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    2 Bedroom Condo for sale at Peaks Avenue
    Chang Khlan, Mueang Chiang Mai,Chiang Mai
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    Sale Price
    £294,000
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    2 Bedroom Condo for sale at Peaks Avenue

    (6 Reviews)
    Chang Khlan, Mueang Chiang Mai,Chiang Mai
    Unit ID: U1933132
    6% Rental Yield
    2 Bedrooms
    2 Bathrooms
    116.52 SqM Size
    4 Floor
    Dec 2015 Completed
    (6 Reviews)
    Sale Price
    £294,000
    10

    About This Condo

    This property is a 116.52 SqM condo with 2 bedrooms and 2 bathrooms that is available for sale. It is part of the project in Chang Khlan, Chiang Mai and was completed in Dec 2015. You can buy this condo for a base price of £294,000 (£2,520/SqM).

    Features

    DuplexDuplex BalconyBalcony

    Basic Information

    Date Listed Sep 23, 2024
    Updated 1 month ago
    Property Type Condo
    Floor 4
    Bedrooms 2
    Size 116.52 SqM
    Price per SqM £2,520
    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, Company
    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 2BR
    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.
    £132/mo
    Listed By
    Developer
    Electricity Price N/A
    Water Price N/A
    Unit ID U1933132

    Investment Opportunity: Charges & Yield

    Sale Price
    £294,000
    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.
    £132/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.
    16
    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 2 bedroom condos at Peaks Avenue, and the current sales price.
    6%

    Project Details

    Project Name: Peaks Avenue
    Developer: Saha Asia Pacific Co., Ltd.
    Construction: Completed (Dec 2015)
    Floors: 8
    Buildings: 1
    Units: 28
    Project Area: 1,600 SqM
    Nearest Landmark Warorot Market - 1.2 Km
    Location: Chang Khlan, Chiang Mai
    Peaks Avenue Project Details

    Project Features

    Hotel Managed Hotel Managed
    Communal Pool Communal Pool
    Jacuzzi Jacuzzi
    Communal Gym Communal Gym
    24H Security 24H Security
    CCTV (Video Surveillance) CCTV (Video Surveillance)
    Car Parking Car Parking
    Sauna Sauna
    Reception / Lobby Area Reception / Lobby Area

    Popular Facilities at Peaks Avenue

    • All
    • Fitness
    • Leisure
    • Convenience
    3
    • Communal Pool
      Ground Floor
    • Communal Gym
      Ground Floor
    • Reception / Lobby Area
      Ground Floor

    Available Units at Peaks Avenue

    For Sale 6 For Rent 3
    • All
    • 1 Bed
    • 2 Beds
    Get notified when new homes are being added to Peaks Avenue
    View All (6)

    Loan Calculator

    Payment Plan

    Payment Plan
    Installment Milestone Payment
    Reservation Deposit
    Immediately
    10%
    1st Installment
    Upon contract signing
    40%
    2nd Installment
    On handover
    50%

    Frequently Asked Questions

    No pets are allowed at Peaks Avenue unless specifically permitted by the juristic office. Exceptions can be made for service or guide dogs for persons with disabilities.
    The common area maintenance fee is £1 per square meter based on the size of indoor area of the property and is £132 for this condo. This fee has to be paid by owners for the upkeep of the common areas of the project. For new residential developments, it is common to pay up to 1-3 years’ common area maintenance fees in advance upon the transfer of the properties' ownership.
    For new projects, the buyer pays a one-off lump sum upon transfer of the property from the developer to the buyer. This fund is to be used for major renovations and replacement of equipment when necessary, to ensure the maintenance of the building and the common area. At Peaks Avenue the required payment for the sinking fund is £11 per square meter based on the size of the indoor area of the property.
    Warorot Market is the nearest Market from Peaks Avenue and it is 1.2 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 Peaks Avenue you have to follow these steps:

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

     


    Payment Plan
    Installment Milestone Payment
    Reservation Deposit
    Immediately
    10%
    1st Installment
    Upon contract signing
    40%
    2nd Installment
    On handover
    50%

    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

    4.2 out of 5
    Based on
    6 Reviews
    Maintenance
    Staff / Security
    Facilities on Site
    Quality of Finishing
    Value for Money
    Location
    + Write a review
    Although it is a small condo, it is luxurious and expensive
    Jacob Vestine, Denmark, 4 years ago
    This condo is near Night Bazaar Market, colorful at night, and there are many temples in the neighborhood. You will like it for sure because it is very safe and not as crowded as Bangkok. Plus, the prices of various things are not expensive at all. However, I choose to stay at a condo here because it's easy to travel. Moreover, the project site provides a full range of facilities, and there is a service in the hotel-management, so the service is very good. Furthermore, there is a swimming pool, a sauna, and a fitness room. Although the price is expensive, it is worth the price !!
    Clean rooms and quality, suitable for the price
    Domenica Cosgrove, Canada, 4 years ago
    It's a pleasant and memorable stay. My friends and I stayed here last month. It is a very luxurious condo with beautiful room decor. There is also a complete range of facilities. The prices are also reasonable. The rooftop pool is crystal clear water and a seating and relaxation area. However, it is quite hot during the day. I recommend having a seat in the afternoon or evening would be better. The project location is convenient to travel to and close to Chiang Mai City. I love this place as we can relax privately and it is not crowded.
    Modern condo in Chiang Mai
    Tanya K., Thailand, 5 years ago
    Excellent modern condo located within walking distance of Chiang Mai night market and only 25 minutes drive from the city center. The project has a rooftop swimming pool, recreation area, 24-hour security system with electronic access control systems. It has very safe standards as well. I rented this condo for several weeks, 1 bedroom size, which is the perfect size for being alone.
    A great condo not far from the city
    Lisa Boucher, France, 5 years ago
    It was the right decision to buy it here. My room is 2-bedroom with modern decoration but simple. As my room is a duplex, the first floor is a living area with a high ceiling to make the entire space airy and magnificent. The second floor has bedrooms. I think the room layout is well divided. Conveniently located not far from the city, and only 10 minutes drive to the old city moat.
    Luxury condo, near tourist attraction
    Anuwat K., Thailand, 5 years ago
    Peaks Avenue is a luxury condo in Chiang Mai city center. Located in a very convenient location, the project is close to tourist attractions such as Tha Phae Gate and Wualai Walking Street. The project focuses on modernity and luxury. A one-bedroom duplex has a unique layout and complete functions, decorated with furniture from a leading brand. In the project, there are also many facilities such as a reception, a swimming pool, a jacuzzi, and parking space, etc. The price here is a bit high compared to other projects.
    Stylish condo
    Janny Low, Singapore, 6 years ago
    I reviewed the project yesterday, and I love it. The condo is stylish, simple, and elegant, so I decided to reserve it. It can be a bit pricy but understandable for many reasons. The property only has a small number of the unit. The unit I booked is a 2-bedroom type at 120 sq.m. You can see the mountains in the distance from every room, suitable for relaxation. I love that it makes me feel safe, like living in a house; it's also peaceful and private, not like other condos. The decoration materials are luxurious with high quality; the built-in kitchen is nice as well. The common area is luxurious, with the receptionist welcoming the residents. Most of the facilities occupy the entire rooftop, including a pool, a gym, a sauna, a garden with a mountain view. Feel like traveling to Japan, love it! From the project, I can walk to Tha Pea Gate and nearby attractions in about 20 minutes.
    Chiang Mai
    Chang Khlan

    Neighborhood Overview

    Location and Neighborhood

    Street View

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