R 995 000

2 Bedroom Apartment / Flat for Sale in St Dumas

2
1
1
54 m²

NO TRANSFER DUTY

Prime Property Investment For Sale in suburban Kuils River

Introducing The Coniston, offering an unparalleled opportunity to invest in a 2 bedroom apartment for less than R1 000 000.

Boasting a rich history of transformation and growth, Kuils River has emerged as a sought-after destination for homeowners and investors alike. With easy access to major roads such as Langverwacht Road and the newly opened Saxdown by-pass road, you're ensured seamless connections to neighbouring areas and farms. Upcoming infrastructure developments promise even greater accessibility and investment potential.

Families will appreciate the top-tier educational offerings such as De Kuilen Primary and High School and Curro Private School, providing quality education close to home. Outdoor enthusiasts will find ample opportunities for recreation, from exploring mountain biking trails on the Bottelary Hills to enjoying a friendly game of squash...

Introducing The Coniston, offering an unparalleled opportunity to invest in a 2 bedroom apartment for less than R1 000 000.

Boasting a rich history of transformation and growth, Kuils River has emerged as a sought-after destination for homeowners and investors alike. With easy access to major roads such as Langverwacht Road and the newly opened Saxdown by-pass road, you're ensured seamless connections to neighbouring areas and farms. Upcoming infrastructure developments promise even greater accessibility and investment potential.

Families will appreciate the top-tier educational offerings such as De Kuilen Primary and High School and Curro Private School, providing quality education close to home. Outdoor enthusiasts will find ample opportunities for recreation, from exploring mountain biking trails on the Bottelary Hills to enjoying a friendly game of squash or bowls.

Property Features:

- All units priced at R995 000

- 2 Bedroom Apartments

- Floor size of 54m²

- Covered balcony/patio with built-in braai

- 1 Parking bay per unit + option to buy a second for R15 000

- All units are fibre ready

- Est. rental income of R8 500 per month

- Conveniently connected location

- All costs included - save over R60 000 in transfer and bond costs.

For the Investment-minded:

A conservative investment projection promises strong returns with a gross income yield starting at 10.25% in year 1, indicating healthy rental income relative to the property's value. After deducting operating expenses, the net yield starts at 7.28% in the first year, ensuring a solid return after costs. Furthermore, factoring in a projected 5% annual increase in property value, the total return on investment remains consistently appealing, ranging from 12.28% to 13.85% throughout an investment period of 5 years.

Additionally, by growing your property portfolio you'll have the opportunity to take advantage of the Section 13Sex Tax Incentive:

This program allows any taxpayer with ownership of 5 or more new residential rental units to claim up to 55% of the purchase price as a tax deduction, spread over 20 years.

Whether you're looking to grow your investment portfolio or seeking your dream home, The Coniston offers the perfect balance of affordability and lucrative potential.

Estimated completion is early 2025.

Request our detailed brochure for a comprehensive look into The Coniston.

Bedrooms: 2

Bathrooms: 1

Parking: 1

No Pets Allowed

Fibre Internet

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Listing number: P24-114324906, Image number: 2

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Property Overview

Listing Number

114324906

Type of Property

Apartment / Flat

Street Address

13 Maroela Road, St Dumas

Description

Double Storey, Ground Floor, Second floor and above

Listing Date

25 April 2024

Floor Size

54 m²

Price per m²

R 18 426

Levies

R 1 400

No Transfer Duty

Yes

Rates and Taxes

R 300

Pets Allowed

No

Rooms

Bedrooms

2

Bathrooms

1

External Features

Parking

1

Building

Number of floors

2

Other Features

Security

Electric Gate, Guard House, Guard

Special Feature

Totally Walled

Internet Access

Fibre

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.