Unit ID: U1988573
7% Rental Yield
Tenant-Occupied until Jan 31, 2025
Mae Hia, Mueang Chiang Mai,Chiang Mai
฿4,500,000
3 Bedrooms
4
Bathrooms
240.50 SqM
Indoor Area
3
Storeys
Completed

About This Townhouse

This property is a 240.50 SqM townhouse with 3 bedrooms and 4 bathrooms that is available for sale. It is part of the project in Mae Hia, Chiang Mai. You can buy this townhouse for a base price of ฿4,500,000 (฿18,711/SqM) and it is also available for long term rentals starting from ฿28,000 per month.

Basic Information

Date Listed Dec 21, 2024
Updated 5 hours ago
Property Type Townhouse
Storeys 3
Location Mae Hia, Chiang Mai
Bedrooms 3
Nearest Landmark Makro Hangdong -0.8 Km
Indoor Area 240.50 SqM
Price per SqM ฿18,711
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 171.20 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
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 U1988573

Investment Opportunity: Charges & Yield

Sale Price
฿4,500,000
Rent
฿28,000/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.
13
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.
7%

Project Details

Project Name: Lan Doa Home
Developer: N/A
Construction: Completed (Dec 2021)
Units: 4
Project Area: N/A
Nearest Landmark Makro Hangdong - 0.8 Km
Location: Mae Hia, Chiang Mai
Lan Doa Home Project Details

Available Units at Lan Doa Home

For Sale 2 For Rent 4
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Frequently Asked Questions

All kind of pets are allowed at Lan Doa Home including dogs, cats, rabbits, hamsters, guinea pigs, birds, and reptiles.
Makro Hangdong is the nearest Shopping Mall from Lan Doa Home and it is 0.8 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 Lan Doa 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

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Chiang Mai
Mae Hia

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby Lan Doa Home

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Number of units
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Year Built
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Project Name
Location
Number of units
Sales Prices
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Year Built
Completion Status
Project Name
The Urbana 4
Location
Mae Hia, Mueang Chiang Mai, Chiang Mai
Number of units
200
Sales Prices
฿2.4M
Monthly Rentals
฿15K - ฿22K
Year Built
Mar 2015
Completion Status
Completed
Location
Mae Hia, Mueang Chiang Mai, Chiang Mai
Number of units
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Sales Prices
฿1.35M - ฿1.5M
▼ -21% underpriced
Monthly Rentals
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Year Built
Jan 2015
Completion Status
Completed
Location
Mae Hia, Mueang Chiang Mai, Chiang Mai
Number of units
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฿2.8M - ฿7.9M
▼ -3% underpriced
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Koolpunt Ville 6
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Completion Status
Completed
Location
Mae Hia, Mueang Chiang Mai, Chiang Mai
Number of units
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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
236
Sales Prices
฿8M - ฿13M
▲ 2% overpriced
Monthly Rentals
฿35K - ฿49K
Year Built
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Completion Status
Completed
Location
Mae Hia, Mueang Chiang Mai, Chiang Mai
Number of units
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Sales Prices
฿2M - ฿3.3M
▼ -25% underpriced
Monthly Rentals
฿8K
Year Built
Jan 2013
Completion Status
Completed
Project Name
Koolpunt Ville 5
Location
Mae Hia, Mueang Chiang Mai, Chiang Mai
Number of units
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Sales Prices
฿4.8M - ฿5.3M
Monthly Rentals
N/A
Year Built
Jan 2017
Completion Status
Completed
Location
Nong Khwai, Mueang Chiang Mai, Chiang Mai
Number of units
147
Sales Prices
฿4.5M - ฿8.5M
Monthly Rentals
฿22K - ฿40K
Year Built
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Completion Status
Completed
Project Name
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Location
Mae Hia, Mueang Chiang Mai, Chiang Mai
Number of units
69
Sales Prices
฿2.6M - ฿7.5M
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Monthly Rentals
฿15K - ฿18K
Year Built
Dec 2013
Completion Status
Completed
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