Unit ID: U1672636
5% Rental Yield
Tenant-Occupied until Mar 31, 2025
Chang Phueak, Mueang Chiang Mai,Chiang Mai
฿5,500,000
4 Bedrooms
3
Bathrooms
150 SqM
Size
13
Floor
Dec 1996
Completed

About This Condo

This property is a 150 SqM condo with 4 bedrooms and 3 bathrooms that is available for sale. It is part of the project in Chang Phueak, Chiang Mai and was completed in Dec 1996. You can buy this condo for a base price of ฿5,500,000 (฿36,667/SqM) and it is also available for long term rentals starting from ฿25,000 per month.

Features

BalconyBalcony Washing MachineWashing Machine MicrowaveMicrowave TVTV

Basic Information

Date Listed Sep 28, 2023
Updated 7 months ago
Property Type Condo
Floor 13
Bedrooms 4
Size 150 SqM
Price per SqM ฿36,667
Pets Not Allowed
Condo Ownership

Foreign nationals can own condominium units as freehold owners in buildings where no more than 49% of the unit floor space is owned by foreigners. Units that are part of the Thai quota or are being leased for 30 years can be converted to the foreign freehold quota if it is currently below 49%.

N/A
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) City View
Unit Type N/A
Building 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 U1672636

Investment Opportunity: Charges & Yield

Sale Price
฿5,500,000
Rent
฿25,000/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.
18
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.
5%

Project Details

Project Name: Hill Park Condo 2
Developer: N/A
Construction: Completed (Dec 1996)
Floors: 13
Buildings: N/A
Units: 96
Project Area: 972 SqM
Nearest Landmark Maya Lifestyle Shopping Center - 0.8 Km
Location: Chang Phueak, Chiang Mai
Hill Park Condo 2 Project Details

Project Features

Car Parking Car Parking

Available Units at Hill Park Condo 2

For Sale 3 For Rent 3
Get notified when new homes are being added to Hill Park Condo 2
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Frequently Asked Questions

No pets are allowed at Hill Park Condo 2 unless specifically permitted by the juristic office. Exceptions can be made for service or guide dogs for persons with disabilities.
Maya Lifestyle Shopping Center is the nearest Shopping Mall from Hill Park Condo 2 and it is 0.8 km away.

Foreigners can own a condominium Freehold in their own name. Condominium ownership is best explained by looking at an example of a project that has 100 units for sale.

In this example, 49 of the total units in this building (or 49% of the total salable area) can be owned outright by non-thai nationals in their name.  The ownership titles of these 49 units is referred to as Freehold or Foreign Quota. 

This leaves 51 units remaining in the building (or 51% of the total salable). The freehold rights to these units are reserved for Thai nationals in what is commonly referred to as the Thai quota.

 

Read more here

After you have found the right property at Hill Park Condo 2 you have to follow these steps:

  • - Agreement of terms and conditions
  • - Reservation Agreement
  • - Reservation Deposit
  • - Sales and Purchase Agreement
  • - Settlement & Transfer

 


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

4.7 out of 5
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
The condo in the heart of the city
John Jacob, United Kingdom, 8 years ago
Although this condo lasted many years due to its construction built a long time ago, it is easily accessible since it is located in the central city, near Maya Lifestyle Shopping Center and Chiang Mai University. It is also full of convenience stores and a lot of restaurants to choose from. Importantly, the rental price of 2 bedrooms is less than ten thousand, which is considered a relatively low price. The only disadvantage is that the common area was neither pool nor gym, just the security system.
Chiang Mai
Chang Phueak

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby Hill Park Condo 2

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
Chang Phueak, Mueang Chiang Mai, Chiang Mai
Number of units
166
Sales Prices
฿2.5M
▼ -32% underpriced
Monthly Rentals
N/A
Year Built
Feb 2014
Completion Status
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Location
Chang Phueak, Mueang Chiang Mai, Chiang Mai
Number of units
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฿1.5M - ฿1.85M
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Year Built
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Completion Status
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Location
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Number of units
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Year Built
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Chang Phueak, Mueang Chiang Mai, Chiang Mai
Number of units
168
Sales Prices
฿1.75M - ฿1.79M
Monthly Rentals
฿13K - ฿16K
Year Built
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Completion Status
Completed
Location
Chang Phueak, Mueang Chiang Mai, Chiang Mai
Number of units
165
Sales Prices
฿1.75M
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Monthly Rentals
฿86K
Year Built
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Completion Status
Completed
Location
Chang Phueak, Mueang Chiang Mai, Chiang Mai
Number of units
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Sales Prices
฿1.55M - ฿1.69M
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Monthly Rentals
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Completion Status
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Project Name
Punna Residence 5
Location
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Number of units
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Sales Prices
฿2.2M - ฿11M
▼ -24% underpriced
Monthly Rentals
฿18K - ฿29K
Year Built
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Completion Status
Completed
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
59
Sales Prices
฿1.4M - ฿6.3M
Monthly Rentals
฿15K - ฿18K
Year Built
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Completion Status
Completed
Location
Chang Phueak, Mueang Chiang Mai, Chiang Mai
Number of units
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Sales Prices
฿3.5M - ฿25M
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Monthly Rentals
฿18K - ฿34K
Year Built
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Completion Status
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