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R 750,000

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General Details
For Sale By:Agency
Dwelling Type:Apartment
Bedrooms (#):2
Bathrooms (#):2
Size (sqm):90
Parking:Garage
Description
Unlock the potential of this diamond in the rough.An affordable opportunity to create your dream space or a high-yield investment with just a little TLC!

Prime Investment Opportunity in Glenwood!

This beautifully maintained, well-managed sectional title unit is financially sound and situated in a highly central, sought-after location. The building comprises three floors, with five apartments per floor, offering a safe and community-focused lifestyle.

Unit Features:
2-Bedroom Flexibility: Currently configured as two separate units, each with a bedroom, kitchenette, and living area. Both units are tenanted by reliable individuals, providing a steady rental income.

Versatile Option: Ideal as a primary residence with an income-generating split or easily convertible back into a spacious two-bedroom apartment.

Exclusive Parking: Includes one parking bay with remote-controlled driveway access. Additional parking arrangements can be made with the building manager and trustees.

Dual Entrances: As the last unit on the second floor, the apartment boasts two separate entrances for added convenience.

Prime Location Benefits:
-Shopping Convenience: Walking distance to a nearby shopping mall and major banks.
-Easy Commute: Located on a major bus route for effortless travel.

Proximity to Top Schools & Universities:
-University of KwaZulu-Natal (UKZN)
-Durban University of Technology (DUT)
-Glenwood Boys High School
-Durban Girls High School
-Penzance Primary School and Glenwood Prep

Vibrant Lifestyle: Just one street away from Glenwood’s thriving restaurant scene and Davenport Centre.

This gem offers endless possibilities.To live in, invest, or renovate to unlock even greater potential! Don''t miss out on this rare opportunity.

Property Reference #: RL15607

Agent Details:
Jayshree Naidoo
Meridian Realty
Loft Office 6
The Woodmill Lifestyle Centre
Vredenburg Road
Devonvallei
Stellenbosch
7600

Id Subtitle 1310943083
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Estimated monthly repaymentR 8,128
Total property loan amountR 750,000
Total interestR 1,200,673
Total repaymentR 1,950,673
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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Meridian Realty
Selling for 8+ months
Total Ads1.08K
Active Ads1.08K
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