Stop what you are doing and grab this fabulous investment opportunity with this home. Offering three properties for the price of one in a very sought after area.
The home is situated on the border of Malvern and Hillary and boasts level land of 610 sqm. The area is mostly known for its quiet nature and friendly neighborhood. This will ideally suit the new family with children and being on the doorstep of good schools and daycare centers.
The main house has three spacious bedrooms with wall to wall built in cupboards. There is a common bath and toilet. The lounge and dining is open plan and extremely neat and cozy. The kitchen is fully fitted with built in cupboards and leads onto an undercover courtyard that is ideal for entertaining as well as a washing area.
The second property has two bedrooms and one bath. It has a fully fitted kitchen and a spacious lounge area. This can yield a monthly rental of R 6000.00 per month.
The third property is a neat one bedroom unit with a spacious kitchenette. It also has a lounge with a toilet and shower. This unit can easily be rented out for around R 4500.00 per month.
If the avid investor has to rent out all three units then this will ideally bring in over R20 000.00 rental and be able to easily subsidize the bond or alternatively rent out the two flats and still pay towards the bond.
There is ample parking and the property is completely fenced and gated for added security. This property should surely be on your viewing list.
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Disclaimer: While every effort will be made to ensure that the information contained within the Chas Everitt International Property Group website is accurate and up to date, Chas Everitt International Property Group makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.
Please note: Most banks charge an administration and initiation fee. Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.
