1 Bedroom Condo for sale at The Nimmana Condo

(5 Reviews)
Suthep, Mueang Chiang Mai,Chiang Mai
Unit ID: U149141
5% Rental Yield
1 Bedroom
1 Bathroom
45.20 SqM Size
7 Floor
Mar 2015 Completed

About This Condo

This property is a 45.20 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the The Nimmana Condo project in Suthep, Chiang Mai and was completed in Mar 2015. You can buy this condo for a base price of ฿5,500,000 (฿121,681/SqM).

Features

BalconyBalcony

Basic Information

Date Listed Mar 28, 2022
Updated 1 year ago
Property Type Condo
Floor 7
Bedroom 1
Size 45.20 SqM
Price per SqM ฿121,681
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%.

Thai Quota
Furniture
Unfurnished
View(s) Pool View
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.
฿2,034/mo
Listed By
Private Owner
Electricity Price N/A
Water Price N/A
Unit ID U149141

Price Analysis

Above Average
Estimated market value ฿4,248,687
Great
฿3,330,000
Good
Fair
Above
฿5,490,000
Current asking Price: ฿5,500,000 | Rental estimate: ฿23,200/mo
This condo is ฿1,251,313 ABOVE MARKET (29%) in the Chiang Mai area. It is analyzed against similar condos and is based on previous transaction data, the current market situation, neighborhood details, and the specific details of this property.
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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.
฿2,034/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.
20
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 1 bedroom condos at The Nimmana Condo, and the current sales price.
5%

Project Details

Project Name: The Nimmana Condo
Construction: Completed (Mar 2015)
Floors: 8
Buildings: 3
Units: 350
Project Area: 6,186 SqM
Nearest Landmark Maya Lifestyle Shopping Center - 0.5 Km
Location: Suthep, Chiang Mai
The Nimmana Condo Project Details

Project Features

Communal Pool Communal Pool
Communal Gym Communal Gym
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Car Parking Car Parking
Sauna Sauna
Reception / Lobby Area Reception / Lobby Area
Communal Garden Area Communal Garden Area
Key card access Key card access

Popular Facilities at The Nimmana Condo

  • Reception / Lobby Area
    Ground Floor
  • Communal Pool
    Ground Floor
  • Communal Gym
    Ground Floor

Available Units at The Nimmana Condo

For Sale 14 For Rent 15
Available Units at The Nimmana Condo
฿12,500,000
฿106,956/SqM
Beds 2 Beds
Baths 2 Baths
Size 116.87 SqM Size
Floor 4 Floor
Foreign Quota Fully Furnished Mountain View
Available Units at The Nimmana Condo
฿5,200,000
฿94,545/SqM
Beds 2 Beds
Baths 1 Baths
Size 55 SqM Size
Floor 7 Floor
Thai Quota Fully Furnished City View
Available Units at The Nimmana Condo
฿4,500,000
฿102,273/SqM
Beds 1 Beds
Baths 1 Baths
Size 44 SqM Size
Floor 4 Floor
Thai Quota Fully Furnished Mountain View
Available Units at The Nimmana Condo
฿4,500,000
฿102,273/SqM
Beds 1 Beds
Baths 1 Baths
Size 44 SqM Size
Floor 4 Floor
Thai Quota Fully Furnished Mountain View
Available Units at The Nimmana Condo
฿3,600,000
฿109,091/SqM
Beds Studio Beds
Baths 1 Baths
Size 33 SqM Size
Floor 7 Floor
Thai Quota Fully Furnished City View
Available Units at The Nimmana Condo
฿4,400,000฿4,500,000
฿97,778/SqM
Great Price
Beds 1 Beds
Baths 1 Baths
Size 45 SqM Size
Floor Ground Floor Floor
Thai Quota Fully Furnished Pool View
Available Units at The Nimmana Condo
฿4,650,000
฿101,087/SqM
Great Price
Beds 1 Beds
Baths 1 Baths
Size 46 SqM Size
Floor 4 Floor
Thai Quota Fully Furnished Pool View
Available Units at The Nimmana Condo
฿3,749,999
฿85,227/SqM
Beds 1 Beds
Baths 1 Baths
Size 44 SqM Size
Floor 2 Floor
Thai Quota Partly Furnished Garden View
Available Units at The Nimmana Condo
฿4,900,000
฿104,255/SqM
Good Price
Beds 1 Beds
Baths 1 Baths
Size 47 SqM Size
Floor 3 Floor
Foreign Quota Fully Furnished Mountain View
Available Units at The Nimmana Condo
฿5,500,000
฿101,852/SqM
Beds 1 Beds
Baths 1 Baths
Size 54 SqM Size
Floor 3 Floor
Foreign Quota Fully Furnished Pool View
Available Units at The Nimmana Condo
฿5,000,000
฿94,340/SqM
Great Price
Beds 2 Beds
Baths 1 Baths
Size 53 SqM Size
Floor 8 Floor
Thai Quota Fully Furnished Unblocked Open View
Available Units at The Nimmana Condo
฿5,500,000
฿121,681/SqM
Beds 1 Beds
Baths 1 Baths
Size 45.20 SqM Size
Floor 7 Floor
Thai Quota Unfurnished Pool View
Available Units at The Nimmana Condo
฿5,000,000
฿100,000/SqM
Great Price
Beds 1 Beds
Baths 1 Baths
Size 50 SqM Size
Floor 5 Floor
Thai Quota Fully Furnished Unblocked Open View
Available Units at The Nimmana Condo
฿5,500,000
฿104,364/SqM
Beds 2 Beds
Baths 1 Baths
Size 52.70 SqM Size
Floor 2 Floor
Fully Furnished Garden View
Get notified when new homes are being added to The Nimmana Condo
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Frequently Asked Questions

