A smart first step into Property Ownership. Looking for an affordable opportunity to enter the property market This lovely sectional title unit, priced at R1.3 million, offers an attractive combination of secure living, investment potential and the opportunity to build your property portfolio.
With a potential gross rental income of approximately R12,500 per month, the property presents an appealing option for a first-time investor looking to generate rental income while building a long-term asset. At the indicative rental, this equates to a gross annual rental income of approximately R150,000 , or a gross rental yield of around 11.5 before expenses, vacancy periods and applicable levies and costs .
For a first-time buyer, the appeal goes beyond the potential numbers. A sectional title property within a secure complex can offer the convenience of managed communal areas, a sense of security and a lifestyle that is attractive to both owner-occupiers and tenants.
Whether you are looking to take your first step onto the property ladder , secure a home in a well-managed complex, or purchase a property with rental income potential, this unit is well worth considering.
At R1.3 million, this is an opportunity to acquire a tangible asset with the potential to provide rental income and long-term capital growth making it an exciting first property purchase and a potential foundation for a growing property portfolio.