Inizio Chiangmai

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San Kamphaeng, San Kamphaeng,Chiang Mai

Unit ID: U1025608
5% Rental Yield
฿4,290,000
Bedroom
3 Bedrooms
Bathroom
2 Bathrooms
Indoor Area
119 SqM Indoor Area
Stairs
2 Storeys
Construction
Feb 2015 Completed

3 Bedroom House for sale at Inizio Chiangmai

This property is a 119 SqM house with 3 bedrooms and 2 bathrooms that is available for sale. It is part of the Inizio Chiangmai project in San Kamphaeng, Chiang Mai and was completed in Feb 2015. You can buy this house for a base price of ฿4,290,000 (฿36,050/SqM) and it is also available for long term rentals starting from ฿18,000 per month.

Features

Private GardenPrivate Garden TerraceTerrace Covered ParkingCovered Parking Renovated KitchenRenovated Kitchen (2011) Washing MachineWashing Machine TVTV

Basic Information

Property Type House (Single Detached)
Storeys 2
Location San Kamphaeng, San Kamphaeng, Chiang Mai
Bedrooms 3
Nearest Landmark Promenada Chiang Mai -5.8 Km
Indoor Area 119 SqM
Price per SqM ฿36,050
Outdoor Area
This is the combined size of the terrace, pool, parking area, and sala. It does not include the size of the garden.
119 SqM
Plot Size 212 SqM
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 (Feb 2015)
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) Lake View, Mountain View, Park View, Garden View
Unit Type N/A
Parking Spots 2
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.
฿1,000/mo
Listed By
Private Owner
Date Listed Aug 30, 2021
Last Updated 2 weeks ago
Unit ID U1025608

Investment Opportunity: Charges & Yield

Sale Price
฿4,290,000
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.
฿1,000/mo
Rent
฿18,000/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.
20
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: Inizio Chiangmai
Developer: Land and Houses
Construction: Completed (Feb 2015)
Units: 336
Project Area: 124,800 SqM
Nearest Landmark Promenada Chiang Mai - 5.8 Km
Location: San Kamphaeng, San Kamphaeng, Chiang Mai
Inizio Chiangmai Project Details

Project Features

Communal Pool Communal Pool
Communal Gym Communal Gym
Clubhouse Clubhouse
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Car Parking Car Parking

Available Units at Inizio Chiangmai

For Sale 1 For Rent 1

Loan Calculator

Frequently asked questions

All kind of pets are allowed at Inizio Chiangmai including dogs, cats, rabbits, hamsters, guinea pigs, birds, and reptiles.
Promenada Chiang Mai is the nearest Shopping Mall from Inizio Chiangmai and it is 5.8 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 Inizio Chiangmai 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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San Kamphaeng

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