5 Bedroom House for sale at Inizio Chiangmai

 (Write Review)
San Kamphaeng, San Kamphaeng,Chiang Mai
Unit ID: U1167616
6% Rental Yield
Tenant-Occupied until Aug 31, 2025
5 Bedrooms
3 Bathrooms
267.50 SqM Indoor Area
2 Storeys
Feb 2015 Completed

About This House

This property is a 267.50 SqM house with 5 bedrooms and 3 bathrooms that is available for sale. It is part of the project in San Kamphaeng, Chiang Mai and was completed in Feb 2015. You can buy this house for a base price of £193,000 (£722/SqM) and it is also available for long term rentals starting from £1,020 per month.

Features

Private GardenPrivate Garden Covered ParkingCovered Parking Washing MachineWashing Machine TVTV

Basic Information

Date Listed Nov 1, 2022
Updated 4 weeks ago
Property Type House
Storeys 2
Location San Kamphaeng, Chiang Mai
Bedrooms 5
Nearest Landmark Promenada Chiang Mai -5.8 Km
Indoor Area 267.50 SqM
Price per SqM £722
Outdoor Area
This is the combined size of the terrace, pool, parking area, and sala. It does not include the size of the garden.
412 SqM
Plot Size N/A
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.

N/A
Land Title Deed N/A
Construction Completed (Feb 2015)
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 U1167616

Investment Opportunity: Charges & Yield

Sale Price
£193,000
Rent
£1,020/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.
16
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

Project Name: Inizio Chiangmai
Developer: Land and Houses
Construction: Completed (Feb 2015)
Units: 336
Project Area: 124,800 SqM
Nearest Landmark Promenada Chiang Mai - 5.8 Km
Location: San Kamphaeng, Chiang Mai
Inizio 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)
Car Parking Car Parking

Available Units at Inizio Chiangmai

For Sale 1 For Rent 3
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Frequently Asked Questions

All kind of pets are allowed at Inizio Chiangmai including dogs, cats, rabbits, hamsters, guinea pigs, birds, and reptiles.
Promenada Chiang Mai is the nearest Shopping Mall from Inizio Chiangmai and it is 5.8 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 Inizio 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

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Chiang Mai
San Kamphaeng

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby Inizio 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
Project Name
Sivalai Village 3
Location
San Kamphaeng, San Kamphaeng, Chiang Mai
Number of units
300
Sales Prices
£60K - £129K
▼ -18% underpriced
Monthly Rentals
£226 - £566
Year Built
Jun 2009
Completion Status
Completed
Location
San Kamphaeng, San Kamphaeng, Chiang Mai
Number of units
1028
Sales Prices
£27.2K
▼ -43% underpriced
Monthly Rentals
N/A
Year Built
Jan 2002
Completion Status
Completed
Location
San Kamphaeng, San Kamphaeng, Chiang Mai
Number of units
265
Sales Prices
£151K - £291K
Monthly Rentals
£452 - £1.02K
Year Built
Dec 2015
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Completed
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Ton Pao, San Kamphaeng, Chiang Mai
Number of units
N/A
Sales Prices
£95.1K
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£362 - £566
Year Built
Jul 2023
Completion Status
Completed
Location
San Kamphaeng, San Kamphaeng, Chiang Mai
Number of units
110
Sales Prices
£42.8K - £49.8K
▼ -50% underpriced
Monthly Rentals
£351
Year Built
Jan 2022
Completion Status
Completed
Location
San Kamphaeng, San Kamphaeng, Chiang Mai
Number of units
121
Sales Prices
£83.8K - £108K
Monthly Rentals
£792
Year Built
Feb 2022
Completion Status
Completed
Project Name
Karnkanok 1
Location
San Kamphaeng, San Kamphaeng, Chiang Mai
Number of units
156
Sales Prices
£83.5K
Monthly Rentals
£747
Year Built
Dec 2014
Completion Status
Completed
Location
Ton Pao, San Kamphaeng, Chiang Mai
Number of units
145
Sales Prices
£46.9K - £66.8K
Monthly Rentals
£215 - £1.13K
Year Built
N/A
Completion Status
Off Plan
Project Name
Karnkanok Ville 4
Location
San Kamphaeng, San Kamphaeng, Chiang Mai
Number of units
287
Sales Prices
£74.5K
Monthly Rentals
£453
Year Built
Jan 2012
Completion Status
Completed
Location
Ton Pao, San Kamphaeng, Chiang Mai
Number of units
363
Sales Prices
£75.6K - £286K
Monthly Rentals
N/A
Year Built
Jul 2023
Completion Status
Completed
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