Peaks Garden

4.17 (1 Review)

Chang Khlan, Mueang Chiang Mai,Chiang Mai

Unit ID: U1016660
5% Rental Yield
฿8,850,000
Bedroom
1 Bedroom
Bathroom
1 Bathroom
Indoor Area
92 SqM Size
Floors
7 Floor
Construction
Dec 2006 Completed

1 Bedroom Condo for sale at Peaks Garden

This property is a 92 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the Peaks Garden project in Chang Khlan, Chiang Mai and was completed in Dec 2006. You can buy this condo for a base price of ฿8,850,000 (฿96,196/SqM).

Contemporary Open Plan Living with Wrap Around Views

This 2 bedroom condo has been redeveloped to create a 1 bedroom unit with additional open plan living area, ideal for people that like to work from home or just enjoy the extra space. Redeveloped in 2019, the architect designed interior utilises custom built furniture and locally sourced ceramics to present a contemporary interpretation of vintage chic. With open views on 2 sides the apartment benefits from an abundance of light and evokes a sense of living in the treetops. West facing the living room balcony enjoys sunsets over Chiang Mais’ iconic Suthep Mountain. Peaks Garden benefits from a central atrium which allows natural light and air into the corridors. With only 79 units it is one of the smaller buildings in Chiang Mai helping to ensure that communal facilities such as the gym and pool do not suffer from overcrowding common in the newer larger developments and the management team, who are excellent, also get to develop a close and caring relationship with the buildings’ residents. The building also benefits from a very healthy balance sheet thanks to years of good management that has allowed the committee to accumulate cash reserves ensuring that essential maintenance is always carried out on time to maintain the property value into the future. video tour available on request

Features

Corner UnitCorner Unit BalconyBalcony Full Western KitchenFull Western Kitchen Fully RenovatedFully Renovated (2019) Renovated KitchenRenovated Kitchen (2019) Renovated BathroomRenovated Bathroom (2021)

Basic Information

Property Type Condo
Floor 7
Bedroom 1
Size 92 SqM
Price per SqM ฿96,196
Condo Ownership

Foreign nationals can be freehold owners of condominium units, in buildings where not more than 49% of the unit floor space is owned by foreigners. Units that are part of the Thai quota or are being leased for 30 years can be converted to the foreign freehold quota if that is currently below 49%.

Foreign Quota
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) Mountain View, City View, Unblocked Open View
Unit Type N/A
Building 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.
฿4,140/mo
Listed By
Private Owner
Date Listed Jul 23, 2021
Last Updated 1 month ago
Unit ID U1016660

3D Walkthrough

Investment Opportunity: Charges & Yield

Sale Price
฿8,850,000
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.
฿4,140/mo
Est. Rent
฿38,900/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.
19
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 1 bedroom condos at Peaks Garden, and the current sales price.
5%

Project Details

Project Name: Peaks Garden
Construction: Completed (Dec 2006)
Floors: 8
Buildings: N/A
Units: 77
Project Area: N/A
Nearest Landmark Warorot Market - 1.4 Km
Location: Chang Khlan, Mueang Chiang Mai, Chiang Mai
Peaks Garden Project Details

Project Features

Hotel Managed Hotel Managed
Communal Pool Communal Pool
Communal Gym Communal Gym
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Car Parking Car Parking
Steam Room Steam Room
Sauna Sauna
Reception / Lobby Area Reception / Lobby Area

Available Units at Peaks Garden

For Sale 5 For Rent 1
Get notified when new homes are being added to Peaks Garden

Loan Calculator

Frequently asked questions

No pets are allowed at Peaks Garden unless specifically permitted by the juristic office. Exceptions can be made for service or guide dogs for persons with disabilities.
The common area maintenance fee is ฿45 per square meter based on the size of indoor area of the property and is ฿4,140 for this condo. 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.
Warorot Market is the nearest Market from Peaks Garden and it is 1.4 km away.

Foreigners can own a condominium Freehold in their own name. Condominium ownership is best explained by looking at an example of a project that has 100 units for sale.

In this example, 49 of the total units in this building (or 49% of the total salable area) can be owned outright by non-thai nationals in their name.  The ownership titles of these 49 units is referred to as Freehold or Foreign Quota. 

This leaves 51 units remaining in the building (or 51% of the total salable). The freehold rights to these units are reserved for Thai nationals in what is commonly referred to as the Thai quota.

 

Read more here

After you have found the right property at Peaks Garden you have to follow these steps:

  • - Agreement of terms and conditions
  • - Reservation Agreement
  • - Reservation Deposit
  • - Sales and Purchase Agreement
  • - Settlement & Transfer

 


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

Sale Price : ฿5,759,000
Fazwaz Estimate : ฿5,550,000
Price Rating : Great Price
Sale Price : ฿12,140,999
Fazwaz Estimate : ฿11,990,999
Price Rating : Great Price
Sale Price : ฿1299,999
Fazwaz Estimate : ฿179,999
Price Rating : Overpriced
Sale Price : ฿159,999
Fazwaz Estimate : ฿149,999
Price Rating : Fair Price

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Reviews

4.2 out of 5 4.17
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Elegant room, beautiful furniture and swimming pool under big trees
4.2 Zandra Durham, Australia, 5 years ago
I had to travel away from home in Phuket to work in Chiang Mai, so I had to find a place to live alone, and I decided to rent a 1-bedroom condo here in which the room is not too spacious or too small, just right for one person like me. I like the location near all amenities, convenient to travel and go shopping for just a few minutes. However, there will be insufficient parking spaces, but I use the taxi service anyway. It is considered convenient, no need to grab the parking space with anyone. I love the swimming pool here; the atmosphere is pleasant and shady because it's under big trees, but I'm not sure what the tree they call it. Anyone who likes to swim but doesn't like the sun will be delighted. The surrounding condo is complete with many kinds of trees, just like in the forest; I love it here! Wherever you look, it is green and comfortable. Also, there is a daily rental service. It is suitable for anyone who travels to Chiang Mai to experience the cold wind during various festivals, and I recommend it so you won't be disappointed. The price is not high as well.

Chiang Mai

Chang Khlan

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