Unit ID: U1382778
8% Rental Yield
Nong Pa Khrang, Mueang Chiang Mai,Chiang Mai
฿1,749,000
1 Bedroom
1
Bathroom
50 SqM
Size
5
Floor
May 2015
Completed

About This Condo

This property is a 50 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the project in Nong Pa Khrang, Chiang Mai and was completed in May 2015. You can buy this condo for a base price of ฿1,749,000 (฿34,980/SqM).

This fully furnished one-bedroom condo is up for sale at Hillside Payap Condominium 8, situated in the Chiang Mai Business Park near Payap University. It's ready for immediate occupancy. The property details: 50.77 sq.m of livable space on the 5th floor. There are one bedroom, one bathroom, open-plan living, dining, and kitchen area with ample storage Kitchen is equipped with a fridge, hob, extractor, and microwave Air-conditioning installed in the living area and bedroom. Hillside Payap Condominium 8 is an older condominium development located in the well-planned and modern Chiang Mai Business Park at Nong Pa Khrang. It's conveniently located near Payap University and just a short drive away from Chiang Mai city center. The development offers easy access to all the amenities and conveniences of the city.  

Features

MicrowaveMicrowave TVTV

Basic Information

Date Listed Mar 9, 2023
Updated 1 year ago
Property Type Condo
Floor 5
Bedroom 1
Size 50 SqM
Price per SqM ฿34,980
Pets Not Allowed
Condo Ownership

Foreign nationals can own condominium units as freehold owners in buildings where no more than 49% of the unit floor space is owned by foreigners. Units that are part of the Thai quota or are being leased for 30 years can be converted to the foreign freehold quota if it is currently below 49%.

Foreign Quota
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) City View
Unit Type N/A
Building 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
Broker Network
Electricity Price N/A
Water Price N/A
Unit ID U1382778

Investment Opportunity: Charges & Yield

Sale Price
฿1,749,000
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.
13
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 1 bedroom condos at Hillside Payap Condominium 8, and the current sales price.
8%

Project Details

Developer: N/A
Construction: Completed (May 2015)
Floors: 8
Buildings: N/A
Units: 78
Project Area: N/A
Nearest Landmark Bangkok Hospital Chiang Mai - 0.8 Km
Location: Nong Pa Khrang, Chiang Mai
Hillside Payap Condominium 8 Project Details

Project Features

24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Car Parking Car Parking

Available Units at Hillside Payap Condominium 8

For Sale 3 For Rent 2
Get notified when new homes are being added to Hillside Payap Condominium 8
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Frequently Asked Questions

No pets are allowed at Hillside Payap Condominium 8 unless specifically permitted by the juristic office. Exceptions can be made for service or guide dogs for persons with disabilities.
Bangkok Hospital Chiang Mai is the nearest Hospital from Hillside Payap Condominium 8 and it is 0.8 km away.

Foreigners can own a condominium Freehold in their own name. Condominium ownership is best explained by looking at an example of a project that has 100 units for sale.

In this example, 49 of the total units in this building (or 49% of the total salable area) can be owned outright by non-thai nationals in their name.  The ownership titles of these 49 units is referred to as Freehold or Foreign Quota. 

This leaves 51 units remaining in the building (or 51% of the total salable). The freehold rights to these units are reserved for Thai nationals in what is commonly referred to as the Thai quota.

 

Read more here

After you have found the right property at Hillside Payap Condominium 8 you have to follow these steps:

  • - Agreement of terms and conditions
  • - Reservation Agreement
  • - Reservation Deposit
  • - Sales and Purchase Agreement
  • - Settlement & Transfer

 


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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Nong Pa Khrang

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby Hillside Payap Condominium 8

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
Nong Pa Khrang, Mueang Chiang Mai, Chiang Mai
Number of units
79
Sales Prices
฿1.23M - ฿1.99M
Monthly Rentals
N/A
Year Built
Aug 2007
Completion Status
Completed
Location
Nong Pa Khrang, Mueang Chiang Mai, Chiang Mai
Number of units
79
Sales Prices
฿1.6M - ฿5.3M
▼ -30% underpriced
Monthly Rentals
฿25K
Year Built
May 2008
Completion Status
Completed
Project Name
Anasiri Payap
Location
Nong Pa Khrang, Mueang Chiang Mai, Chiang Mai
Number of units
101
Sales Prices
฿11M - ฿18M
Monthly Rentals
฿55K
Year Built
Dec 2015
Completion Status
Completed
Project Name
My Hip Condo
Location
Nong Pa Khrang, Mueang Chiang Mai, Chiang Mai
Number of units
328
Sales Prices
฿2M - ฿7.34M
▼ -12.6% underpriced
Monthly Rentals
฿10K - ฿42K
Year Built
Nov 2014
Completion Status
Completed
Location
Nong Pa Khrang, Mueang Chiang Mai, Chiang Mai
Number of units
82
Sales Prices
฿7.4M
▼ -10% underpriced
Monthly Rentals
N/A
Year Built
Jan 2012
Completion Status
Completed
Location
Nong Pa Khrang, Mueang Chiang Mai, Chiang Mai
Number of units
32
Sales Prices
฿1.4M - ฿2.91M
Monthly Rentals
N/A
Year Built
Nov 2017
Completion Status
Completed
Location
Nong Pa Khrang, Mueang Chiang Mai, Chiang Mai
Number of units
152
Sales Prices
฿2.47M - ฿11.9M
▼ -10.3% underpriced
Monthly Rentals
฿9K
Year Built
Dec 2017
Completion Status
Completed
Location
Nong Pa Khrang, Mueang Chiang Mai, Chiang Mai
Number of units
152
Sales Prices
฿1.75M - ฿4.3M
▼ -14.6% underpriced
Monthly Rentals
฿8.5K - ฿12K
Year Built
Nov 2015
Completion Status
Completed
Location
Nong Pa Khrang, Mueang Chiang Mai, Chiang Mai
Number of units
N/A
Sales Prices
฿1M - ฿8.99M
Monthly Rentals
N/A
Year Built
Jan 2014
Completion Status
Completed
Project Name
The Treasure
Location
Nong Pa Khrang, Mueang Chiang Mai, Chiang Mai
Number of units
497
Sales Prices
฿2.15M - ฿4.88M
▲ 10.3% overpriced
Monthly Rentals
฿12K - ฿23K
Year Built
Dec 2017
Completion Status
Completed
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