Ground Floor 2 Bedroom 1 Bathroom Secure Lockup & Go For Sale In Summerfields Estate!

R 765,000

Can I afford this?
1 month ago45 views
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General Details
For Sale By:Agency
Dwelling Type:Apartment
Bedrooms (#):2
Bathrooms (#):1
Size (sqm):70
Neat & Cosy ground floor 2 Bedroom 1 Bathroom apartment to let in Summer Mews Complex.

This apartment boasts a spacious open plan lounge flowing onto covered patio & garden with Dining & fully fitted kitchen offering ample built-in cupboards, oven & hob as well as space for appliances.

2 Spacious bedrooms offering built-in cupboards with 1 full common bathroom offering both a bathtub & shower.

1 Covered & 1 Open Parking.
Prepaid Electricity
Metered Water
Inverter system installed

Summerfields Estate offers:
Communal Pool
Tennis Court
Hiking Trail

Tenant in place for investors unit will be sold as investment R7000 rental income

Levies: R1800 (includes insurnace, sanatation, garbage disposal)

Rates and taxes: R417

Gross income: R7000
Expenes: R1800 ( Levy) + R417 (Rates) = R2217
Net annual Income: R57 396
ROI: 7,5%

Return on investment will increase each year with rental escalation and the property has massive potential for capital gains as its in a up and coming business area just of the N1 highway.
Just off N1 on samrand road directly across samrand business park

Close to blue valley mall, blue valley country club and conveniently located between pretoria and jhb.

Rates And Taxes: 417
Levies: 1800
Property Reference #: 208

Agent Details:
Yaseen Ismail
Top Spot Realty
Id Subtitle 1277244217
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Property Loan Calculator
Purchase price
Deposit amount
Interest rate
No. of years
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 *
* 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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