Versatile Top-Floor Apartment in Umbilo with Investment Appeal
Tucked away on the fourth floor of Mount Royal, this 1.5-bedroom apartment offers a peaceful urban retreat with sweeping inland views and minimal street noiseperfect for buyers seeking a quiet yet central location or investors looking to expand their portfolio.
Positioned just off Umbilo Road near Alan Paton Road, this home features a flexible layout with spacious rooms and a sunlit enclosed balcony thats ideal as a home office or secondary sleeping area. A secure steel gate welcomes you into the unit, and the absence of foot traffic outside your door adds a layer of privacy often missing in apartment living.
The apartment is currently tenanted in a shared-living configuration, with both occupants enjoying common access to the bathroom and kitchen. For investors, this setup delivers a monthly gross rental between R5,000R6,000. Alternatively, vacant transfer can be arranged should you wish to occupy the space yourself.
While the kitchen may benefit from an upgrade, the apartment is competitively priced and offers potential for excellent returnsestimated at over 11 gross yield after levies and rates. A renovation budget of approximately R50,000 would be advisable to maximize long-term occupancy and reduce maintenance costs, which would still secure a projected 10 net return.
One open parking bay is available for the unit at a nominal monthly fee through the Body Corporate. Security presence from 6 p.m. to 6 a.m. daily ensures added peace of mind.
Residents also enjoy a communal courtyard with green space and seatingideal for a breath of fresh air or casual gatherings.
Utilities are efficiently managed via a prepaid electricity meter and metered water charges added to monthly levies. Located less than 3 km from Durbans CBD, with easy access to transport routes, this apartment is a smart buy in a growing area.
Please note: This property is part of a deceased estate and transfer will be subject to Masters Office approval. Heirs have given preliminary consent.
G GAVIN PROPERTIES PTY LTD trading as REMAX Panache North Durban operates in terms of a franchise agreement with REMAX of Southern Africa.