3 Bedroom House for sale at Lalitta House

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Chai Sathan, Saraphi,Chiang Mai

Unit ID: U1801212

7% Rental Yield

Tenant-Occupied until Oct 1, 2028

3 Bedrooms

1.5 Bathrooms

60 SqM Indoor Area

1 Storeys

Apr 2013 Completed

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Sale Price

฿2,500,000

Street View

About This House

This property is a 60 SqM house with 3 bedrooms and 1.5 bathroom that is available for sale. It is part of the Lalitta House project in Chai Sathan, Chiang Mai and was completed in Apr 2013. You can buy this house for a base price of ฿2,500,000 (฿41,667/SqM) and it is also available for long term rentals starting from ฿15,000 per month.

Features

Terrace

Covered Parking

Corner Unit

Basic Information

Date Listed Apr 17, 2024

Updated 10 months ago

Property Type House (Single Detached)

Storeys 1

Location Chai Sathan, Chiang Mai

Bedrooms 3

Nearest Landmark: Boonthavorn Chiang Mai -1.4 Km

Indoor Area 60 SqM

Price per SqM ฿41,667

Outdoor Area

70 SqM

Plot Size N/A

Pets All Kind of Pets Allowed

House Ownership

Thai Ownership

Land Ownership

Thai Ownership

Land Title Deed Chanote

Construction Completed (Apr 2013)

Furniture

Partly Furnished

View(s) Garden View, Sky, Horizon View

Unit Type N/A

Parking Spots 2

Pool Size N/A

CAM Fee

N/A

Listed By

Private Owner

Electricity Price N/A

Water Price N/A

Unit ID U1801212

Investment Opportunity: Charges & Yield

Sale Price

฿2,500,000

Rent

฿15,000/mo

Price-to-Rent Ratio

Rental Yield

Project Details

Project Name: Lalitta House

Developer: N/A

Construction: Completed (Apr 2013)

Units: 2

Project Area: N/A

Nearest Landmark: Boonthavorn Chiang Mai - 1.4 Km

Location: Chai Sathan, Chiang Mai

Lalitta House Project Details

Project Features

24H Security

Car Parking

Communal Garden Area

Attached Market / Shops

Available Units at Lalitta House

Loan Calculator

Frequently Asked Questions

Small dogs (weight under 15 kg), cats and small pets like rabbits, hamsters and guinea pigs are allowed at Lalitta House.

Boonthavorn Chiang Mai is the nearest Shopping Mall from Lalitta House and it is 1.4 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.

After you have found the right property at Lalitta House you have to follow these steps:

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

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?

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.