Hyde Park Corner Ref 1013

Hyde Park Corner Ref 1013


Property ID

81 Sqm







Pristine property for sale in Hillbrow.

The building is located among great amenities Hillbrow.

Pristine Location!

This is an opportunity not to be missed!

Size: 81 sqm.

Levy: R1 534.84

A spacious one bedroom unit for sale with a separated kitchen with build in cupboards, separated bathroom with a bath basin and toilet.
The unit also has a big living area that can be utilized as a bedroom.

The unit is currently occupied and the rental amount is R4 000.00. According to rental agents, rental of between R 3 500.00 p.m. and R 4 500.00 p.m. is achievable should the property be upgraded to their specifications.

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

No. According to the Body Corporate 4 people may stay in the unit

Closest Amenities:
Engen Hillview Service Station    Fuel                               Hillborw                   0.29km

Hillbrow Police Station                Emergency Services     Hillbrow                   0.5km

Highpoint Shopping Centre         Shops                           Hillbrow                  0.36km


Purchase with Bond (90%):

R 195 000.00 Bond at  8.25 % =R1 495.00 pm
Monthly Levy =R 1534.84 pm
Rental Management fee (if applicable) =R 460.00 pm
Total =R 3 489.84 pm

R4 000.00 rental income – R3 489.84 expenses = R 510.16 Cash flow positive.

Purchase with Cash:

Monthly Levy =R 1 534.84 pm
Rental Management fee (if applicable) =R 460.00 pm
Total = R1 994.84 pm

R 4 000.00 rental income – R 1 994.84 expenses = R 2 005.16 Cash-flow positive.

Gross Yield: 24.6% at R 4000.00 rental income and R 195 000.00 cash offer.


Address: 121 Banket Street, Hillbrow
  • Country: South Africa
  • Province / State: Gauteng
  • City / Town: Johannesburg
  • Neighborhood: Hillbrow
  • Postal code / ZIP: 2001
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  • Property ID 1013
  • Property Type Sectional Title
  • Property status Buy
  • Rooms 2
  • Bedrooms 1
  • Bathrooms 1
  • Size 81 Sqm
  • Label R195 000.00



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