Pristine property in Hillbrow.
New Carlington Ref 1007
1011
Property ID
150 Sqm
Size
3
Bedrooms
2
Bathrooms
Description
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
- Property ID 1011
- Property Type Sectional Title
- Property status Buy
- Bedrooms 3
- Bathrooms 2
- Size 150 Sqm
- Label R 295 000.00
Contact
