3 Bedroom House for sale at Siwalee Ratchaphruk Chiangmai

(1 Review)
Mae Hia, Mueang Chiang Mai,Chiang Mai
Unit ID: U1893226
4% Rental Yield
3 Bedrooms
3 Bathrooms
256 SqM Indoor Area
2 Storeys
Aug 2017 Completed

About This House

This property is a 256 SqM house with 3 bedrooms and 3 bathrooms that is available for sale. It is part of the Siwalee Ratchaphruk Chiangmai project in Mae Hia, Chiang Mai and was completed in Aug 2017. You can buy this house for a base price of ฿5,500,000 (฿21,484/SqM).

Siwalee Ratchaphruek: A Great Value Detached House Near Mae

Siwalee Ratchaphruek is a prime location development offering spacious detached houses at an attractive price. The houses feature 3 bedrooms and 3 bathrooms and come with a large lawn area. The development is located in the Mae Hia district, close to several international schools and offers convenient access to transportation. Details:
  • Price: Below market value
  • Property Type: Detached House
  • Bedrooms: 3
  • Bathrooms: 3
  • Area: Spacious
  • Amenities: Lawn area
  • Location:
    • Close to Mae Hia district
    • Close to several international schools
  • Accessibility: Convenient
Siwalee Ratchaphruek is ideal for families seeking a good value, spacious, quiet, and convenient home in a great location with easy access to amenities.

Features

Private GardenPrivate Garden Covered ParkingCovered Parking

Basic Information

Date Listed Jul 10, 2024
Updated 3 days ago
Property Type House
Storeys 2
Location Mae Hia, Chiang Mai
Bedrooms 3
Nearest Landmark Chiang Mai International Airport -2.4 Km
Indoor Area 256 SqM
Price per SqM ฿21,484
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 294.36 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 (Aug 2017)
Furniture
Unfurnished
View(s) City 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.
N/A
Listed By
Private Owner
Electricity Price N/A
Water Price N/A
Unit ID U1893226

Investment Opportunity: Charges & Yield

Sale Price
฿5,500,000
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.
23
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 Ratchaphruk Chiangmai, and the current sales price.
4%

Project Details

Developer: Land and Houses
Construction: Completed (Jan 2007)
Units: 236
Project Area: N/A
Nearest Landmark Chiang Mai International Airport - 2.4 Km
Location: Mae Hia, Chiang Mai
Siwalee Ratchaphruk 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)
Indoor Kids Zone Indoor Kids Zone

Available Units at Siwalee Ratchaphruk Chiangmai

For Sale 9 For Rent 1
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Frequently Asked Questions

All kind of pets are allowed at Siwalee Ratchaphruk Chiangmai including dogs, cats, rabbits, hamsters, guinea pigs, birds, and reptiles.
Chiang Mai International Airport is the nearest Airport from Siwalee Ratchaphruk Chiangmai and it is 2.4 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.

 

Read more here

After you have found the right property at Siwalee Ratchaphruk 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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Reviews

4.3 out of 5
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
I’ve made the right choice buying this place
Chaiya C., Thailand, 7 years ago
My best friend had to move back to the southern part of Thailand to run his own business, so he tried to sell the house he used to stay in. It’s a 3-bedroom unit with a good condition and spacious usable area, so I decided to buy his home without hesitation. Plus, this place is close to CentralPlaza Chiang Mai Airport, and it’s also only 10 mins away from Chiang Mai International Airport. The common area has a large swimming pool and a fully-equipped fitness center. More importantly, I haven’t found any problems since I stayed here. The neighbors are friendly. I would say that I’ve made the right choice buying this place.
Chiang Mai
Mae Hia

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby Siwalee Ratchaphruk Chiangmai

Location
Number of units
Sales Prices
Monthly Rentals
Year Built
Completion Status
Project Name
Location
Number of units
Sales Prices
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Completion Status
Location
Mae Hia, Mueang Chiang Mai, Chiang Mai
Number of units
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฿1.39M - ฿1.49M
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Monthly Rentals
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Year Built
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Mae Hia, Mueang Chiang Mai, Chiang Mai
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Mae Hia, Mueang Chiang Mai, Chiang Mai
Number of units
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Number of units
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฿2.43M - ฿4.32M
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Mae Hia, Mueang Chiang Mai, Chiang Mai
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Monthly Rentals
฿29.8K - ฿47.7K
Year Built
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Location
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