R 295 000 | 3 bed property for sale in hillbrow

Property Description

Located within Clarendon Heights on Bruce Street, Hillbrow, this first-floor flat offers an appealing investment opportunity. Spread across 83 square meters, it features three bedrooms and an enclosed balcony, providing comfortable living space. The building's efficient management and strong security measures ensure residents' peace of mind. Currently rented at R6000 per month, with reasonable monthly levies at R1490, this property presents an attractive investment proposition. The tenants' consistent payment history and preference for long-term rentals enhance its appeal. With a net yield of 18.5% at the specified price, the property demonstrates its potential for rewarding returns. This high yield indicates the property's ability to generate significant income relative to its initial investment, making it an enticing option for investors seeking profitable ventures in the real estate market.


Property Details

Purchase Price R 295 000

Building Size83 m2

Price Per SQMR 3554 m2

Type of PropertyApartment

Monthly Levy1490

Last Updated29 Apr 2024

Rooms

Kitchen1

Bedrooms3

Bathrooms1

Reception Rooms

Lounges1

General Features

SecurityYes

Property Location

Similar Property in nearby suburbs

Agent

Michelle Smith

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