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Spacious 4-Bedroom Apartment Ideal for Student Accommodation Investment
R 560,000
Can I afford this?9 Photo(s)
10 months ago239 views
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General Details
Location:
For Sale By:Agency
Dwelling Type:Apartment
Bedrooms (#):4
Bathrooms (#):1
Size (sqm):117
Parking:None
Description
Welcome to this spacious 4-bedroom apartment, located on the 4th floor of a well-situated building. This property presents a unique investment opportunity, particularly for student accommodation, with a potential rental income of approximately R10,000 per month.
Features:
Generous Living Space: The apartment offers ample room for relaxation and socializing in its spacious living area, creating a comfortable environment for residents.
Four Well-Sized Bedrooms: With four bedrooms, this apartment is well-suited for accommodating multiple tenants, making it an ideal choice for student housing or shared living arrangements.
Functional Kitchen: The apartment features a kitchen equipped with essential appliances, providing convenience for cooking and meal preparation.
Bathroom and Separate Shower: The presence of both a bathroom and a separate shower adds flexibility and convenience for the occupants.
Bonus Sunroom: A sunroom has been converted into an additional room, providing extra living space or a potential study area.
Important Considerations:
Potential Investment: This apartment presents an attractive opportunity for investors interested in student accommodation. Its proximity to educational institutions makes it a compelling choice for rental income generation.
Unique Character: The surrounding area offers an urban atmosphere with a distinct charm and local flavor. It is important for potential residents to appreciate the cultural diversity and vibrant community that this neighborhood provides.
Tenant Safety: We prioritize the well-being of our residents and encourage them to take necessary precautions to ensure their personal safety. Being aware of their surroundings and adhering to recommended safety practices is advised.
Maintenance Responsibility: As with any property investment, periodic maintenance and renovations can enhance its appeal and rental value. Taking care of the apartment and its surroundings is crucial for creating a comfortable living environment.
We are committed to providing accurate and transparent information. If you have any further questions or would like to schedule a viewing, please don't hesitate to contact us.
Property Reference #: RNR8721
Agent Details:
Floyd Maloba
RealNet Properties
Boardwalk Office Park, Eros Street, Faerie Glen
Block 12, Ground Floor
Features:
Generous Living Space: The apartment offers ample room for relaxation and socializing in its spacious living area, creating a comfortable environment for residents.
Four Well-Sized Bedrooms: With four bedrooms, this apartment is well-suited for accommodating multiple tenants, making it an ideal choice for student housing or shared living arrangements.
Functional Kitchen: The apartment features a kitchen equipped with essential appliances, providing convenience for cooking and meal preparation.
Bathroom and Separate Shower: The presence of both a bathroom and a separate shower adds flexibility and convenience for the occupants.
Bonus Sunroom: A sunroom has been converted into an additional room, providing extra living space or a potential study area.
Important Considerations:
Potential Investment: This apartment presents an attractive opportunity for investors interested in student accommodation. Its proximity to educational institutions makes it a compelling choice for rental income generation.
Unique Character: The surrounding area offers an urban atmosphere with a distinct charm and local flavor. It is important for potential residents to appreciate the cultural diversity and vibrant community that this neighborhood provides.
Tenant Safety: We prioritize the well-being of our residents and encourage them to take necessary precautions to ensure their personal safety. Being aware of their surroundings and adhering to recommended safety practices is advised.
Maintenance Responsibility: As with any property investment, periodic maintenance and renovations can enhance its appeal and rental value. Taking care of the apartment and its surroundings is crucial for creating a comfortable living environment.
We are committed to providing accurate and transparent information. If you have any further questions or would like to schedule a viewing, please don't hesitate to contact us.
Property Reference #: RNR8721
Agent Details:
Floyd Maloba
RealNet Properties
Boardwalk Office Park, Eros Street, Faerie Glen
Block 12, Ground Floor
Id Subtitle 1217439586
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Estimated monthly repaymentR 6,069
Total property loan amountR 560,000
Total interestR 896,503
Total repaymentR 1,456,503
Interest rate at 11.75% for 20 years *
* The interest rate is by default set to the prime lending rate. Banking institutions may choose to lend to individuals at a rate above or below this prime rate.
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RealNet Properties
Selling for 3+ years
Total Ads1.25K
Active Ads1.25K
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