997
Property ID
43 Sqm
Size
1
Bedroom
1
Bathroom
La Plagne is one of the sectional title blocks in Yeoville with exceptional potential and is favoured amongst investors and residents.
Mamela Estates is currently managing a number of flats for investments in this building.
A sound opportunity not to be missed!
Size: 43 sqm.
Levy: R 810.48 pm.
One bedroom unit with a big living area and a separated bathroom with a bath, basin and toilet.
The unit is currently vacant. According to rental managers in the area the general rental income is between R 3300.00 pm and R 3600.00 p/m, if the property is upgraded to their specifications.
The unit is in fair condition and needs slight maintenance. a detailed quote will be sent to the successful buyer.
No, according to the body corporate 4 people may reside in this unit.
Closest Amenities:
| Name | Type | Suburb | Distance |
| Engen Yeoville Motors | Filling Station | Yeoville | 0.32 km. |
| Netcare Rand Hospital | Hospital | Yeoville | 0.94 km. |
| Bellevue Primary and High School | School | Yeoville | 0.26 km. |
Calculation:
Purchase with Bond (90%):
| R170 000.00 Bond at 7% | =R 1 233.00 p.m. |
| Monthly Levy | =R 810.48 p.m. |
| Rental Management fee (if applicable) | =R 414.00 p.m. |
| Total | R 2 457.48 p.m. |
R 3 600.00 rental income – R 2457.48 expenses = R 1 142.52 Cashflow positive.
Purchase with Cash:
| Monthly Levy | =R 810.48 |
| Rental Management Fee | =R 414.00 p.m. |
| Total | R 1 224.00 p.m |
R 3 600.00 rental income – R 1 224.00 expenses = R 2 376.00 Cashflow positive.
Gross Yield: 25% at R 3 600.00 rental income and R 170 000.00 cash offer.
