Unit ID: U1840142
6% Rental Yield
Mae Hia, Mueang Chiang Mai,Chiang Mai
฿2,650,000
1 Bedroom
1
Bathroom
35 SqM
Size
2
Floor
Jan 2013
Completed

About This Condo

This property is a 35 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the project in Mae Hia, Chiang Mai and was completed in Jan 2013. You can buy this condo for a base price of ฿2,650,000 (฿75,714/SqM) and it is also available for long term rentals starting from ฿12,500 per month.

Condo for sale

free transfer feecommon fee THB45/sq.m.

Features

Private LiftPrivate Lift Covered ParkingCovered Parking BalconyBalcony Full Western KitchenFull Western Kitchen MicrowaveMicrowave TVTV Cable TVCable TV

Basic Information

Date Listed May 17, 2024
Updated 6 months ago
Property Type Condo
Floor 2
Bedroom 1
Size 35 SqM
Price per SqM ฿75,714
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, Thai Quota, Leasehold, Company
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) Mountain 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.
฿3,000/mo
Listed By
Private Owner
Electricity Price N/A
Water Price N/A
Unit ID U1840142

Investment Opportunity: Charges & Yield

Sale Price
฿2,650,000
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.
฿3,000/mo
Rent
฿12,500/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.
18
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: Serene Lake North 1
Developer: Land and Houses
Construction: Completed (Jan 2013)
Floors: 7
Buildings: N/A
Units: 69
Project Area: N/A
Nearest Landmark Chiang Mai International Airport - 2.5 Km
Location: Mae Hia, Chiang Mai
Serene Lake North 1 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
Sauna Sauna
Tennis Court Tennis Court

Available Units at Serene Lake North 1

For Sale 7 For Rent 2
Get notified when new homes are being added to Serene Lake North 1
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Frequently Asked Questions

No pets are allowed at Serene Lake North 1 unless specifically permitted by the juristic office. Exceptions can be made for service or guide dogs for persons with disabilities.
The common area maintenance fee for properties at Serene Lake North 1 is a fixed amount of ฿3,000. This amount 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 International Airport is the nearest Airport from Serene Lake North 1 and it is 2.5 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 Serene Lake North 1 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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Chiang Mai
Mae Hia

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby Serene Lake North 1

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
Mae Hia, Mueang Chiang Mai, Chiang Mai
Number of units
236
Sales Prices
฿8M - ฿13M
▲ 2% overpriced
Monthly Rentals
฿35K - ฿49K
Year Built
Jan 2007
Completion Status
Completed
Project Name
N8 Serene Lake
Location
Mae Hia, Mueang Chiang Mai, Chiang Mai
Number of units
69
Sales Prices
฿2.6M - ฿7.5M
▼ -4.4% underpriced
Monthly Rentals
฿15K - ฿18K
Year Built
Dec 2013
Completion Status
Completed
Location
Mae Hia, Mueang Chiang Mai, Chiang Mai
Number of units
226
Sales Prices
฿6.8M - ฿12.5M
▼ -25% underpriced
Monthly Rentals
฿30K - ฿60K
Year Built
Dec 2013
Completion Status
Completed
Location
Mae Hia, Mueang Chiang Mai, Chiang Mai
Number of units
60
Sales Prices
฿1.35M - ฿1.5M
▼ -21% underpriced
Monthly Rentals
฿7K
Year Built
Jan 2015
Completion Status
Completed
Location
Mae Hia, Mueang Chiang Mai, Chiang Mai
Number of units
79
Sales Prices
฿2.8M - ฿7.9M
▼ -3% underpriced
Monthly Rentals
฿12K - ฿30K
Year Built
Jun 2011
Completion Status
Completed
Location
Mae Hia, Mueang Chiang Mai, Chiang Mai
Number of units
170
Sales Prices
฿2.45M - ฿3.8M
Monthly Rentals
฿15K - ฿23K
Year Built
Jan 2016
Completion Status
Completed
Location
Mae Hia, Mueang Chiang Mai, Chiang Mai
Number of units
78
Sales Prices
฿30M - ฿55M
Monthly Rentals
฿220K - ฿240K
Year Built
Dec 2021
Completion Status
Completed
Project Name
BIZPOINT 10
Location
Mae Hia, Mueang Chiang Mai, Chiang Mai
Number of units
68
Sales Prices
฿6.5M
Monthly Rentals
N/A
Year Built
Dec 2017
Completion Status
Completed
Location
Mae Hia, Mueang Chiang Mai, Chiang Mai
Number of units
292
Sales Prices
฿1.75M
Monthly Rentals
N/A
Year Built
N/A
Completion Status
Completed
Project Name
Karnkanok 21
Location
Mae Hia, Mueang Chiang Mai, Chiang Mai
Number of units
401
Sales Prices
฿2.99M
Monthly Rentals
฿25K - ฿42K
Year Built
Dec 2013
Completion Status
Completed
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