transfer fee
Suitable for:
  • Large families seeking a spacious home with a beautiful garden
  • Those looking for a home in a good location, close to amenities
  • Those who enjoy privacy and a quiet atmosphere
Special Price: Only 4.29 million baht Why choose this house:
  • Ready to move in: Save time on decorating
  • Great location: Convenient transportation, close to amenities
  • Large living space: Spacious and comfortable
  • Full of freebies: More than worth the price
  • Good price: Compared to location and size of the house

Features

Covered ParkingCovered Parking

Basic Information

Date Listed Aug 10, 2024
Updated 2 weeks ago
Property Type House
Storeys 2
Location Nong Khwai, Chiang Mai
Bedrooms 5
Nearest Landmark Hang Dong District Municipal Food Market -2.7 Km
Indoor Area 2,045 Sqft
Price per Sqft $60
Outdoor Area
This is the combined size of the terrace, pool, parking area, and sala. It does not include the size of the garden.
840 Sqft
Plot Size 2,885 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 (Mar 2024)
Furniture
Unfurnished
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.
N/A
Listed By
Private Owner
Electricity Price N/A
Water Price N/A
Unit ID U1910502

Investment Opportunity: Charges & Yield

Sale Price
$124,000
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.
8
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 5 bedroom houses at Chiang Mai View Doi, and the current sales price.
12%

Project Details

Project Name: Chiang Mai View Doi
Developer: N/A
Construction: Completed (Dec 2014)
Units: 20
Project Area: N/A
Nearest Landmark Hang Dong District Municipal Food Market - 2.7 Km
Location: Nong Khwai, Chiang Mai
Chiang Mai View Doi Project Details

Available Units at Chiang Mai View Doi

For Sale 2 For Rent 1
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Frequently Asked Questions

Hang Dong District Municipal Food Market is the nearest Market from Chiang Mai View Doi and it is 2.7 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 Chiang Mai View Doi 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
Nong Khwai

Neighborhood Overview

Location and Neighborhood

Street View

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