2 Bedroom Condo for sale at The Next 2

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Tha Sala, Mueang Chiang Mai,Chiang Mai
Unit ID: U33532
9% Rental Yield
2 Bedrooms
2 Bathrooms
58 SqM Size
5 Floor
Nov 2014 Completed

About This Condo

This property is a 58 SqM condo with 2 bedrooms and 2 bathrooms that is available for sale. It is part of the The Next 2 project in Tha Sala, Chiang Mai and was completed in Nov 2014. You can buy this condo for a base price of ฿3,300,000 (฿56,897/SqM) and it is also available for long term rentals starting from ฿25,000 per month.

Features

Covered ParkingCovered Parking BalconyBalcony

Basic Information

Date Listed Sep 27, 2017
Updated 4 years ago
Property Type Condo
Floor 5
Bedrooms 2
Size 58 SqM
Price per SqM ฿56,897
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%.

N/A
Furniture
Unfurnished
View(s) Mountain View, City 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.
฿1,450/mo
Listed By
Private Owner
Electricity Price N/A
Water Price N/A
Unit ID U33532

Price Analysis

Good Price
Estimated market value ฿3,531,378
Great
฿3,230,000
Good
Fair
Above
฿3,810,000
Current asking Price: ฿3,300,000 | Advertised rental rate: ฿25,000/mo
This condo is ฿231,378 BELOW MARKET (-7%) 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

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.
฿1,450/mo
Rent
฿25,000/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.
11
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.
9%

Project Details

Project Name: The Next 2
Developer: N/A
Construction: Completed (Nov 2014)
Floors: 7
Buildings: N/A
Units: 134
Project Area: N/A
Nearest Landmark Bangkok Hospital Chiang Mai - 0.7 Km
Location: Tha Sala, Chiang Mai
The Next 2 Project Details

Project Features

Communal Pool Communal Pool
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
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Available Units at The Next 2

For Sale 2 For Rent 1
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Frequently Asked Questions

The common area maintenance fee is ฿25 per square meter based on the size of indoor area of the property and is ฿1,450 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.
Bangkok Hospital Chiang Mai is the nearest Hospital from The Next 2 and it is 0.7 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 Next 2 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

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FazWaz Estimate : ฿5,550,000
Price Rating : Great Price
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Price Rating : Great Price
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FazWaz Estimate : ฿179,999
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Price Rating : Fair Price

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Chiang Mai
Tha Sala

Neighborhood Overview

Location and Neighborhood

Street View

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