Unit ID: U1975861
12% Rental Yield
San Phak Wan, Hang Dong,Chiang Mai
฿29,000,000
3 Bedrooms
3
Bathrooms
440 SqM
Indoor Area
1
Storeys
Jan 2019
Completed

About This Villa

This property is a 440 SqM villa with 3 bedrooms and 3 bathrooms that is available for sale. It is part of the project in San Phak Wan, Chiang Mai and was completed in Jan 2019. You can buy this villa for a base price of ฿29,000,000 (฿65,909/SqM).

SUPERB PROPERTY ON A LARGE 1 RAI 14 WAH PLOT

Superb property hidden in a secluded spot in one of Chiang Mai’s most sought after communities - Moo Baan Wangtan. Built in November 2019, this wonderful property features a beautiful single storey home built to the highest standards, a sparkling salt water pool, guest house, entertaining sala with BBQ and waterfall and a double garage with storage area. The property is on a large 1 rai 14 wah plot of land and has a wonderful lush garden with manicured lawns and many mature trees. This property is perfect if you're looking for a home in a peaceful, friendly neighbourhood and yet, there is still plenty of privacy. As we enter the property, there’s a beautiful Indian style gate that opens out to a beautiful garden with many mature trees, plants and flowers. To the left is a guest house and to the right, the garage and sala. The main house is located at the back of the property. The main house is divided into two wings for day time and night time use. The house is very comfortable and well designed with a 3m high ceiling. This property would be perfect if you’re looking for a quality well designed home in a peaceful community in a convenient location close to many international schools, shops and restaurants. There’s everything you need within a 10-15 min drive of the community. Chiang Mai International Airport is only about 10-15 min drive away. Moo Baan Wangtan is a lovely and leafy family friendly community with good security, swimming pool and tennis courts. More about the house: The “Day time” wing features: •Spacious open plan living-dining and an open western style custom kitchen.•Library / office •Large laundry / utilities room that opens to an outside Thai kitchen•Guest bathroom“Night time” wing:•The “day time” and :”night time” wings are connected by a lovely light filled corridor with a prayer/meditation corner.•The master bedroom has a large sleeping area of 28sqm that overlooks the pool. There’s also a large dressing room (12sqm) and luxurious bathroom with a spacious shower with lovely floor to ceiling 1.2mx0.6m Italian tiles. The bathroom has double wash basins and Grohe faucets. •There are also 2 guest bedrooms with a shared bathroom where the Italian tiles are also used. •All the bedrooms overlook the garden with custom built floor to ceiling windows (2.45m).The kitchen:•The western kitchen is built to “French style” with a 3 burner gas hob, oven, microwave, fridge and a double stoneware kitchen sink from Germany. Guest house / bungalow:•Independent studio style guest house with an ensuite bathroom and a 10sqm terrace overlooking the garden. Garden features:•Private and secure 2 m high fence.•Cobblestone path•Automatic watering system that covers the whole property (water provided from 2x2000L tanks)•Sala with BBQ area with 750L water tank. There is an additional 2000L tank for the house. Construction: The house is built to the highest standards. Features include: •The house has a double wall to help keep the house cool.•Double electric hot water tank•Deep foundation with oversized reinforcement•Shape and Daikin air conditioners are used in the house•Triple water filtering system - for water coming into the house, laundry room and also drinking water filter•The roof has earthenware tiles (which are 5 x more expensive than cement tiles) and has good insulation,•High roof (8.7m from the ground) to allow air circulation and ventilation. •Heat insulation•CCTV around the house and at the entrance of the property

Features

Private PoolPrivate Pool Private GardenPrivate Garden Covered ParkingCovered Parking

Basic Information

Date Listed Nov 28, 2024
Updated 18 hours ago
Property Type Villa
Storeys 1
Location San Phak Wan, Chiang Mai
Bedrooms 3
Nearest Landmark N/A
Indoor Area 440 SqM
Price per SqM ฿65,909
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 1,600 SqM
Pets N/A
Villa Ownership

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

Foreign Ownership, Thai Ownership, Company, Leasehold
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, Company, Leasehold
Land Title Deed Chanote
Construction Completed (Jan 2019)
Furniture
Unfurnished
View(s) N/A
Unit Type N/A
Parking Spots 4
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 U1975861

Investment Opportunity: Charges & Yield

Sale Price
฿29,000,000
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 villas at Mooban Wangtan, and the current sales price.
12%

Project Details

Project Name: Mooban Wangtan
Developer: N/A
Construction: Completed (Oct 2023)
Units: 7
Project Area: N/A
Nearest Landmark N/A
Location: San Phak Wan, Chiang Mai
Mooban Wangtan Project Details

Project Features

On Site Restaurant On Site Restaurant
Communal Pool Communal Pool
Clubhouse Clubhouse
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Car Parking Car Parking
Tennis Court Tennis Court

Available Units at Mooban Wangtan

For Sale 8 For Rent 1
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Frequently Asked Questions

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 Mooban Wangtan 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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