Hillbrow · Apartment For Sale
1 Bedroom Apartment For Sale in Hillbrow
- R 250,000
- 1 bd
- 1 ba
- 82 m²
Ark Royal is one of the sectional title blocks in Hillbrow with exceptional potential. A sound opportunity not to be missed.
This is a spacious 82m2 apartment that has an one bedroom, lounge(enclosed and can be used as a bedroom), small living area, bathroom(separated toilet) and an open balcony.
The unit is currently tenanted, and the rental income achieved is R 4 550.00. Rental amount of R4800.00 can easily be achieved if maintained properly.
Calculation:
Purchase with Bond (90%):
R 250 .00 Bond at 90 %
=R 2 438.00 pm.
Monthly Levy
=R 1 431.01 pm.
Rental Management fee (if applicable)
=R 552.00 pm.
Total
=R 4 421.01 pm.
R 4 800.00 rental income - R 4 421.01 expenses
=R 378.99 Cashflow positive.
Purchase with Cash:
Monthly Levy
=R 1 431.01 pm.
Rental Management fee (if applicable)
=R 552.00 pm.
Total
=R 1 983.01 pm.
R 4 800.00 rental income R 1 983.01 expenses
=R 2 816.99 Cashflow positive.
Gross Yield: 23% at R 4 800.00 rental income
Property Information & Features
- Property Type
- Apartment
- Listing Type
- For Sale
- Location
- Hillbrow, Johannesburg
- Price
- R 250,000 · Get Pre-Qualified
- Price per m²
- R 3,049
- Floor Size
- 82 m²
- Erf Size
- 82 m²
- Bedrooms
- 1
- Bathrooms
- 1
Map & Nearby
Price Trends · Hillbrow, Johannesburg beta
Select filters to see average property values
The current average sales price for a 3 bedroom property in Hillbrow on ImmoAfrica.net is R 423,096
The current average sales price for a 2 bedroom property in Hillbrow on ImmoAfrica.net is R 320,702
The current average sales price for a 1 bedroom property in Hillbrow on ImmoAfrica.net is R 195,333
The current average rental price for a 3 bedroom property in Hillbrow on ImmoAfrica.net is R 6,800
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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 | ||
1 Bed | R 195,333 | |
2 Bed | R 320,702 | |
3 Bed | R 423,096 | R 6,800 |
4 Bed | ||
5 Bed |
Bedrooms | Buy | Rent |
---|---|---|
Studio | ||
1 Bed | R 2,602 | |
2 Bed | R 3,214 | |
3 Bed | R 4,897 | R 67 |
4 Bed | ||
5 Bed |