Unit ID: U1874808
4% Rental Yield
Tenant-Occupied until Jul 1, 2025
San Phak Wan, Hang Dong,Chiang Mai
฿5,400,000
3 Bedrooms
3
Bathrooms
448 SqM
Indoor Area
2
Storeys
8 Months
Made To Order

About This House

This property is a 448 SqM house with 3 bedrooms and 3 bathrooms that is available for sale. It is part of the project in San Phak Wan, Chiang Mai and will be built within 8 months of purchase. You can buy this house for a base price of ฿5,400,000 (฿12,054/SqM) and it is also available for long term rentals starting from ฿20,000 per month.

Features

Pool AccessPool Access Garden AccessGarden Access Covered ParkingCovered Parking BalconyBalcony Washing MachineWashing Machine TVTV

Basic Information

Date Listed Jun 16, 2024
Updated 4 months ago
Property Type House
Storeys 2
Location San Phak Wan, Chiang Mai
Bedrooms 3
Nearest Landmark Chiang Mai Premium Outlet -1.8 Km
Indoor Area 448 SqM
Price per SqM ฿12,054
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 448 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.

Foreign Ownership, 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 N/A
Construction Made To Order (8 Months)
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) N/A
Unit Type N/A
Parking Spots 2
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 U1874808

Investment Opportunity: Charges & Yield

Sale Price
฿5,400,000
Rent
฿20,000/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.
23
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.
4%

Project Details

Project Name: The Zentric
Developer: N/A
Construction: Made To Order (8 Months)
Units: 495
Project Area: N/A
Nearest Landmark Chiang Mai Premium Outlet - 1.8 Km
Location: San Phak Wan, Chiang Mai
The Zentric Project Details

Project Features

On Site Restaurant On Site Restaurant
Communal Pool Communal Pool
Jacuzzi Jacuzzi
Communal Gym Communal Gym
Bar Bar
Clubhouse Clubhouse
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Indoor Kids Zone Indoor Kids Zone
Car Parking Car Parking
Spa Spa
Steam Room Steam Room
Sauna Sauna
Reception / Lobby Area Reception / Lobby Area

Available Units at The Zentric

For Sale 3 For Rent 3
Get notified when new homes are being added to The Zentric
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Frequently Asked Questions

All kind of pets are allowed at The Zentric including dogs, cats, rabbits, hamsters, guinea pigs, birds, and reptiles.
Chiang Mai Premium Outlet is the nearest Shopping Mall from The Zentric and it is 1.8 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 The Zentric 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
San Phak Wan

Neighborhood Overview

Location and Neighborhood

Street View

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