Fabulous freehold in Fourleaf Estate!

R 850,000

Can I afford this?
9 months ago1604 views
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General Details
For Sale By:Agency
Dwelling Type:Apartment
Bedrooms (#):3
Bathrooms (#):2
Size (sqm):65
Parking:Covered
Description
If you're looking for a great investment, starting out / scaling down - look no further! This modern 3-bedroom 2-bathroom tenanted unit within a secure estate which is currently able to yield a monthly rental return of approximately R 7400.

Rates, taxes and levies together only add up to just over R1400 p/m. (approximately R700 each)

The property is tiled throughout, and features built in electric stove and oven, granite tops, built in cupboards, bathroom with shower over bath, en-suite with full shower, built in braai, built carport, paved driveway, enclosed back garden.

Security at the estate includes electric fencing around the estate, 24-hour security and surveillance cameras in each corner of each park. There are also recreational areas for children to keep themselves entertained in a safe environment.

Fourleaf Estate is a freehold cluster which means that there is a home owners association in place but no sectional title applicable. The levy includes the upkeep of the estate, security, as well as your refuse removal and lawn cutting monthly. It is also pet friendly for a maximum of 2 medium size dogs. Regrettably no cats allowed.

Each property has its own separate water meter and a prepaid electrical meter.

The area Parsonsvlei is booming with development and close to the popular Baywest mall, Curro Westbrook, Kabega and Rowallan Park primary schools.

Property Reference #: RL1783

Agent Details:
Janine Keyser
IGrow Wealth Investments (PTY) Ltd
99 Jip de Jager Drive
Welgemoed
The Vineyards Office Estate

Id Subtitle 1224758700
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Website: http://igrow.co.za
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Estimated monthly repaymentR 9,212
Total property loan amountR 850,000
Total interestR 1,360,763
Total repaymentR 2,210,763
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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IGrow Wealth Investments (PTY) Ltd
Selling for 6+ years
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