3 Bedroom House for sale at Siwalee Choeng Doi

(1 Review)
Mae Hia, Mueang Chiang Mai,Chiang Mai
Unit ID: U72802
5% Rental Yield
3 Bedrooms
3 Bathrooms
157 SqM Indoor Area
2 Storeys
Dec 2013 Completed

About This House

This property is a 157 SqM house with 3 bedrooms and 3 bathrooms that is available for sale. It is part of the Siwalee Choeng Doi project in Mae Hia, Chiang Mai and was completed in Dec 2013. You can buy this house for a base price of ฿5,980,000 (฿38,089/SqM).

Features

Private GardenPrivate Garden Covered ParkingCovered Parking BalconyBalcony

Basic Information

Date Listed Apr 9, 2018
Updated 3 years ago
Property Type House
Storeys 2
Location Mae Hia, Chiang Mai
Bedrooms 3
Nearest Landmark Chiang Mai International Airport -6 Km
Indoor Area 157 SqM
Price per SqM ฿38,089
Outdoor Area
This is the combined size of the terrace, pool, parking area, and sala. It does not include the size of the garden.
N/A
Plot Size 270 SqM
Pets Not Allowed
House Ownership

Foreign nationals can own the building (house) in their own name but not the land that it stands on.

Thai Ownership
Land Ownership

Foreign nationals cannot own land in Thailand. The options in which a foreigner can control the land are via a 30-year lease or by purchasing the land through a Thai company.

Thai Ownership
Land Title Deed N/A
Construction Completed (Dec 2013)
Furniture
Partly furnished means the property contains the basics i.e. beds, sofa, table and chairs, wardrobes but no electronic appliances, utensils and glassware in the kitchen.
Partly Furnished
View(s) Garden View
Unit Type N/A
Parking Spots N/A
Pool Size 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.
฿1,083/mo
Listed By
Each listing provided by partnered agents is individually verified by FazWaz. Partner Agents work for different brokerages or property management companies but have teamed up with FazWaz so that we can provide you a wider choice of properties
Agent / Partner
Electricity Price N/A
Water Price N/A
Unit ID U72802

Price Analysis

Great Price
Estimated market value ฿6,976,869
Great
฿5,740,000
Good
Fair
Above
฿9,740,000
Current asking Price: ฿5,980,000 | Rental estimate: ฿26,600/mo
This house is ฿996,869 BELOW MARKET (-14%) in the Chiang Mai area. It is analyzed against similar houses 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.
฿1,083/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 based on the estimated rental rate. To calculate this figure we use the average monthly rent rates (for 1-year contracts) from other 3 bedroom houses at Siwalee Choeng Doi, and the current sales price.
5%

Project Details

Project Name: Siwalee Choeng Doi
Developer: Land and Houses
Construction: Completed (Dec 2013)
Units: 226
Project Area: N/A
Nearest Landmark Chiang Mai International Airport - 6 Km
Location: Mae Hia, Chiang Mai
Siwalee Choeng Doi 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
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Frequently Asked Questions

Dogs, cats and small pets like rabbits, hamsters and guinea pigs are allowed at Siwalee Choeng Doi.
The common area maintenance fee for properties at Siwalee Choeng Doi is a fixed amount of ฿1,083. This amount 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 International Airport is the nearest Airport from Siwalee Choeng Doi and it is 6 km away.

The building (the bricks and mortar) can be owned by a non-Thai national outright in their name in what is called the house registry which secures ownership indefinitely of the structure. 

In Thailand, non-Thai nationals cannot own land outright in their name. Land can be controlled through either a Thai Company or a long-term registered lease. The longest registered lease term by Thai law is 30 years, and most developers will offer 3 terms for a total of 90 years.

 

Read more here

After you have found the right property at Siwalee Choeng Doi you have to follow these steps:

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


Read more here

A 30-year lease period is legally protected under Thai law and ownership cannot be disrupted. It is common for developers to offer an additional two terms of 30 contractually obligating a total of 90 years. 

Prior to purchasing a leasehold property, it is important to secure a copy of the lease agreement or get further clarity on these three points.

  • - Who is the lessor? (an individual or a Thai Company) Securing a lease from a Thai Company offers much more security than a private individual.

  • - Do I have voting rights as a Lessee? (Some lease contracts do not allow lessee to have voting rights)

  • - Is there a succession clause in the lease agreement that will allow inheritance of the lease?

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

5 out of 5
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
A great project
Cherry Lee, China, 3 years ago
There is an excellent management team, solving problems quickly. Also, the common area is clean and well-maintained. Besides, the security guards are polite and friendly. The surrounding atmosphere is quiet and cozy. The house options are also available in a wide variety of sizes and types. The house is designed and used with standard materials typical of Land and House. The view is more beautiful than I expected, overlooking the lake and Doi Kham mountain. Most importantly, the location is also excellent. There are many great restaurants nearby, and it takes less than 10 minutes to get to the international airport. It's well worth it.
Chiang Mai
Mae Hia

Neighborhood Overview

Location and Neighborhood

Street View

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