Unit ID: U1171234
4% Rental Yield
Tenant-Occupied until Apr 1, 2025
Chang Phueak, Mueang Chiang Mai,Chiang Mai
฿23,000,000
6 Bedrooms
7
Bathrooms
400 SqM
Indoor Area
2
Storeys
Jan 2002
Completed

About This House

This property is a 400 SqM house with 6 bedrooms and 7 bathrooms that is available for sale. It is part of the project in Chang Phueak, Chiang Mai and was completed in Jan 2002. You can buy this house for a base price of ฿23,000,000 (฿57,500/SqM) and it is also available for long term rentals starting from ฿70,000 per month.

Features

Private GardenPrivate Garden TerraceTerrace Covered ParkingCovered Parking Full Western KitchenFull Western Kitchen Washing MachineWashing Machine MicrowaveMicrowave OvenOven TVTV

Basic Information

Date Listed Nov 14, 2022
Updated 1 month ago
Property Type House (Single Detached)
Storeys 2
Location Chang Phueak, Chiang Mai
Bedrooms 6
Nearest Landmark Ched Yod Temple -1.1 Km
Indoor Area 400 SqM
Price per SqM ฿57,500
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 296 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.

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 (Jan 2002)
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) 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 U1171234

Investment Opportunity: Charges & Yield

Sale Price
฿23,000,000
Rent
฿70,000/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.
27
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: Baan Ing Doi
Developer: N/A
Construction: Completed (Jan 2002)
Units: 90
Project Area: 1,968 SqM
Nearest Landmark Ched Yod Temple - 1.1 Km
Location: Chang Phueak, Chiang Mai
Baan Ing Doi Project Details

Project Features

Communal Pool Communal Pool
Clubhouse Clubhouse
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Communal Garden Area Communal Garden Area

Available Units at Baan Ing Doi

For Sale 2 For Rent 4
Get notified when new homes are being added to Baan Ing Doi
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Frequently Asked Questions

All kind of pets are allowed at Baan Ing Doi including dogs, cats, rabbits, hamsters, guinea pigs, birds, and reptiles.
Ched Yod Temple is the nearest Temple from Baan Ing Doi and it is 1.1 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 Baan Ing Doi 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

Reviews

4.8 out of 5
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
A big house in the city center
Teena Kolstine, United Kingdom, 6 years ago
My husband and I, both are not Chiang Mai natives, relocated here from Bangkok. Then, I bought a 2-story detached house from this project. We chose a 5 bedroom house because it is large enough to accommodate the number of people in my family, including 4 children. I prefer a house with a lot of outdoor space because I enjoy gardening and planting trees. Anyway, This house is absolutely stunning. The house was sold fully furnished and with minor additions by the previous owner, which is exactly what we like and hardly needs any additional decorations. It is considered quality worth the price. Plus, the location is convenient, traveling to the city is only about 10 minutes, so you can go shopping easily. Besides, the project location is near the hospital, school, university, and golf course. Furthermore, my husband and kids appreciate it.
Chiang Mai
Chang Phueak

Neighborhood Overview

Location and Neighborhood

Street View

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