The Sena Nikhom district in Thailand is close to the Chatuchak district however it has no mass transit connections unlike other locations in Thailand. This district has a university in the area by the name of Sripatum University and property prices vary greatly in the area.
Sena Nikhom District
Since there is no mass transit in the Sena Nikhom district, property prices tend to be higher closer to Sripatum University and this also goes for rentals. The average apartment close to the university tends to hover between the 3,000,000 THB and 4,000,000 THB which is the lower end in Bangkok for newer developments. These prices are for 40 Sqm on average apartments which works out to about 87,000 THB per Sqm. Rental incomes also vary in the range of about 275 THB per month per SQM.
Many have in the past bought apartments and used the rental income as an investment however the Thai banks have made loans more difficult to obtain to avoid a property bubble as well as a rental bubble. Like most areas in Bangkok, property developments depend on location and this will also determine the price of the condominium unit as well as the rental market later.
Property developments around universities tend to be lower in price as the rental market for students would be big, however with Thailand lower birth rates this might not continue forever as university entrants lower in number long term. If you are looking at investing in property, then you have to consider all your options before you buy into a property development.
You will also need to consider the laws with regards to foreigners and what you can and cannot won in Thailand. As an example foreigners are not allowed to own more than 49% of the residential units in a development so you have to consider this and tell the developer before you deposit your money about this so they can check their registry with regards to ownership. New laws also get passed a one of the most recent changes was the rental laws which adds more procedures to increase rentals if you are renting out a large number of condominium or housing units, Sena Nikhom district is no different.
You will also not that the closest BTS system is Phayathai Station as well as Mo-Chit Station which is a distance from the general area however it would be shorter to travel by taxi to and from the BTS system than by road into Central Bangkok. If you are looking to invest or buy property in this general area, then you might want to consider looking at the Chatuchak property market or the Chom Phon property market which is linked by mass transit. The prices would be a bit higher however if it is a must have then the price might be worth your while.
Always take proper legal advice before you invest in any property in Thailand. Rules and laws do change so having a due diligence don on a property might be a good start. Speak to a property lawyer in Thailand for more advice as well as guidance.