1 Bedroom apartment for sale in Queen Anne.

R158,000
Property Details

Queen Anne is one of the sectional title blocks in Hillbrow with exceptional potential. A sound opportunity not to be missed.

This is a spacious 51m2 apartment that has an one bedroom, lounge, bathroom(separated toilet) and an open balcony.

The unit is currently tenanted, and the rental income achieved is R 3 350.00. Rental amount of R4200.00 can easily be achieved if maintained properly.

Calculation:

Purchase with Bond (90%):

R 161 750 Bond at 90 %

=R 1 578.00 pm.

Monthly Levy

=R 756.80 pm.

Rental Management fee (if applicable) =R 385.25 pm.

Total

=R 2 720.05 pm.

R 4 200.00 rental income - R 2 720.05 expenses

=R 1 479.95 Cashflow positive

Purchase with Cash:

Monthly Levy

=R 756.80 pm.

Rental Management fee (if applicable) =R 385.25 pm.

Total

=R 1 142.05 pm.

R 4 200.00 rental income – R 1 142.05 expenses

=R 3 057.95 Cashflow positive.

Gross Yield: 31% at R 4 200.00 rental income

Property Features
Property Type
Apartment
Bedrooms
1
Bathrooms
1
Floor Size
51m²
Living Area
1
Costs and Terms
Levy
±R756.8
Location
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