1 Bed Investment in Greenbay, Gordon’s Bay, Under R960k
A 43 m² 1-bedroom apartment in Greenbay, a gated estate in Gordon’s Bay, with its own parking bay. Priced at R959,999, with an expected rent of around R8,500 a month.
For investors:
Expected rent of about R8,500 per month, based on similar units currently on the rental market
Estimated gross yield of about 10.6% at the asking price
Fixed monthly costs of R1,320 (levies R990, rates R330)
Owner-occupied and vacant on transfer: no tenant to inherit, so you choose your own
Under R1 million
The unit:
43 m², [ground / first / top] floor
1 bedroom [with built-in cupboards]
1 bathroom [shower / bath]
Open-plan kitchen and living area [opening onto a balcony / patio]
1 parking bay
The estate
Greenbay is a sectional title estate with controlled access.
Who it suits:
Investors looking for a rental unit under R1 million, first-time buyers ready to stop renting, and anyone who wants a low-maintenance place near the coast.
Monthly costs
Levies R990. Rates R330. Total R1,320 a month.
Viewings by appointment.
For investors:
Expected rent of about R8,500 per month, based on similar units currently on the rental market
Estimated gross yield of about 10.6% at the asking price
Fixed monthly costs of R1,320 (levies R990, rates R330)
Owner-occupied and vacant on transfer: no tenant to inherit, so you choose your own
Under R1 million
The unit:
43 m², [ground / first / top] floor
1 bedroom [with built-in cupboards]
1 bathroom [shower / bath]
Open-plan kitchen and living area [opening onto a balcony / patio]
1 parking bay
The estate
Greenbay is a sectional title estate with controlled access.
Who it suits:
Investors looking for a rental unit under R1 million, first-time buyers ready to stop renting, and anyone who wants a low-maintenance place near the coast.
Monthly costs
Levies R990. Rates R330. Total R1,320 a month.
Viewings by appointment.
Monthly Levy
R990
Monthly Rates
R330
Total
R1,320
Features
Interior
Exterior
Sizes
Listing Info
Finance
Total Amount Repayable
R0,00
Monthly Repayment
R0,00
Calculators:
Disclaimer
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