Unit ID: U1404570
6% Rental Yield
Hua Mak, Bang Kapi,Bangkok
฿40,000,000
5 Bedrooms
5
Bathrooms
404 SqM
Indoor Area
2
Storeys
Dec 2021
Completed

About This House

This property is a 404 SqM house with 5 bedrooms and 5 bathrooms that is available for sale. It is part of the Setthasiri Krungthep Kreetha 2 project in Hua Mak, Bangkok and was completed in Dec 2021. You can buy this house for a base price of ฿40,000,000 (฿99,010/SqM).

Features

Private GardenPrivate Garden TerraceTerrace Covered ParkingCovered Parking BalconyBalcony BathtubBathtub

Basic Information

Date Listed May 5, 2023
Updated 10 months ago
Property Type House (Single Detached)
Storeys 2
Location Hua Mak, Bangkok
Bedrooms 5
Nearest Landmark Hua Mak ARL -3 Km
Indoor Area 404 SqM
Price per SqM ฿99,010
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 528 SqM
Pets All Kind of Pets Allowed
House Ownership

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

Foreign 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.

N/A
Land Title Deed N/A
Construction Completed (Dec 2021)
Furniture
Partly furnished means the property contains the basics i.e. beds, sofa, table and chairs, wardrobes but no electronic appliances, utensils and glassware in the kitchen.
Partly Furnished
View(s) Garden View
Unit Type N/A
Parking Spots 4
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.
฿7,392/mo
Listed By
Private Owner
Electricity Price N/A
Water Price N/A
Unit ID U1404570

Investment Opportunity: Charges & Yield

Sale Price
฿40,000,000
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.
฿7,392/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 based on the estimated rental rate. To calculate this figure we use the average monthly rent rates (for 1-year contracts) from other 5 bedroom houses at Setthasiri Krungthep Kreetha 2, and the current sales price.
6%

Project Details

Developer: Sansiri
Construction: Completed (Dec 2021)
Units: 169
Project Area: 95,542 SqM
Nearest Landmark Hua Mak ARL - 3 Km
Location: Hua Mak, Bangkok
Setthasiri Krungthep Kreetha 2 Project Details

Project Features

Communal Pool Communal Pool
Communal Gym Communal Gym
Clubhouse Clubhouse
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Yoga Area Yoga Area
Co-Working Space / Meeting Room Co-Working Space / Meeting Room
Outdoor Kids Zone Outdoor Kids Zone
Communal Garden Area Communal Garden Area

Popular Facilities at Setthasiri Krungthep Kreetha 2

  • Clubhouse
    1st Floor
  • Communal Pool
    1st Floor
  • Communal Garden Area
    Ground Floor

Available Units at Setthasiri Krungthep Kreetha 2

For Sale 3 For Rent 4
Get notified when new homes are being added to Setthasiri Krungthep Kreetha 2
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Frequently Asked Questions

All kind of pets are allowed at Setthasiri Krungthep Kreetha 2 including dogs, cats, rabbits, hamsters, guinea pigs, birds, and reptiles.
The common area maintenance fee is ฿14 per square meter based on the plot size of the property and is ฿7,392 for this house. This fee 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.
Hua Mak ARL is the nearest Airport Rail Link Station from Setthasiri Krungthep Kreetha 2 and it is 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 Setthasiri Krungthep Kreetha 2 you have to follow these steps:

  • - Agreement of terms and conditions
  • - Reservation Agreement
  • - Reservation Deposit
  • - Sales and Purchase Agreement
  • - Settlement & Transfer
Installment Milestone Payment
Reservation Deposit
Upon contract signing
30%
1st Installment
On handover
70%


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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Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby Setthasiri Krungthep Kreetha 2

Location
Number of units
Sales Prices
Monthly Rentals
Year Built
Completion Status
Project Name
Location
Number of units
Sales Prices
Monthly Rentals
Year Built
Completion Status
Location
Hua Mak, Bang Kapi, Bangkok
Number of units
86
Sales Prices
฿60.2M - ฿109M
Monthly Rentals
฿451K
Year Built
Jun 2022
Completion Status
Completed
Project Name
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Location
Hua Mak, Bang Kapi, Bangkok
Number of units
1000
Sales Prices
฿15.9M - ฿20M
▼ -44% underpriced
Monthly Rentals
฿18K - ฿60K
Year Built
Jan 2005
Completion Status
Completed
Location
Hua Mak, Bang Kapi, Bangkok
Number of units
276
Sales Prices
฿20.3M - ฿44.5M
Monthly Rentals
฿120K - ฿251K
Year Built
Jun 2022
Completion Status
Completed
Location
Hua Mak, Bang Kapi, Bangkok
Number of units
N/A
Sales Prices
฿4.11M
Monthly Rentals
N/A
Year Built
N/A
Completion Status
Completed
Location
Hua Mak, Bang Kapi, Bangkok
Number of units
48
Sales Prices
฿44.1M - ฿110M
Monthly Rentals
฿251K - ฿291K
Year Built
Jan 2022
Completion Status
Completed
Location
Hua Mak, Bang Kapi, Bangkok
Number of units
314
Sales Prices
฿28M - ฿34M
▲ 20% overpriced
Monthly Rentals
฿40K - ฿150K
Year Built
Dec 2015
Completion Status
Completed
Location
Saphan Sung, Bang Kapi, Bangkok
Number of units
69
Sales Prices
฿95.3M - ฿130M
Monthly Rentals
N/A
Year Built
Jan 2023
Completion Status
Completed
Location
Hua Mak, Bang Kapi, Bangkok
Number of units
120
Sales Prices
฿4.05M - ฿4.85M
▲ 19% overpriced
Monthly Rentals
฿26K - ฿37K
Year Built
Nov 2013
Completion Status
Completed
Location
Hua Mak, Bang Kapi, Bangkok
Number of units
223
Sales Prices
฿9.99M - ฿22.8M
▼ -2% underpriced
Monthly Rentals
฿40K
Year Built
Jan 2016
Completion Status
Completed
Location
Hua Mak, Bang Kapi, Bangkok
Number of units
205
Sales Prices
฿8.9M
Monthly Rentals
฿18K - ฿25K
Year Built
Dec 2013
Completion Status
Completed
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