Berea · Apartment For Sale
3 Bedroom Apartment For Sale in Berea
- R 270,000
- 3 bd
- 2 ba
- 103 m²
Situated in Hillbrow's Goldreich Street within Roseacres, this expansive first-floor apartment spans 103 m2 and boasts three bedrooms, a spacious living room, a balcony, a bathroom with a toilet, and an additional separate toilet. The building, home to 41 well-managed units, ensures reliable security.
Generating a monthly gross rental income of R 6000, there exists the potential to elevate it to R 6600, given the apartment's generous size. The monthly levies are attractively low at R 1490, contributing to a commendable return on investment. Currently, the unit is occupied by dependable tenants.
It's noteworthy that a special levy of R 1259.06 is currently in effect, covered by the Seller, and this levy is set to conclude after a 12-month period.
Considering the present rental income and selling price, the net yield stands at 20%. Should the rent be increased to R 6600, the net yield escalates to an impressive 22.7%.
Property Information & Features
- Property Type
- Apartment
- Listing Type
- For Sale
- Location
- Berea, Johannesburg
- Price
- R 270,000 · Get Pre-Qualified
- Price per m²
- R 2,621
- Floor Size
- 103 m²
- Erf Size
- 103 m²
- Bedrooms
- 3
- Bathrooms
- 2
- Security
- Yes
Map & Nearby
Price Trends · Berea, Johannesburg beta
Select filters to see average property values
The current average sales price for a studio in Berea on ImmoAfrica.net is R 113,333
The current average sales price for a 1 bedroom property in Berea on ImmoAfrica.net is R 214,375
The current average rental price for a 1 bedroom property in Berea on ImmoAfrica.net is R 4,000
The current average sales price for a 2 bedroom property in Berea on ImmoAfrica.net is R 373,333
The current average rental price for a 2 bedroom property in Berea on ImmoAfrica.net is R 7,800
The current average sales price for a 3 bedroom property in Berea on ImmoAfrica.net is R 445,000
The current average sales price for a 4 bedroom property in Berea on ImmoAfrica.net is R 980,000
Currently, there is not enough data to give you an estimated price. Please check back soon.
Currently, there is not enough data to give you an estimated price. Please check back soon.
Currently, there is not enough data to give you an estimated price. Please check back soon.
Currently, there is not enough data to give you an estimated price. Please check back soon.
Currently, there is not enough data to give you an estimated price. Please check back soon.
| Bedrooms | Buy | Rent |
|---|---|---|
| Studio | R 113,333 | |
| 1 Bed | R 214,375 | R 4,000 |
| 2 Bed | R 373,333 | R 7,800 |
| 3 Bed | R 445,000 | |
| 4 Bed | R 980,000 | |
| 5 Bed |
| Bedrooms | Buy | Rent |
|---|---|---|
| Studio | R 2,539 | |
| 1 Bed | R 3,105 | R 63 |
| 2 Bed | R 3,478 | R 68 |
| 3 Bed | R 4,176 | |
| 4 Bed | R 1,980 | |
| 5 Bed |
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