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    2 Bedroom House for sale at The Palm Garden 4
    San Phak Wan, Hang Dong,Chiang Mai
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    Sale Price
    $72,000 $74,800
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    2 Bedroom House for sale at The Palm Garden 4
     (Write Review)
    Unit ID: U1140752
    7% Rental Yield
    San Phak Wan, Hang Dong,Chiang Mai
    $72,000 $74,800
    2 Bedrooms
    2
    Bathrooms
    1,076 Sqft
    Indoor Area
    2
    Storeys
    Aug 2018
    Completed
    15
    Sale Price
    $72,000
    $74,800

    About This House

    This property is a 1,076 Sqft house with 2 bedrooms and 2 bathrooms that is available for sale. It is part of the The Palm Garden 4 project in San Phak Wan, Chiang Mai and was completed in Aug 2018. You can buy this house for a base price of $72,000 ($67/Sqft) and it is also available for long term rentals starting from $408 per month.

    Features

    Private GardenPrivate Garden TerraceTerrace Covered ParkingCovered Parking BalconyBalcony

    Basic Information

    Date Listed Mar 19, 2023
    Updated 8 months ago
    Property Type House (Single Detached)
    Storeys 2
    Location San Phak Wan, Chiang Mai
    Bedrooms 2
    Nearest Landmark Mae Hia Fresh Market -3.4 Km
    Indoor Area 1,076 Sqft
    Price per Sqft $67
    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 1,679 Sqft
    Pets Cats Only
    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 (Aug 2018)
    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, Unblocked Open 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 U1140752

    Investment Opportunity: Charges & Yield

    Sale Price
    $72,000
    Rent
    $408/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.
    15
    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: The Palm Garden 4
    Developer: N/A
    Construction: Completed (Aug 2018)
    Units: 64
    Project Area: N/A
    Nearest Landmark Mae Hia Fresh Market - 3.4 Km
    Location: San Phak Wan, Chiang Mai
    The Palm Garden 4 Project Details

    Project Features

    Communal Pool Communal Pool
    Clubhouse Clubhouse
    24H Security 24H Security
    CCTV (Video Surveillance) CCTV (Video Surveillance)
    Car Parking Car Parking
    Outdoor Kids Zone Outdoor Kids Zone
    Communal Garden Area Communal Garden Area

    Available Units at The Palm Garden 4

    For Sale 1 For Rent 1
    • All
    • 2 Beds
    Get notified when new homes are being added to The Palm Garden 4
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    Frequently Asked Questions

    All kind of pets are allowed at The Palm Garden 4 including dogs, cats, rabbits, hamsters, guinea pigs, birds, and reptiles.
    Mae Hia Fresh Market is the nearest Market from The Palm Garden 4 and it is 3.4 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 Palm Garden 4 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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    Chiang Mai
    San Phak Wan

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