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    1 Bedroom Condo for sale at Lanna Nakorn Condotown
    Pa Tan, Mueang Chiang Mai,Chiang Mai
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    Sale Price
    ฿1,400,000
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    1 Bedroom Condo for sale at Lanna Nakorn Condotown
     (Write Review)
    Unit ID: U1953483
    6% Rental Yield
    Pa Tan, Mueang Chiang Mai,Chiang Mai
    ฿1,400,000
    1 Bedroom
    1
    Bathroom
    38 SqM
    Size
    6
    Floor
    Jan 2011
    Completed
    21
    Sale Price
    ฿1,400,000

    About This Condo

    This property is a 38 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the project in Pa Tan, Chiang Mai and was completed in Jan 2011. You can buy this condo for a base price of ฿1,400,000 (฿36,842/SqM).

    Modern Studio Condo for Living or Investment – 605A

    Can't Get a Loan? I'll Finance You! Thank you for taking the time to read this. I currently have 8 condos for sale at Lanna Nakhorn Condos, each offering excellent value for money.
    • Seven units range in size from 28 to 38 square meters.
    • The eighth unit is unique: it’s deeded as two separate units, but functions as a spacious 80 square meter, 1-bedroom unit.
    Owner Financing Available One of the most exciting aspects of these sales is that I am offering owner financing. If the buyer provides a 30% down payment and covers their own closing costs, I will finance the remaining balance. The financing terms are flexible and can be negotiated to suit your needs, with a time frame ranging from 6 months to 5 years. Interest rates will also be competitive and negotiated per unit. Perfect for Foreign Buyers This is a fantastic opportunity for foreign buyers who may struggle to secure traditional financing in Thailand but still want to own a home in Chiang Mai. Leased Units All of the condos are currently rented and subject to the terms of the tenants' existing leases. To respect their privacy and avoid unnecessary stress, any buyer interested in one of these units will need to submit an offer and go through the negotiation process with me first. After negotiations are complete, a showing of the specific property will be arranged. If, after viewing, the buyer decides not to proceed—no problem. No money will have changed hands, and both parties will be free to walk away. Next Steps If you’re interested or have any questions, I’d be happy to provide more information and clarify any details. Feel free to reach out to me at your convenience. For Sale: Modern Studio Condo for Living or Investment – 605A Price: THB 1,400,000Size: 38 sqm | Fully Furnished Property Overview: This beautifully remodeled, modern studio condo offers a clean, airy, and comfortable living space, ideal for both personal use or as an investment property. The unit is situated in a highly convenient location with easy access to all major areas. The fully enclosed balcony has been converted into a Western-style kitchen, equipped with a refrigerator and plenty of countertop space, perfect for cooking enthusiasts. Key Features:
    • Fully Furnished: Includes a king-sized bed, a fold-out couch that doubles as a guest bed, a kitchen table with 4 chairs, a coffee table, wardrobe, and a makeup area with a mirror.
    • Kitchen: The enclosed balcony has been transformed into a functional kitchen, offering ample storage space, cupboard space, and a large countertop for food preparation.
    • Energy-efficient air conditioner retrofitted for maximum comfort.
    Recent Renovations (as of 2020):
    • Tile floors throughout, with ceramic tiles in the bathroom.
    • Recessed lighting and dropped ceilings installed, enhancing the modern feel.
    • Storage racks and a large mirror installed in the bathroom for added convenience.
    • Bamboo blinds and soffits installed in the kitchen, providing a functional yet stylish design.
    • A divider wall has been added to create a separate bedroom area, adding a sense of privacy within the studio layout.
    • Bull-nosed corners and widened wall openings enhance the overall spaciousness of the condo.
    • Additional features include a Lazy Susan and electrical outlets in the TV area, along with a stunning sky/cloud wallpaper on the ceiling to bring in a unique touch.
    Location Benefits: The condo is perfectly situated for those looking for a quiet living environment, yet still within 10 minutes of key areas like the Old City, Nimman, Central Festival, and major supermarkets such as Big C Extra, Index Living Mall, and Makro. It’s also in close proximity to Bangkok Hospital, the train and bus stations, and several international schools, making it a convenient option for both residents and tenants. Whether you’re looking for a stylish home or a smart investment, this condo offers everything you need.

    Basic Information

    Date Listed Oct 21, 2024
    Updated 1 week ago
    Property Type Condo
    Floor 6
    Bedroom 1
    Size 38 SqM
    Price per SqM ฿36,842
    Pets Not Allowed
    Condo Ownership

    Foreign nationals can own condominium units as freehold owners in buildings where no 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 it is currently below 49%.

    Foreign Quota, 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) 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.
    ฿541/mo
    Listed By
    Private Owner
    Electricity Price N/A
    Water Price N/A
    Unit ID U1953483

    Investment Opportunity: Charges & Yield

    Sale Price
    ฿1,400,000
    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.
    ฿541/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 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 Lanna Nakorn Condotown, and the current sales price.
    6%

    Project Details

    Project Name: Lanna Nakorn Condotown
    Developer: N/A
    Construction: Completed (Jan 2011)
    Floors: 7
    Buildings: N/A
    Units: 629
    Project Area: N/A
    Nearest Landmark Chiang Mai Bus Terminal 1 - 2.2 Km
    Location: Pa Tan, Chiang Mai
    Lanna Nakorn Condotown Project Details

    Project Features

    24H Security 24H Security
    Car Parking Car Parking

    Available Units at Lanna Nakorn Condotown

    For Sale 7 For Rent 1
    • All
    • Studio
    • 1 Bed
    Get notified when new homes are being added to Lanna Nakorn Condotown
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    Frequently Asked Questions

    No pets are allowed at Lanna Nakorn Condotown unless specifically permitted by the juristic office. Exceptions can be made for service or guide dogs for persons with disabilities.
    Chiang Mai Bus Terminal 1 is the nearest Bus Terminal from Lanna Nakorn Condotown and it is 2.2 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 Lanna Nakorn Condotown 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

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    Chiang Mai
    Pa Tan

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