Chiang Mai City Townhouse

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Chang Khlan, Mueang Chiang Mai,Chiang Mai

Unit ID: U81649
7% Rental Yield
฿6,300,000
Bedroom
3 Bedrooms
Bathroom
4 Bathrooms
Indoor Area
210 SqM Indoor Area
Stairs
3 Storeys
Construction
Nov 2015 Completed

3 Bedroom Townhouse for sale at Chiang Mai City Townhouse

This property is a 210 SqM townhouse with 3 bedrooms and 4 bathrooms that is available for sale. It is part of the Chiang Mai City Townhouse project in Chang Khlan, Chiang Mai and was completed in Nov 2015. You can buy this townhouse for a base price of ฿6,300,000 (฿30,000/SqM).

Features

TerraceTerrace Covered ParkingCovered Parking

Basic Information

Property Type Townhouse
Storeys 3
Location Chang Khlan, Mueang Chiang Mai, Chiang Mai
Bedrooms 3
Nearest Landmark Centralplaza Chiangmai Airport -1.3 Km
Indoor Area 210 SqM
Price per SqM ฿30,000
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 120 SqM
Townhouse Ownership

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

Foreign Ownership, 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, Company
Land Title Deed N/A
Construction Completed (Nov 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) City View
Unit Type 3BR
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
Developer
Date Listed Aug 15, 2018
Last Updated 11 months ago
Unit ID U81649

Price Analysis

Fair Price
Estimated market value ฿6,119,048
Great
฿5,720,000
Good
Fair
Above
฿6,150,000
Current asking Price: ฿6,300,000 | Rental estimate: ฿39,200/mo
This townhouse is ฿180,952 ABOVE MARKET (3%) in the Chiang Mai area. It is analyzed against similar townhouses 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
฿6,300,000
Est. Rent
฿39,200/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 3 bedroom townhouses at Chiang Mai City Townhouse, and the current sales price.
7%

Project Details

Developer: N/A
Construction: Completed (Nov 2015)
Units: 7
Project Area: N/A
Nearest Landmark Centralplaza Chiangmai Airport - 1.3 Km
Location: Chang Khlan, Mueang Chiang Mai, Chiang Mai
Chiang Mai City Townhouse Project Details

Project Features

24H Security 24H Security
Car Parking Car Parking

Available Units at Chiang Mai City Townhouse

For Sale 2 For Rent 1
Get notified when new homes are being added to Chiang Mai City Townhouse

Loan Calculator

Frequently asked questions

Centralplaza Chiangmai Airport is the nearest Shopping Mall from Chiang Mai City Townhouse and it is 1.3 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 Chiang Mai City Townhouse 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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Chiang Mai

Chang Khlan

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