1.5 Bedroom Flat For Sale in Glenmore
R800,000
Monthly Bond Repayment R8,669.66
Calculated over 20 years at 11.75% with no deposit.
Web Ref No WRL75599
GREAT INCOME GENERATOR!
This investment opportunity seems to cater well to the student market, given its proximity to UKZN and the presence of popular food outlets below the complex. The 24-hour guard and biometric access add to the security appeal, and the active involvement of the Body Corporate could provide reassurance to potential investors.
The flat has a bathroom, separate toilet, kitchen and a lounge converted into an additional bedroom as well as an additional half bedroom. The main bedroom is big to accommodate more students. This maximizes the rental potential, making it suitable for 4 to 5 students. The flat is on the top floor, a corner unit making it very private.
Furthermore, the location's convenience, with easy access to Pavillion Shopping Mall and Queensmead Shopping Centre, as well as the presence of many schools in the area, adds to its attractiveness.
However, potential buyers should consider factors such as ongoing maintenance costs, property management, and potential fluctuations in the student rental market. Conducting thorough due diligence, including examining the rental demand and comparable properties in the area, would be prudent before making an investment decision.
The flat has a bathroom, separate toilet, kitchen and a lounge converted into an additional bedroom as well as an additional half bedroom. The main bedroom is big to accommodate more students. This maximizes the rental potential, making it suitable for 4 to 5 students. The flat is on the top floor, a corner unit making it very private.
Furthermore, the location's convenience, with easy access to Pavillion Shopping Mall and Queensmead Shopping Centre, as well as the presence of many schools in the area, adds to its attractiveness.
However, potential buyers should consider factors such as ongoing maintenance costs, property management, and potential fluctuations in the student rental market. Conducting thorough due diligence, including examining the rental demand and comparable properties in the area, would be prudent before making an investment decision.
Features
Bedrooms 1.5
Security Yes
Bathrooms 1
Floor Size 78m²
Land Size 2,786m²
Carports/Parkings 1
Monthly Rates R800.00
Monthly Levy R1,588.00
Security Yes
Bathrooms 1
Floor Size 78m²
Land Size 2,786m²
Carports/Parkings 1
Monthly Rates R800.00
Monthly Levy R1,588.00
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