Unit ID: U1167636
8% Rental Yield
San Phak Wan, Hang Dong,Chiang Mai
฿10,000,000 ฿13,900,000
4 Bedrooms
4
Bathrooms
350 SqM
Indoor Area
2
Storeys
8 Months
Made To Order

About This House

This property is a 350 SqM house with 4 bedrooms and 4 bathrooms that is available for sale. It is part of the project in San Phak Wan, Chiang Mai and will be built within 8 months of purchase. You can buy this house for a base price of ฿10,000,000 (฿28,571/SqM).

Features

Private GardenPrivate Garden Covered ParkingCovered Parking BalconyBalcony Washing MachineWashing Machine MicrowaveMicrowave

Basic Information

Date Listed Nov 1, 2022
Updated 2 years ago
Property Type House
Storeys 2
Location San Phak Wan, Chiang Mai
Bedrooms 4
Nearest Landmark Chiang Mai Premium Outlet -1.8 Km
Indoor Area 350 SqM
Price per SqM ฿28,571
Outdoor Area
This is the combined size of the terrace, pool, parking area, and sala. It does not include the size of the garden.
520 SqM
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.

N/A
Land Title Deed N/A
Construction Made To Order (8 Months)
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) Garden View
Unit Type N/A
Parking Spots N/A
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 U1167636

Investment Opportunity: Charges & Yield

Sale Price
฿10,000,000
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.
13
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 4 bedroom houses at The Zentric, and the current sales price.
8%

Project Details

Project Name: The Zentric
Developer: N/A
Construction: Made To Order (8 Months)
Units: 495
Project Area: N/A
Nearest Landmark Chiang Mai Premium Outlet - 1.8 Km
Location: San Phak Wan, Chiang Mai
The Zentric Project Details

Project Features

On Site Restaurant On Site Restaurant
Communal Pool Communal Pool
Jacuzzi Jacuzzi
Communal Gym Communal Gym
Bar Bar
Clubhouse Clubhouse
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Indoor Kids Zone Indoor Kids Zone
Car Parking Car Parking
Spa Spa
Steam Room Steam Room
Sauna Sauna
Reception / Lobby Area Reception / Lobby Area

Available Units at The Zentric

For Sale 3 For Rent 3
Get notified when new homes are being added to The Zentric
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Loan Calculator

Frequently Asked Questions

All kind of pets are allowed at The Zentric including dogs, cats, rabbits, hamsters, guinea pigs, birds, and reptiles.
Chiang Mai Premium Outlet is the nearest Shopping Mall from The Zentric and it is 1.8 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 The Zentric 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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Chiang Mai
San Phak Wan

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby The Zentric

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
Project Name
Koolpunt Ville 9
Location
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Number of units
32
Sales Prices
฿2.68M - ฿24.9M
▼ -16.2% underpriced
Monthly Rentals
฿15K - ฿100K
Year Built
Mar 2009
Completion Status
Completed
Location
San Phak Wan, Hang Dong, Chiang Mai
Number of units
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฿4.4M
Monthly Rentals
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Dec 2022
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Completed
Project Name
Baan Kahabordee
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San Phak Wan, Hang Dong, Chiang Mai
Number of units
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฿3.3M - ฿4.5M
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฿2.49M - ฿7.9M
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Ban Waen, Hang Dong, Chiang Mai
Number of units
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Sales Prices
฿6.59M
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N/A
Year Built
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Completion Status
Completed
Location
San Phak Wan, Hang Dong, Chiang Mai
Number of units
19
Sales Prices
฿2.9M - ฿4.5M
Monthly Rentals
฿30K
Year Built
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Completion Status
Completed
Location
Ban Waen, Hang Dong, Chiang Mai
Number of units
105
Sales Prices
฿1.9M - ฿26M
▼ -12% underpriced
Monthly Rentals
฿20K - ฿100K
Year Built
Jan 2020
Completion Status
Completed
Project Name
Lanna City
Location
San Phak Wan, Hang Dong, Chiang Mai
Number of units
N/A
Sales Prices
฿3.3M
Monthly Rentals
N/A
Year Built
Jan 2019
Completion Status
Completed
Location
San Phak Wan, Hang Dong, Chiang Mai
Number of units
90
Sales Prices
฿2.89M
Monthly Rentals
฿17K - ฿35K
Year Built
N/A
Completion Status
Completed
Project Name
Mooban Wangtan
Location
San Phak Wan, Hang Dong, Chiang Mai
Number of units
N/A
Sales Prices
฿7.89M - ฿25.9M
Monthly Rentals
฿65K
Year Built
Oct 2023
Completion Status
Completed
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