891
Property ID
101 Sqm
Size
2
Bedrooms
1
Bathroom
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.
