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Monthly bond repayment, only R 3,406 (or less) plus levy of R1500 - an absolute bargain!
A spacious and well maintained unit at an absolute steal. Ideal for a young family with young children, many schools in walking distance. For the parents it is very central with a Reya Vya station around the corner equals reduced transport costs to Braamfontein & CBD. Close to the Killarney onramp to M1 to get to Sandton.
The bedrooms are spacious enough for a desk and the normal bedroom furniture.
The building is very well managed and safe, only 18 units prevents overcrowding and strangers wondering around. Secure entrance to the building and electric fencing around the building.
The rental on a property like this is normally R4600 per month, buying it will cost you approximately R 3,406 (or less depending on your credit score) at current interest rates plus levy of R1500. This leaves you R306 out of pocket in year 1 and perhaps year 2, thereafter you will have your first cash positive investment. Could be the first building brick of a very lucrative property portfolio.
Interest rates are predicted to fall by at least 2% in the next 2 years which means the cost will come down while everything is increasing.
Johannesburg, also known as 'Jozi', 'Joburg' and 'The City of Gold', is classified as a megacity, due to it being the largest in South Africa. This bustling metropolis offers residents a vibrant and diverse community within beautiful surroundings. Johannesburg has various property types available including apartments, townhouses and freestanding homes, making it an ideal place to live for anyone of all...
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Disclaimer: While every representation will be made by Lew Geffen Sotheby's International Realty to ensure that the information contained within the website is accurate and up to date, makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.
Please note: Most banks charge an administration and initiation fee. Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.
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