Property Details
Unlock Immediate Returns with Long-Standing Tenants in Place!
Seize an unparalleled investment opportunity in the heart of Greenstone Hill with this meticulously maintained, spacious 102.7 m² first-floor apartment in the highly sought-after "The Isle" complex. Priced at a compelling R1,050,000 (owner is cashing out), this property is an investor's dream, offering a seamless transition to profitability with reliable, long-standing tenants already in residence.
The Ultimate Investor Advantage:
- Self-Funding Potential: With a current monthly rental income of R10,507.00, this apartment is strategically priced to allow a first-time investor to secure full bond funding, with the rental income comfortably covering the monthly bond repayment (based on current prime lending rates over a 20-year term). This means minimal out-of-pocket expenses for financing, making it a beautiful and accessible entry into the property market.
- Guaranteed Income Stream: Benefit from immediate cash flow and peace of mind with established, long-standing tenants. This eliminates the typical hassles and costs associated with tenant sourcing, ensuring your investment starts generating returns from day one.
- Exceptional Value: The municipal valuation of R1,089,000 further underscores the inherent value and growth potential.
Nestled within "The Isle," one of Greenstone Hill's smallest and most tranquil complexes with only 125 units, this apartment promises peace, quiet, and a secure lock-up-and-go lifestyle. It suits professionals or small families perfectly, ensuring consistent rental demand.
Apartment Features Designed for Modern Living:
- Spacious Layout: A generous 102.7 m² floor size provides ample living space.
- Two Generous Bedrooms: Both bedrooms feature built-in cupboards and stylish tiled flooring, with the main bedroom easily accommodating a king-size extra-length bed and boasting a private en-suite bathroom.
- Two Modern Bathrooms: The main en-suite offers convenience, while the second bathroom provides flexibility with both a shower and a bathtub.
- Open-Plan Living: The inviting open-plan lounge and dining area are perfect for entertaining, with plenty of space for a medium-sized dining table.
- Gourmet Kitchen: A contemporary kitchen comes fully equipped with a gas stove (oven and hob, including gas bottle), high-end appliances (fridge, washing machine, and tumble dryer), and elegant granite countertops with a dishwasher connection.
- Expansive Balcony: Step out onto your private 20.5 m² balcony, ideal for relaxation and outdoor enjoyment.
- Convenient Parking: Two covered carports are conveniently close to the unit, complemented by ample visitor parking.
- Seamless Connectivity: High-speed fibre is already installed, ensuring effortless internet access.
- Pet-Friendly: A valuable amenity for many tenants, this unit welcomes pets.
Unrivalled Complex Security & Amenities:
"The Isle" offers an exceptional living experience with top-tier security and beautifully maintained common grounds:
- 24/7 Security: Enjoy peace of mind with round-the-clock security patrols and a manned guardhouse.
- Controlled Access: Strict controlled access and perimeter fencing ensure a safe environment.
- Lifestyle Facilities: Residents benefit from a large entertainment area, perfect for social gatherings.
Location, Location, Location:
Greenstone Hill is a highly sought-after neighbourhood, and this apartment's prime location offers unbeatable accessibility:
- Shopping & Entertainment: Minutes from Greenstone Mall, Stoneridge Shopping Centre, and Green Valley Shopping Centre.
- Education & Healthcare: Proximity to top private and public schools, and Busamed Private Hospital.
- Transport Hub: Excellent access to major highways (N3, N12) and OR Tambo International Airport, ideal for commuters.
Financial Snapshot for Investors:
- Asking Price: R1,050,000
- Monthly Rental Income: R10,507.00
- Estimated Monthly Levies: R1,600
- Estimated Monthly Rates & Taxes: R817
This is more than just an apartment; it's a strategic investment designed for immediate returns and long-term growth in a thriving market. Don't miss out on this rare opportunity to acquire a self-funding asset in one of Greenstone Hill's most desirable complexes.
Contact us today to arrange a viewing and secure your next smart investment!