2 Bedroom Condo for sale at Twin Peaks

(5 Reviews)
Chang Khlan, Mueang Chiang Mai,Chiang Mai
Unit ID: U664014
5% Rental Yield
Tenant-Occupied until Sep 1, 2024
2 Bedrooms
2 Bathrooms
91 SqM Size
5 Floor
Dec 2012 Completed

About This Condo

This property is a 91 SqM condo with 2 bedrooms and 2 bathrooms that is available for sale. It is part of the Twin Peaks project in Chang Khlan, Chiang Mai and was completed in Dec 2012. You can buy this condo for a base price of ฿7,500,000 (฿82,418/SqM) and it is also available for long term rentals starting from ฿33,000 per month.

Features

BalconyBalcony BathtubBathtub MicrowaveMicrowave TVTV

Basic Information

Date Listed Mar 5, 2023
Updated 4 months ago
Property Type Condo
Floor 5
Bedrooms 2
Size 91 SqM
Price per SqM ฿82,418
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%.

Foreign 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) Unblocked Open 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.
฿3,185/mo
Listed By
Private Owner
Electricity Price N/A
Water Price N/A
Unit ID U664014

Investment Opportunity: Charges & Yield

Sale Price
฿7,500,000
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.
฿3,185/mo
Rent
฿33,000/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.
19
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.
5%

Project Details

Project Name: Twin Peaks
Construction: Completed (Dec 2012)
Floors: 8
Buildings: 1
Units: 79
Project Area: 3,202 SqM
Nearest Landmark Chiang Mai Night Bazaar - 0.7 Km
Location: Chang Khlan, Chiang Mai
Twin Peaks 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
Spa Spa
Steam Room Steam Room
Sauna Sauna
Reception / Lobby Area Reception / Lobby Area
Communal Garden Area Communal Garden Area

Popular Facilities at Twin Peaks

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

Available Units at Twin Peaks

For Sale 8 For Rent 12
Get notified when new homes are being added to Twin Peaks
View All (8)

Loan Calculator

Frequently Asked Questions

No pets are allowed at Twin Peaks 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 ฿35 per square meter based on the size of indoor area of the property and is ฿3,185 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.
Chiang Mai Night Bazaar is the nearest Market from Twin Peaks 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 Twin Peaks you have to follow these steps:

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

 


Payment Plan
Installment Milestone Payment
Reservation Deposit
Immediately
10%
1st Installment
Upon contract signing
40%
2nd Installment
On handover
50%

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

4.3 out of 5
Based on
5 Reviews
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
The serive is an excellent and complete with a full range of facilities
Sawinee Shuchai, Thailand, 4 years ago
I like the common condo facilities of this condo because I love doing spa treatment and saunas regularly. Life is so convenient for me as I didn't have to go out to take outside services. I can take leisure on my vacation happily. The location is also okay, close to the convenience stores, restaurants, and not far from the office and Chiang Mai International Airport. It makes my journey easier. I have stayed here for a while. It is a nice atmosphere, lovely staff, and an excellent security system. The room was spacious, nicely decorated with furniture. All living areas are perfectly in zones, not cluttered. Life is so convenient. In general, it is suitable for room prices.
Although I've been here for almost a year
Cara Zerangue, United States, 5 years ago
Although I've been here for almost a year, I have never found any serious problems. Nice location in the downtown and close to the Night Plaza, yet the site is private and quiet. The room has 2 bedrooms which are wide and fully-furnished. The project also has additional services such as a maid and laundry, super convenient!
The condo is suitable for two people, not uncomfortable.
Akkapon W., Thailand, 5 years ago
It is a modern low-rise condo conveniently located within easy travel distance. The project site includes a large and beautiful design swimming pool. The common area and 24-hour security system give a feeling of security. The room I rented was 2 bedrooms, which is the perfect size for couples. It is very worthwhile. My friends and I are impressed here.
Condo in the center of the city, easy to travel, but have to have a private car.
Anuwat K., Thailand, 5 years ago
The condo location is convenient because it is located in the center of the city. However, if you want to go somewhere, it's better to use a private car because the bus fare is sometimes too expensive. The condo is only 8 floors high, with not many rooms, so it is not too crowded. I live in a 2 bedroom room with my boyfriend. I think it's too big for us. Anyway, It's good to have a large area for friends to hang out or organize parties. The staff here are friendly and helpful. The disadvantage is that Wi-Fi is not available sometimes, so I have to buy personal internet instead !!
5-Star service, next to Shangri-La hotel, and have many famous restaurants
Jinhee Kim, South Korea, 6 years ago
The location of the condo is great, located in the center of the city on Chang Khlan Road, opposite Krung Thai Bank and close to the Shangri-La Hotel, which is quite private, not crowded with people. Near the Night Bazaar and Nimman Road, ​​the project neighborhood has many famous restaurants. The exterior still looks new and clean. The room is spacious. There is a large kitchen corner, a refrigerator, and a microwave oven suitable for cooking. The decoration is luxurious with a blend of Lanna styles and wooden materials. There is a small balcony. From the room, you can see a pool view; and common areas are fully equipped with parking, Wi-Fi, the rooftop garden, a resting area, and a swimming pool to chill out and get a cool breeze. The project also has a reception that welcomes and solves problems quite quickly. Unfortunately, the condo is not pet-friendly. Now, I can only have a fish in a cute aquarium tank.
Chiang Mai
Chang Khlan

Neighborhood Overview

Location and Neighborhood

Street View

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