Houghton View Heights Ref 904

904

Property ID

74 Sqm

Size

1

Bedroom

1

Bathroom

Description

Houghton View Heights is a well-known building located in Yeoville. This area is a favourite amongst investors and tenants.

The block is secured by means of an on-board security guard.

The building managers and trustees are tremendously vigilant that the financial management of the building is running as smooth as possible.

The building has audited financial statements.

A sound investment indeed!

Number of flats in building: 42.

Size: 74 sqm.

Levy: R 303.99 pm. Managed by: Yenzani Financial Services (086) 111 1614.

A spacious one bedroom flat with one bathroom consisting of a bath, basin and toilet. It has a spacious living area. There is a separate kitchen and an enclosed balcony. The unit is equipped with a burglar gate and has prepaid meters.

The owner is currently receiving R 3 800.00 p.m. According to the rental managers in the area a rental income between R 3 800.00 to R 4 200 p.m. can be achieved as we are successfully managing similar units in this block.

The flat is in a good condition. There is some cosmetic maintenance that needs attention. A detailed maintenance quote will be supplied to the successful investor. 

Yes. According to the Body Corporate up to 4 people may reside in the unit.

Closest Amenities:

 

Name Type Suburb Distance    
McDonalds Entertainment Yeoville 0.21 km.
Fire Station Medical Berea 1.28 km.
Yeoville Boys’ Primary School Education Parktown 0.88 km.

Calculation:

 

Purchase with Bond (90%):

 

R200 000.00 Bond at 7% =R 1 396.00 p.m.
Monthly Levy =R 303.90 p.m.
Rental Management fee (if applicable) =R 483.00 p.m.
Total R 2 182.90 p.m.


R 4 200.00 rental income – R 2 182.90 expenses = R 2 017.10 Cashflow positive. 

 

Purchase with Cash:

 

Monthly Levy =R 303.90 p.m.
Rental Management fee (if applicable) =R 483.00 p.m.
Total R 786.90 p.m.                      


R 4 200.00 rental income – R 786.90 expenses = R 3 413.10 Cashflow positive.

Gross Yield: 25% at R 4 200.00 rental income and R 200 000.00 cash offer.

Would you like to make an offer on this property?

Address

Address: 52 Kenmere Road, Yeoville
  • Country: South Africa
  • Province / State: Gauteng
  • City / Town: Johannesburg
  • Neighborhood: Yeoville
  • Postal code / ZIP: 2198
Open on Google Maps
  • Property ID 904
  • Property Type Sectional Title
  • Property status Sold
  • Rooms 1
  • Bedrooms 1
  • Bathrooms 1
  • Size 74 Sqm
  • Label Invest
  • Number of flats in building: 42

Contact

Ian

Property Agent
reception@mamela.co.za
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