Glenwood · Apartment For Sale
6 Bedroom Apartment For Sale in Glenwood
- R 990,000
- 6 bd
- 91 m²
Passive Investor's Dream in Glenwood, Durban
Property Overview:
Situated in the heart of Glenwood, Durban, this investment property caters exclusively to the savvy investor who seeks passive income and long-term growth. The location, just a 7-minute walk to Glenwood Village Spar and pubs, ensures convenience and accessibility to public transport and day to day institutions.
Unit Configuration:
- Originally 2.5 bedrooms,
- - The property is currently partitioned into 6 individual rooms.
- Each tenant contributes between R2000 to R2500 per month,
-- Yielding a solid monthly income of R12,000 to R15,000.
Current Expenses:
- Lights and water(Prepaid meter installed): R1800
- Levies: R2000
- Rates: R1000
Cash Flow Analysis:
- After deducting expenses, the estimated monthly cash flow ranges from R8,200 to R11,200.
- This translates to an impressive annual return on investment and yield. A detailed breakdown can be provided upon request.
- Also the cashflow can easily be used to pay for a bond should the investor take one.
Investor Benefits:
- Ideal for a cash flow-focused investor seeking steady passive income.
Prime location near Schools, Universities, and Private Hospitals for long-term value appreciation.
- Flexibility to revert to the original 2.5-bedroom configuration as partitions are temporary.
Viewing Details:
Viewing is strictly by appointment to accommodate serious buyers. Reach out to Neville via call or WhatsApp for more details and to schedule a viewing.
This property offers a unique opportunity for investors to generate consistent cash flow while strategically positioning themselves in a thriving neighborhood with potential for future growth.
Property Information & Features
- Property Type
- Apartment
- Listing Type
- For Sale
- Location
- Glenwood, Durban
- Price
- R 990,000 · Get Pre-Qualified
- Price per m²
- R 10,879
- Floor Size
- 91 m²
- Erf Size
- 883 m²
- Bedrooms
- 6
- Garages
- 1
Map & Nearby
Price Trends · Glenwood, Durban beta
Select filters to see average property values
The current average sales price for a studio in Glenwood on ImmoAfrica.net is R 575,000
The current average rental price for a studio in Glenwood on ImmoAfrica.net is R 5,500
The current average sales price for a 2 bedroom property in Glenwood on ImmoAfrica.net is R 863,126
The current average rental price for a 2 bedroom property in Glenwood on ImmoAfrica.net is R 8,453
The current average sales price for a 3 bedroom property in Glenwood on ImmoAfrica.net is R 1,592,630
The current average rental price for a 3 bedroom property in Glenwood on ImmoAfrica.net is R 11,500
The current average sales price for a 4 bedroom property in Glenwood on ImmoAfrica.net is R 2,436,815
The current average rental price for a 4 bedroom property in Glenwood on ImmoAfrica.net is R 25,000
The current average sales price for a 1 bedroom property in Glenwood on ImmoAfrica.net is R 650,970
The current average rental price for a 1 bedroom property in Glenwood on ImmoAfrica.net is R 6,223
The current average sales price for a 5 bedroom property in Glenwood on ImmoAfrica.net is R 3,149,250
The current average rental price for a 5 bedroom property in Glenwood on ImmoAfrica.net is R 30,000
| Bedrooms | Buy | Rent |
|---|---|---|
| Studio | R 575,000 | R 5,500 |
| 1 Bed | R 650,970 | R 6,223 |
| 2 Bed | R 863,126 | R 8,453 |
| 3 Bed | R 1,592,630 | R 11,500 |
| 4 Bed | R 2,436,815 | R 25,000 |
| 5 Bed | R 3,149,250 | R 30,000 |
| Bedrooms | Buy | Rent |
|---|---|---|
| Studio | R 15,972 | R 153 |
| 1 Bed | R 7,474 | R 50 |
| 2 Bed | R 6,063 | R 45 |
| 3 Bed | R 4,692 | R 29 |
| 4 Bed | R 3,891 | R 92 |
| 5 Bed | R 4,414 | R 34 |
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