Koolpunt Ville 12 The Castle

4.5 (1 Review)

Pa Bong, Saraphi,Chiang Mai

Unit ID: U33499
5% Rental Yield
฿5,500,000 Great Price
Bedroom
3 Bedrooms
Bathroom
3 Bathrooms
Indoor Area
213 SqM Indoor Area
Stairs
2 Storeys
Construction
May 2003 Completed

3 Bedroom House for sale at Koolpunt Ville 12 The Castle

This property is a 213 SqM house with 3 bedrooms and 3 bathrooms that is available for sale. It is part of the Koolpunt Ville 12 The Castle project in Pa Bong, Chiang Mai and was completed in May 2003. You can buy this house for a base price of ฿5,500,000 (฿25,822/SqM) and it is also available for long term rentals starting from ฿25,000 per month.

Features

Private GardenPrivate Garden TerraceTerrace Covered ParkingCovered Parking BalconyBalcony

Basic Information

Property Type House
Storeys 2
Location Pa Bong, Saraphi, Chiang Mai
Bedrooms 3
Nearest Landmark Chiang Mai Immigration -2.9 Km
Indoor Area 213 SqM
Price per SqM ฿25,822
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 320 SqM
House Ownership

Foreign nationals can own the building (house) in their own name but not the land that it stands on.

Company
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 N/A
Construction Completed (May 2003)
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 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.
N/A
Listed By
Private Owner
Date Listed Sep 26, 2017
Last Updated 1 week ago
Unit ID U33499

3D Walkthrough

Price Analysis

Great Price
Estimated market value ฿7,401,087
Great
฿6,030,000
Good
Fair
Above
฿7,420,000
Current asking Price: ฿5,500,000 | Advertised rental rate: ฿25,000/mo
This house is ฿1,901,087 BELOW MARKET (-26%) in the Chiang Mai area. It is analyzed against similar houses and is based on previous transaction data, the current market situation, neighborhood details, and the specific details of this property.
Powered by FazWaz AVM

Investment Opportunity: Charges & Yield

Sale Price
฿5,500,000
Rent
฿25,000/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.
18
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.
5%

Project Details

Developer: N/A
Construction: Completed (May 2003)
Units: 90
Project Area: N/A
Nearest Landmark Chiang Mai Immigration - 2.9 Km
Location: Pa Bong, Saraphi, Chiang Mai
Koolpunt Ville 12 The Castle Project Details

Project Features

Communal Pool Communal Pool
Communal Gym Communal Gym
Clubhouse Clubhouse
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Indoor Kids Zone Indoor Kids Zone
Car Parking Car Parking

Available Units at Koolpunt Ville 12 The Castle

For Sale 5 For Rent 2
Get notified when new homes are being added to Koolpunt Ville 12 The Castle

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Frequently asked questions

Chiang Mai Immigration is the nearest Immigration Office from Koolpunt Ville 12 The Castle and it is 2.9 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 Koolpunt Ville 12 The Castle 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

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

4.5 out of 5 4.5
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Modern luxury project The house is beautiful and fairly large.
4.5 Ayra S., Thailand, 9 years ago
After I graduated and worked to save a large sum of money, I decided to buy a house from this project to give to my parents. The house I bought is a resale unit that I found on a real estate website. As for the price, I think it’s affordable considering a spacious area. My house is a 2-story, four-bedroom, and three-bathroom unit with a land plot size of 240 sq.m. It comes with full facilities within the project, like a large outdoor swimming pool where I usually swim during the day and a 24-hour security system. The project is in a convenient location as it’s easy to get to the shopping centers. Although this place was completed many years ago, it’s still well-maintained, so every unit is in good condition. I would like to recommend this place as it comes at a reasonable price, and you will be surrounded by great neighbors.

Chiang Mai

Pa Bong

Neighborhood Overview

Location and Neighborhood

Street View

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