1 Bedroom Condo for sale at The Unique at Nimman 2

4.83 (1 Review)
Suthep, Mueang Chiang Mai,Chiang Mai
Unit ID: U153514
4% Rental Yield
฿4,300,000 ฿4,500,000 Great Price
1 Bedroom
1 Bathroom
50.60 SqM Size
4 Floor
Jan 2014 Completed

About This Condo

This property is a 50.60 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the The Unique at Nimman 2 project in Suthep, Chiang Mai and was completed in Jan 2014. You can buy this condo for a base price of ฿4,300,000 (฿84,980/SqM) and it is also available for long term rentals starting from ฿15,000 per month.

Features

BalconyBalcony

Basic Information

Property Type Condo
Floor 4
Bedroom 1
Size 50.60 SqM
Price per SqM ฿84,980
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
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) Mountain View, Blocked 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.
฿2,277/mo
Listed By
Private Owner
Date Listed Feb 4, 2019
Last Updated 8 months ago
Unit ID U153514

3D Walkthrough

Price Analysis

Great Price
Estimated market value ฿5,685,816
Great
฿4,520,000
Good
Fair
Above
฿6,990,000
Current asking Price: ฿4,300,000 | Advertised rental rate: ฿15,000/mo
This condo is ฿1,385,816 BELOW MARKET (-24%) 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.
Powered by FazWaz AVM

Investment Opportunity: Charges & Yield

Sale Price
฿4,300,000
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.
฿2,277/mo
Rent
฿15,000/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.
24
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.
4%

Project Details

Project Name: The Unique at Nimman 2
Construction: Completed (Jan 2014)
Floors: 8
Buildings: 1
Units: 72
Project Area: 995 SqM
Nearest Landmark Han Teung Chiang Mai ( @Chiang Mai ) - 0.2 Km
Location: Mueang Chiang Mai, Chiang Mai
The Unique at Nimman 2 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
Laundry Facilities / Dry Cleaning Laundry Facilities / Dry Cleaning
Back Up Generators Back Up Generators
Key card access Key card access

Popular Facilities at The Unique at Nimman 2

  • Communal Pool
    2nd Floor
  • Communal Gym
    2nd Floor

Loan Calculator

Payment Plan

Untitle
Installment Milestone Payment
Reservation Deposit
Immediately
฿50,000
1st Installment
Upon contract signing
฿200,000
2nd Installment
On handover
100%

Frequently Asked Questions

No pets are allowed at The Unique at Nimman 2 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 ฿2,277 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 Unique at Nimman 2 the required payment for the sinking fund is ฿500 per square meter based on the size of the indoor area of the property.
Han Teung Chiang Mai ( @Chiang Mai ) is the nearest Neighborhood from The Unique at Nimman 2 and it is 0.2 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 Unique at Nimman 2 you have to follow these steps:

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

 


Untitle
Installment Milestone Payment
Reservation Deposit
Immediately
฿50,000
1st Installment
Upon contract signing
฿200,000
2nd Installment
On handover
100%

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

4.8 out of 5 4.83
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Beautiful condo
4.8 Oliver Hascher, Germany, 4 years ago
The condo is beautifully designed, which I like very much. Also, the location is perfect as it’s to Chiang Mai Night Bazaar, and CentralPlaza Chiang Mai Airport, and Chiang Mai International Airport. Plus, there are complete facilities in the common area, including a swimming pool, fitness center, elevator access control, and 24h security system, which makes me feel at ease. Most importantly, there are only a few units, making it so private. Unfortunately, there are only two types of rooms here: 1 bedroom and 2 bedrooms, not suitable for a big family.
Chiang Mai
Suthep

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby The Unique at Nimman 2

Location
Number of units
Sales Prices
Monthly Rentals
Year Built
Completion Status
Project Name
Location
Number of units
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Monthly Rentals
Year Built
Completion Status
Project Name
103 Condo Nimman
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
100
Sales Prices
฿1.4M - ฿2.71M
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Year Built
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Completion Status
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Location
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Number of units
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Year Built
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Project Name
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Location
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Number of units
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Location
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Number of units
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Monthly Rentals
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Year Built
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Completion Status
Completed
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
79
Sales Prices
฿5.64M - ฿6.04M
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Monthly Rentals
฿22.2K
Year Built
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Completion Status
Completed
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
370
Sales Prices
฿1.6M - ฿24.2M
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Monthly Rentals
฿18.1K - ฿90.6K
Year Built
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Completion Status
Completed
Project Name
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Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
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Sales Prices
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Monthly Rentals
฿18.1K - ฿22.2K
Year Built
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Completion Status
Completed
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
62
Sales Prices
฿3.93M
Monthly Rentals
N/A
Year Built
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Completion Status
Completed
Project Name
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Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
120
Sales Prices
฿2.52M - ฿4.53M
Monthly Rentals
N/A
Year Built
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Completion Status
Completed
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
150
Sales Prices
฿1.51M
Monthly Rentals
N/A
Year Built
Jan 2012
Completion Status
Completed
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