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R 250 000

1 Bedroom Apartment / Flat for Sale in Hillbrow

Hillbrow, Johannesburg

Contact agent for street address

1
1
82 m²

Contact Agent

Ian Bouwer

Show Contact Number

One Bedroom apartment for sale in Ark Royal.

Ark Royal is one of the sectional title blocks in Hillbrow with exceptional potential. A sound opportunity not to be missed.

This is a spacious 82m2 apartment that has an one bedroom, lounge(enclosed and can be used as a bedroom), small living area, bathroom(separated toilet) and an open balcony.

The unit is currently tenanted, and the rental income achieved is R 4 550.00. Rental amount of R4800.00 can easily be achieved if maintained properly.

Calculation:

Purchase with Bond (90%):

R 250 000.00 Bond at 90 %

=R 2 438.00 pm.

Monthly Levy

=R 1 431.01 pm.

Rental Management fee (if applicable)

=R 552.00 pm.

Total

=R 4 421.01 pm.

R 4 800.00 rental income - R 4 421.01 expenses

=R 378.99 Cashflow positive.

Purchase with Cash:

Monthly Levy

=R 1 431.01 pm.

Rental Management fee (if applicable)

=R 552.00...

Bedrooms: 1

Bathrooms: 1

Listing number: P24-114327501, Image number: 1

Listing number: P24-114327501, Image number: 2

Listing number: P24-114327501, Image number: 3

Listing number: P24-114327501, Image number: 4

Listing number: P24-114327501, Image number: 5

Listing number: P24-114327501, Image number: 6

Listing number: P24-114327501, Image number: 7

Listing number: P24-114327501, Image number: 8

Listing number: P24-114327501, Image number: 9

Property Overview

Listing Number

114327501

Type of Property

Apartment / Flat

Listing Date

26 April 2024

Floor Size

82 m²

Price per m²

R 3 049

Levies

R 1 431

Rooms

Bedroom

Bathrooms

Reception Rooms

Points of Interest

Bond Calculator

*Disclaimer: Please note that by default this calculator uses the prime interest rate for bond payment calculations. This is purely for convenience and not an indication of the interest rate that might be offered to you by a bank. This calculator is intended to provide estimates based on the indicated amounts, rates and fees. Whilst we make every effort to ensure the accuracy of these calculations, we cannot be held liable for inaccuracies. Property24 does not accept liability for any damages arising from the use of this calculator.