1 Bedroom Condo for sale at Peaks Avenue

(6 Reviews)
Chang Khlan, Mueang Chiang Mai,Chiang Mai
Unit ID: U633698
1 Bedroom
1 Bathroom
61.40 SqM Size
2 Floor
Dec 2015 Completed

About This Condo

This property is a 61.40 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the Peaks Avenue project in Chang Khlan, Chiang Mai and was completed in Dec 2015. You can buy this condo for a base price of ฿6,500,000 (฿105,863/SqM).

Experience Life at Its Finest: Own 61.4 SqM in Chang Khlan!

Welcome to your future condo on Peaks Avenue in the vibrant Chang Khlan, Chiang Mai. Here is your opportunity to proudly own 61.4 square meters of prime real estate and experience the City of Chiang Mai like no other. This sensationally completed property has been designed with the highest quality of materials, standing magnificently since its completion in December 2015.Situated on the border of the Chang Khlan district, this condo will undoubtedly unleash your curiosity to explore the culture and attractions that this area has to offer. Comprehensively equipped with one bedroom and one bathroom, this is an attractive proposition for a primary residence or even a second home.As a prospective homebuyer, you can buy with confidence knowing that your investment is one of quality. Well-planned and crafted with the finest materials, the property boasts modern features and amenities that have been crafted by leading architectural developers.As a proud homeowner, you will benefit from a first-class living experience, surrounded by an eclectic mix of leisure facilities and amenities. The opportunities are endless, from the nearby attractions, to convenient transport and shopping opportunities.Invest in a new lifestyle, with convenience and unequalled value. The sublime listing price for this 61.4 SqM condo starts at ฿6,500,000 (฿105,863/SqM), a value that simply cannot be ignored. For further information, enquire with us today and join in on this incredible opportunity to experience life on Peaks Avenue.

Features

BalconyBalcony Full Western KitchenFull Western Kitchen MicrowaveMicrowave OvenOven

Basic Information

Date Listed Sep 25, 2020
Updated 3 years ago
Property Type Condo
Floor 2
Bedroom 1
Size 61.40 SqM
Price per SqM ฿105,863
Pets Not Allowed
Condo Ownership

Foreign nationals can be freehold owners of condominium units, in buildings where not more than 49% of the unit floor space is owned by foreigners. Units that are part of the Thai quota or are being leased for 30 years can be converted to the foreign freehold quota if that is currently below 49%.

Thai Quota
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 1BR
Building 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.
฿3,070/mo
Listed By
Developer
Electricity Price N/A
Water Price N/A
Unit ID U633698

Price Analysis

Great Price
Estimated market value ฿7,523,380
Great
฿5,960,000
Good
Fair
Above
฿10,900,000
Current asking Price: ฿6,500,000
This condo is ฿1,023,380 BELOW MARKET (-14%) in the Chiang Mai area. It is analyzed against similar condos and is based on previous transaction data, the current market situation, neighborhood details, and the specific details of this property.
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Investment Opportunity: Charges & Yield

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.
฿3,070/mo

Project Details

Project Name: Peaks Avenue
Construction: Completed (Dec 2015)
Floors: 8
Buildings: 1
Units: 28
Project Area: 1,600 SqM
Nearest Landmark Warorot Market - 1.2 Km
Location: Chang Khlan, Chiang Mai
Peaks Avenue Project Details

Project Features

Hotel Managed Hotel Managed
Communal Pool Communal Pool
Jacuzzi Jacuzzi
Communal Gym Communal Gym
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Car Parking Car Parking
Sauna Sauna
Reception / Lobby Area Reception / Lobby Area

Popular Facilities at Peaks Avenue

  • Communal Pool
    Ground Floor
  • Communal Gym
    Ground Floor
  • Reception / Lobby Area
    Ground Floor
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Available Units at Peaks Avenue

For Sale 4 For Rent 1
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Payment Plan

Payment Plan
Installment Milestone Payment
Reservation Deposit
Immediately
10%
1st Installment
Upon contract signing
40%
2nd Installment
On handover
50%

Frequently Asked Questions

No pets are allowed at Peaks Avenue unless specifically permitted by the juristic office. Exceptions can be made for service or guide dogs for persons with disabilities.
The common area maintenance fee is ฿50 per square meter based on the size of indoor area of the property and is ฿3,070 for this condo. 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.
For new projects, the buyer pays a one-off lump sum upon transfer of the property from the developer to the buyer. This fund is to be used for major renovations and replacement of equipment when necessary, to ensure the maintenance of the building and the common area. At Peaks Avenue the required payment for the sinking fund is ฿500 per square meter based on the size of the indoor area of the property.
Warorot Market is the nearest Market from Peaks Avenue and it is 1.2 km away.

