2 Bedroom Townhouse for sale at Pimmada Home

(1 Review)
San Sai Noi, San Sai,Chiang Mai
Unit ID: U160260
5% Rental Yield
2 Bedrooms
3 Bathrooms
110 SqM Indoor Area
2 Storeys
May 2018 Completed

About This Townhouse

This property is a 110 SqM townhouse with 2 bedrooms and 3 bathrooms that is available for sale. It is part of the project in San Sai Noi, Chiang Mai and was completed in May 2018. You can buy this townhouse for a base price of £81,500 (£741/SqM).

Features

TerraceTerrace BalconyBalcony

Basic Information

Date Listed Oct 9, 2019
Updated 4 years ago
Property Type Townhouse
Storeys 2
Location San Sai Noi, Chiang Mai
Bedrooms 2
Nearest Landmark Chiang Mai Bus Terminal 2 Arcade -4.3 Km
Indoor Area 110 SqM
Price per SqM £741
Outdoor Area
This is the combined size of the terrace, pool, parking area, and sala. It does not include the size of the garden.
N/A
Plot Size 140 SqM
Pets Not Allowed
Townhouse Ownership

Foreign nationals can own the building (townhouse) in their own name, but not the land that it stands on.

Thai Ownership
Land Ownership

Foreign nationals cannot own land in Thailand. The options in which a foreigner can control the land are via a 30-year lease or by purchasing the land through a Thai company.

Thai Ownership
Land Title Deed Chanote
Construction Completed (May 2018)
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) Blocked View
Unit Type N/A
Parking Spots 1
Pool Size 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
Private Owner
Electricity Price N/A
Water Price N/A
Unit ID U160260

Investment Opportunity: Charges & Yield

Sale Price
£81,500
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.
22
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 townhouses at Pimmada Home, and the current sales price.
5%

Project Details

Project Name: Pimmada Home
Developer: N/A
Construction: Completed (May 2018)
Units: 30
Project Area: N/A
Nearest Landmark Chiang Mai Bus Terminal 2 Arcade - 4.3 Km
Location: San Sai Noi, Chiang Mai
Pimmada Home Project Details

Project Features

24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Car Parking Car Parking

Available Units at Pimmada Home

For Sale 3 For Rent 1
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Frequently Asked Questions

Chiang Mai Bus Terminal 2 Arcade is the nearest Bus Terminal from Pimmada Home and it is 4.3 km away.

The building (the bricks and mortar) can be owned by a non-Thai national outright in their name in what is called the house registry which secures ownership indefinitely of the structure. 

In Thailand, non-Thai nationals cannot own land outright in their name. Land can be controlled through either a Thai Company or a long-term registered lease. The longest registered lease term by Thai law is 30 years, and most developers will offer 3 terms for a total of 90 years.

 

Read more here

After you have found the right property at Pimmada Home you have to follow these steps:

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


Read more here

A 30-year lease period is legally protected under Thai law and ownership cannot be disrupted. It is common for developers to offer an additional two terms of 30 contractually obligating a total of 90 years. 

Prior to purchasing a leasehold property, it is important to secure a copy of the lease agreement or get further clarity on these three points.

  • - Who is the lessor? (an individual or a Thai Company) Securing a lease from a Thai Company offers much more security than a private individual.

  • - Do I have voting rights as a Lessee? (Some lease contracts do not allow lessee to have voting rights)

  • - Is there a succession clause in the lease agreement that will allow inheritance of the lease?

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 out of 5
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
New townhome, convenient location
Kwan Jai, Thailand, 3 years ago
The project was built in a modern design, and the price is reasonable. The use of wood and steel is emphasized. It's a small-scale project hidden in San Sai Subdistrict. The location is excellent and easy to travel to. There are several marts and tasty bistros nearby. HomePro San Sai Chiang Mai, San Sai Luang Municipal Offices, and San Sai Kindergarten are all around 5 kilometers away. I'd recommend it to those looking for a townhouse at an affordable price.
Chiang Mai
San Sai Noi

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby Pimmada Home

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Number of units
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Location
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Location
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Year Built
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Completion Status
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Location
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Completion Status
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