3 Bedroom House for sale at Siwalee Meechok

(1 Review)
San Phisuea, Mueang Chiang Mai,Chiang Mai
Unit ID: U655354
6% Rental Yield
3 Bedrooms
3 Bathrooms
150 SqM Indoor Area
2 Storeys
Dec 2013 Completed

About This House

This property is a 150 SqM house with 3 bedrooms and 3 bathrooms that is available for sale. It is part of the project in San Phisuea, Chiang Mai and was completed in Dec 2013. You can buy this house for a base price of £194,000 (£1,290/SqM).

Features

Private GardenPrivate Garden TerraceTerrace Covered ParkingCovered Parking BalconyBalcony Outdoor SalaOutdoor Sala

Basic Information

Date Listed Jan 19, 2021
Updated 6 months ago
Property Type House (Single Detached)
Storeys 2
Location San Phisuea, Chiang Mai
Bedrooms 3
Nearest Landmark Lanna Golf Course -2.6 Km
Indoor Area 150 SqM
Price per SqM £1,290
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 376 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 N/A
Construction Completed (Dec 2013)
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) Garden View
Unit Type N/A
Parking Spots N/A
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 U655354

Investment Opportunity: Charges & Yield

Sale Price
£194,000
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.
17
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 Siwalee Meechok, and the current sales price.
6%

Project Details

Project Name: Siwalee Meechok
Developer: Land and Houses
Construction: Completed (Dec 2013)
Units: 254
Project Area: 104,000 SqM
Nearest Landmark Lanna Golf Course - 2.6 Km
Location: San Phisuea, Chiang Mai
Siwalee Meechok 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 Siwalee Meechok

For Sale 4 For Rent 4
Get notified when new homes are being added to Siwalee Meechok
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Frequently Asked Questions

All kind of pets are allowed at Siwalee Meechok including dogs, cats, rabbits, hamsters, guinea pigs, birds, and reptiles.
Lanna Golf Course is the nearest Golf from Siwalee Meechok and it is 2.6 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 Siwalee Meechok 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

4.3 out of 5
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Quiet place, suitable for living
Howard Wu, China, 7 years ago
The village has a tranquil atmosphere. It is shady with a lot of green trees. The communal garden is also large, and my children like it very much because there is a lot of playground equipment. There are also other facilities, such as a swimming pool and fitness centers. The neighbors are lovely. The location is also excellent, close to the main road, making it easy to travel anywhere. It is also not far from restaurants, an international school, and Lotus Ruamchok, only a 5-minute drive away so you'll never be bored here.
Chiang Mai
San Phisuea

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby Siwalee Meechok

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Number of units
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Monthly Rentals
Year Built
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Project Name
Location
Number of units
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Year Built
Completion Status
Location
San Phisuea, Mueang Chiang Mai, Chiang Mai
Number of units
N/A
Sales Prices
£36.1K - £47.7K
▼ -23% underpriced
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Year Built
Aug 2015
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Completed
Location
San Phisuea, Mueang Chiang Mai, Chiang Mai
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70
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Year Built
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Completion Status
Completed
Location
San Phisuea, Mueang Chiang Mai, Chiang Mai
Number of units
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Sales Prices
£63.6K - £75K
Monthly Rentals
£204 - £681
Year Built
Jun 2017
Completion Status
Completed
Location
San Phisuea, Mueang Chiang Mai, Chiang Mai
Number of units
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Sales Prices
£148K
▲ 10% overpriced
Monthly Rentals
£1.48K
Year Built
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Project Name
Laddarom Village
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San Phisuea, Mueang Chiang Mai, Chiang Mai
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