Unit ID: U1743838
8% Rental Yield
Chai Sathan, Saraphi,Chiang Mai
฿2,600,000
3 Bedrooms
2
Bathrooms
130 SqM
Indoor Area
1
Storeys
Apr 2013
Completed

About This House

This property is a 130 SqM house with 3 bedrooms and 2 bathrooms that is available for sale. It is part of the project in Chai Sathan, Chiang Mai and was completed in Apr 2013. You can buy this house for a base price of ฿2,600,000 (฿20,000/SqM).

Features

Private GardenPrivate Garden TerraceTerrace

Basic Information

Date Listed Feb 27, 2024
Updated 7 months ago
Property Type House (Single Detached)
Storeys 1
Location Chai Sathan, Chiang Mai
Bedrooms 3
Nearest Landmark Boonthavorn Chiang Mai -1.4 Km
Indoor Area 130 SqM
Price per SqM ฿20,000
Outdoor Area
This is the combined size of the terrace, pool, parking area, and sala. It does not include the size of the garden.
N/A
Plot Size 204 SqM
Pets Cats and Dogs (small only)
House Ownership

Foreign nationals can own the building (house) in their own name, but not the land that it stands on.

N/A
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.

N/A
Land Title Deed N/A
Construction Completed (Apr 2013)
Furniture
Unfurnished
View(s) Garden View
Unit Type N/A
Parking Spots N/A
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 U1743838

Investment Opportunity: Charges & Yield

Sale Price
฿2,600,000
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 3 bedroom houses at Lalitta House, and the current sales price.
8%

Project Details

Project Name: Lalitta House
Developer: N/A
Construction: Completed (Apr 2013)
Units: 2
Project Area: N/A
Nearest Landmark Boonthavorn Chiang Mai - 1.4 Km
Location: Chai Sathan, Chiang Mai
Lalitta House Project Details

Project Features

24H Security 24H Security
Car Parking Car Parking
Communal Garden Area Communal Garden Area
Attached Market / Shops Attached Market / Shops

Available Units at Lalitta House

For Sale 2 For Rent 1
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Frequently Asked Questions

Small dogs (weight under 15 kg), cats and small pets like rabbits, hamsters and guinea pigs are allowed at Lalitta House.
Boonthavorn Chiang Mai is the nearest Shopping Mall from Lalitta House and it is 1.4 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 Lalitta House 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
Chai Sathan

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby Lalitta House

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
Pa Bong, Saraphi, Chiang Mai
Number of units
90
Sales Prices
฿3.85M - ฿8.5M
▼ -22.3% underpriced
Monthly Rentals
฿25K
Year Built
May 2003
Completion Status
Completed
Project Name
Pruksaran Saraphi
Location
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Number of units
N/A
Sales Prices
฿2.83M
Monthly Rentals
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Year Built
N/A
Completion Status
Off Plan
Location
Pa Bong, Saraphi, Chiang Mai
Number of units
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Sales Prices
฿2.19M - ฿3.79M
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Year Built
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Completion Status
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Chai Sathan, Saraphi, Chiang Mai
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฿15K - ฿18K
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Pa Bong, Saraphi, Chiang Mai
Number of units
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฿2M
Monthly Rentals
N/A
Year Built
Mar 2019
Completion Status
Completed
Project Name
Baan Karnkanok 12
Location
Nong Phueng, Saraphi, Chiang Mai
Number of units
315
Sales Prices
฿4.7M - ฿7.5M
▼ -41% underpriced
Monthly Rentals
฿25K - ฿52K
Year Built
Aug 2018
Completion Status
Completed
Location
Nong Phueng, Saraphi, Chiang Mai
Number of units
20
Sales Prices
฿11.5M - ฿85M
▲ 17.7% overpriced
Monthly Rentals
N/A
Year Built
Dec 2021
Completion Status
Completed
Location
Nong Phueng, Saraphi, Chiang Mai
Number of units
19
Sales Prices
฿6.99M - ฿40M
▼ -5.7% underpriced
Monthly Rentals
N/A
Year Built
Jan 2019
Completion Status
Completed
Location
Nong Phueng, Saraphi, Chiang Mai
Number of units
262
Sales Prices
฿8.9M
Monthly Rentals
฿25K - ฿60K
Year Built
Jul 2014
Completion Status
Completed
Location
Chai Sathan, Saraphi, Chiang Mai
Number of units
146
Sales Prices
฿990K - ฿2.5M
Monthly Rentals
฿13K - ฿16K
Year Built
Jun 1994
Completion Status
Completed
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