Stamford Hall Ref 908

908

Property ID

86 Sqm

Size

1

Bedroom

1

Bathroom

Description

Stamford Hall is a well-known building located in Joubert Park. 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.

This is an opportunity not to be missed!

Number of flats in building: 63.

Size: 86 sqm.

Levy: R 935.00 pm. Energy Billing (076) 991 9887

Original one-bedroom unit with built-in cupboards. The flat has a bathroom consisting of a bath and basin with a separate toilet. There is a separate kitchen and an open balcony. The apartment is neatly tiled.

The current owner is receiving R2 000.00 p.m. as they are renting to family. According to rental managers in the area a rental income of between R3 800.00 pm and R4 000.00 pm can be achieved, if the property is upgraded to their specifications.

The unit is in a fairly good condition and requires some paint work and general touch-ups. A detailed maintenance quote will be supplied to the successful buyer. 

No. According to the Body Corporate, 4 people may reside in the unit. 

Closest Amenities:

 

Name Type Suburb Distance      
Fire Station Emergency Berea 0.32 km.
SPAR Shops Hillbrow 0.18 km.
Barnato Park High School Education Hillbrow 0.18 km.

Calculation:

 

Purchase with Bond (90%):

 

R170 000.00 Bond at 7% =R 1 186.00 p.m.
Monthly Levy =R 935.00 p.m.
Rental Management fee (if applicable) =R 460.00 p.m.
Total R 2 581.00 p.m.


R 4 000.00 rental income – R 2 581.00 expenses = R 1 419.00 Cashflow positive. 

 

Purchase with Cash:

 

Monthly Levy =R 935.00 p.m.
Rental Management fee (if applicable) =R 460.00 p.m.
Total R 1 360.00 p.m.                      


R 4 000.00 rental income – R 1 395.00 expenses = R 2 605.00 Cashflow positive.

Gross Yield: 28% at R 4 000.00 rental income and R 170 000.00 cash offer.

Would you like to make an offer on this property?

Address

Address: 30 Park Lane, Joubert Park
  • Country: South Africa
  • Province / State: Gauteng
  • City / Town: Johannesburg
  • Neighborhood: Joubert Park
Open on Google Maps
  • Property ID 908
  • Property Type Sectional Title
  • Property status Sold
  • Rooms 1
  • Bedrooms 1
  • Bathrooms 1
  • Size 86 Sqm
  • Number of flats in building: 63

Contact

Ian

Property Agent
reception@mamela.co.za
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