Villa D’Este Ref 864

864

Property ID

67 Sqm

Size

1

Bedroom

1

Bathroom

Description

Villa D’ Este is well located in Berea.

The block is walking distance from the Doornfontein campus of the Johannesburg University, and on the BRT bus routes in Smit and Wolmarans Street that links with the Gautrain station.

This is a well-managed building, with good security and working lifts.  Due to the good location, the block is in high demand with prospective tenants.

Number of flats in building: 65.

Size: 67 sqm.

Levy: R 841.18 Managed by City Accommodations (011) 720 5334.

One bedroom unit with a living area that has been subdivided into a second room. There is an open balcony, kitchen and a second living area.  There is a bathroom with a bath, basin and toilet. Neat unit with a working geyser.  The unit was repainted and is equipped with security gate. Overall the unit is in a good condition.

According to rental managers in the area, a rental income of between R4 000.00 pm and R 4 500.00 pm. can be achieved if the property is upgraded to their specifications. Mamela is currently managing a unit in this building for R4 500.00 pm.

The flat is in a generally good condition and is tenant ready. There is a geyser in the flat. A detailed maintenance quote 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 0.88 km.
Thembekile Primary School Education  Berea 0.34 km.
SPAR – Fontana Highpoint Shops  Berea 0.45 km.

Calculation:

Purchase with Bond (90%):

R 150 000.00 Bond at 10.25% =R 1 325.00 pm
Monthly Levy =R 841.18 pm
Rental Management fee (if applicable) =R 517.50 pm
Total R 2 683.68 pm

R 4 500.00 rental income – R 2 683.68 expenses = R 1 816.32 Cashflow positive.

Purchase with Cash:

Monthly Levy =R 841.18 pm
Rental Management fee (if applicable) =R 517.50 pm
Total R 1 358.68 pm

R 4 500.00 rental income – R 1 358.68 expenses = R 3 141.32 Cashflow positive.

Gross Yield: 36 % at R 4 500.00 rental income and R 150 000.00 cash offer.

 

Would you like to make an offer on this property?

Address

Address: 1 Fife Avenue, Berea
  • Country: South Africa
  • Province / State: Gauteng
  • City / Town: Johannesburg
  • Neighborhood: Berea
  • Postal code / ZIP: 2198
Open on Google Maps
  • Property ID 864
  • Property Type Sectional Title
  • Property status Sold
  • Rooms 1
  • Bedrooms 1
  • Bathrooms 1
  • Size 67 Sqm
  • Label Invest
  • Number of flats in building: 65

Contact

Ian

Property Agent
reception@mamela.co.za
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