2690
Property ID
53 Sqm
Size
1
Bedroom
1
Bathroom
Inglenook is located in the upmarket area of Belle-Vue East which is the centre of attraction for investors.
There is a security company appointed 24/7 at the complex. The building is insured, and it is very well maintained.
The building is high in demand with residents due to the above outstanding features.
This is an investment not to be missed!
Number of flats in building: 46.
Size: 53 sqm.
Levy: R 711.00 pm. GAMAG Property (011) 900 1200
Original one-bedroom unit. The flat has a tiled bathroom consisting of a bath, basin and toilet. There is a separate tiled kitchen and the unit is carpeted.
The unit is currently vacant. According to rental managers in the area a rental income of between R4 000.00 pm and R4 400.00 pm can be achieved, if the property is upgraded to their specifications. Mamela is currently successfully managing similar units in this building for a rental of R4 200.00.
The unit is in a mild condition and requires paint work, tiling and general touch-ups. A detailed maintenance quote will be supplied to the successful buyer.
No. According to the Body Corporate, 4 people may reside in the unit.
Closest Amenities:
| Name | Type | Suburb | Distance |
| Police – SAPS | Emergency | Norwood | 1.76 km. |
| Engen | Services | Yeoville | 1.10 km. |
| Yeoville Boys Primary School | Education | Yeoville | 1.83 km. |
Calculation:
Purchase with Bond (90%):
| R210 000.00 Bond at 7% | =R 1 465.00 p.m. |
| Monthly Levy | =R 711.00 p.m. |
| Rental Management fee (if applicable) | =R 483.00 p.m. |
| Total | R 2 659.00 p.m. |
R 4 200.00 rental income – R 2 659.00 expenses = R 1 541.00 Cashflow positive.
Purchase with Cash:
| Monthly Levy | =R 711.00 p.m. |
| Rental Management fee (if applicable) | =R 483.00 p.m. |
| Total | R 1 194.00 p.m. |
R 4 200.00 rental income – R 1 194.00 expenses = R 3 006.00 Cashflow positive.
Gross Yield: 24% at R 4 200.00 rental income and R 210 000.00 cash offer.
