3 Bedroom House for sale at The Urbana 2

(Write Review)

Mae Hia, Mueang Chiang Mai,Chiang Mai

Unit ID: U77794

5% Rental Yield

3 Bedrooms

3 Bathrooms

140 SqM Indoor Area

2 Storeys

Mar 2014 Completed

(Write Review)

Sale Price

฿6,500,000

Great Price

About This House

This property is a 140 SqM house with 3 bedrooms and 3 bathrooms that is available for sale. It is part of the The Urbana 2 project in Mae Hia, Chiang Mai and was completed in Mar 2014. You can buy this house for a base price of ฿6,500,000 (฿46,429/SqM).

Features

Private Garden

Covered Parking

Balcony

Microwave

Basic Information

Date Listed Jun 20, 2018

Updated 3 years ago

Property Type House

Storeys 2

Location Mae Hia, Chiang Mai

Bedrooms 3

Nearest Landmark Chiang Mai International Airport -4 Km

Indoor Area 140 SqM

Price per SqM ฿46,429

Outdoor Area

N/A

Plot Size 220 SqM

Pets Not Allowed

House Ownership

Thai Ownership

Land Ownership

Thai Ownership

Land Title Deed N/A

Construction Completed (Mar 2014)

Furniture

Fully Furnished

View(s) Garden View

Unit Type N/A

Parking Spots 1

Pool Size N/A

CAM Fee

N/A

Listed By

Private Owner

Electricity Price N/A

Water Price N/A

Unit ID U77794

Price Analysis

Great Price

Estimated market value ฿7,077,739

Great

Good

Fair

Above

Current asking Price: ฿6,500,000 | Rental estimate: ฿25,700/mo

This house is ฿577,739 BELOW MARKET (-8%) 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.

Investment Opportunity: Charges & Yield

Sale Price

฿6,500,000

Price-to-Rent Ratio

Rental Yield

Project Details

Project Name: The Urbana 2

Developer: N/A

Construction: Completed (Mar 2014)

Units: 219

Project Area: N/A

Nearest Landmark Chiang Mai International Airport - 4 Km

Location: Mae Hia, Chiang Mai

The Urbana 2 Project Details

Project Features

Communal Pool

Communal Gym

24H Security

CCTV (Video Surveillance)

Car Parking

Available Units at The Urbana 2

For Sale 5 For Rent 5

All
2 Beds
3 Beds

Partly Furnished City View

Fully Furnished Garden View

Unfurnished Garden View

Fully Furnished Garden View

Get notified when new homes are being added to The Urbana 2

View All (5)

Loan Calculator

Frequently Asked Questions

All kind of pets are allowed at The Urbana 2 including dogs, cats, rabbits, hamsters, guinea pigs, birds, and reptiles.

Chiang Mai International Airport is the nearest Airport from The Urbana 2 and it is 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 The Urbana 2 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