Prospect Place Ref 890


Property ID

82 Sqm







An exciting well priced opportunity at Prospect Place, located in Berea. This area is a favourite amongst investors and tenants.

Mamela is currently managing numerous units in the building and our investors are getting great return on their acquisitions. There is security at the building and the building is insured which is a great bonus.

This is an opportunity not to be missed!

Number of flats in building: 84. 

Size: 82 sqm. 

Levy: R 1454.60 Managed by PAL Property Management 011 472 7226. 

This is a one-and-a-half-bedroom unit and the living room has been sub-divided into a sleeping station and tv-room. The unit’s bathroom has a basin and bath with a separate toilet. There is a working geyser. The flat is neatly tiled and painted.

R 5 250.00 pm. is currently paid to the owner. According to rental managers in that area, a rental income of between R 5 000.00 p.m. and R 5 300.00 p.m. can be achieved if the property is upgraded to the specifications.

The unit is in a fairly good condition. The main door lock/handle is to be replaced; the basin is a bit loose and there is one missing window by the balcony. A detailed maintenance quotation will be supplied to the successful buyer.

Yes. According to the Body Corporate 4 people may stay in the unit.

Closest Amenities:

Name Type Suburb    Distance   
Police SAPS Emergency Services Hillbrow 0.92 km.
Berea Take Aways Shopping Berea 0.22 km.
Afro Komb College Education Berea 0.51 km.




Purchase with Bond (90%):

R 220 000.00 Bond at 10% =R 1 911.00 p.m.
Monthly Levy =R 1 454.60 p.m.
Rental Management fee (if applicable) =R 603.75 p.m.
Total R 3 969.35 p.m.

R 5 250.00 rental income – R 3 969.35 expenses = R 1 280.65 Cash flow positive.

Purchase with Cash:

Monthly Levy =R 1 454.60 p.m.
Rental Management fee (if applicable) =R 603.75 p.m.
Total R 2 058.35 p.m.

R 5 250.00 rental income – R 2 058.35 expenses = R 3 191.65 Cash flow positive.

Gross Yield:
 28.6% at R 5 250.00 rental income and R 220 000.00 cash offer.

Would you like to make an offer on this property?


Address: 26 O'Reilly Road, Berea
  • Country: South Africa
  • Province / State: Gauteng
  • City / Town: Johannesburg
  • Neighborhood: Berea
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  • Property ID 890
  • Property Type Sectional Title
  • Property status Sold
  • Bedrooms 1.5
  • Bathrooms 1
  • Size 82 Sqm
  • Label Invest
  • Number of flats in building: 84



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