3 Bedroom House for sale at VIP Home 7

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Ban Pet, Mueang Khon Kaen,Khon Kaen
Unit ID: U155138
5% Rental Yield
3 Bedrooms
1 Bathroom
120 SqM Indoor Area
1 Storeys
May 2011 Completed

About This House

This property is a 120 SqM house with 3 bedrooms and 1 bathroom that is available for sale. It is part of the VIP Home 7 project in Ban Pet, Khon Kaen and was completed in May 2011. You can buy this house for a base price of ฿2,300,000 (฿19,167/SqM).

Features

TerraceTerrace Covered ParkingCovered Parking

Basic Information

Date Listed Oct 9, 2019
Updated 4 years ago
Property Type House
Storeys 1
Location Ban Pet, Khon Kaen
Bedrooms 3
Nearest Landmark Khon Kaen Airport -3.3 Km
Indoor Area 120 SqM
Price per SqM ฿19,167
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 184 SqM
Pets Not Allowed
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 (May 2011)
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) Park View, Garden View, Blocked 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.
฿500/mo
Listed By
Private Owner
Electricity Price N/A
Water Price N/A
Unit ID U155138

Investment Opportunity: Charges & Yield

Sale Price
฿2,300,000
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.
฿500/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.
20
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 VIP Home 7, and the current sales price.
5%

Project Details

Project Name: VIP Home 7
Developer: N/A
Construction: Completed (May 2011)
Units: 107
Project Area: N/A
Nearest Landmark Khon Kaen Airport - 3.3 Km
Location: Ban Pet, Khon Kaen
VIP Home 7 Project Details

Project Features

24H Security 24H Security
Car Parking Car Parking

Available Units at VIP Home 7

For Sale 2 For Rent 1
Get notified when new homes are being added to VIP Home 7
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Frequently Asked Questions

All kind of pets are allowed at VIP Home 7 including dogs, cats, rabbits, hamsters, guinea pigs, birds, and reptiles.
The common area maintenance fee for properties at VIP Home 7 is a fixed amount of ฿500. This amount has to be paid by owners for the upkeep of the common areas of the project. For new residential developments, it is common to pay up to 1-3 years’ common area maintenance fees in advance upon the transfer of the properties' ownership.
Khon Kaen Airport is the nearest Airport from VIP Home 7 and it is 3.3 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 VIP Home 7 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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Khon Kaen
Ban Pet

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby VIP Home 7

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Number of units
Sales Prices
Monthly Rentals
Year Built
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Number of units
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Project Name
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Ban Pet, Mueang Khon Kaen, Khon Kaen
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Monthly Rentals
N/A
Year Built
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Completion Status
Completed
Project Name
VIP Home 3
Location
Ban Pet, Mueang Khon Kaen, Khon Kaen
Number of units
N/A
Sales Prices
฿1.15M
Monthly Rentals
N/A
Year Built
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Completion Status
Completed
Project Name
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Location
Ban Pet, Mueang Khon Kaen, Khon Kaen
Number of units
N/A
Sales Prices
฿3.6M
Monthly Rentals
N/A
Year Built
Jan 2010
Completion Status
Completed
Project Name
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Location
Ban Pet, Mueang Khon Kaen, Khon Kaen
Number of units
87
Sales Prices
฿3.4M
▼ -20% underpriced
Monthly Rentals
N/A
Year Built
Jan 2016
Completion Status
Completed
Location
Ban Pet, Mueang Khon Kaen, Khon Kaen
Number of units
N/A
Sales Prices
฿3.9M
Monthly Rentals
N/A
Year Built
N/A
Completion Status
Completed
Location
Ban Pet, Mueang Khon Kaen, Khon Kaen
Number of units
N/A
Sales Prices
฿1.25M - ฿1.59M
Monthly Rentals
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Year Built
Jan 2022
Completion Status
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Project Name
The Spring Place
Location
Ban Pet, Mueang Khon Kaen, Khon Kaen
Number of units
100
Sales Prices
฿6.9M
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Monthly Rentals
N/A
Year Built
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Completion Status
Completed
Project Name
PS Home Maliwan
Location
Ban Pet, Mueang Khon Kaen, Khon Kaen
Number of units
110
Sales Prices
฿5M
Monthly Rentals
N/A
Year Built
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Completion Status
Completed
Project Name
Apitown Khon Kaen
Location
Ban Pet, Mueang Khon Kaen, Khon Kaen
Number of units
279
Sales Prices
฿6.5M
Monthly Rentals
N/A
Year Built
Nov 2022
Completion Status
Completed
Location
Ban Pet, Mueang Khon Kaen, Khon Kaen
Number of units
149
Sales Prices
฿2.37M
Monthly Rentals
N/A
Year Built
Jan 2017
Completion Status
Completed
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