R3,495,000
R3,495,000
Monthly Bond Repayment R37,271.72
Calculated over 20 years at 11.5% with no deposit.
Change Assumptions
Monthly Rates
R1,250
R1,250
Essential investment opportunity in Observatory
Exclusive Mandate | Offers form: R3 495 000 - ROI = ± 14.93% - 15.93%!
Whether looking to create the ideal home or for a high rental return, this is one not to be missed.
This spacious & bright home situated in Observatory is the next great investment opportunity. Whether purchasing for investment or as your primary residence, there is ample scope to add your own touch and make this a spectacular home or a hugely profitable rental property.
With its convenient location seconds away from UCT Medical Campus & Groote Schuur Hospital and being in a secure & quiet cul-de-sac, the home provides the perfect investment opportunity for students and young professionals. As an investment, the property enjoys the benefit of having a history of phenomenal rental income and on average historically achieves ROI = ± 14.93 - 15.93% per annum, broken down as follows:
± R34 000 rental monthly
± R1 250 expenses (rates, taxes, water)
± 10.93% rental yield
± 4 - 5% annual capital growth
This equates to R393 800 made per year (after expenses) on the rental and R140 000 - R180 000 made on the actual growth for total ROI figures - just short of R580 000 per year!
One stands the chance of making over R270 000 a year even after paying off your bond (calculated at 90% bond over 20 years @ prime - 7.25%).
The property is separated into 3 different sections:
1. Main house (3-bed, 1-bath with lounge, kitchen and access to the enormous garden with mountain views)
2. Studio (studio unit with a fireplace, self-contained kitchen and full bathroom)
3. Flatlet (2-bed, 2-bath - 1 en-suite - separate entrance flatlet with a large courtyard/garden with tremendous mountain views)
The property also has the unique benefit of a garage as well as an additional off-street parking.
The house itself is ideally situated being in close proximity to Observatory’s trendy eateries and bars in the main road as well as having quick access into Cape Town (10 minute uber) or towards the Southern Suburbs.
Also in close proximity (walking distance):
- CPUT Campus
- Cape Town Science Centre
- ST Peter's Square with a Pick'n'pay, Spur, a pharmacy and many more retail stores
- KFC
- McDonalds
- Steers
Rates & Taxes: ± R 1300
Features
Pets Allowed
Yes
Interior
Bedrooms
6
Bathrooms
5
Kitchens
3
Reception Rooms
1
Exterior
Garages
1
Carports / Parkings
1
Security
Yes
Observatory, Cape Town
Observatory is one of Cape Town's most Victorian-esque suburbs owing to its alternate, artistic and vintage feel to it all wrapped into one. The colourful homes, narrow streets and close proximity to cafes, restaurants and bars, make it a popular place to relocate.
Observatory is also one of Cape Town's most appealing suburbs for young families and students who are studying at the University of Cape Town,...
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Disclaimer: While every effort will be made to ensure that the information contained within the Quay 1 International Realty website is accurate and up to date, Quay 1 International Realty makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.