Enfield Court Ref 891

891

Property ID

101 Sqm

Size

2

Bedrooms

1

Bathroom

Description

Enfield Court is a well-known building located in Joubert Park. This area is a favourite amongst investors and tenants.

There is electric fencing around the premises for extra security along with a biometric system and CCTV cameras throughout the building.

Financial statements are also available and as a bonus, the building had a recent major revamp/upgrade.

This is an opportunity not to be missed!

Number of flats in building: 65.

Size: 101 sqm.

Levy: R 852.57 pm. City Accommodations (011) 656 2899.

Original two-bedroom unit. The flat has a separate bathroom consisting of a bath, basin and toilet as well as a separate kitchen. The unit is equipped with a working geyser and is neatly tiled. There is a large living area used as two additional sleeping-stations.

The current owner is getting R 5 582.00 p.m. According to rental managers in the area a rental income of between R 5 500.00 pm and R 5 600.00 pm can be achieved, if the property is upgraded to their specifications.

The property is in a fairly good condition but requires a full coat of paint as well as some work on the kitchen cupboards. A detailed maintenance quote will be supplied to the successful buyer. 

Yes. According to the Body Corporate, 6 people may reside in the unit.

Closest Amenities:

 

Name Type Suburb Distance      
SPAR Fontana Highpoint Shops Berea 0.23 km.
Afro Combs College Education Joubert Park 0.26 km.
Netcare Rand Hospital Emergency Services Joubert Park 0.68 km.

Calculation:

Purchase with Bond (90%):

 

R 230 000.00 Bond at 10% =R 1 998.00 p.m.
Monthly Levy =R 852.57 p.m.
Rental Management fee (if applicable) =R 641.93 p.m.
Total R 3 492.50 p.m.


R 5 582.00 rental income – R 3 492.50 expenses = R 2 089.50 Cashflow positive.

Purchase with Cash:

 

Monthly Levy =R 852.57 p.m.
Rental Management fee (if applicable) =R 641.93 p.m.
Total R 1 494.50 p.m.                      


R 5 582.00 rental income – R 1 494.50 expenses = R 4 087.50 Cashflow positive.

Gross Yield: 29% at R 5 582.00 rental income and R 230 000.00 cash offer.

 

Would you like to make an offer on this property?

Address

Address: 40 Kapteijn Street, Joubert Park
  • Country: South Africa
  • Province / State: Gauteng
  • City / Town: Johannesburg
  • Neighborhood: Joubert Park
Open on Google Maps
  • Property ID 891
  • Property Type Sectional Title
  • Property status Sold
  • Bedrooms 2
  • Bathrooms 1
  • Size 101 Sqm
  • Label Invest
  • Number of flats in building: 65

Contact

Ian

Property Agent
reception@mamela.co.za
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