Amazing value for money – R 6 190/m² !
- 2 Bed, 2 Bath, Duplex Garden unit, Patio, Lock up garage
- Size : 105 m²
- Price : R 650 000
- Rental : R 6 500
- Levy : R 1 066 pm
- Rates : R 174
- Price/m² : R 6 190 /m²
- Suburb Ave : R 752 000
- This property will be sold very quickly!
Compare this deal’s price/m² to new developments in the area contained in this brochure below. The brochure advertises a new townhouse development for completion early 2014. Most of these units are bought by investors – at these crazy prices of around R 12 000/m² !
Adjacent to Telford, a new development is being sold for R12000/m²
HOT DEAL FACTORS
We have selected this property as a hot deal for the following reasons;
- Capital Growth – Good suburb, ground floor garden units are always in demand
- Investor – Entry level/secondary level investor
- Price – Low price compared to suburb average
- Price – Low price compared to complex average
- Return – High return on investment
- Tenants – Good demand
- Finishes – The units have been beautifully finished will fully tiled bathrooms and great kitchen installations
- Body Corporate – New BC agents, doing well, good security
- Location – The complex is very well located in the “investor zone” and especially well located to attract tenants :
- Bus transport
- Shopping centers (situated on Wtkoppen Rd across from PnP shopping ctre and Deco Park)
- Schools and crèches
- Access to work nodes of Fourways, Randburg, Sandton
Notes: A unique window of opportunity has opened at this complex. Telford Court has,in recent years had serious problems with its BC managers. This resulted in legal action, mis-appropriated funds and delayed refurbishment. All these contributed to poor condition of the buildings and very low sales prices over the last three years. This has since been resolved, new Body Corporate mangers were appointed in 2012, the complex has been entirely repainted and waterproofed.
It is all set for GROWTH !
In addition, the prices haven’t climbed drastically yet as local agents value properties on the recent sales prices, which sets Telford Ct up for massive capital growth over the near future.
Adjacent to Telford Ct a new development is currently selling for R 12 000 /m² !
This complex is North Riding’s best kept secret.
Overview of the complex
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This spreadsheet provides an indicative cashflow for this unit, assuming a 10% deposit, a 25 year bond at prime interest rate. The unit is vacant, but tenants abound. Targer Realty are very active in the complex and tenanting prior to transfer poses no problem.
To make an offer on this prime investment property contact
Neil Vorster – Targer Realty