3 Bedroom Villa for sale at Siwalee Ratchaphruk Chiangmai

(1 Review)
Mae Hia, Mueang Chiang Mai,Chiang Mai
Unit ID: U620276
6% Rental Yield
3 Bedrooms
3 Bathrooms
187 SqM Indoor Area
2 Storeys
Jan 2007 Completed

About This Villa

This property is a 187 SqM villa with 3 bedrooms and 3 bathrooms that is available for sale. It is part of the project in Mae Hia, Chiang Mai and was completed in Jan 2007. You can buy this villa for a base price of £183,000 (£981/SqM).

Features

Private GardenPrivate Garden Covered ParkingCovered Parking Full Western KitchenFull Western Kitchen Washing MachineWashing Machine MicrowaveMicrowave

Basic Information

Date Listed Jun 15, 2020
Updated 1 month ago
Property Type Villa
Storeys 2
Location Mae Hia, Chiang Mai
Bedrooms 3
Nearest Landmark Chiang Mai International Airport -2.4 Km
Indoor Area 187 SqM
Price per SqM £981
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 340 SqM
Pets Not Allowed
Villa Ownership

Foreign nationals can own the building (villa) 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 Nor Sor 3
Construction Completed (Jan 2007)
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) Unblocked Open 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 U620276

Investment Opportunity: Charges & Yield

Sale Price
£183,000
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.
18
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.
6%

Project Details

Developer: Land and Houses
Construction: Completed (Jan 2007)
Units: 236
Project Area: N/A
Nearest Landmark Chiang Mai International Airport - 2.4 Km
Location: Mae Hia, Chiang Mai
Siwalee Ratchaphruk Chiangmai Project Details

Project Features

Communal Pool Communal Pool
Communal Gym Communal Gym
Clubhouse Clubhouse
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Indoor Kids Zone Indoor Kids Zone

Available Units at Siwalee Ratchaphruk Chiangmai

For Sale 6 For Rent 4
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Frequently Asked Questions

All kind of pets are allowed at Siwalee Ratchaphruk Chiangmai including dogs, cats, rabbits, hamsters, guinea pigs, birds, and reptiles.
Chiang Mai International Airport is the nearest Airport from Siwalee Ratchaphruk Chiangmai and it is 2.4 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 Siwalee Ratchaphruk Chiangmai 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
I’ve made the right choice buying this place
Chaiya C., Thailand, 8 years ago
My best friend had to move back to the southern part of Thailand to run his own business, so he tried to sell the house he used to stay in. It’s a 3-bedroom unit with a good condition and spacious usable area, so I decided to buy his home without hesitation. Plus, this place is close to CentralPlaza Chiang Mai Airport, and it’s also only 10 mins away from Chiang Mai International Airport. The common area has a large swimming pool and a fully-equipped fitness center. More importantly, I haven’t found any problems since I stayed here. The neighbors are friendly. I would say that I’ve made the right choice buying this place.
Chiang Mai
Mae Hia

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby Siwalee Ratchaphruk Chiangmai

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
Mae Hia, Mueang Chiang Mai, Chiang Mai
Number of units
60
Sales Prices
£31K - £34.5K
▼ -21% underpriced
Monthly Rentals
£161
Year Built
Jan 2015
Completion Status
Completed
Location
Mae Hia, Mueang Chiang Mai, Chiang Mai
Number of units
79
Sales Prices
£64.3K - £182K
▼ -3% underpriced
Monthly Rentals
£276 - £689
Year Built
Jun 2011
Completion Status
Completed
Location
Mae Hia, Mueang Chiang Mai, Chiang Mai
Number of units
69
Sales Prices
£46K - £75.8K
▼ -25% underpriced
Monthly Rentals
£184 - £287
Year Built
Jan 2013
Completion Status
Completed
Project Name
N8 Serene Lake
Location
Mae Hia, Mueang Chiang Mai, Chiang Mai
Number of units
69
Sales Prices
£59.8K - £172K
▼ -4.4% underpriced
Monthly Rentals
£345 - £414
Year Built
Dec 2013
Completion Status
Completed
Location
Mae Hia, Mueang Chiang Mai, Chiang Mai
Number of units
170
Sales Prices
£56.3K - £87.3K
Monthly Rentals
£345 - £529
Year Built
Jan 2016
Completion Status
Completed
Location
Mae Hia, Mueang Chiang Mai, Chiang Mai
Number of units
292
Sales Prices
£40.2K
Monthly Rentals
N/A
Year Built
N/A
Completion Status
Completed
Location
Mae Hia, Mueang Chiang Mai, Chiang Mai
Number of units
78
Sales Prices
£689K - £1.26M
Monthly Rentals
£5.06K - £5.52K
Year Built
Dec 2021
Completion Status
Completed
Location
Mae Hia, Mueang Chiang Mai, Chiang Mai
Number of units
226
Sales Prices
£156K - £287K
▼ -25% underpriced
Monthly Rentals
£689 - £1.38K
Year Built
Dec 2013
Completion Status
Completed
Project Name
The Urbana 4
Location
Mae Hia, Mueang Chiang Mai, Chiang Mai
Number of units
200
Sales Prices
£55.2K
Monthly Rentals
£345 - £506
Year Built
Mar 2015
Completion Status
Completed
Project Name
BIZPOINT 10
Location
Mae Hia, Mueang Chiang Mai, Chiang Mai
Number of units
68
Sales Prices
£149K
Monthly Rentals
N/A
Year Built
Dec 2017
Completion Status
Completed
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