Unit ID: U1183594
7% Rental Yield
Mae Hia, Mueang Chiang Mai,Chiang Mai
฿2,690,000
3 Bedrooms
2
Bathrooms
93 SqM
Indoor Area
2
Storeys
Jan 2016
Completed

About This Townhouse

This property is a 93 SqM townhouse with 3 bedrooms and 2 bathrooms that is available for sale. It is part of the project in Mae Hia, Chiang Mai and was completed in Jan 2016. You can buy this townhouse for a base price of ฿2,690,000 (฿28,925/SqM).

Townhome Pruksa Ville 75 Ratchaphruek-Mae Hia Project

The first floor uses large granite tiles to add elegance to the reception and dining area. The upper floor is covered with laminate flooring. Tempered glass for wet and dry bathroom, American Standard sanitary ware, security system In-out the project using the key card system Located on the 700-year-old Sompoch Road (Ring Road 2) between the intersection of Mae Hia and Ratchaphruek (Horticulture World), therefore very close to the city. Or the airport is not more than 10 minutes near the bazaar and many famous restaurants throughout this road.

Features

TerraceTerrace BalconyBalcony

Basic Information

Date Listed Dec 14, 2022
Updated 2 years ago
Property Type Townhouse
Storeys 2
Location Mae Hia, Chiang Mai
Bedrooms 3
Nearest Landmark Chiang Mai International Airport -4.5 Km
Indoor Area 93 SqM
Price per SqM ฿28,925
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 72 SqM
Pets All Kind of Pets Allowed
Townhouse Ownership

Foreign nationals can own the building (townhouse) 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 (Jan 2016)
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) 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 U1183594

Investment Opportunity: Charges & Yield

Sale Price
฿2,690,000
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 townhouses at Pruksa Ville 75 Rajapreuk-MaeHia, and the current sales price.
7%

Project Details

Developer: Pruksa Real Estate
Construction: Completed (Jan 2016)
Units: 170
Project Area: N/A
Nearest Landmark Chiang Mai International Airport - 4.5 Km
Location: Mae Hia, Chiang Mai
Pruksa Ville 75 Rajapreuk-MaeHia Project Details

Project Features

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

Available Units at Pruksa Ville 75 Rajapreuk-MaeHia

For Sale 4 For Rent 4
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Frequently Asked Questions

All kind of pets are allowed at Pruksa Ville 75 Rajapreuk-MaeHia including dogs, cats, rabbits, hamsters, guinea pigs, birds, and reptiles.
Chiang Mai International Airport is the nearest Airport from Pruksa Ville 75 Rajapreuk-MaeHia and it is 4.5 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 Pruksa Ville 75 Rajapreuk-MaeHia 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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Mae Hia

Neighborhood Overview

Location and Neighborhood

Street View

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