Investment - Commune with a rental income !!

R 1,599,000

Can I afford this?
3 months ago82 views
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General Details
For Sale By:Agency
Dwelling Type:House
Bedrooms (#):6+
Bathrooms (#):2
Size (sqm):736
Parking:Secure Parking
Description
This spacious property generates a substantial rental income of around R25,000 per month, and it comes with existing lease agreements.

The main living area is generously sized, serving as a combined lounge and dining room, which can easily be converted into additional bedrooms if needed. There's also a closed-off patio for added space.

The property boasts two bathrooms with full built-in cupboards and tiles, and the large kitchen is designed to cater to the needs of all tenants, complete with a hob unit and under-counter space.

Both electricity and water are prepaid for convenience. Additionally, there's a sizable flat with its own full bathroom and a separate prepaid electricity meter—a perfect setup for those who prefer independent living.

Security is a top priority, and the property is well-protected. Residents can enjoy a refreshing swim in the pool, and there are five carports available.

An external room adds to the rental income opportunities. The property is fully enclosed with a automated gate for added security.

Conveniently located within walking distance to schools, the Gautrain station, and shopping centers, this property is also close to a university. Loftus, a popular venue, is right at your doorstep.

Property Reference #: 1234956

Agent Details:
Vanessa Steyn
Rawson Properties Faerie Glen / Waterkloof
Cnr Atterbury road and Manitoba street, Faerieglen, Shop LL04 Atterbury Boulevard, Pretoria, Faeri
Olympus and Solomon Mahlangu Drive
Faerie Glen, Gauteng

Id Subtitle 1258151246
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Estimated monthly repaymentR 17,329
Total property loan amountR 1,599,000
Total interestR 2,559,835
Total repaymentR 4,158,835
Interest rate at 11.75% for 20 years *
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Rawson Properties Faerie Glen / Waterkloof
Selling for 3+ years
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