No pets are allowed at The Nimmana Condo unless specifically permitted by the juristic office. Exceptions can be made for service or guide dogs for persons with disabilities.
The common area maintenance fee is ฿45 per square meter based on the size of indoor area of the property and is ฿2,034 for this condo. This fee has to be paid by owners for the upkeep of the common areas of the project. For new residential developments, it is common to pay up to 1-3 years’ common area maintenance fees in advance upon the transfer of the properties' ownership.
For new projects, the buyer pays a one-off lump sum upon transfer of the property from the developer to the buyer. This fund is to be used for major renovations and replacement of equipment when necessary, to ensure the maintenance of the building and the common area. At The Nimmana Condo the required payment for the sinking fund is ฿500 per square meter based on the size of the indoor area of the property.
Maya Lifestyle Shopping Center is the nearest Shopping Mall from The Nimmana Condo and it is 0.5 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 The Nimmana Condo 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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Reviews

4.2 out of 5
Based on
5 Reviews
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Convenient location close to Chiang Mai Airport
Agela Lunn, Denmark, 4 years ago
We have stayed here for 1 year. The condo location is good and convenient for daily life. There are both on-site restaurants and a convenience store. The condo staff serves good services and excellently helps the residents. The rooms are beautiful, clean, and have a balcony overlooking the pool view. The neighbors are also friendly. It is regretful as it is near the airport. During the daytime, if we don't close the door at the balcony, we will hear the airplane's sound all the time. But personally, there is no problem at all because I became used to the sound of it. Living comfortably!!
Cozy condo
Yuth H., Thailand, 4 years ago
A condo in a friendly environment in the heart of the Nimman area. The neighborhood is crowded by teenagers as the area is filled with chic restaurants and modern bars. The project facilities include a swimming pool, a garden, parking, and security guards in charge for 24 hours. They are so polite and helpful. The exterior is marvelous, while the interior is decorated according to European standards. The room is spacious, and space is allocated quite well.
Luxurious rooms located in the heart of Chiang Mai City
Layla Gray, Denmark, 5 years ago
I stay here with my boyfriend. The condo is located in the Nimman area of the Chiang Mai center. The project facilities are complete. The prices here are worth the price. The environment is also good, and the weather is good all year round. Beneath the condo comprises a large swimming pool. Moreover, the common area is spacious. Even though it has only 8 floors, it is a luxury and worth the price. The staff is helpful and friendly, but they rarely speak English.
The location is perfect
Aliice Alejandro, United States, 5 years ago
I’ve been renting this place for almost a year. The location is perfect as it is in the city center, making it pretty easy to travel anywhere. There are many shops, restaurants, and chic cafes in the Nimman area, and there is also a famous department store like Maya Chiang Mai. Also, here it is near the airport, there might be a little noise, so It’s not recommended for those who love peace. The room I stayed in is a one-bedroom room which is well-decorated in modern style. The condition of this condo still looks new as it’s well-maintained. The staff always keeps the common area clean. In my spare time, I usually read books on the terrace by the swimming pool, which makes me so relaxed. For those who want to work out, there is also a fitness center here that is fully-equipped. I would recommend this condo to anyone who is searching for a condo in the Nimman area. The price is also reasonable, judging from its quality.
Where I'm impressed
Wichien T., Thailand, 5 years ago
It is probably one of the most beautiful condos in the Nimman area. The pool area is quiet, where to sit and relax in the leisure time. The staff are also helpful and friendly. It is convenient to have great accommodation in a lively area in Chiang Mai. It might be a bit noisy as it is near the airport. It is only 400 meters from the Maya Mall and closes to restaurants, 7-Eleven, shops, and others. It is about 2 kilometers from the old town, easily accessible by private car, tuk-tuk or taxi, depending on your convenience.
Chiang Mai
Suthep

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby The Nimmana Condo

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
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
79
Sales Prices
฿3.4M - ฿15M
Monthly Rentals
฿42K - ฿50K
Year Built
Nov 2009
Completion Status
Completed
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
75
Sales Prices
฿3.75M - ฿6.78M
▼ -20.7% underpriced
Monthly Rentals
฿21K
Year Built
Jan 2014
Completion Status
Completed
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
79
Sales Prices
฿5.6M - ฿6M
▼ -22.5% underpriced
Monthly Rentals
฿22K - ฿23K
Year Built
Nov 2010
Completion Status
Completed
Project Name
103 Condo Nimman
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
100
Sales Prices
฿2.89M
Monthly Rentals
N/A
Year Built
May 1970
Completion Status
Completed
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
72
Sales Prices
฿4.3M - ฿17M
▼ -30% underpriced
Monthly Rentals
฿28K
Year Built
Jan 2014
Completion Status
Completed
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
370
Sales Prices
฿1.8M - ฿24M
▼ -33% underpriced
Monthly Rentals
฿8K - ฿90K
Year Built
Dec 2009
Completion Status
Completed
Project Name
Liv@Nimman
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
68
Sales Prices
฿4.69M - ฿5M
Monthly Rentals
฿25K
Year Built
Sep 2014
Completion Status
Completed
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
150
Sales Prices
฿1.5M - ฿3.49M
Monthly Rentals
N/A
Year Built
Jan 2012
Completion Status
Completed
Project Name
103 Condominium 2
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
120
Sales Prices
฿2.69M
Monthly Rentals
฿4.5K
Year Built
Dec 1987
Completion Status
Completed
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
62
Sales Prices
฿3.19M - ฿3.9M
Monthly Rentals
N/A
Year Built
Aug 2015
Completion Status
Completed
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