4 Bedroom Villa for sale at Ornsirin Ville Donchan

(1 Review)
Chai Sathan, Saraphi,Chiang Mai
Unit ID: U1033012
3% Rental Yield
4 Bedrooms
2 Bathrooms
140 SqM Indoor Area
2 Storeys
Aug 2020 Completed

About This Villa

This property is a 140 SqM villa with 4 bedrooms and 2 bathrooms that is available for sale. It is part of the project in Chai Sathan, Chiang Mai and was completed in Aug 2020. You can buy this villa for a base price of £218,000 (£1,560/SqM).

Features

Private PoolPrivate Pool TerraceTerrace Corner UnitCorner Unit BalconyBalcony Outdoor ShowersOutdoor Showers Renovated KitchenRenovated Kitchen (2021)

Basic Information

Date Listed Sep 23, 2021
Updated 3 years ago
Property Type Villa (Single Detached)
Storeys 2
Location Chai Sathan, Chiang Mai
Bedrooms 4
Nearest Landmark Promenada Chiang Mai -1.3 Km
Indoor Area 140 SqM
Price per SqM £1,560
Outdoor Area
This is the combined size of the terrace, pool, parking area, and sala. It does not include the size of the garden.
225 SqM
Plot Size 280 SqM
Pets All Kind of Pets 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 Chanote
Construction Completed (Aug 2020)
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) Pool View, Unblocked Open 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.
£4,490/mo
Listed By
Private Owner
Electricity Price N/A
Water Price N/A
Unit ID U1033012

Investment Opportunity: Charges & Yield

Sale Price
£218,000
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.
£4,490/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.
32
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 4 bedroom villas at Ornsirin Ville Donchan, and the current sales price.
3%

Project Details

Project Name: Ornsirin Ville Donchan
Developer: Ornsirin Group
Construction: Completed (Oct 2020)
Units: 89
Project Area: 16,256 SqM
Nearest Landmark Promenada Chiang Mai - 1.3 Km
Location: Chai Sathan, Chiang Mai
Ornsirin Ville Donchan Project Details

Project Features

24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Communal Garden Area Communal Garden Area

Popular Facilities at Ornsirin Ville Donchan

  • Communal Garden Area
    Ground Floor

Available Units at Ornsirin Ville Donchan

For Sale 7 For Rent 1
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Frequently Asked Questions

All kind of pets are allowed at Ornsirin Ville Donchan including dogs, cats, rabbits, hamsters, guinea pigs, birds, and reptiles.
The common area maintenance fee is £16 per square meter based on the plot size of the property and is £4,490 for this villa. This fee 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.
Promenada Chiang Mai is the nearest Shopping Mall from Ornsirin Ville Donchan and it is 1.3 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 Ornsirin Ville Donchan you have to follow these steps:

  • - Agreement of terms and conditions
  • - Reservation Agreement
  • - Reservation Deposit
  • - Sales and Purchase Agreement
  • - Settlement & Transfer
Installment Milestone Payment
Reservation Deposit
Immediately
£1,150
1st Installment
Upon contract signing
30%
2nd Installment
On handover
70%


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
It's convenient to get around.
Wanchai Somboon, Thailand, 5 years ago
I visited my friends who stayed in this project. His townhome is a 2-story three-bedroom unit with a large usable area, so it's a family-friendly home. The atmosphere of the project is calm and private. There is security. Unfortunately, there is no swimming pool like other projects. The project is in an excellent location; it's only 5 minutes away from Promenada Chiang Mai. Most importantly, it takes only 15 mins to Chiang Mai International Airport. Overall, it's convenient to get around.
Chiang Mai
Chai Sathan

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby Ornsirin Ville Donchan

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Number of units
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Monthly Rentals
Year Built
Completion Status
Project Name
Location
Number of units
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Year Built
Completion Status
Location
Chai Sathan, Saraphi, Chiang Mai
Number of units
146
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£22.8K - £57.5K
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Jun 1994
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Project Name
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Oct 2015
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Completed
Location
Chai Sathan, Saraphi, Chiang Mai
Number of units
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Sales Prices
£96.5K - £138K
▲ 10.3% overpriced
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The Urbana 3
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Tha Sala, Saraphi, Chiang Mai
Number of units
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£64.3K - £96.5K
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Project Name
Baan Karnkanok 12
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Nong Phueng, Saraphi, Chiang Mai
Number of units
315
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£108K - £172K
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Monthly Rentals
£575 - £1.2K
Year Built
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Completion Status
Completed
Location
Tha Sala, Saraphi, Chiang Mai
Number of units
61
Sales Prices
£45K - £136K
▼ -49% underpriced
Monthly Rentals
N/A
Year Built
Oct 2015
Completion Status
Completed
Location
Nong Hoi, Saraphi, Chiang Mai
Number of units
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Year Built
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Completion Status
Completed
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Number of units
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Sales Prices
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Monthly Rentals
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Location
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