2 Bedroom Condo for sale at Rimping Condominium

 (Write Review)
Wat Ket, Mueang Chiang Mai,Chiang Mai
Unit ID: U1974027
5% Rental Yield
2 Bedrooms
2 Bathrooms
125 SqM Size
8 Floor
Apr 1998 Completed

About This Condo

This property is a 125 SqM condo with 2 bedrooms and 2 bathrooms that is available for sale. It is part of the project in Wat Ket, Chiang Mai and was completed in Apr 1998. You can buy this condo for a base price of £128,000 (£1,020/SqM).

Features

Pool AccessPool Access

Basic Information

Date Listed Nov 23, 2024
Updated 1 month ago
Property Type Condo
Floor 8
Bedrooms 2
Size 125 SqM
Price per SqM £1,020
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%.

N/A
Furniture
Partly furnished means the property contains the basics i.e. beds, sofa, table and chairs, wardrobes but no electronic appliances, utensils and glassware in the kitchen.
Partly Furnished
View(s) River or Canal View, Mountain View, City 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.
N/A
Listed By
Each listing provided by partnered agents is individually verified by LivePhuket. Partner Agents work for different brokerages or property management companies but have teamed up with LivePhuket so that we can provide you a wider choice of properties
Agent / Partner
Electricity Price N/A
Water Price N/A
Unit ID U1974027

Investment Opportunity: Charges & Yield

Sale Price
£128,000
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.
19
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 Rimping Condominium, and the current sales price.
5%

Project Details

Project Name: Rimping Condominium
Developer: N/A
Construction: Completed (Apr 1998)
Floors: 21
Buildings: N/A
Units: 590
Project Area: N/A
Nearest Landmark Muang Mai Market - 0.4 Km
Location: Wat Ket, Chiang Mai
Rimping Condominium Project Details

Project Features

Communal Pool Communal Pool
Communal Gym Communal Gym
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Car Parking Car Parking
Sauna Sauna

Available Units at Rimping Condominium

For Sale 2 For Rent 4
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Frequently Asked Questions

No pets are allowed at Rimping Condominium unless specifically permitted by the juristic office. Exceptions can be made for service or guide dogs for persons with disabilities.
Muang Mai Market is the nearest Market from Rimping Condominium and it is 0.4 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 Rimping Condominium 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
Wat Ket

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby Rimping Condominium

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
Wat Ket, Mueang Chiang Mai, Chiang Mai
Number of units
37
Sales Prices
£278K
Monthly Rentals
£1.28K
Year Built
Jun 2022
Completion Status
Completed
Location
Chang Khlan, Mueang Chiang Mai, Chiang Mai
Number of units
220
Sales Prices
£32.2K
▼ -11% underpriced
Monthly Rentals
£209 - £290
Year Built
Jan 1998
Completion Status
Completed
Project Name
The Erawan Condo
Location
Chang Khlan, Mueang Chiang Mai, Chiang Mai
Number of units
84
Sales Prices
£93.8K - £315K
▼ -24% underpriced
Monthly Rentals
N/A
Year Built
Dec 2021
Completion Status
Completed
Location
Chang Khlan, Mueang Chiang Mai, Chiang Mai
Number of units
44
Sales Prices
£278K - £626K
▼ -14.7% underpriced
Monthly Rentals
£2.78K
Year Built
Sep 2016
Completion Status
Completed
Location
Pa Tan, Mueang Chiang Mai, Chiang Mai
Number of units
211
Sales Prices
£23.2K - £27.4K
Monthly Rentals
N/A
Year Built
Jan 1991
Completion Status
Completed
Project Name
Peaks Garden
Location
Chang Khlan, Mueang Chiang Mai, Chiang Mai
Number of units
77
Sales Prices
£77.7K - £348K
▼ -30% underpriced
Monthly Rentals
£441 - £626
Year Built
Dec 2006
Completion Status
Completed
Project Name
Peaks Avenue
Location
Chang Khlan, Mueang Chiang Mai, Chiang Mai
Number of units
28
Sales Prices
£139K - £301K
▼ -23.3% underpriced
Monthly Rentals
£1.16K - £1.62K
Year Built
Dec 2015
Completion Status
Completed
Project Name
Twin Peaks
Location
Chang Khlan, Mueang Chiang Mai, Chiang Mai
Number of units
79
Sales Prices
£98.5K - £533K
▲ 7% overpriced
Monthly Rentals
£348 - £1.28K
Year Built
Dec 2012
Completion Status
Completed
Project Name
The IVORY
Location
Chang Phueak, Mueang Chiang Mai, Chiang Mai
Number of units
231
Sales Prices
£69.6K - £102K
Monthly Rentals
N/A
Year Built
Jan 2027
Completion Status
Off Plan
Project Name
Supanich Condo
Location
Wat Ket, Mueang Chiang Mai, Chiang Mai
Number of units
40
Sales Prices
£36.9K - £56.8K
Monthly Rentals
£464
Year Built
Dec 2005
Completion Status
Completed
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