3 Bedroom House for sale at Serene Park

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Ton Pao, San Kamphaeng,Chiang Mai
Unit ID: U1182986
5% Rental Yield
3 Bedrooms
3 Bathrooms
130 SqM Indoor Area
2 Storeys
Feb 2022 Completed

About This House

This property is a 130 SqM house with 3 bedrooms and 3 bathrooms that is available for sale. It is part of the project in Ton Pao, Chiang Mai and was completed in Feb 2022. You can buy this house for a base price of £66,000 (£507/SqM).

Serene Park Village, Ton Pao Subdistrict, San Kamphaeng District Road from five department stores to Prominada. The house is on the main road, Super Mae On Don Chan near the Sri Arun market area into town 10-15 minutes.

Features

Private GardenPrivate Garden TerraceTerrace Covered ParkingCovered Parking BalconyBalcony

Basic Information

Date Listed Dec 13, 2022
Updated 1 year ago
Property Type House (Single Detached)
Storeys 2
Location Ton Pao, Chiang Mai
Bedrooms 3
Nearest Landmark MAIIAM Contemporary Art Museum -3.8 Km
Indoor Area 130 SqM
Price per SqM £507
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 212 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.

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 (Feb 2022)
Furniture
Unfurnished
View(s) Garden View
Unit Type N/A
Parking Spots 2
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.
£181/mo
Listed By
Private Owner
Electricity Price N/A
Water Price N/A
Unit ID U1182986

Investment Opportunity: Charges & Yield

Sale Price
£66,000
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.
£181/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.
20
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 3 bedroom houses at Serene Park, and the current sales price.
5%

Project Details

Project Name: Serene Park
Developer: N/A
Construction: Completed (Feb 2022)
Units: 205
Project Area: N/A
Nearest Landmark MAIIAM Contemporary Art Museum - 3.8 Km
Location: Ton Pao, Chiang Mai
Serene Park Project Details

Project Features

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

Available Units at Serene Park

For Sale 8 For Rent 2
Get notified when new homes are being added to Serene Park
View All (8)

Loan Calculator

Frequently Asked Questions

All kind of pets are allowed at Serene Park including dogs, cats, rabbits, hamsters, guinea pigs, birds, and reptiles.
MAIIAM Contemporary Art Museum is the nearest Tourist Attraction from Serene Park and it is 3.8 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 Serene Park 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
Ton Pao

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby Serene Park

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
Ton Pao, San Kamphaeng, Chiang Mai
Number of units
363
Sales Prices
£77.3K - £292K
Monthly Rentals
N/A
Year Built
Jul 2023
Completion Status
Completed
Project Name
The Prego green
Location
Ton Pao, San Kamphaeng, Chiang Mai
Number of units
300
Sales Prices
£73.8K - £486K
▲ 2% overpriced
Monthly Rentals
£578 - £810
Year Built
Jun 2021
Completion Status
Completed
Project Name
The Esteem
Location
Ton Pao, San Kamphaeng, Chiang Mai
Number of units
108
Sales Prices
£64.6K - £204K
▼ -20% underpriced
Monthly Rentals
£694 - £810
Year Built
Dec 2015
Completion Status
Completed
Location
Ton Pao, San Kamphaeng, Chiang Mai
Number of units
145
Sales Prices
£47.9K - £68.3K
Monthly Rentals
£220 - £1.16K
Year Built
N/A
Completion Status
Off Plan
Project Name
Chiang Mai View 1
Location
Ton Pao, San Kamphaeng, Chiang Mai
Number of units
N/A
Sales Prices
£179K
Monthly Rentals
N/A
Year Built
Oct 2022
Completion Status
Completed
Location
San Kamphaeng, San Kamphaeng, Chiang Mai
Number of units
121
Sales Prices
£85.6K - £110K
Monthly Rentals
£810
Year Built
Feb 2022
Completion Status
Completed
Project Name
Karnkanok 1
Location
San Kamphaeng, San Kamphaeng, Chiang Mai
Number of units
156
Sales Prices
£85.4K
Monthly Rentals
£764
Year Built
Dec 2014
Completion Status
Completed
Project Name
City Home Place 3
Location
Ton Pao, San Kamphaeng, Chiang Mai
Number of units
163
Sales Prices
£69.4K
Monthly Rentals
N/A
Year Built
N/A
Completion Status
Completed
Project Name
Baan Narasiri
Location
Ton Pao, San Kamphaeng, Chiang Mai
Number of units
70
Sales Prices
£106K
Monthly Rentals
N/A
Year Built
Dec 2013
Completion Status
Completed
Project Name
Sivalai Village 4
Location
Ton Pao, San Kamphaeng, Chiang Mai
Number of units
375
Sales Prices
£69.2K - £278K
▼ -11% underpriced
Monthly Rentals
£532 - £833
Year Built
Dec 2009
Completion Status
Completed
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