Davenport 959

959

Property ID

78 Sqm

Size

1

Bedroom

1

Bathroom

Description

Davenport is one of the sectional titles blocks in Berea with exceptional potential.

Perfectly located on Oreilly Road and popular to tenants due to all the close amenities such as Police – SAPS and a walking distance to the Sports & Recreation Centre.

A sound opportunity not to be missed.

Number of flats in building: 54.

Size: 78sqm.

Levy: R 908.00 

A spacious one bedroom flat with an open balcony and a large living area. The Unit has a separated Barthroom, separated toilet and separated Kitchen. There is a Geyser.

The rent is currently R 4 600.00 pm. According to rental managers in the area a rental income of between R 4 000.00 pm and R 4 600.00 pm can be expected if the desired maintenance is done.

The property is in a good condition though it needs slight maintenance.A detailed maintenance quote will be supplied to the successful buyer. 

Yes. According to the Body corporate 4 people may stay in the unit.

Closest Amenities:

Name

Type

Suburb

Distance

Afro Kombs College School Joubert Park

0.73 km.

Police SAPS – Yeoville Emergency Services Yeoville

1.05 km.

Engen Quick Shop Shops Hillbrow

0.50 km.

Calculation:

Purchase with Bond (90%):

  • R 225 000.00 Bond at 7% =R 1570.00 p.m.
  • Monthly Levy =R 908.00 p.m.
  • Rental Management fee (if applicable) =R 529.00 p.m.
  • Total =R 3007.00 p.m.

 

R 4600.00 rental income – R 3007.00 expenses = R 1593.00 Cash flow positive.

Purchase with Cash:

  • Monthly Levy =R 908.00 pm
  • Rental Management fee (if applicable) =R 529.00 pm
  • TotalR 1437.00 pm

R 4600.00 rental income – R 1437.00expenses = R 3163.00 Cash-flow positive.

Gross Yield: 24.5% at R 4600.00 rental income and R 225 000.00 cash offer.

Would you like to make an offer on this property?

Address

Address: 50 Oreilly Road, Berea
  • Country: South Africa
  • Province / State: Gauteng
  • City / Town: Johannesburg
  • Neighborhood: Berea
  • Postal code / ZIP: 2198
Open on Google Maps
  • Property ID 959
  • Property Type Sectional Title
  • Property status Sold
  • Bedrooms 1
  • Bathrooms 1
  • Size 78 Sqm
  • Land area 1,505 SqFt
  • Label R225 000.00
  • Number of flats in building: 54

Contact

Ian

Property Agent
reception@mamela.co.za
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