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    1 Bedroom Condo for sale at N8 Serene Lake
    Mae Hia, Mueang Chiang Mai,Chiang Mai
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    Sale Price
    £65,900
    Schedule Viewing

    1 Bedroom Condo for sale at N8 Serene Lake

    (2 Reviews)
    Mae Hia, Mueang Chiang Mai,Chiang Mai
    Unit ID: U1769390
    6% Rental Yield
    Tenant-Occupied until Feb 28, 2025
    1 Bedroom
    1 Bathroom
    35 SqM Size
    2 Floor
    Dec 2013 Completed
    (2 Reviews)
    Sale Price
    £65,900
    5

    About This Condo

    This property is a 35 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the project in Mae Hia, Chiang Mai and was completed in Dec 2013. You can buy this condo for a base price of £65,900 (£1,880/SqM).

    An enticing investment awaits! This condo is currently on sale with a secure tenant under a 1-year contract, expiring in February 2025, at a favorable rental rate of 9000 THB per month. Considering the market's potential for rental price appreciation, with rates soaring up to 12,000 THB, this property offers not just immediate returns but also the promise of increased profitability in the future. Seize this opportunity to own a valuable asset with a lucrative rental income stream!

    Features

    BalconyBalcony MicrowaveMicrowave TVTV

    Basic Information

    Date Listed Mar 25, 2024
    Updated 8 months ago
    Property Type Condo
    Floor 2
    Bedroom 1
    Size 35 SqM
    Price per SqM £1,880
    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%.

    Thai 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) Garden 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.
    £12/mo
    Listed By
    Private Owner
    Electricity Price N/A
    Water Price N/A
    Unit ID U1769390

    Investment Opportunity: Charges & Yield

    Sale Price
    £65,900
    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.
    £12/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.
    17
    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 N8 Serene Lake, and the current sales price.
    6%

    Project Details

    Project Name: N8 Serene Lake
    Developer: N/A
    Construction: Completed (Dec 2013)
    Floors: 7
    Buildings: N/A
    Units: 69
    Project Area: 3,042 SqM
    Nearest Landmark Chiang Mai International Airport - 2.2 Km
    Location: Mae Hia, Chiang Mai
    N8 Serene Lake Project Details

    Project Features

    Communal Pool Communal Pool
    Communal Gym Communal Gym
    Clubhouse Clubhouse
    24H Security 24H Security
    CCTV (Video Surveillance) CCTV (Video Surveillance)
    Car Parking Car Parking
    Tennis Court Tennis Court

