3 Bedroom House for sale at Serence Park

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Ton Pao, San Kamphaeng,Chiang Mai
Unit ID: U1144756
4% Rental Yield
฿4,000,000
3 Bedrooms
3 Bathrooms
105 SqM Indoor Area
2 Storeys
Jan 2016 Completed

About This House

This property is a 105 SqM house with 3 bedrooms and 3 bathrooms that is available for sale. It is part of the Serence Park project in Ton Pao, Chiang Mai and was completed in Jan 2016. You can buy this house for a base price of ฿4,000,000 (฿38,095/SqM).

Features

TerraceTerrace Covered ParkingCovered Parking BalconyBalcony Fully RenovatedFully Renovated TVTV Gardening IncludedGardening Included

Basic Information

Property Type House
Storeys 2
Location San Kamphaeng, Chiang Mai
Bedrooms 3
Nearest Landmark Promenada Chiang Mai -4.7 Km
Indoor Area 105 SqM
Price per SqM ฿38,095
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 N/A
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 (Jan 2016)
Furniture
N/A
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.
N/A
Listed By
Private Owner
Date Listed Aug 29, 2022
Last Updated 1 month ago
Unit ID U1144756

3D Walkthrough

Investment Opportunity: Charges & Yield

Sale Price
฿4,000,000
Est. Rent
฿15,100/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.
22
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 Serence Park, and the current sales price.
4%

Project Details

Project Name: Serence Park
Developer: N/A
Construction: Completed (Jan 2016)
Units: 115
Project Area: N/A
Nearest Landmark Promenada Chiang Mai - 4.7 Km
Location: San Kamphaeng, Chiang Mai
Serence Park Project Details

Project Features

24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Car Parking Car Parking

Available Units at Serence Park

For Sale 2 For Rent 1
Get notified when new homes are being added to Serence Park

Loan Calculator

Frequently Asked Questions

Promenada Chiang Mai is the nearest Shopping Mall from Serence Park and it is 4.7 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 Serence Park 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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Chiang Mai
Ton Pao

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby Serence Park

Location
Number of units
Sales Prices
Monthly Rentals
Year Built
Completion Status
Project Name
Location
Number of units
Sales Prices
Monthly Rentals
Year Built
Completion Status
Project Name
Serene Park
Location
Ton Pao, San Kamphaeng, Chiang Mai
Number of units
205
Sales Prices
฿3.83M - ฿4.32M
Monthly Rentals
N/A
Year Built
Feb 2022
Completion Status
Completed
Location
Ton Pao, San Kamphaeng, Chiang Mai
Number of units
363
Sales Prices
฿3.01M - ฿12.4M
Monthly Rentals
N/A
Year Built
Jul 2023
Completion Status
Off Plan
Project Name
The Prego
Location
Ton Pao, San Kamphaeng, Chiang Mai
Number of units
300
Sales Prices
฿3.21M - ฿19.1M
▼ -5.5% underpriced
Monthly Rentals
฿35.2K
Year Built
Jun 2021
Completion Status
Completed
Location
Ton Pao, San Kamphaeng, Chiang Mai
Number of units
145
Sales Prices
฿2.82M
Monthly Rentals
N/A
Year Built
N/A
Completion Status
Off Plan
Project Name
The Esteem
Location
Ton Pao, San Kamphaeng, Chiang Mai
Number of units
108
Sales Prices
฿5.03M - ฿8.56M
▼ -23% underpriced
Monthly Rentals
N/A
Year Built
Dec 2015
Completion Status
Completed
Location
Ton Pao, San Kamphaeng, Chiang Mai
Number of units
1028
Sales Prices
฿1.21M
▼ -44% underpriced
Monthly Rentals
N/A
Year Built
Jan 2002
Completion Status
Completed
Project Name
Sivalai Village 3
Location
Ton Pao, San Kamphaeng, Chiang Mai
Number of units
300
Sales Prices
฿2.67M - ฿5.54M
▼ -20% underpriced
Monthly Rentals
฿10.1K - ฿20.1K
Year Built
Jun 2009
Completion Status
Completed
Project Name
The City
Location
Ton Pao, San Kamphaeng, Chiang Mai
Number of units
50
Sales Prices
฿2.71M - ฿3.37M
Monthly Rentals
N/A
Year Built
Jun 2016
Completion Status
Completed
Project Name
Inizio Chiangmai
Location
Ton Pao, San Kamphaeng, Chiang Mai
Number of units
336
Sales Prices
฿3.83M - ฿8.56M
▲ 16% overpriced
Monthly Rentals
N/A
Year Built
Feb 2015
Completion Status
Completed
Project Name
Sivalai Village 4
Location
Ton Pao, San Kamphaeng, Chiang Mai
Number of units
375
Sales Prices
฿3.12M - ฿6.04M
▼ -11% underpriced
Monthly Rentals
฿30.2K
Year Built
Dec 2009
Completion Status
Completed
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