6 Bedroom House for sale at Chayayon Village

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Suthep, Mueang Chiang Mai,Chiang Mai
Unit ID: U1898883
8% Rental Yield
6 Bedrooms
2 Bathrooms
300 SqM Indoor Area
2 Storeys
Completed

About This House

This property is a 300 SqM house with 6 bedrooms and 2 bathrooms that is available for sale. It is part of the project in Suthep, Chiang Mai. You can buy this house for a base price of £217,000 (£722/SqM).

Modern 2-Story Detached House in Chayayon Village

Modern 2-Story Detached House in Chayayon Village  Living Area: Over 300 sqmLand Area: 67.5 sq. wahBedrooms: 6 spacious rooms 📍 Prime Location: Nestled in the secure Chayayon Village with 24/7 security. Just 1 km from the speed gym along the canal road. Conveniently close to 7-Eleven, Mae Hia Fresh Market, and Chiang Mai University. Perfect for a family seeking a comfortable and accessible home. 🎊 Price: 9.5 million THB (Transfer fee shared 50-50) 🎊 Don't miss this exceptional opportunity!

Features

Private GardenPrivate Garden Covered ParkingCovered Parking

Basic Information

Date Listed Jul 20, 2024
Updated 3 months ago
Property Type House
Storeys 2
Location Suthep, Chiang Mai
Bedrooms 6
Nearest Landmark Chiang Mai International Airport -0.7 Km
Indoor Area 300 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.
N/A
Plot Size 67.50 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 Chanote
Construction Completed
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, 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.
£11/mo
Listed By
Private Owner
Electricity Price N/A
Water Price N/A
Unit ID U1898883

Investment Opportunity: Charges & Yield

Sale Price
£217,000
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.
£11/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.
13
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 6 bedroom houses at Chayayon Village, and the current sales price.
8%

Project Details

Project Name: Chayayon Village
Developer: N/A
Construction: Completed (Dec 2010)
Units: 8
Project Area: N/A
Nearest Landmark Chiang Mai International Airport - 0.7 Km
Location: Suthep, Chiang Mai
Chayayon Village Project Details

Project Features

24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Car Parking Car Parking

Available Units at Chayayon Village

For Sale 4 For Rent 6
Get notified when new homes are being added to Chayayon Village
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Frequently Asked Questions

All kind of pets are allowed at Chayayon Village including dogs, cats, rabbits, hamsters, guinea pigs, birds, and reptiles.
Chiang Mai International Airport is the nearest Airport from Chayayon Village and it is 0.7 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 Chayayon Village 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
Suthep

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby Chayayon Village

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
Chayayon Condo
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
65
Sales Prices
£29.7K - £34.2K
▼ -44% underpriced
Monthly Rentals
N/A
Year Built
Feb 2014
Completion Status
Completed
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
63
Sales Prices
£158K - £272K
Monthly Rentals
N/A
Year Built
Jan 2000
Completion Status
Completed
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
20
Sales Prices
£89K - £959K
▼ -38% underpriced
Monthly Rentals
£639 - £913
Year Built
Dec 2012
Completion Status
Completed
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
199
Sales Prices
£61.6K - £297K
▼ -7.8% underpriced
Monthly Rentals
£411 - £1.26K
Year Built
Feb 2017
Completion Status
Completed
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
70
Sales Prices
£457K - £732K
Monthly Rentals
£800
Year Built
Jan 2011
Completion Status
Completed
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
71
Sales Prices
£61.2K
Monthly Rentals
N/A
Year Built
Jan 2014
Completion Status
Completed
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
69
Sales Prices
£84.6K - £88.8K
Monthly Rentals
N/A
Year Built
N/A
Completion Status
Completed
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
69
Sales Prices
£57.1K - £89K
Monthly Rentals
£342
Year Built
Dec 2014
Completion Status
Completed
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
98
Sales Prices
£868K
Monthly Rentals
N/A
Year Built
May 2010
Completion Status
Completed
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
69
Sales Prices
£50.2K - £52.5K
▼ -37% underpriced
Monthly Rentals
£411
Year Built
Jan 2014
Completion Status
Completed
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