The Urbana 1

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Tha Sala, Mueang Chiang Mai,Chiang Mai

Unit ID: U897154
6% Rental Yield
฿4,750,000
Bedroom
3 Bedrooms
Bathroom
3 Bathrooms
Indoor Area
132 SqM Indoor Area
Stairs
2 Storeys
Construction
Dec 2015 Completed

3 Bedroom Villa for sale at The Urbana 1

This property is a 132 SqM villa with 3 bedrooms and 3 bathrooms that is available for sale. It is part of the The Urbana 1 project in Tha Sala, Chiang Mai and was completed in Dec 2015. You can buy this villa for a base price of ฿4,750,000 (฿35,985/SqM) and it is also available for long term rentals starting from ฿22,000 per month.

Features

Private GardenPrivate Garden Covered ParkingCovered Parking Corner UnitCorner Unit BalconyBalcony Fully RenovatedFully Renovated (2013) Renovated KitchenRenovated Kitchen (2013) Renovated BathroomRenovated Bathroom (2013) Washing MachineWashing Machine MicrowaveMicrowave OvenOven Cable TVCable TV TruevisionTruevision

Basic Information

Property Type Villa (Single Detached)
Storeys 2
Location Tha Sala, Mueang Chiang Mai, Chiang Mai
Bedrooms 3
Nearest Landmark Chiang Mai Immigration -5.1 Km
Indoor Area 132 SqM
Price per SqM ฿35,985
Outdoor Area
This is the combined size of the terrace, pool, parking area, and sala. It does not include the size of the garden.
4 SqM
Plot Size N/A
Villa Ownership

Foreign nationals can own the building (villa) 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 (Dec 2015)
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, Park View
Unit Type N/A
Parking Spots 2
Pool Size N/A
CAM Fee
These common area maintenance (CAM) fees are paid by owners for the upkeep of the common areas of condominiums and housing projects. For new residential developments, it is common to pay up to 1-3 years’ management fees in advance upon the transfer of the unit’s ownership.
N/A
Listed By
Private Owner
Date Listed May 23, 2021
Last Updated 3 weeks ago
Unit ID U897154

3D Walkthrough

Price Analysis

Above Average
Estimated market value ฿3,690,000
Great
฿2,610,000
Good
Fair
Above
฿4,770,000
Current asking Price: ฿4,750,000 | Advertised rental rate: ฿22,000/mo
This villa is ฿1,060,000 ABOVE MARKET (29%) in the Chiang Mai area. It is analyzed against similar villas and is based on previous transaction data, the current market situation, neighborhood details, and the specific details of this property.
Powered by FazWaz AVM

Investment Opportunity: Charges & Yield

Sale Price
฿4,750,000
Rent
฿22,000/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.

18
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.

6%

Project Details

Project Name: The Urbana 1
Construction: Completed (Dec 2015)
Units: 423
Project Area: N/A
Nearest Landmark Chiang Mai Immigration -5.1 Km
Location: Tha Sala, Mueang Chiang Mai, Chiang Mai
The Urbana 1 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 Car Parking Car Parking

Available Units at The Urbana 1

For Sale 2 For Rent 3
Get notified when new homes are being added to The Urbana 1

Loan Calculator

Frequently asked questions

Dogs, cats and small pets like rabbits, hamsters and guinea pigs are allowed at The Urbana 1.
Chiang Mai Immigration is the nearest Immigration Office from The Urbana 1 and it is 5.1 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 1 you have to follow these steps:

  • - Agreement of terms and conditions
  • - Reservation Agreement
  • - Reservation Deposit
  • - Sales and Purchase Agreement
  • - Settlement & Transfer


 

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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

Previous Sales (Secondary Market) at The Urbana 1

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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