Unit ID: U283503
7% Rental Yield
Tenant-Occupied until Aug 27, 2024
San Phak Wan, Hang Dong,Chiang Mai
฿16,500,000 ฿17,900,000 Great Price
4 Bedrooms
6
Bathrooms
302 SqM
Indoor Area
2
Storeys
Sep 2019
Completed

About This Villa

This property is a 302 SqM villa with 4 bedrooms and 6 bathrooms that is available for sale. It is part of the In The Mood Luxury Private Pool Villa project in San Phak Wan, Chiang Mai and was completed in Sep 2019. You can buy this villa for a base price of ฿16,500,000 (฿54,636/SqM) and it is also available for long term rentals starting from ฿100,000 per month.

Features

Private PoolPrivate Pool Private GardenPrivate Garden TerraceTerrace Covered ParkingCovered Parking Maids QuartersMaids Quarters BalconyBalcony BathtubBathtub TVTV

Basic Information

Date Listed Aug 18, 2023
Updated 3 months ago
Property Type Villa
Storeys 2
Location San Phak Wan, Chiang Mai
Bedrooms 4
Nearest Landmark Wiang Kum Kam -2.9 Km
Indoor Area 302 SqM
Price per SqM ฿54,636
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 632 SqM
Pets N/A
Villa Ownership

Foreign nationals can own the building (villa) in their own name but not the land that it stands on.

Foreign Ownership, Thai Ownership, Company
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, Company
Land Title Deed N/A
Construction Completed (Sep 2019)
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) Lake View, Pool View, Garden View
Unit Type Type C
Parking Spots N/A
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.
฿750/mo
Listed By
Developer
Electricity Price N/A
Water Price N/A
Unit ID U283503

Price Analysis

Good Price
Estimated market value ฿16,421,954
Great
฿12,800,000
Good
Fair
Above
฿18,500,000
Current asking Price: ฿16,500,000 | Advertised rental rate: ฿100,000/mo
This villa is priced at the current market value 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
฿16,500,000
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.
฿750/mo
Rent
฿100,000/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

Developer: N/A
Construction: Completed (Sep 2019)
Units: 3
Project Area: N/A
Nearest Landmark Wiang Kum Kam - 2.9 Km
Location: San Phak Wan, Chiang Mai
In The Mood Luxury Private Pool Villa Project Details

Project Features

Communal Pool Communal Pool
Clubhouse Clubhouse
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Tennis Court Tennis Court

Available Units at In The Mood Luxury Private Pool Villa

For Sale 3 For Rent 1
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Frequently Asked Questions

The common area maintenance fee for properties at In The Mood Luxury Private Pool Villa is a fixed amount of ฿750. 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.
Wiang Kum Kam is the nearest Tourist Attraction from In The Mood Luxury Private Pool Villa and it is 2.9 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 In The Mood Luxury Private Pool Villa 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

4.5 out of 5
Based on
2 Reviews
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Luxury private villa Heart of San Phak Wan
Songkran K., Thailand, 3 years ago
I am very impressed with the atmosphere around In The Mood Luxury Pool Villa Project. It is a project surrounded by the nature of San Phak Wan. Refreshing And feel happy to stay here Inside the villa I bought, 4 bedrooms in size over 300 square meters of living space which is very suitable for my lifestyle. Including the interior design of the house that is modern and safe, livable, the neighbors are cute and friendly. As for the full project facilities such as swimming pool, outdoor area, garden, tennis court, it is modern and suitable for use. The project can travel comfortably, very well. Near Wiang Kum Kam Chiang Mai Municipal Fresh Market And Chiang Mai International Airport as well Considered a project that is worth the investment.
Big pool villa, next to the lake
Kittikorn L., Thailand, 4 years ago
It is the most suitable villa for relaxing, my friends and I stayed here for a New Year's party. The bedrooms can accommodate up to 8 people with a large swimming pool and a barbecue area. The house is spacious. The atmosphere is excellent, shady, very pleasant to live in, and next to the lake. If you want to have a good time with family or friends, I will recommend staying here!
Chiang Mai
San Phak Wan

Neighborhood Overview

Location and Neighborhood

Street View

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