3 Bedroom House for sale at Karnkanok Ville 11

(1 Review)
San Na Meng, San Sai,Chiang Mai
Unit ID: U262497
6% Rental Yield
3 Bedrooms
3 Bathrooms
145 SqM Indoor Area
2 Storeys
Jan 2016 Completed

About This House

This property is a 145 SqM house with 3 bedrooms and 3 bathrooms that is available for sale. It is part of the Karnkanok Ville 11 project in San Na Meng, Chiang Mai and was completed in Jan 2016. You can buy this house for a base price of ฿3,300,000 (฿22,759/SqM) and it is also available for long term rentals starting from ฿17,000 per month.

Features

Private GardenPrivate Garden Covered ParkingCovered Parking Corner UnitCorner Unit BalconyBalcony

Basic Information

Date Listed Dec 16, 2019
Updated 2 years ago
Property Type House
Storeys 2
Location San Na Meng, Chiang Mai
Bedrooms 3
Nearest Landmark Tweechol Botanic Garden -5.3 Km
Indoor Area 145 SqM
Price per SqM ฿22,759
Outdoor Area
This is the combined size of the terrace, pool, parking area, and sala. It does not include the size of the garden.
191 SqM
Plot Size 336 SqM
Pets Cats and Dogs (small only)
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 Chanote
Construction Completed (Jan 2016)
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) River or Canal View, Mountain View, Garden View, Unblocked Open View
Unit Type N/A
Parking Spots 1
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.
N/A
Listed By
Private Owner
Electricity Price N/A
Water Price N/A
Unit ID U262497

Price Analysis

Great Price
Estimated market value ฿4,803,687
Great
฿3,470,000
Good
Fair
Above
฿6,620,000
Current asking Price: ฿3,300,000 | Advertised rental rate: ฿17,000/mo
This house is ฿1,503,687 BELOW MARKET (-31%) 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

Rent
฿17,000/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.
16
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.
6%

Project Details

Project Name: Karnkanok Ville 11
Construction: Completed (Jan 2016)
Units: 245
Project Area: N/A
Nearest Landmark Tweechol Botanic Garden - 5.3 Km
Location: San Na Meng, Chiang Mai
Karnkanok Ville 11 Project Details

Project Features

24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Car Parking Car Parking
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Frequently Asked Questions

All kind of pets are allowed at Karnkanok Ville 11 including dogs, cats, rabbits, hamsters, guinea pigs, birds, and reptiles.
Tweechol Botanic Garden is the nearest Tourist Attraction from Karnkanok Ville 11 and it is 5.3 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 Karnkanok Ville 11 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

4.7 out of 5
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Quality detached house project.
Eakachai Suksee, Thailand, 3 years ago
I reserved a 3 bedroom unit here. It is expected to be completed next year because of the modern design and proportionate internal space allocation. I believe the house will be an ideal home for my family once completed. The project uses only quality materials for the construction. It is also close to Tesco Lotus, Makro, and local markets. I think that if I moved into this house, it would definitely make my life more comfortable. I don't recommend this house for anyone looking for a project with complete facilities because there is only a garden, a security system, and CCTV. However, it's enough for me. I am looking forward to moving to this house as soon as it is complete.
Chiang Mai
San Na Meng

Neighborhood Overview

Location and Neighborhood

Street View

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