2 Bedroom Condo for sale at V Residence Payap

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San Phranet, San Sai,Chiang Mai
Unit ID: U1023394
4% Rental Yield
฿3,710,000 Great Price
2 Bedrooms
1 Bathroom
64 SqM Size
6 Floor
Jan 2019 Completed

About This Condo

This property is a 64 SqM condo with 2 bedrooms and 1 bathroom that is available for sale. It is part of the V Residence Payap project in San Phranet, Chiang Mai and was completed in Jan 2019. You can buy this condo for a base price of ฿3,710,000 (฿57,969/SqM) and it is also available for long term rentals starting from ฿12,000 per month.

For Sale V Residence Payub condo size 64 sq.m 6th floor corner room 2 bedroom Fully furnished 3 air conditioning 1 Electric stove 1 Cooker hood 1 Refrigerator 1 Water heater 1 Washing machine 1 Microwave Facilities Gym Swimming pool 24-Hour security staff CCTV Nearby Landmark: Phayub University, Big C Extra, Central Festival

Features

Corner UnitCorner Unit BalconyBalcony Washing MachineWashing Machine MicrowaveMicrowave

Basic Information

Property Type Condo
Floor 6
Bedrooms 2
Size 64 SqM
Price per SqM ฿57,969
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%.

Thai 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) Garden 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.
฿2,550/mo
Listed By
Private Owner
Date Listed Aug 22, 2021
Last Updated 1 year ago
Unit ID U1023394

3D Walkthrough

Price Analysis

Great Price
Estimated market value ฿4,212,113
Great
฿3,600,000
Good
Fair
Above
฿5,190,000
Current asking Price: ฿3,710,000 | Advertised rental rate: ฿12,000/mo
This condo is ฿502,113 BELOW MARKET (-12%) in the Chiang Mai area. It is analyzed against similar condos and is based on previous transaction data, the current market situation, neighborhood details, and the specific details of this property.
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Investment Opportunity: Charges & Yield

Sale Price
฿3,710,000
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.
฿2,550/mo
Rent
฿12,000/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.
26
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.
4%

Project Details

Project Name: V Residence Payap
Developer: N/A
Construction: Completed (Jan 2019)
Floors: 5
Buildings: N/A
Units: 80
Project Area: N/A
Nearest Landmark Chiang Mai International Airport - 8.3 Km
Location: San Phranet, San Sai, Chiang Mai
V Residence Payap Project Details

Project Features

Communal Pool Communal Pool
Communal Gym Communal Gym
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Car Parking Car Parking

Available Units at V Residence Payap

For Sale 1 For Rent 1

Loan Calculator

Frequently Asked Questions

No pets are allowed at V Residence Payap unless specifically permitted by the juristic office. Exceptions can be made for service or guide dogs for persons with disabilities.
Chiang Mai International Airport is the nearest Airport from V Residence Payap and it is 8.3 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 V Residence Payap 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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Chiang Mai
San Phranet

Neighborhood Overview

Location and Neighborhood

Street View

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