Unit ID: U1842152
11% Rental Yield
Ban Waen, Hang Dong,Chiang Mai
฿5,500,000
3 Bedrooms
3
Bathrooms
220 SqM
Indoor Area
2
Storeys
Apr 1995
Completed

About This House

This property is a 220 SqM house with 3 bedrooms and 3 bathrooms that is available for sale. It is part of the project in Ban Waen, Chiang Mai and was completed in Apr 1995. You can buy this house for a base price of ฿5,500,000 (฿25,000/SqM).

Features

Rooftop TerraceRooftop Terrace Private GardenPrivate Garden TerraceTerrace DuplexDuplex BalconyBalcony

Basic Information

Date Listed May 19, 2024
Updated 6 months ago
Property Type House (Single Detached)
Storeys 2
Location Ban Waen, Chiang Mai
Bedrooms 3
Nearest Landmark Hang Dong District Municipal Food Market -2.2 Km
Indoor Area 220 SqM
Price per SqM ฿25,000
Outdoor Area
This is the combined size of the terrace, pool, parking area, and sala. It does not include the size of the garden.
100 SqM
Plot Size 292 SqM
Pets All Kind of Pets 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 (Apr 1995)
Furniture
Partly furnished means the property contains the basics i.e. beds, sofa, table and chairs, wardrobes but no electronic appliances, utensils and glassware in the kitchen.
Partly Furnished
View(s) Garden View
Unit Type N/A
Parking Spots 3
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 U1842152

Investment Opportunity: Charges & Yield

Sale Price
฿5,500,000
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.
9
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 3 bedroom houses at Kad Farang Village, and the current sales price.
11%

Project Details

Project Name: Kad Farang Village
Developer: Muensane Property
Construction: Completed (Aug 2017)
Units: 200
Project Area: N/A
Nearest Landmark Hang Dong District Municipal Food Market - 2.2 Km
Location: Ban Waen, Chiang Mai
Kad Farang Village Project Details

Project Features

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

Available Units at Kad Farang Village

For Sale 1 For Rent 1
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Frequently Asked Questions

All kind of pets are allowed at Kad Farang Village including dogs, cats, rabbits, hamsters, guinea pigs, birds, and reptiles.
Hang Dong District Municipal Food Market is the nearest Market from Kad Farang Village and it is 2.2 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 Kad Farang Village 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
Single house with spacious area and ready to live in
Primlada A., Thailand, 5 years ago
My family and I have lived here since the completion of the project, and we feel a lot of love and attachment to this place. The house that I live in is a 5 bedroom house. The house is spacious and fully furnished. In terms of decoration, it looks simple but comfortable. The facilities in the project are also complete, but what I love the most is probably the spacious living area of the house, which is comfortable, making my children can run and play around happily. As for the location, it is not very close to the city of Chiang Mai, thus, providing peace and non-crowded. However, the nearby neighborhood is considered a prosperous area, consisting of many restaurants, convenience stores, Hang Dong Market, and Hang Dong Hospital. In general, I am very impressed here a lot.
Chiang Mai
Ban Waen

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby Kad Farang Village

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
Project Name
Five@Kad Farang
Location
Ban Waen, Hang Dong, Chiang Mai
Number of units
5
Sales Prices
฿7.79M - ฿8.56M
Monthly Rentals
N/A
Year Built
Nov 2024
Completion Status
Completed
Location
Ban Waen, Hang Dong, Chiang Mai
Number of units
1
Sales Prices
฿48.1M
Monthly Rentals
N/A
Year Built
Jul 2024
Completion Status
Completed
Location
Ban Waen, Hang Dong, Chiang Mai
Number of units
141
Sales Prices
฿2.4M - ฿3.95M
▼ -5% underpriced
Monthly Rentals
N/A
Year Built
Dec 2003
Completion Status
Completed
Project Name
Royal View
Location
Ban Waen, Hang Dong, Chiang Mai
Number of units
60
Sales Prices
฿1.1M
Monthly Rentals
฿20K - ฿65K
Year Built
Jan 2000
Completion Status
Completed
Location
Ban Waen, Hang Dong, Chiang Mai
Number of units
39
Sales Prices
฿10.5M - ฿39.7M
▼ -14.2% underpriced
Monthly Rentals
฿59K - ฿89K
Year Built
Dec 2020
Completion Status
Completed
Location
Ban Waen, Hang Dong, Chiang Mai
Number of units
5
Sales Prices
฿11.2M - ฿17.6M
Monthly Rentals
N/A
Year Built
Dec 2024
Completion Status
Completed
Project Name
Baan Vipanee View
Location
Ban Waen, Hang Dong, Chiang Mai
Number of units
54
Sales Prices
฿600K
Monthly Rentals
฿18K
Year Built
Dec 2009
Completion Status
Completed
Location
Ban Waen, Hang Dong, Chiang Mai
Number of units
102
Sales Prices
฿9.5M - ฿11M
Monthly Rentals
฿50K - ฿80K
Year Built
Jul 2015
Completion Status
Completed
Project Name
Rungarroon Ville
Location
Hang Dong, Hang Dong, Chiang Mai
Number of units
N/A
Sales Prices
฿6.98M
Monthly Rentals
N/A
Year Built
Jan 2023
Completion Status
Completed
Project Name
The Prive'
Location
Ban Waen, Hang Dong, Chiang Mai
Number of units
6
Sales Prices
฿6.96M - ฿9.02M
Monthly Rentals
N/A
Year Built
Jan 2023
Completion Status
Completed
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