Monterey Ref 1008

Monterey Ref 1008

1011

Property ID

109 Sqm

Size

2

Bedrooms

1

Bathroom

Description

Pristine property in Yeoville.

 

Size: 91 sqm.

Levy: R 1 035-00

A 2 bedroom flat, kitchen with cupboards and a geyser, 1 bathroom basin and bath (separate toilet). There’s a lounge and closed balcony.

This unit is currently vacant. According to other rental agents, rental of between R 6 000-00 p.m. and R 7 000-00 p.m. is achievable should the property be upgraded to their specifications.

This property needs slight maintenance – a maintenance quote can be given to the successful buyer

No. According to the Body corporate 4-6 people may stay in the unit.

Name                  Type                  Suburb            Distance    

Primary School    Education             Berea             0.57 km.

Police SAPS        Emergency           Berea             0.87 km.

Faeriedale            Shops                   Berea             0.7 km.

Calculation:

Purchase with Bond (90%):

R295 000-00 Bond at 8.25%                                  = R 2 262-00 p.m.
Monthly Levy                                                          = R 1 035-00 p.m.
Rental Management fee (if applicable)                   = R 805-00 p.m.
Total                                                                        = R 4 102-00 p.m.

R 7 000-00 rental income – R 4 102-00 expenses = R 2 898-00 Cash flow positive.

 

Purchase with Cash:

Monthly Levy                                                           = R 1 035-00 p.m.
Rental Management fee (if applicable)                   = R 805-00 p.m.
Total                                                                         = R 1 840-00 p.m.

R 7000-00 rental income – R 1 840-00 expenses = R 5 160-00 Cash flow positive.

Gross Yield: 28.4% at R7 000-00 rental income and R295 000-00 cash offer.

Address

Address: 27 HarleyStreet,Yeoville
  • Country: South Africa
  • Province / State: Gauteng
  • City / Town: Johannesburg
  • Neighborhood: Hillbrow
  • Postal code / ZIP: 2001
Open on Google Maps
  • Property ID 1011
  • Property Type Sectional Title
  • Property status Buy
  • Rooms 2
  • Bedrooms 2
  • Bathrooms 1
  • Size 109 Sqm
  • Label R 295 000.00

Contact

Ian

Property Agent
reception@mamela.co.za
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