2 Bedroom Apartment For Sale in Maitland
R720,000
Monthly Bond Repayment R7,678.29
Calculated over 20 years at 11.5% with no deposit.
Web Ref No RL106609
Well Priced Investment or Small Family
Experts will always say that in the long term, property always works out as a good investment it makes no difference if you are a seasoned investor or simply a first time buyer as the basic facts remain the same. With that in mind, I present this very well priced property, currently rented out for R7300pm with lease in place until October 2023. Current net ROI (including rates and levies) is 7.3%
and if one includes a conservative capital growth of 3.5% this yields a staggering 10.8% and that in the first year only!
The apartment is very well situated and consists of an open plan kitchen/lounge which is plumbed for an under-counter washing machine, and comes with a defy free standing stove.
The open plan lounge, has plenty of space for a lounge suite and for a dining room table and chairs, the lounge has a television point set up for Dstv (this may change as the complex is now set up for fibre), the hardware being maintained by the body corporate. The Complex is "fibre ready" with a reasonably priced connection through Comtel. To make matters even easier for the landlord both water and electricity are prepaid.
The bathroom consists of a bath, toilet and basin. Finally there are two large bedrooms on the first floor with built in cupboards.
Other features are, a dedicated parking bay with plenty of visitors parking, solar assisted hot water cylinder, 24hr manned security with access by means of biometric scanning, also a number of well placed security cameras.
Mountain View Villas is situated close to schools, shopping centers and public transport (trains and buses). The city center is only 6km away, Century City and Pinelands and Milnerton beaches are practically 'on your door step'.
To take advantage of this one in a lifetime offer call or whatsapp Mario today!
and if one includes a conservative capital growth of 3.5% this yields a staggering 10.8% and that in the first year only!
The apartment is very well situated and consists of an open plan kitchen/lounge which is plumbed for an under-counter washing machine, and comes with a defy free standing stove.
The open plan lounge, has plenty of space for a lounge suite and for a dining room table and chairs, the lounge has a television point set up for Dstv (this may change as the complex is now set up for fibre), the hardware being maintained by the body corporate. The Complex is "fibre ready" with a reasonably priced connection through Comtel. To make matters even easier for the landlord both water and electricity are prepaid.
The bathroom consists of a bath, toilet and basin. Finally there are two large bedrooms on the first floor with built in cupboards.
Other features are, a dedicated parking bay with plenty of visitors parking, solar assisted hot water cylinder, 24hr manned security with access by means of biometric scanning, also a number of well placed security cameras.
Mountain View Villas is situated close to schools, shopping centers and public transport (trains and buses). The city center is only 6km away, Century City and Pinelands and Milnerton beaches are practically 'on your door step'.
To take advantage of this one in a lifetime offer call or whatsapp Mario today!
Features
Bedrooms 2
Security Yes
Bathrooms 1
Recep. Rooms 1
Floor Size 44m²
Land Size 44m²
Carports/Parkings 1
Monthly Rates R300.00
Monthly Levy R1,500.00
Security Yes
Bathrooms 1
Recep. Rooms 1
Floor Size 44m²
Land Size 44m²
Carports/Parkings 1
Monthly Rates R300.00
Monthly Levy R1,500.00
Agent Contact Details
Mario Serafin
Candidate Property Practitioner
Registered with PPRA
(FFC 202 273 296 4)
Cell 084 447 6855
Office (021) 9306518
WhatsApp Me
Candidate Property Practitioner
Registered with PPRA
(FFC 202 273 296 4)
Cell 084 447 6855
Office (021) 9306518
WhatsApp Me
Message the Agent
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