    Available Units at N8 Serene Lake

    For Sale 15 For Rent 3
    • All
    • 1 Bed
    • 2 Beds
    Available Units at N8 Serene Lake
    £73,000
    £1,830/SqM
    Beds 1 Beds
    Baths 1 Baths
    Size 40 SqM Size
    Floor 7 Floor
    Foreign Quota Fully Furnished City View
    Updated 3 weeks ago
    Available Units at N8 Serene Lake
    £162,000
    £2,220/SqM
    Beds 2 Beds
    Baths 2 Baths
    Size 73.03 SqM Size
    Floor 7 Floor
    Foreign Quota Fully Furnished Lake View
    Available Units at N8 Serene Lake
    £83,300
    £1,670/SqM
    Beds 1 Beds
    Baths 1 Baths
    Size 50 SqM Size
    Floor 7 Floor
    Fully Furnished Mountain View
    Available Units at N8 Serene Lake
    £62,500
    £1,780/SqM
    Beds 1 Beds
    Baths 1 Baths
    Size 35 SqM Size
    Floor 2 Floor
    Foreign Quota Fully Furnished Garden View
    Available Units at N8 Serene Lake
    £81,000
    £2,250/SqM
    Beds 1 Beds
    Baths 1 Baths
    Size 36 SqM Size
    Floor 2 Floor
    Thai Quota Fully Furnished Garden View
    Available Units at N8 Serene Lake
    £174,000
    £2,380/SqM
    Beds 2 Beds
    Baths 2 Baths
    Size 73.03 SqM Size
    Floor 6 Floor
    Foreign Quota Partly Furnished Lake View
    Available Units at N8 Serene Lake
    £81,000
    £2,020/SqM
    Beds 1 Beds
    Baths 1 Baths
    Size 40 SqM Size
    Floor 3 Floor
    Foreign Quota Fully Furnished Garden View
    Available Units at N8 Serene Lake
    £65,900
    £1,880/SqM
    Beds 1 Beds
    Baths 1 Baths
    Size 35 SqM Size
    Floor 2 Floor
    Thai Quota Fully Furnished Garden View
    Available Units at N8 Serene Lake
    £69,200
    £1,980/SqM
    Beds 1 Beds
    Baths 1 Baths
    Size 35 SqM Size
    Floor 4 Floor
    Foreign Quota Fully Furnished Lake View
    Available Units at N8 Serene Lake
    £87,900
    £1,760/SqM
    Beds 1 Beds
    Baths 1 Baths
    Size 50 SqM Size
    Floor 4 Floor
    Fully Furnished Mountain View
    Available Units at N8 Serene Lake
    £60,100
    £1,710/SqM
    Great Price
    Beds 1 Beds
    Baths 1 Baths
    Size 35.15 SqM Size
    Thai Quota Unblocked Open View
    Available Units at N8 Serene Lake
    £62,500
    £1,790/SqM
    Great Price
    Beds 1 Beds
    Baths 1 Baths
    Size 34.99 SqM Size
    Floor 5 Floor
    Thai Quota Partly Furnished Garden View
    Available Units at N8 Serene Lake
    £67,100
    £1,870/SqM
    Great Price
    Beds 1 Beds
    Baths 1 Baths
    Size 35.85 SqM Size
    Floor 2 Floor
    Thai Quota Fully Furnished Garden View
    Available Units at N8 Serene Lake
    £89,100
    £2,500/SqM
    Beds 1 Beds
    Baths 1 Baths
    Size 35.67 SqM Size
    Floor 4 Floor
    Thai Quota Fully Furnished River or Canal View
    Available Units at N8 Serene Lake
    £162,000
    £2,220/SqM
    Beds 2 Beds
    Baths 2 Baths
    Size 73.07 SqM Size
    Floor 2 Floor
    Thai Quota Fully Furnished Garden View
    Get notified when new homes are being added to N8 Serene Lake
    View All (15)

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    Frequently Asked Questions

    No pets are allowed at N8 Serene Lake unless specifically permitted by the juristic office. Exceptions can be made for service or guide dogs for persons with disabilities.
    Chiang Mai International Airport is the nearest Airport from N8 Serene Lake 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 N8 Serene Lake 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

    4.5 out of 5
    Based on
    2 Reviews
    Maintenance
    Staff / Security
    Facilities on Site
    Quality of Finishing
    Value for Money
    Location
    + Write a review
    Very nice location and scenery of Chiangmai close to airport
    Verified Former Resident, 4 years ago
    I used to lived in serene lake for about 6 years there are so many restaurant near maehia now these days such as the goodview and also its close to Big c and ripping also if u take the underground tunnel outer ring u can quickly arrive at central festival.
    A quality condo project in Chiang Mai
    Ping W., Thailand, 6 years ago
    I could say that this place is excellent. It is very beautiful and modern. I like it very much! The room is very spacious, comes in a perfect size, and is divided into proportions. It is also decorated with durable luxury furniture. It is so cozy. I think this place suits those who love privacy because there are only 60 units, not crowded at all. There are also good facilities here, such as a clubhouse, fitness center, swimming pool, tennis court. It is also close to Hang Dong Market and takes just 8 minutes from the airport. It is considered a condo with a great location.
    Chiang Mai
    Mae Hia

    Neighborhood Overview

    Location and Neighborhood

    Street View

    Projects Nearby N8 Serene Lake

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    Project Name
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    Project Name
    Mantana Serene Lake Chiangmai
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    Monthly Rentals
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    Year Built
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    Project Name
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    Number of units
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    Monthly Rentals
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    Year Built
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    Project Name
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    Location
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    Number of units
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    Monthly Rentals
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    Completion Status
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    Number of units
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    Sales Prices
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    Monthly Rentals
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    Year Built
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    Completion Status
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    Number of units
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    Sales Prices
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    Monthly Rentals
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    Year Built
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    Completion Status
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    Projects Nearby N8 Serene Lake
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    Grand Siritara Condo
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    Siwalee Lakeview
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