Please note that you are using an outdated browser which is not compatible with some elements of the site. We strongly urge you to update to Edge for an optimal browsing experience.
R 265 000

1 Bedroom Apartment / Flat for Sale in Port Elizabeth Central

  • Bedrooms 1
  • Bathrooms 1
  • Floor Size 50 m²
Investment opportunity in port elizabeth central

This one bedroom flat also features a balcony room, which can be used as a study or another bedroom, Newly renovated bathroom, kitchen and lounge. The block features very good security and is on the main road. It is also ideal for students, since various campuses are nearby. St Georges hospital is also close by. The current rental is R4200 and the levies and rates are approximately R1800 per month, so there is a R2400 per month surplus, depending if finance is required or not. There are parking bays available from the complex, but at an additional cost. The current tenant has been in the unit for 2 years and is a regular payer and would love to continue staying in this flat.

If you are a first time buyer you could qualify for Between R38 911 and R169 265. If you qualify for ± R100 000 FLISP grant, then:

Purchase price R265 000 ...

This one bedroom flat also features a balcony room, which can be used as a study or another bedroom, Newly renovated bathroom, kitchen and lounge. The block features very good security and is on the main road. It is also ideal for students, since various campuses are nearby. St Georges hospital is also close by. The current rental is R4200 and the levies and rates are approximately R1800 per month, so there is a R2400 per month surplus, depending if finance is required or not. There are parking bays available from the complex, but at an additional cost. The current tenant has been in the unit for 2 years and is a regular payer and would love to continue staying in this flat.

If you are a first time buyer you could qualify for Between R38 911 and R169 265. If you qualify for ± R100 000 FLISP grant, then:

Purchase price R265 000 R165 000 (-R100 000 FLISP)

Bond repayment @ 11.5%) - R2710 per month R1688 per month (R165 000 bond)

Levies / Rates and taxes - R1800 per month R1800 per month

Total expense: - R4510 per month - R3488 per month

Rental: - R4200 per month + R4200 per month

Profit / loss: - (R310) per month + R712 per month

Bedrooms Bedrooms: 1
Bathrooms Bathrooms: 1
Study Study
No Pets Allowed No Pets Allowed
Listing number: P24-115541228, Image number: 1, Image
Listing number: P24-115541228, Image number: 2, Image
Listing number: P24-115541228, Image number: 3, Image
Listing number: P24-115541228, Image number: 4, Image
Listing number: P24-115541228, Image number: 5, Image
Listing number: P24-115541228, Image number: 6, Image
Listing number: P24-115541228, Image number: 7, Image
Listing number: P24-115541228, Image number: 8, Image
Listing number: P24-115541228, Image number: 9, Image
Property Overview
Listing Number
115541228
Type of Property
Apartment / Flat
Listing Date
06 February 2025
Erf Size
1 429 m²
Floor Size
50 m²
Price per m²
R 5 300
Pets Allowed
No
Floor Number
3
Bedroom
1
Bathrooms
1
Kitchens
1
Office
1
Reception Rooms
1
Loading Loading

Bond Calculator

R
R
%
years
Monthly Repayment:
Total Once-off Costs:
Min Gross Monthly Income:
*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.
Loading Loading

Contact Agent

(* Please enter phone number so the agent can contact you.)
By continuing I understand and agree with Property24’s
Terms & Conditions and Privacy Policy.

Contact Agent

(* Please enter phone number so the agent can contact you.)
By continuing I understand and agree with
Property24's Terms & Conditions and Privacy Policy.

Share

PrintPrint
Brochure
Loading