R 745 000 | 2 bed property for sale in summerfields estate

Neat & Cosy ground floor 2 Bedroom 1 Bathroom apartment for sale in Summer Mews Complex within Summerfields Estate. This apartment boasts a spacious open plan lounge flowing onto covered patio & garden with Dining & fully fitted kitchen offering ample built-in cupboards, oven & hob as well as space for appliances. 2 Spacious bedrooms offering built-in cupboards with 1 full common bathroom offering both a bathtub & shower. 1 Covered & 1 Open Parking. Prepaid Electricity Metered Water Summerfields Estate offers: Clubhouse Communal Pool Tennis Court Hiking Trail 1st time buyer starter apartment or for the property investors Tenant in place for investors, R7420 rental income Levies: R1600 (includes Insurance) Rates and taxes: R400 Gross income: R7420 Expenes: R1600 ( Levy) R400 (Rates) = R2000 Net: R5420 Net annual Income: R65 040 ROI: 8,97% return on investment Plus value / capital appreciation in the near future to go up in price. Return on investment will increase each year with rental escalation and the property has massive potential for appreciation as its in a up and coming business area just of the N1 highway, the area over the years has consistently increased in value. Just off N1 on samrand road directly across samrand business park Close to blue valley mall, blue valley country club and conveniently located between pretoria and jhb.