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

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 £64,900 (£1,860/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 7 months ago
Property Type Condo
Floor 2
Bedroom 1
Size 35 SqM
Price per SqM £1,860
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.
£11/mo
Listed By
Private Owner
Electricity Price N/A
Water Price N/A
Unit ID U1769390

Investment Opportunity: Charges & Yield

Sale Price
£64,900
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.
£11/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 14 For Rent 3
Available Units at N8 Serene Lake
£82,000
£1,640/SqM
Beds 1 Beds
Baths 1 Baths
Size 50 SqM Size
Floor 7 Floor
Fully Furnished Mountain View
Available Units at N8 Serene Lake
£171,000
£2,340/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
£165,000
£2,260/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
£61,500
£1,760/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
£79,700
£1,990/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
£79,700
£2,220/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
£64,900
£1,860/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
£68,100
£1,950/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
£86,600
£1,730/SqM
Beds 1 Beds
Baths 1 Baths
Size 50 SqM Size
Floor 4 Floor
Fully Furnished Mountain View
Available Units at N8 Serene Lake
£59,200
£1,690/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
£61,500
£1,760/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
£66,100
£1,840/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
£87,700
£2,460/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
£159,000
£2,180/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
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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

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
Mae Hia, Mueang Chiang Mai, Chiang Mai
Number of units
78
Sales Prices
£681K
Monthly Rentals
£5K
Year Built
Dec 2021
Completion Status
Completed
Location
Mae Hia, Mueang Chiang Mai, Chiang Mai
Number of units
236
Sales Prices
£182K - £295K
▲ 2% overpriced
Monthly Rentals
£795 - £1.11K
Year Built
Jan 2007
Completion Status
Completed
Location
Mae Hia, Mueang Chiang Mai, Chiang Mai
Number of units
69
Sales Prices
£45.4K - £74.9K
▼ -25% underpriced
Monthly Rentals
£182 - £284
Year Built
Jan 2013
Completion Status
Completed
Project Name
Karnkanok 21
Location
Mae Hia, Mueang Chiang Mai, Chiang Mai
Number of units
401
Sales Prices
£67.9K
Monthly Rentals
£568 - £954
Year Built
Dec 2013
Completion Status
Completed
Location
Mae Hia, Mueang Chiang Mai, Chiang Mai
Number of units
292
Sales Prices
£39.7K
Monthly Rentals
N/A
Year Built
N/A
Completion Status
Completed
Location
Mae Hia, Mueang Chiang Mai, Chiang Mai
Number of units
226
Sales Prices
£154K - £284K
▼ -25% underpriced
Monthly Rentals
£681 - £1.36K
Year Built
Dec 2013
Completion Status
Completed
Location
Mae Hia, Mueang Chiang Mai, Chiang Mai
Number of units
60
Sales Prices
£30.7K - £34.1K
▼ -21% underpriced
Monthly Rentals
£159
Year Built
Jan 2015
Completion Status
Completed
Location
Mae Hia, Mueang Chiang Mai, Chiang Mai
Number of units
79
Sales Prices
£63.6K - £179K
▼ -3% underpriced
Monthly Rentals
£272 - £681
Year Built
Jun 2011
Completion Status
Completed
Location
Mae Hia, Mueang Chiang Mai, Chiang Mai
Number of units
170
Sales Prices
£55.6K - £86.3K
Monthly Rentals
£341 - £522
Year Built
Jan 2016
Completion Status
Completed
Project Name
Siwalee Lakeview
Location
Mae Hia, Mueang Chiang Mai, Chiang Mai
Number of units
179
Sales Prices
£200K - £585K
▲ 24% overpriced
Monthly Rentals
£908 - £1.09K
Year Built
Feb 2014
Completion Status
Completed
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