Reynard Hall Ref 996


Property ID

69 Sqm







Reynard Hall is one of the sectional title blocks in Hillbrow 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: 69 sqm.

Levy: R1 246.20 pm.

One bedroom unit with a big living area and a separated bathroom with a bath, basin and toilet.

The unit is occupied for R4410.00p/m   According to rental managers in the area the general rental income is between R 4000.00 pm and R 5000.00 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 Hillview Service Station Filling Station Hillbrow 0.34 km.
Highpoint Shopping Centre Shops Hillbrow 0.35 km.
Berea Primary School School Hillbrow 0.2 km.




Purchase with Bond (90%):


R220 000.00 Bond at 7% =R 1 565.00 p.m.
Monthly Levy =R 1 246.20 p.m.
Rental Management fee (if applicable) =R 507.15 p.m.
Total R 3 318.35 p.m.

R 4 410.00 rental income – R 3 318.35
expenses = R 1 091.65 Cashflow positive.

Purchase with Cash:


Monthly Levy =R 1 246.20
Rental Management Fee =R 507.15 p.m.
Total R 1 753.35 p.m

R 4 410.00 rental income – R 1 753.35 expenses = R 2 656.35 Cashflow positive.


Gross Yield: 24% at R 4 410.00 rental income and R 220 000.00 cash offer.


Would you like to make an offer on this property?


Address: 114 Banket Street, Hillbrow
  • Country: South Africa
  • Province / State: Gauteng
  • City / Town: Johannesburg
  • Neighborhood: Hillbrow
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  • Property ID 996
  • Property Type Sectional Title
  • Property status Sold
  • Rooms 2
  • Bedrooms 1
  • Bathrooms 1
  • Size 69 Sqm
  • Label R220 000.00



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