0.5 Bedroom Flat For Sale in Morningside

R487,000

Monthly Bond Repayment R5,193.51
Calculated over 20 years at 11.5% with no deposit.

Web Ref No WRL77393

AFFORDABLE INVESTMENT OPPORTUNITY

GPI -R5000*12= R60 000
Annual Expenses: (R1 462.37 + R494.00)*12 = R23 466.84
Net Annual Income : R60 000-R23 466.84+ R36 533.16

Investment Considerations

Tenant Stability: The current tenant is prepared to stay. providing immediate rental stability.
Location Advantage: Proximity to various amenities can make the property attractive to potential future tenants.
Affordability: Low pi=urchase price implied by the "affordable " tag suggests a potentially lower initial investment out lay.

Additional Factors:
Potential for Appreciation : Evaluate the Morningside property market trends to estimate potential future appreciation in value.
Maintenance and Upkeep: Factor in possible maintenance costs not covered in the levy .
Market Comparison: Compare with similar properties in the Morningside to ensure competitive pricing and rental rates.

This bachelor flat offers a nett income odf R3043.63 with an existing tenant providing rental income sability.The location and affordability are significant advantages. Conduct a detailed due diligence ,including property inspection and market analysis, to ensure it aligns with your investments goals.

Features

Bedrooms 0.5
Security Yes
Bathrooms 1
Floor Size 37m²
Land Size 995m²
Carports/Parkings 1
Monthly Rates R494.00
Monthly Levy R1,462.37