3 Bedroom House for sale at Wararom Kaewnawarat

(5 Reviews)
Mae Faek Mai, San Sai,Chiang Mai
Unit ID: U169959
7% Rental Yield
3 Bedrooms
3 Bathrooms
170 SqM Indoor Area
2 Storeys
Jun 2008 Completed

About This House

This property is a 170 SqM house with 3 bedrooms and 3 bathrooms that is available for sale. It is part of the Wararom Kaewnawarat project in Mae Faek Mai, Chiang Mai and was completed in Jun 2008. You can buy this house for a base price of ฿5,990,000 (฿35,235/SqM) and it is also available for long term rentals starting from ฿35,000 per month.

Features

Private GardenPrivate Garden TerraceTerrace Covered ParkingCovered Parking BalconyBalcony

Basic Information

Date Listed Aug 19, 2019
Updated 3 years ago
Property Type House
Storeys 2
Location Mae Faek Mai, Chiang Mai
Bedrooms 3
Nearest Landmark The Royal Chiang Mai Golf Resort -6 Km
Indoor Area 170 SqM
Price per SqM ฿35,235
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 356 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 N/A
Construction Completed (Jun 2008)
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) 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.
N/A
Listed By
Private Owner
Electricity Price N/A
Water Price N/A
Unit ID U169959

Investment Opportunity: Charges & Yield

Rent
฿35,000/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.
14
Rental Yield
This is the gross rental yield. To calculate this figure we use the advertised monthly rent rate (for a 1-year contract) and the current sales price.
7%

Project Details

Project Name: Wararom Kaewnawarat
Developer: N/A
Construction: Completed (Jun 2008)
Units: 290
Project Area: N/A
Nearest Landmark The Royal Chiang Mai Golf Resort - 6 Km
Location: Mae Faek Mai, Chiang Mai
Wararom Kaewnawarat Project Details

Project Features

Communal Pool Communal Pool
Communal Gym Communal Gym
Clubhouse Clubhouse
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Car Parking Car Parking
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Available Units at Wararom Kaewnawarat

For Sale 2 For Rent 1
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Frequently Asked Questions

No pets are allowed at Wararom Kaewnawarat unless specifically permitted by the juristic office. Exceptions can be made for service or guide dogs for persons with disabilities.
The Royal Chiang Mai Golf Resort is the nearest Golf from Wararom Kaewnawarat and it is 6 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 Wararom Kaewnawarat 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

3.9 out of 5
Based on
5 Reviews
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Guards are strict bur very safe
Wannakarn S., Thailand, 4 years ago
The house in this village ranges from 3 to 4 bedrooms, modernly and simply styled. There are common areas such as a swimming pool, a fitness center, and a communal park. The security guard here is very strict. The project is located next to the main road on the Chiang Mai Outer Ring Road., convenient to travel. And the security guard here is very strict.
The environment is ok.
Stephan Sweet, United States, 4 years ago
My house is on this project. It is a tranquil house development project. The project's road is wide, and the environment is also good, warm, and close to nature. The atmosphere is good and tranquil. Besides, the project also provides 24 hours of the security system. The common area is set in the middle of the village, accessible and close to my house. It includes a communal pool, a fitness center, and a clubhouse. The location is very convenient because it is close to the main road and Central Festival Chiang Mai.
Suburban village, safe and comfortable to access
Wannakarn S., Thailand, 5 years ago
The village here has a strict security system. Traveling is convenient because it is in the suburbs, which you don't have to worry about traffic jams every day. I work in Chiang Mai and drive into town for about 15-20 minutes only. The food here is cheap, and there's a fresh market not far from the village. I love Chiang Mai because the weather is great. In the summer, the atmosphere is very uncomfortable. Fortunately, the village is shady, and many trees are surrounded. Besides, the pool is also clean. Overall, the atmosphere is excellent.
Beautiful house in Chiang Mai
Chokchai P., Thailand, 5 years ago
I am the one who love Chiang Mai very much and visit every year because of the mountain nature; it makes me very comfortable and joyous. I decided to buy a house for a vacation home at Wararom Kaew Nawarat. The house layout is a 2-story single-detached house, comprising 3 bedrooms, 3 bathrooms, and has a lot of usable space. The interior of the house is in a modern style, and the room is well-divided into zones. Besides, the facilities in the house are complete and match the residents' needs. This project is convenient to travel and near the Central Festival Chiang Mai, which is very convenient and considered close to prosperity. The project's common area is also provided excellent services, such as the clubhouse, saltwater pool, and fitness. It's a great project!! I recommend anyone who likes Chiang Mai and loves privacy. This place well-matches every residents' needs.
European single-detached house near the Outer Ring road
Marine Kimberlin, United States, 6 years ago
The atmosphere is shady and quite private. The house is elegant in the European style, and the project's environment is excellent. The facilities are complete, including a large swimming pool, fitness center, and a public park. The house I bought was a 4-bedroom detached house at 167 sq.m, very spacious. Plus, you can park up to 2 cars. I like it. Since I lived there, I didn't find any structural problems. Moreover, the neighbors were very friendly. I enjoy walking out in the morning, so I have the opportunity to meet many new friends. Another reason I bought a house here is convenient travel. It is close to the Outer Ring Road, which is the main road, making it easy to get into the town. It's also close to Central Festival Chiang Mai.
Chiang Mai
Mae Faek Mai

Neighborhood Overview

Location and Neighborhood

Street View

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