Unit ID: U1977848
7% Rental Yield
Nong Phueng, Saraphi,Chiang Mai
฿4,700,000
3 Bedrooms
1.5
Bathrooms
185 SqM
Indoor Area
2
Storeys
Jan 2018
Completed

About This House

This property is a 185 SqM house with 3 bedrooms and 1.5 bathroom that is available for sale. It is part of the project in Nong Phueng, Chiang Mai and was completed in Jan 2018. You can buy this house for a base price of ฿4,700,000 (฿25,405/SqM).

Features

Pool AccessPool Access

Basic Information

Date Listed Dec 1, 2024
Updated 10 hours ago
Property Type House
Storeys 2
Location Nong Phueng, Chiang Mai
Bedrooms 3
Nearest Landmark Promenada Chiang Mai -2 Km
Indoor Area 185 SqM
Price per SqM ฿25,405
Outdoor Area
This is the combined size of the terrace, pool, parking area, and sala. It does not include the size of the garden.
29 SqM
Plot Size 260 SqM
Pets Cats and Dogs (small only)
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 2018)
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) Blocked 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
Electricity Price N/A
Water Price N/A
Unit ID U1977848

Investment Opportunity: Charges & Yield

Sale Price
฿4,700,000
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.
15
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 houses at Baan Karnkanok 12, and the current sales price.
7%

Project Details

Project Name: Baan Karnkanok 12
Construction: Completed (Aug 2018)
Units: 315
Project Area: 121,470 SqM
Nearest Landmark Promenada Chiang Mai - 2 Km
Location: Nong Phueng, Chiang Mai
Baan Karnkanok 12 Project Details

Project Features

Hotel Managed Hotel Managed
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
Sauna Sauna

Available Units at Baan Karnkanok 12

For Sale 4 For Rent 10
Get notified when new homes are being added to Baan Karnkanok 12
View All (4)

Loan Calculator

Frequently Asked Questions

All kind of pets are allowed at Baan Karnkanok 12 including dogs, cats, rabbits, hamsters, guinea pigs, birds, and reptiles.
Promenada Chiang Mai is the nearest Shopping Mall from Baan Karnkanok 12 and it is 2 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 Baan Karnkanok 12 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

Reviews

5 out of 5
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Good atmosphere.
Krittiyot J, Thailand, 5 years ago
I have the opportunity to visit the model house. The atmosphere here is shady and has a huge area. I'm okay with the surroundings. Nice house, modern design with three bedrooms and privately gated. The house has some furniture, which looks strong and durable. The clubhouse is large. There is a swimming pool, a fitness center, and children's play areas as well. Personally, the location is very convenient. I can travel to the city in 5 minutes. Next to the project, there are many shops. If you want to go to Chiang Mai International Airport, it only takes about 15 minutes.
Chiang Mai
Nong Phueng

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby Baan Karnkanok 12

Location
Number of units
Sales Prices
Monthly Rentals
Year Built
Completion Status
Project Name
Location
Number of units
Sales Prices
Monthly Rentals
Year Built
Completion Status
Location
Chai Sathan, Saraphi, Chiang Mai
Number of units
146
Sales Prices
฿990K - ฿2.5M
Monthly Rentals
฿13K - ฿16K
Year Built
Jun 1994
Completion Status
Completed
Location
Chai Sathan, Saraphi, Chiang Mai
Number of units
89
Sales Prices
฿3.8M - ฿9.5M
▼ -10% underpriced
Monthly Rentals
฿50K
Year Built
Oct 2020
Completion Status
Completed
Location
Nong Hoi, Saraphi, Chiang Mai
Number of units
56
Sales Prices
฿6.5M
▼ -25% underpriced
Monthly Rentals
฿25K - ฿35K
Year Built
May 2010
Completion Status
Completed
Project Name
The Urbana 1
Location
Tha Sala, Saraphi, Chiang Mai
Number of units
423
Sales Prices
฿3.19M - ฿22M
▼ -31% underpriced
Monthly Rentals
฿14.5K - ฿40K
Year Built
Dec 2015
Completion Status
Completed
Project Name
The Urbana 3
Location
Tha Sala, Saraphi, Chiang Mai
Number of units
237
Sales Prices
฿2.8M - ฿4.2M
Monthly Rentals
฿13K - ฿32K
Year Built
Nov 2014
Completion Status
Completed
Project Name
The Urbana 5
Location
Chai Sathan, Saraphi, Chiang Mai
Number of units
97
Sales Prices
฿3.49M
Monthly Rentals
N/A
Year Built
Oct 2015
Completion Status
Completed
Location
Chai Sathan, Saraphi, Chiang Mai
Number of units
234
Sales Prices
฿4.2M - ฿6M
▲ 10.3% overpriced
Monthly Rentals
฿30K - ฿35K
Year Built
Dec 2015
Completion Status
Completed
Location
Nong Phueng, Saraphi, Chiang Mai
Number of units
20
Sales Prices
฿11.5M - ฿85M
▲ 17.7% overpriced
Monthly Rentals
N/A
Year Built
Dec 2021
Completion Status
Completed
Location
Nong Hoi, Saraphi, Chiang Mai
Number of units
29
Sales Prices
฿5.5M
Monthly Rentals
฿38K - ฿40K
Year Built
N/A
Completion Status
Completed
Location
Pa Bong, Saraphi, Chiang Mai
Number of units
90
Sales Prices
฿3.85M - ฿8.5M
▼ -22.3% underpriced
Monthly Rentals
฿25K
Year Built
May 2003
Completion Status
Completed
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