3 Bedroom House for sale at Baan Jai Kaew Arawan 31

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Nong Hoi, Mueang Chiang Mai,Chiang Mai
Unit ID: U1927700
9% Rental Yield
3 Bedrooms
3 Bathrooms
144 SqM Indoor Area
2 Storeys
Completed

About This House

This property is a 144 SqM house with 3 bedrooms and 3 bathrooms that is available for sale. It is part of the project in Nong Hoi, Chiang Mai. You can buy this house for a base price of £127,000 (£884/SqM) and it is also available for long term rentals starting from £926 per month.

Features

TerraceTerrace Covered ParkingCovered Parking BalconyBalcony MicrowaveMicrowave TVTV

Basic Information

Date Listed Sep 5, 2024
Updated 2 weeks ago
Property Type House (Single Detached)
Storeys 2
Location Nong Hoi, Chiang Mai
Bedrooms 3
Nearest Landmark Varee Chiang Mai School -1.4 Km
Indoor Area 144 SqM
Price per SqM £884
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 200 SqM
Pets All Kind of Pets Allowed
House Ownership

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

N/A
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.

N/A
Land Title Deed N/A
Construction Completed
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 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 U1927700

Investment Opportunity: Charges & Yield

Sale Price
£127,000
Rent
£926/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.
11
Rental Yield
This is the gross rental yield. To calculate this figure we use the advertised monthly rent rate (for a 1-year contract) and the current sales price.
9%

Project Details

Project Name: Baan Jai Kaew Arawan 31
Developer: N/A
Construction: Completed
Units: 29
Project Area: N/A
Nearest Landmark Varee Chiang Mai School - 1.4 Km
Location: Nong Hoi, Chiang Mai
Baan Jai Kaew Arawan 31 Project Details

Project Features

24H Security 24H Security
Car Parking Car Parking

Available Units at Baan Jai Kaew Arawan 31

For Sale 1 For Rent 2
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Frequently Asked Questions

All kind of pets are allowed at Baan Jai Kaew Arawan 31 including dogs, cats, rabbits, hamsters, guinea pigs, birds, and reptiles.
Varee Chiang Mai School is the nearest Local School from Baan Jai Kaew Arawan 31 and it is 1.4 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 Baan Jai Kaew Arawan 31 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

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Chiang Mai
Nong Hoi

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby Baan Jai Kaew Arawan 31

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
Nong Hoi, Mueang Chiang Mai, Chiang Mai
Number of units
80
Sales Prices
£315K
Monthly Rentals
£1.03K
Year Built
Dec 2020
Completion Status
Completed
Location
Nong Hoi, Mueang Chiang Mai, Chiang Mai
Number of units
56
Sales Prices
£148K
▼ -25% underpriced
Monthly Rentals
£571 - £799
Year Built
May 2010
Completion Status
Completed
Project Name
The Rich Condo
Location
Nong Hoi, Mueang Chiang Mai, Chiang Mai
Number of units
72
Sales Prices
£37.7K - £40.4K
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N/A
Year Built
Sep 2015
Completion Status
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Year Built
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Completion Status
Completed
Location
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Number of units
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£45.4K - £247K
Monthly Rentals
£274 - £571
Year Built
Jan 2019
Completion Status
Completed
Location
Nong Phueng, Mueang Chiang Mai, Chiang Mai
Number of units
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Sales Prices
£262K - £1.94M
▲ 17.7% overpriced
Monthly Rentals
N/A
Year Built
Dec 2021
Completion Status
Completed
Project Name
The Urbana 1
Location
Tha Sala, Mueang Chiang Mai, Chiang Mai
Number of units
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Sales Prices
£72.8K - £502K
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Monthly Rentals
£331 - £913
Year Built
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Completion Status
Completed
Project Name
Baan Karnkanok 12
Location
Nong Phueng, Mueang Chiang Mai, Chiang Mai
Number of units
315
Sales Prices
£130K - £171K
▼ -41% underpriced
Monthly Rentals
£571 - £1.19K
Year Built
Aug 2018
Completion Status
Completed
Project Name
Palm Spring Place
Location
Nong Hoi, Mueang Chiang Mai, Chiang Mai
Number of units
182
Sales Prices
£126K
Monthly Rentals
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Year Built
Jan 2009
Completion Status
Completed
Location
Nong Hoi, Mueang Chiang Mai, Chiang Mai
Number of units
72
Sales Prices
£63.7K
Monthly Rentals
£194
Year Built
May 2020
Completion Status
Completed
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