6 Bedroom House for sale at Tropical Regent 1

5 (1 Review)
San Sai Noi, San Sai,Chiang Mai
Unit ID: U660656
6% Rental Yield
฿14,990,000
6 Bedrooms
6.5 Bathrooms
400 SqM Indoor Area
2 Storeys
Jan 2019 Completed

About This House

This property is a 400 SqM house with 6 bedrooms and 6.5 bathrooms that is available for sale. It is part of the Tropical Regent 1 project in San Sai Noi, Chiang Mai and was completed in Jan 2019. You can buy this house for a base price of ฿14,990,000 (฿37,475/SqM) and it is also available for long term rentals starting from ฿80,000 per month.

Beautifull modern new house in San sai

Amazing new modern house for sale in sansai , Located in the moo ban tropical regent 1 this new house is composed as follow ; Property Size: 400 sq m. Property Lot Size: 180 sq w. Bedrooms: 6 Bathrooms: 7 Private balconies for each bedroom. 2 floor One modern western kitchen with all appliances One laundry room One double ceiling living room Brand new house ,fully equipped and furnished high-end property with private pool in a great location 5 minutes from central festival Plaza. The house is very nicely furnished, has a great central living room with double high ceilings and large windows, a private 3 by 8 meter salt water pool, Selling price: 14,990,000 THB !!

Features

Private PoolPrivate Pool TerraceTerrace Covered ParkingCovered Parking Full Western KitchenFull Western Kitchen BathtubBathtub MicrowaveMicrowave OvenOven TVTV

Basic Information

Property Type House (Single Detached)
Storeys 2
Location San Sai Noi, San Sai, Chiang Mai
Bedrooms 6
Nearest Landmark Central Chiangmai -2.1 Km
Indoor Area 400 SqM
Price per SqM ฿37,475
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 480 SqM
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 (Jan 2019)
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) Pool 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.
฿1,500/mo
Listed By
Private Owner
Date Listed Feb 5, 2021
Last Updated 1 year ago
Unit ID U660656

3D Walkthrough

Price Analysis

Above Average
Estimated market value ฿12,197,328
Great
฿9,210,000
Good
Fair
Above
฿13,600,000
Current asking Price: ฿14,990,000 | Advertised rental rate: ฿80,000/mo
This house is ฿2,792,672 ABOVE MARKET (23%) 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
฿14,990,000
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.
฿1,500/mo
Rent
฿80,000/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.
16
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.
6%

Project Details

Project Name: Tropical Regent 1
Developer: N/A
Construction: Completed (Jul 2013)
Units: 205
Project Area: N/A
Nearest Landmark Central Chiangmai - 2.1 Km
Location: San Sai Noi, San Sai, Chiang Mai
Tropical Regent 1 Project Details

Project Features

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

Available Units at Tropical Regent 1

For Sale 4 For Rent 1
Get notified when new homes are being added to Tropical Regent 1

Loan Calculator

Frequently Asked Questions

All kind of pets are allowed at Tropical Regent 1 including dogs, cats, rabbits, hamsters, guinea pigs, birds, and reptiles.
The common area maintenance fee for properties at Tropical Regent 1 is a fixed amount of ฿1,500. This amount 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.
Central Chiangmai is the nearest Shopping Mall from Tropical Regent 1 and it is 2.1 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 Tropical Regent 1 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

5 out of 5 5
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
The project is next to the main road, a good location.
5 Jiao Lu, China, 4 years ago
The village is next to the main road and the location is excellent. It’s very convenient to go anywhere. When I get bored, I just drive to Central Chiang Mai, which takes only 5 minutes. I've been secure since moving in here. The security guy is caring and friendly. The neighbors are also lovely, and I got a lot of connections in Chiang Mai. At first, I was afraid that I would be alone here. But everyone is more friendly than I expected. This is a cozy place to live in.
Chiang Mai
San Sai Noi

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