Unit ID: U1915866
7% Rental Yield
Hang Dong,Chiang Mai, Thailand
฿5,500,000
3 Bedrooms
3
Bathrooms
250 SqM
Indoor Area
2
Storeys
Completed

About This House

This property is a 250 SqM house with 3 bedrooms and 3 bathrooms that is available for sale. It is part of the Baan Rungaroon 3 project in Hang Dong, Chiang Mai. You can buy this house for a base price of ฿5,500,000 (฿22,000/SqM).

2-Story Detached Multi-Level House (Hang Dong) – Excellent Location, Corner Plot, Very Good Condition. Land Area: 120 sq.wah / 480 m2 Location: Convenient, near the entrance/exit of the village, just 500 meters from the village clubhouse  Located in the Baan Rung Arun 3 project, Hang Dong, easily accessible via Highways 108 and 3035  3 Bedrooms / 3 Bathrooms Living room Multi level to kitchen Storage roomLarg garden   Spacious lawn Large balcony off the master bedroom  Ready to move in, fully furnished with furniture and appliances: Water tank, insect screens, iron bars, curtains, air conditioning in all bedrooms, water heaters in all bathrooms Nearby Amenities:   Hang Dong Market: 1.4 km Hang Dong Hospital: 1.8 km Kad Farang/Premium Outlet: 2.8 km Big C Hang Dong 2: 3.5 km Rangsit Bilingual International School, Chiang Mai: 4.4 km Panyaden International School: 5 km Lanna International School: 7 km Chiang Mai International Airport: 15.6 km 

Features

Private GardenPrivate Garden TerraceTerrace Covered ParkingCovered Parking BalconyBalcony MicrowaveMicrowave TVTV

Basic Information

Date Listed Aug 23, 2024
Updated 3 weeks ago
Property Type House (Single Detached)
Storeys 2
Location Hang Dong, Chiang Mai
Bedrooms 3
Nearest Landmark Big C Hang Dong -2.8 Km
Indoor Area 250 SqM
Price per SqM ฿22,000
Outdoor Area
This is the combined size of the terrace, pool, parking area, and sala. It does not include the size of the garden.
230 SqM
Plot Size 480 SqM
Pets All Kind of Pets Allowed
House Ownership

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

Thai Ownership, Company, Leasehold
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, Leasehold
Land Title Deed Chanote
Construction Completed
Furniture
Partly furnished means the property contains the basics i.e. beds, sofa, table and chairs, wardrobes but no electronic appliances, utensils and glassware in the kitchen.
Partly Furnished
View(s) City View, Garden View
Unit Type N/A
Parking Spots 3
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.
฿720/mo
Listed By
Private Owner
Electricity Price N/A
Water Price N/A
Unit ID U1915866

Investment Opportunity: Charges & Yield

Sale Price
฿5,500,000
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.
฿720/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.
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 Rungaroon 3, and the current sales price.
7%

Project Details

Project Name: Baan Rungaroon 3
Developer: N/A
Construction: Completed (Apr 2015)
Units: 84
Project Area: N/A
Nearest Landmark Big C Hang Dong - 2.8 Km
Location: Hang Dong, Chiang Mai
Baan Rungaroon 3 Project Details

Project Features

Communal Pool Communal Pool
Communal Gym Communal Gym
Clubhouse Clubhouse
Car Parking Car Parking

Available Units at Baan Rungaroon 3

For Sale 6 For Rent 6
Get notified when new homes are being added to Baan Rungaroon 3
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Frequently Asked Questions

All kind of pets are allowed at Baan Rungaroon 3 including dogs, cats, rabbits, hamsters, guinea pigs, birds, and reptiles.
Big C Hang Dong is the nearest Market from Baan Rungaroon 3 and it is 2.8 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 Rungaroon 3 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

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Location and Neighborhood

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