Summerfields Estate, Centurion, Gauteng ID 606383
Apartment/Flat
1.0
2
56m2
10000m2
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 Inverter system installed 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, R7000 rental income Levies: R1600 (includes insurnace, sanatation, garbage disposal) Rates and taxes: R417 Gross income: R7000 Expenes: R1600 ( Levy) + R400 (Rates) = R2000 Net: R5000 Net annual Income: R60 000 ROI: 8% return on investment Plus selling value 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.
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