Unit ID: U1892145
6% Rental Yield
Nong Pa Khrang, Mueang Chiang Mai,Chiang Mai
฿1,400,000
Studio Bedroom
1
Bathroom
32 SqM
Size
3
Floor
May 2015
Completed

About This Condo

This property is a 32 SqM studio condo with 1 bathroom that is available for sale. It is part of the Hillside Payap Condominium 8 project in Nong Pa Khrang, Chiang Mai and was completed in May 2015. You can buy this condo for a base price of ฿1,400,000 (฿43,750/SqM) and it is also available for long term rentals starting from ฿7,500 per month.

Condo For Sale/rent

Fully furnished with some equipments.Ready for sale/rent

Basic Information

Date Listed Jul 9, 2024
Updated 1 week ago
Property Type Condo
Floor 3
Bedroom Studio
Size 32 SqM
Price per SqM ฿43,750
Pets Not Allowed
Condo Ownership

Foreign nationals can be freehold owners of condominium units, in buildings where not more than 49% of the unit floor space is owned by foreigners. Units that are part of the Thai quota or are being leased for 30 years can be converted to the foreign freehold quota if that is currently below 49%.

Company
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) N/A
Unit Type N/A
Building 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
Each listing provided by partnered agents is individually verified by BPP. Partner Agents work for different brokerages or property management companies but have teamed up with BPP so that we can provide you a wider choice of properties
Agent / Partner
Electricity Price N/A
Water Price N/A
Unit ID U1892145

Investment Opportunity: Charges & Yield

Sale Price
฿1,400,000
Rent
฿7,500/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.
16
Rental Yield
This is the gross rental yield. To calculate this figure we use the advertised monthly rent rate (for a 1-year contract) and the current sales price.
6%

Project Details

Developer: N/A
Construction: Completed (May 2015)
Floors: 8
Buildings: N/A
Units: 78
Project Area: N/A
Nearest Landmark Bangkok Hospital Chiang Mai - 0.8 Km
Location: Nong Pa Khrang, Chiang Mai
Hillside Payap Condominium 8 Project Details

Project Features

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

Available Units at Hillside Payap Condominium 8

For Sale 2 For Rent 2
Get notified when new homes are being added to Hillside Payap Condominium 8
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Frequently Asked Questions

No pets are allowed at Hillside Payap Condominium 8 unless specifically permitted by the juristic office. Exceptions can be made for service or guide dogs for persons with disabilities.
Bangkok Hospital Chiang Mai is the nearest Hospital from Hillside Payap Condominium 8 and it is 0.8 km away.

Foreigners can own a condominium Freehold in their own name. Condominium ownership is best explained by looking at an example of a project that has 100 units for sale.

In this example, 49 of the total units in this building (or 49% of the total salable area) can be owned outright by non-thai nationals in their name.  The ownership titles of these 49 units is referred to as Freehold or Foreign Quota. 

This leaves 51 units remaining in the building (or 51% of the total salable). The freehold rights to these units are reserved for Thai nationals in what is commonly referred to as the Thai quota.

 

Read more here

After you have found the right property at Hillside Payap Condominium 8 you have to follow these steps:

  • - Agreement of terms and conditions
  • - Reservation Agreement
  • - Reservation Deposit
  • - Sales and Purchase Agreement
  • - Settlement & Transfer

 


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

Sale Price : ฿5,759,000
FazWaz Estimate : ฿5,550,000
Price Rating : Great Price
Sale Price : ฿12,140,999
FazWaz Estimate : ฿11,990,999
Price Rating : Great Price
Sale Price : ฿1299,999
FazWaz Estimate : ฿179,999
Price Rating : Overpriced
Sale Price : ฿159,999
FazWaz Estimate : ฿149,999
Price Rating : Fair Price

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Chiang Mai
Nong Pa Khrang

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby Hillside Payap Condominium 8

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
Nong Pa Khrang, Mueang Chiang Mai, Chiang Mai
Number of units
79
Sales Prices
฿1.23M
Monthly Rentals
฿20K
Year Built
Aug 2007
Completion Status
Completed
Location
Nong Pa Khrang, Mueang Chiang Mai, Chiang Mai
Number of units
79
Sales Prices
฿1.6M - ฿5.3M
▼ -30% underpriced
Monthly Rentals
฿14K - ฿25K
Year Built
May 2008
Completion Status
Completed
Project Name
Anasiri Payap
Location
Nong Pa Khrang, Mueang Chiang Mai, Chiang Mai
Number of units
101
Sales Prices
฿10.9M - ฿14.6M
Monthly Rentals
฿55K
Year Built
N/A
Completion Status
Completed
Project Name
My Hip Condo
Location
Nong Pa Khrang, Mueang Chiang Mai, Chiang Mai
Number of units
328
Sales Prices
฿2M - ฿7.22M
▼ -12.6% underpriced
Monthly Rentals
฿10K - ฿42K
Year Built
Nov 2014
Completion Status
Completed
Location
Nong Pa Khrang, Mueang Chiang Mai, Chiang Mai
Number of units
82
Sales Prices
฿7.4M
▼ -10% underpriced
Monthly Rentals
N/A
Year Built
Jan 2012
Completion Status
Completed
Location
Nong Pa Khrang, Mueang Chiang Mai, Chiang Mai
Number of units
32
Sales Prices
฿1.4M - ฿2.91M
Monthly Rentals
N/A
Year Built
Nov 2017
Completion Status
Completed
Location
Nong Pa Khrang, Mueang Chiang Mai, Chiang Mai
Number of units
152
Sales Prices
฿2.47M - ฿11.9M
▼ -10.3% underpriced
Monthly Rentals
฿9K
Year Built
Dec 2017
Completion Status
Completed
Location
Nong Pa Khrang, Mueang Chiang Mai, Chiang Mai
Number of units
152
Sales Prices
฿1.75M - ฿4.3M
▼ -14.6% underpriced
Monthly Rentals
฿12K
Year Built
Nov 2015
Completion Status
Completed
Location
Nong Pa Khrang, Mueang Chiang Mai, Chiang Mai
Number of units
N/A
Sales Prices
฿8.99M
Monthly Rentals
N/A
Year Built
N/A
Completion Status
Off Plan
Project Name
The Treasure
Location
Nong Pa Khrang, Mueang Chiang Mai, Chiang Mai
Number of units
497
Sales Prices
฿2.15M - ฿4.8M
▲ 10.3% overpriced
Monthly Rentals
฿12K - ฿16K
Year Built
Dec 2017
Completion Status
Completed
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