Villa D’Este Ref 931

931

Property ID

67 Sqm

Size

0.5

Bedrooms

1

Bathroom

Description

Villa D’Este is a well-known building 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. The building is insured, there is security and also working lifts. This is an opportunity not to be missed!

Number of flats in building: 65.

Size: 67 sqm.

Levy: R 1440.19 pm. Villa D’Este Body Corporate.

An original bachelor unit. The flat has a separate bathroom consisting of a bath, basin and toilet as well as a separate kitchen and build in cupboards. The unit is equipped with a g geyser and is neatly tiled. There is also an open balcony.

The current owner is getting R4 090.00 p.m. According to rental managers in the area a rental income of between R4 000.00 pm and R4 100.00 pm can be achieved, if the property is upgraded to their specifications.

The property is in a fairly good condition but requires some maintenance.  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      
SPAR Fontana Highpoint Shops Berea 0.45 km.
Afro Combs College Education Joubert Park 0.47 km.
Netcare Rand Hospital Emergency Services Joubert Park 0.66 km.

Calculation:

 

Purchase with Bond (90%):

 

R134 000.00 Bond at 7% =R 935.00 p.m.
Monthly Levy =R 1440.19 p.m.
Rental Management fee (if applicable) =R 470.34 p.m.
Total R 2845.53 p.m.


R 4 090.00 rental income – R 2845.53 expenses = R 1244.47 Cashflow positive.

Purchase with Cash:

 

Monthly Levy =R 1440.19 p.m.
Rental Management fee (if applicable) =R 470.34 p.m.
Total R 1910.53 p.m.                      


R 4 090.00 rental income – R1910.53 expenses = R 2179. 47 Cashflow positive.

 

Gross Yield: 36% at R 4 090.00 rental income and R 134 000.00 cash offer.

 

 

Would you like to make an offer on this property?

Address

Address: 15 Primrose Terrace, Berea
  • Country: South Africa
  • Province / State: Gauteng
  • City / Town: Johannesburg
  • Neighborhood: Berea
Open on Google Maps
  • Property ID 931
  • Property Type Sectional Title
  • Property status Sold
  • Bedrooms 0.5
  • Bathrooms 1
  • Size 67 Sqm
  • Number of flats in building: 65

Contact

Ian

Property Agent
reception@mamela.co.za
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