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    3 Bedroom House for sale at Setthasiri SanSai
    Nong Chom, San Sai,Chiang Mai
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    Sale Price
    £156,000
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    3 Bedroom House for sale at Setthasiri SanSai

    (1 Review)
    Nong Chom, San Sai,Chiang Mai
    Unit ID: U1884268
    7% Rental Yield
    Tenant-Occupied until Nov 1, 2025
    3 Bedrooms
    3 Bathrooms
    160 SqM Indoor Area
    2 Storeys
    Apr 2015 Completed
    (1 Review)
    Sale Price
    £156,000
    37

    About This House

    This property is a 160 SqM house with 3 bedrooms and 3 bathrooms that is available for sale. It is part of the project in Nong Chom, Chiang Mai and was completed in Apr 2015. You can buy this house for a base price of £156,000 (£976/SqM) and it is also available for long term rentals starting from £879 per month.

    Features

    Media Room/CinemaMedia Room/Cinema Pool AccessPool Access Private GardenPrivate Garden TerraceTerrace Covered ParkingCovered Parking BalconyBalcony

    Basic Information

    Date Listed Jun 27, 2024
    Updated 2 months ago
    Property Type House (Single Detached)
    Storeys 2
    Location Nong Chom, Chiang Mai
    Bedrooms 3
    Nearest Landmark Chiang Mai Bus Terminal 2 Arcade -5 Km
    Indoor Area 160 SqM
    Price per SqM £976
    Outdoor Area
    This is the combined size of the terrace, pool, parking area, and sala. It does not include the size of the garden.
    50 SqM
    Plot Size 220 SqM
    Pets Cats and Dogs (small only)
    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 (Apr 2015)
    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) Mountain View, 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.
    £35/mo
    Listed By
    Private Owner
    Electricity Price N/A
    Water Price N/A
    Unit ID U1884268

    Investment Opportunity: Charges & Yield

    Sale Price
    £156,000
    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.
    £35/mo
    Rent
    £879/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.
    15
    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.
    7%

    Project Details

    Project Name: Setthasiri SanSai
    Developer: Sansiri
    Construction: Completed (Feb 2016)
    Units: 160
    Project Area: N/A
    Nearest Landmark Chiang Mai Bus Terminal 2 Arcade - 5 Km
    Location: Nong Chom, Chiang Mai
    Setthasiri SanSai Project Details

    Project Features

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

    Available Units at Setthasiri SanSai

    For Sale 11 For Rent 8
    • All
    • 3 Beds
    • 4 Beds
    Get notified when new homes are being added to Setthasiri SanSai
    View All (11)

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    Frequently Asked Questions

    All kind of pets are allowed at Setthasiri SanSai including dogs, cats, rabbits, hamsters, guinea pigs, birds, and reptiles.
    The common area maintenance fee for properties at Setthasiri SanSai is a fixed amount of £35. This amount 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.
    Chiang Mai Bus Terminal 2 Arcade is the nearest Bus Terminal from Setthasiri SanSai and it is 5 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 Setthasiri SanSai 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

    5 out of 5
    Based on
    1 Review
    Maintenance
    Staff / Security
    Facilities on Site
    Quality of Finishing
    Value for Money
    Location
    + Write a review
    An excellent and quiet project
    Kate Pradit, Thailand, 4 years ago
    I would like to recommend this project very much. It's very quiet and suitable for relaxing. The atmosphere is great. My mother came to rest for two weeks. She was so impressed that she didn't go back to Bangkok. Besides the atmosphere, the security system here is also excellent. Also, non-residents have to exchange their entry-exit cards all the time. There are a clubhouse, a swimming pool, a fitness center, and other services. The after-sales service of the project is very attentive to customers. You can't go wrong with deciding to buy this project. The project is next to the main road, near the fresh market and Tesco Lotus Ruamchok, which takes about 5 minutes to drive away.
    Chiang Mai
    Nong Chom

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