Foreigners can own a condominium Freehold in their own name. Condominium ownership is best explained by looking at an example of a project that has 100 units for sale.

In this example, 49 of the total units in this building (or 49% of the total salable area) can be owned outright by non-thai nationals in their name.  The ownership titles of these 49 units is referred to as Freehold or Foreign Quota. 

This leaves 51 units remaining in the building (or 51% of the total salable). The freehold rights to these units are reserved for Thai nationals in what is commonly referred to as the Thai quota.

 

Read more here

After you have found the right property at Peaks Avenue you have to follow these steps:

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

 


Payment Plan
Installment Milestone Payment
Reservation Deposit
Immediately
10%
1st Installment
Upon contract signing
40%
2nd Installment
On handover
50%

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

4.2 out of 5
Based on
6 Reviews
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Although it is a small condo, it is luxurious and expensive
Jacob Vestine, Denmark, 4 years ago
This condo is near Night Bazaar Market, colorful at night, and there are many temples in the neighborhood. You will like it for sure because it is very safe and not as crowded as Bangkok. Plus, the prices of various things are not expensive at all. However, I choose to stay at a condo here because it's easy to travel. Moreover, the project site provides a full range of facilities, and there is a service in the hotel-management, so the service is very good. Furthermore, there is a swimming pool, a sauna, and a fitness room. Although the price is expensive, it is worth the price !!
Clean rooms and quality, suitable for the price
Domenica Cosgrove, Canada, 4 years ago
It's a pleasant and memorable stay. My friends and I stayed here last month. It is a very luxurious condo with beautiful room decor. There is also a complete range of facilities. The prices are also reasonable. The rooftop pool is crystal clear water and a seating and relaxation area. However, it is quite hot during the day. I recommend having a seat in the afternoon or evening would be better. The project location is convenient to travel to and close to Chiang Mai City. I love this place as we can relax privately and it is not crowded.
Modern condo in Chiang Mai
Tanya K., Thailand, 4 years ago
Excellent modern condo located within walking distance of Chiang Mai night market and only 25 minutes drive from the city center. The project has a rooftop swimming pool, recreation area, 24-hour security system with electronic access control systems. It has very safe standards as well. I rented this condo for several weeks, 1 bedroom size, which is the perfect size for being alone.
A great condo not far from the city
Lisa Boucher, France, 4 years ago
It was the right decision to buy it here. My room is 2-bedroom with modern decoration but simple. As my room is a duplex, the first floor is a living area with a high ceiling to make the entire space airy and magnificent. The second floor has bedrooms. I think the room layout is well divided. Conveniently located not far from the city, and only 10 minutes drive to the old city moat.
Luxury condo, near tourist attraction
Anuwat K., Thailand, 5 years ago
Peaks Avenue is a luxury condo in Chiang Mai city center. Located in a very convenient location, the project is close to tourist attractions such as Tha Phae Gate and Wualai Walking Street. The project focuses on modernity and luxury. A one-bedroom duplex has a unique layout and complete functions, decorated with furniture from a leading brand. In the project, there are also many facilities such as a reception, a swimming pool, a jacuzzi, and parking space, etc. The price here is a bit high compared to other projects.
Stylish condo
Janny Low, Singapore, 5 years ago
I reviewed the project yesterday, and I love it. The condo is stylish, simple, and elegant, so I decided to reserve it. It can be a bit pricy but understandable for many reasons. The property only has a small number of the unit. The unit I booked is a 2-bedroom type at 120 sq.m. You can see the mountains in the distance from every room, suitable for relaxation. I love that it makes me feel safe, like living in a house; it's also peaceful and private, not like other condos. The decoration materials are luxurious with high quality; the built-in kitchen is nice as well. The common area is luxurious, with the receptionist welcoming the residents. Most of the facilities occupy the entire rooftop, including a pool, a gym, a sauna, a garden with a mountain view. Feel like traveling to Japan, love it! From the project, I can walk to Tha Pea Gate and nearby attractions in about 20 minutes.
Chiang Mai
Chang Khlan

Neighborhood Overview

Location and Neighborhood

Street View

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