1-Bedroom Apartment for Sale | Madison Palm | R780,000
An Excellent Investment Opportunity in the Heart of Sandton
Priced at R780,000, this well-positioned 1-bedroom apartment in Madison Palm presents an attractive opportunity for property investors, first-time buyers and those looking to build long-term wealth through real estate.
Featuring a spacious private balcony deck, a single automated garage and access to lifestyle amenities, this apartment offers several desirable features that could appeal to both long-term tenants and short-term accommodation guests, subject to complex rules and applicable regulations.
The apartment features a tiled open-plan living area, a functional kitchen fitted with a Defy stove, and a bedroom with laminate flooring and built-in cupboards. The contemporary bathroom includes a modern shower, while the expansive balcony deck provides valuable outdoor living space for relaxing or entertaining.
For investors, the property's location is a key selling point. Situated directly opposite Sandton High School and within close proximity to Investec, The Marc shopping centre, Mushroom Park and Virgin Active Morningside, the apartment offers convenient access to employment hubs, retail amenities and recreational facilities. These features may make it attractive to professionals seeking accommodation close to Sandton's business district.
Property Features:
- 1 bedroom with built-in cupboards and laminate flooring
- 1 bathroom with a modern shower
- Open-plan kitchen and living area
- Kitchen fitted with a Defy stove
- Expansive private balcony deck
- Single automated garage
- Additional visitor's parking bay
- Separate storeroom
- Prepaid electricity and water
- Fibre-ready connectivity
Complex Features:
- 24-hour security with a dedicated guard and remote access
- Water backup system
- Swimming pool
- Squash court
- Communal clubhouse
- Landscaped communal gardens
Investment Potential:
Long-term rental opportunity: The apartment's proximity to Sandton's commercial hub, major employers and everyday amenities may appeal to working professionals seeking convenient accommodation. Long-term letting could provide recurring rental income, subject to achievable market rental rates, vacancy periods and operating expenses.
Short-term rental opportunity: The location and private outdoor entertainment space may appeal to business travellers and other short-stay guests. Subject to the complex's rules, municipal requirements and any applicable short-term letting restrictions, furnished accommodation could offer an alternative rental strategy.
At an asking price of R780,000, this property provides an opportunity to enter the Sandton property market at a relatively accessible price point, with the potential to generate rental income while building equity over time.
Location Highlights:
- Directly opposite Sandton High School
- Walking distance from Investec
- Approximately 1.2 km from The Marc shopping centre and Mushroom Park
- Approximately 1.8 km from Virgin Active Morningside
Whether you are a first-time investor, an established property owner expanding your portfolio, or a buyer looking for a conveniently located home, this apartment is worth considering.
Contact Maluleke Properties today to arrange a viewing and explore the investment potential of this property.
Maluleke Properties — Where Luxury Meets Legacy.