2 Bedroom Townhouse for sale at VIP Home 7

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Ban Pet, Mueang Khon Kaen,Khon Kaen
Unit ID: U1647612
4% Rental Yield
2 Bedrooms
2 Bathrooms
90 SqM Indoor Area
2 Storeys
May 2011 Completed

About This Townhouse

This property is a 90 SqM townhouse with 2 bedrooms and 2 bathrooms that is available for sale. It is part of the project in Ban Pet, Khon Kaen and was completed in May 2011. You can buy this townhouse for a base price of ฿1,790,000 (฿19,889/SqM).

Features

TerraceTerrace Covered ParkingCovered Parking Maids QuartersMaids Quarters BalconyBalcony Fully RenovatedFully Renovated Renovated KitchenRenovated Kitchen Renovated BathroomRenovated Bathroom

Basic Information

Date Listed Aug 23, 2023
Updated 1 year ago
Property Type Townhouse
Storeys 2
Location Ban Pet, Khon Kaen
Bedrooms 2
Nearest Landmark Khon Kaen Airport -3.3 Km
Indoor Area 90 SqM
Price per SqM ฿19,889
Outdoor Area
This is the combined size of the terrace, pool, parking area, and sala. It does not include the size of the garden.
9 SqM
Plot Size 72 SqM
Pets All Kind of Pets Allowed
Townhouse Ownership

Foreign nationals can own the building (townhouse) 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 (May 2011)
Furniture
Unfurnished
View(s) Garden View
Unit Type N/A
Parking Spots 1
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.
฿500/mo
Listed By
Each listing provided by partnered agents is individually verified by FazWaz.co.th. Partner Agents work for different brokerages or property management companies but have teamed up with FazWaz.co.th so that we can provide you a wider choice of properties
Agent / Partner
Electricity Price N/A
Water Price N/A
Unit ID U1647612

Investment Opportunity: Charges & Yield

Sale Price
฿1,790,000
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.
฿500/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.
24
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 2 bedroom townhouses at VIP Home 7, and the current sales price.
4%

Project Details

Project Name: VIP Home 7
Developer: N/A
Construction: Completed (May 2011)
Units: 107
Project Area: N/A
Nearest Landmark Khon Kaen Airport - 3.3 Km
Location: Ban Pet, Khon Kaen
VIP Home 7 Project Details

Project Features

24H Security 24H Security
Car Parking Car Parking

Available Units at VIP Home 7

For Sale 3 For Rent 2
Get notified when new homes are being added to VIP Home 7
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Frequently Asked Questions

All kind of pets are allowed at VIP Home 7 including dogs, cats, rabbits, hamsters, guinea pigs, birds, and reptiles.
The common area maintenance fee for properties at VIP Home 7 is a fixed amount of ฿500. 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.
Khon Kaen Airport is the nearest Airport from VIP Home 7 and it is 3.3 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 VIP Home 7 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

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Khon Kaen
Ban Pet

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby VIP Home 7

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Project Name
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Ban Pet, Mueang Khon Kaen, Khon Kaen
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Year Built
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Completed
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Number of units
N/A
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฿1.14M
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Completion Status
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Ban Pet, Mueang Khon Kaen, Khon Kaen
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▼ -22% underpriced
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Completed
Location
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฿1.24M - ฿1.58M
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Completion Status
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Project Name
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Location
Ban Pet, Mueang Khon Kaen, Khon Kaen
Number of units
100
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฿6.85M
▼ -27% underpriced
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Year Built
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Completion Status
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Project Name
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Location
Ban Pet, Mueang Khon Kaen, Khon Kaen
Number of units
279
Sales Prices
฿6.45M
Monthly Rentals
N/A
Year Built
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Completion Status
Completed
Location
Ban Pet, Mueang Khon Kaen, Khon Kaen
Number of units
149
Sales Prices
฿1.64M - ฿2.35M
Monthly Rentals
N/A
Year Built
Jan 2017
Completion Status
Completed
Location
Ban Pet, Mueang Khon Kaen, Khon Kaen
Number of units
100
Sales Prices
฿6.36M
Monthly Rentals
N/A
Year Built
Jan 2018
Completion Status
Completed
Project Name
The Flex Townhome
Location
Ban Pet, Mueang Khon Kaen, Khon Kaen
Number of units
80
Sales Prices
฿2.93M
Monthly Rentals
N/A
Year Built
Dec 2015
Completion Status
Completed
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