Unit ID: U160260
5% Rental Yield
San Sai Noi, San Sai,Chiang Mai
฿3,590,000
2 Bedrooms
3
Bathrooms
110 SqM
Indoor Area
2
Storeys
May 2018
Completed

About This Townhouse

This property is a 110 SqM townhouse with 2 bedrooms and 3 bathrooms that is available for sale. It is part of the project in San Sai Noi, Chiang Mai and was completed in May 2018. You can buy this townhouse for a base price of ฿3,590,000 (฿32,636/SqM).

Features

TerraceTerrace BalconyBalcony

Basic Information

Date Listed Oct 9, 2019
Updated 4 years ago
Property Type Townhouse
Storeys 2
Location San Sai Noi, Chiang Mai
Bedrooms 2
Nearest Landmark Chiang Mai Bus Terminal 2 Arcade -4.3 Km
Indoor Area 110 SqM
Price per SqM ฿32,636
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 140 SqM
Pets Not Allowed
Townhouse Ownership

Foreign nationals can own the building (townhouse) 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 (May 2018)
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) Blocked View
Unit Type N/A
Parking Spots 1
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 U160260

Investment Opportunity: Charges & Yield

Sale Price
฿3,590,000
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.
22
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 2 bedroom townhouses at Pimmada Home, and the current sales price.
5%

Project Details

Project Name: Pimmada Home
Developer: N/A
Construction: Completed (May 2018)
Units: 30
Project Area: N/A
Nearest Landmark Chiang Mai Bus Terminal 2 Arcade - 4.3 Km
Location: San Sai Noi, Chiang Mai
Pimmada Home Project Details

Project Features

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

Available Units at Pimmada Home

For Sale 3 For Rent 1
Get notified when new homes are being added to Pimmada Home
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Frequently Asked Questions

Chiang Mai Bus Terminal 2 Arcade is the nearest Bus Terminal from Pimmada Home and it is 4.3 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 Pimmada Home 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

Reviews

4 out of 5
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
New townhome, convenient location
Kwan Jai, Thailand, 3 years ago
The project was built in a modern design, and the price is reasonable. The use of wood and steel is emphasized. It's a small-scale project hidden in San Sai Subdistrict. The location is excellent and easy to travel to. There are several marts and tasty bistros nearby. HomePro San Sai Chiang Mai, San Sai Luang Municipal Offices, and San Sai Kindergarten are all around 5 kilometers away. I'd recommend it to those looking for a townhouse at an affordable price.
Chiang Mai
San Sai Noi

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby Pimmada Home

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 Sai Noi, San Sai, Chiang Mai
Number of units
103
Sales Prices
฿4.9M
Monthly Rentals
฿25K
Year Built
May 2014
Completion Status
Completed
Project Name
Karnkanok Ville 2
Location
Nong Chom, San Sai, Chiang Mai
Number of units
225
Sales Prices
฿2.49M - ฿2.69M
Monthly Rentals
N/A
Year Built
Jan 2022
Completion Status
Completed
Location
San Sai Noi, San Sai, Chiang Mai
Number of units
120
Sales Prices
฿3.5M - ฿10.9M
Monthly Rentals
N/A
Year Built
Dec 2012
Completion Status
Completed
Project Name
The Patio
Location
San Sai Noi, San Sai, Chiang Mai
Number of units
96
Sales Prices
฿3.9M
▼ -9.5% underpriced
Monthly Rentals
N/A
Year Built
Jul 2015
Completion Status
Completed
Project Name
Baan Pornping 2
Location
San Sai Noi, San Sai, Chiang Mai
Number of units
19
Sales Prices
฿1.65M - ฿1.99M
Monthly Rentals
N/A
Year Built
N/A
Completion Status
Completed
Location
San Sai Noi, San Sai, Chiang Mai
Number of units
75
Sales Prices
฿3.81M - ฿9.29M
▼ -9% underpriced
Monthly Rentals
N/A
Year Built
Jan 2020
Completion Status
Made To Order
Project Name
Regent 2
Location
San Sai Noi, San Sai, Chiang Mai
Number of units
90
Sales Prices
฿4.8M - ฿10M
▼ -20% underpriced
Monthly Rentals
฿15K - ฿28K
Year Built
Jan 2003
Completion Status
Completed
Project Name
The Laguna Home
Location
Nong Chom, San Sai, Chiang Mai
Number of units
1000
Sales Prices
฿2.85M - ฿52.8M
▼ -19.6% underpriced
Monthly Rentals
฿15K - ฿65K
Year Built
Oct 2008
Completion Status
Completed
Project Name
The Laguna Home 5
Location
San Sai Noi, San Sai, Chiang Mai
Number of units
150
Sales Prices
฿5.5M - ฿12M
▲ 4% overpriced
Monthly Rentals
N/A
Year Built
Jul 2009
Completion Status
Completed
Location
Nong Chom, San Sai, Chiang Mai
Number of units
261
Sales Prices
฿3.2M
▼ -5% underpriced
Monthly Rentals
N/A
Year Built
May 2012
Completion Status
Completed
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