New Carlington Ref 1007

New Carlington Ref 1007

1011

Property ID

150 Sqm

Size

3

Bedrooms

2

Bathrooms

Description

Pristine property in Hillbrow.

 

Size: 150 sqm.

Levy: R 1 261-78 p.m.

A spacious 3 bedroom flat, kitchen with nice cupboards with 2 bathrooms (one en-suite). There are two big living areas and there is an open balcony.

The unit is currently vacant..  According to other rental agents, rental of between R 5 000-00 p.m. and R 6 000-00 p.m. is achievable should the property be upgraded to their specifications.

This property is in a good condition (Recently renovated) – A detailed maintenance quote will be provided to the successful buyer.

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

Closest Amenities:

 

0.25 km        Engen Hillview Service Station
0.1 km          Rand Clinic
0.46 km        Hillbrow Police Station
0.33 km        Highpoint Shopping Centre
0.19 km       Gauteng College

Calculation:

 

 

Purchase with Bond (90%):

 

R295 000.00 Bond at 8.25% =R 2 262-00 p.m.
Monthly Levy =R 1 261-78 p.m.
Rental Management fee (if applicable) =R 672-75 p.m.
Total   R 4 196-53 p.m.

 

R 5 850-00 rental income – R 4 196-53 expenses = R 1 653-47 Cash flow positive. 

 

Purchase with Cash:

 

Monthly Levy =R 1 261-78 p.m.
Rental Management fee (if applicable) =R  672-75 p.m.
Total   R 1 934-53 p.m.                      

 

R 5 850-00 rental income – R 1 934-53 expenses = R 3 915-47 Cash flow positive.

 

 

Gross Yield: 23.79% at R 5 850.00 rental income and R295 000.00 cash offer.

Address

Address: 30 Caroline Street, Hillbrow
  • 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
  • Bedrooms 3
  • Bathrooms 2
  • Size 150 Sqm
  • Label R 295 000.00

Contact

Ian

Property Agent
reception@mamela.co.za
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