904
Property ID
74 Sqm
Size
1
Bedroom
1
Bathroom
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.
