Investment Opportunity in Houghton Village Complex!

R 765,000

Can I afford this?
13 days ago48 views
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General Details
For Sale By:Agency
Dwelling Type:Apartment
Bedrooms (#):1
Bathrooms (#):1
Size (sqm):62
Parking:Covered
Description
Welcome to this perfect investment opportunity in the sought-after Houghton Village Complex! 
This cozy 1 bedroom, 1 bathroom apartment offers an excellent chance to capitalize on the thriving rental market in the area. With a range of attractive features and a prime location, this property is sure to impress any investor.
Upon entering the apartment, you'll be greeted by a tiled unit that exudes a sense of warmth and comfort. The bedroom is surprisingly spacious, boasting 2 double beds and ample cupboard space. Currently, it is cleverly utilized to accommodate 2 rental students, generating an impressive rental income of R8,500 per month. Imagine the potential for steady cash flow!
The unit also features an open-plan kitchen and lounge area, providing a versatile and inviting space for residents. Whether you're a working professional or a student, this setup offers the perfect blend of functionality and comfort. The fitted cupboards in the kitchen provide ample storage, and there is space available for your appliances.
The Houghton Village Complex itself offers a range of amenities that enhance the living experience for residents and tenants. Take a refreshing dip in the pool on those hot summer days, unwind in the lovely gardens, or make use of the clubhouse for social gatherings. It's the perfect balance of convenience and relaxation right at your doorstep.
Location is everything, and this apartment doesn't disappoint in that regard. Situated in close proximity to prestigious institutions such as Wits Medical School and Wits Education campus, it presents an ideal housing option for students or professionals working in the medical field. 
Additionally, with nearby attractions like Charlotte Maxeke Hospital, KPMG, Isle of Houghton, Braamfontein Constitutional Hill, Killarney, and Rosebank, residents will have easy access to a range of amenities, entertainment venues, and transportation links.
The apartment comes with the added convenience of pre-paid electricity, ensuring hassle-free management for both you and your tenants. Furthermore, the complex's no-pets policy provides peace of mind for those concerned about potential damages or disturbances.
Don't miss out on this outstanding investment opportunity! Whether you're an experienced investor or looking to enter the rental market, this property offers tremendous potential for long-term growth and profitability. Call now to arrange a viewing and secure your future in Houghton Village Complex!

Has Pool
Property Reference #: 7002001-32452

Agent Details:
Gabriel Masilo
EXP Realty
South Africa
13 Nankies Nook
Eldoraigne , Eldo Park Estate ,
157
Id Subtitle 1274220930
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Estimated monthly repaymentR 8,291
Total property loan amountR 765,000
Total interestR 1,224,687
Total repaymentR 1,989,687
Interest rate at 11.75% for 20 years *
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EXP Realty
Selling for 2+ years
Total Ads7.26K
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