Unit ID: U1947073
4% Rental Yield
Chai Sathan, Saraphi,Chiang Mai
฿6,900,000
3 Bedrooms
3
Bathrooms
300 SqM
Indoor Area
2
Storeys
Completed

About This House

This property is a 300 SqM house with 3 bedrooms and 3 bathrooms that is available for sale. It is part of the project in Chai Sathan, Chiang Mai. You can buy this house for a base price of ฿6,900,000 (฿23,000/SqM).

3 Bedroom for Sale: Near International School 6.99 Million

A newly renovated 2-story detached house located in D'Oriental Village, Mueang Chiang Mai. Offering 300 SQM. of living space on a 64 sq.wah plot, this ready-to-move-in home includes:   3 Bedrooms 3 Bathrooms 1 Living Room 1 Kitchen Private Parking for 2 Cars  Prime Location, Convenient Access to Key Places:   900 m to Charoen Market 6.8 km to Bangkok Hospital 2.4 km to Central Airport Plaza Chiang Mai 8.7 km to ABS and ACIS schools 8.7 km to Unity School 4.7 km to Montfort College 6.5 km to Varee School Home Features:   Toto sanitary ware Hitachi water pump Water tank One-year termite treatment service Fully built-in, kitchen equipped with stove and extractor hood ‼️ Priced at Only 6.99 Million THB ‼️ Transfer fees split equally between buyer and seller   This House is Ideal for:   Investors seeking a property with potential for appreciation Those desiring a residence near key locations and international schools Situated on the route to the upcoming new international airport with an 8-lane road

Features

Private GardenPrivate Garden TerraceTerrace BalconyBalcony

Basic Information

Date Listed Oct 15, 2024
Updated 1 month ago
Property Type House (Single Detached)
Storeys 2
Location Chai Sathan, Chiang Mai
Bedrooms 3
Nearest Landmark Promenada Chiang Mai -1 Km
Indoor Area 300 SqM
Price per SqM ฿23,000
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 N/A
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
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 N/A
Construction Completed
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) Garden 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 U1947073

Investment Opportunity: Charges & Yield

Sale Price
฿6,900,000
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.
23
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 The Oriental (Regent 3), and the current sales price.
4%

Project Details

Project Name: The Oriental (Regent 3)
Developer: N/A
Construction: Completed (Dec 2017)
Units: 323
Project Area: N/A
Nearest Landmark Promenada Chiang Mai - 1 Km
Location: Chai Sathan, Chiang Mai
The Oriental (Regent 3) Project Details

Project Features

24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Sauna Sauna

Available Units at The Oriental (Regent 3)

For Sale 9 For Rent 5
Get notified when new homes are being added to The Oriental (Regent 3)
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Frequently Asked Questions

All kind of pets are allowed at The Oriental (Regent 3) including dogs, cats, rabbits, hamsters, guinea pigs, birds, and reptiles.
Promenada Chiang Mai is the nearest Shopping Mall from The Oriental (Regent 3) and it is 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 The Oriental (Regent 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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Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby The Oriental (Regent 3)

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Number of units
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Completion Status
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Number of units
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Sales Prices
฿3.72M - ฿4.02M
Monthly Rentals
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Year Built
Nov 2015
Completion Status
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Location
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Number of units
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Sales Prices
฿20.1M
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Year Built
Mar 2015
Completion Status
Completed
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