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    1 Bedroom Condo for sale at Lanna Nakorn Condotown
    Pa Tan, Mueang Chiang Mai,Chiang Mai
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    Sale Price
    £57,000
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    1 Bedroom Condo for sale at Lanna Nakorn Condotown

     (Write Review)
    Pa Tan, Mueang Chiang Mai,Chiang Mai
    Unit ID: U1954296
    6% Rental Yield
    Tenant-Occupied until Jan 31, 2025
    1 Bedroom
    2 Bathrooms
    80 SqM Size
    6 Floor
    Jan 2011 Completed
     (Write Review)
    Sale Price
    £57,000
    25

    About This Condo

    This property is a 80 SqM condo with 1 bedroom and 2 bathrooms that is available for sale. It is part of the project in Pa Tan, Chiang Mai and was completed in Jan 2011. You can buy this condo for a base price of £57,000 (£712/SqM).

    Condo for sale included Tenant

    Can't Get a Loan? I'll Finance You! Thank you for taking the time to read this. I currently have 8 condos for sale at Lanna Nakhorn Condos, each offering excellent value for money. Seven units range in size from 28 to 38 square meters. The eighth unit is unique: it’s deeded as two separate units, but functions as a spacious 80 square meter, 1-bedroom unit. Owner Financing Available One of the most exciting aspects of these sales is that I am offering owner financing. If the buyer provides a 30% down payment and covers their own closing costs, I will finance the remaining balance. The financing terms are flexible and can be negotiated to suit your needs, with a time frame ranging from 6 months to 5 years. Interest rates will also be competitive and negotiated per unit.  Perfect for Foreign Buyers This is a fantastic opportunity for foreign buyers who may struggle to secure traditional financing in Thailand but still want to own a home in Chiang Mai.   Leased Units All of the condos are currently rented and subject to the terms of the tenants' existing leases. To respect their privacy and avoid unnecessary stress, any buyer interested in one of these units will need to submit an offer and go through the negotiation process with me first. After negotiations are complete, a showing of the specific property will be arranged. If, after viewing, the buyer decides not to proceed—no problem. No money will have changed hands, and both parties will be free to walk away.   Next Steps If you’re interested or have any questions, I’d be happy to provide more information and clarify any details. Feel free to reach out to me at your convenience. For Sale: Spacious, Modern Condo with Stunning Mountain Views – 607B Price: THB 2,500,000Size: 80 sqm | Fully Furnished Property Overview: This large, beautifully remodeled condo offers a bright and airy living space in the peaceful Paatan area. With plenty of natural light from large panoramic windows, you’ll enjoy stunning views of the mountains to the west, as well as the blue sky to the north and east. It’s perfect for anyone seeking a modern, comfortable home with a tranquil atmosphere that’s also conveniently located near the city. Key Features:
    • Western-style kitchen with a large refrigerator, induction oven, and 2-burner electric stove-top range.
    • Spacious and open, with a modern, fully furnished interior.
    • Air conditioning in both the living area and bedroom.
    • High-end entertainment system with surround sound and cozy reclining chairs.
    • Oversized bed with a plush mattress and solid frame.
    • Remodeled bathroom with excellent lighting, a new water heater, ample storage, and large mirrors.
    • Washing machine in the unit.
    • Ceramic tile floors throughout the condo, adding to the modern and clean feel.
    Flexible Layout: Currently configured as a 1-bedroom unit with a separate office area, the space can easily be converted into a 2-bedroom unit if needed. The existing bedroom is large, fully furnished, and features bright windows with panoramic views. Prime Location: Just north of the superhighway and only ½ kilometer from Lanna Hospital, this condo offers quick access to key areas:
    • 10 minutes to Central Festival and Arcade Bus Station.
    • 10 minutes to Maya Mall and Nimmanheimen.
    • 1 km from the superhighway, making it easy to travel throughout the city.
    This condo is located in a quiet, working-class neighborhood, perfect for those looking to immerse themselves in Thai culture while still being close to popular meeting spots. The complex has 246 units, with only a small number of expats, providing an ideal environment for those seeking a more authentic Thai living experience. Nearby Amenities:
    • Close to the Mae Ping River, with plenty of coffee shops and restaurants nearby.
    • Only 150 meters from the new Lanna Hospital site.
    Utilities & Fees:
    • HOA Fee: THB 1,331 per month
    • Electricity: Billed at government rates based on usage
    • Internet: Optional, with packages ranging from THB 195-600 per month (3BB and Sinet available)
    • Water: Typically under THB 180 per month
    This condo offers the perfect blend of comfort, convenience, and cultural immersion, making it a great choice for living or investment.

    Features

    Covered ParkingCovered Parking

    Basic Information

    Date Listed Oct 23, 2024
    Updated 4 weeks ago
    Property Type Condo
    Floor 6
    Bedroom 1
    Size 80 SqM
    Price per SqM £712
    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%.

    Foreign Quota
    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) Mountain View, City View, Garden View, Unblocked Open 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.
    £30/mo
    Listed By
    Private Owner
    Electricity Price N/A
    Water Price N/A
    Unit ID U1954296

    Investment Opportunity: Charges & Yield

    Sale Price
    £57,000
    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.
    £30/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 based on the estimated rental rate. To calculate this figure we use the average monthly rent rates (for 1-year contracts) from other 1 bedroom condos at Lanna Nakorn Condotown, and the current sales price.
    6%

    Project Details

    Project Name: Lanna Nakorn Condotown
    Developer: N/A
    Construction: Completed (Jan 2011)
    Floors: 7
    Buildings: N/A
    Units: 629
    Project Area: N/A
    Nearest Landmark Chiang Mai Bus Terminal 1 - 2.2 Km
    Location: Pa Tan, Chiang Mai
    Lanna Nakorn Condotown Project Details

    Project Features

    24H Security 24H Security
    Car Parking Car Parking

    Available Units at Lanna Nakorn Condotown

    For Sale 7 For Rent 1
    • All
    • Studio
    • 1 Bed
    Get notified when new homes are being added to Lanna Nakorn Condotown
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    Frequently Asked Questions

    No pets are allowed at Lanna Nakorn Condotown unless specifically permitted by the juristic office. Exceptions can be made for service or guide dogs for persons with disabilities.
    Chiang Mai Bus Terminal 1 is the nearest Bus Terminal from Lanna Nakorn Condotown and it is 2.2 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 Lanna Nakorn Condotown 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

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    Chiang Mai
    Pa Tan

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