Full Description

TWO BEDROOM HOUSE FOR ONLY R475900

SECURITY ESTATE

BOND SUBSIDY OF R1500 PM FOR 12 MONTHS

DEPOSIT OF ONLY R5000

NO TRANSFER OR BOND REGISRATION COSTS

We have negotiated an exclusive deal with a developer for only our investors. In the current market conditions it is an opportunity not to be missed as it offers a very sound investment in the affordable housing market which is in high demand.

KEY FEATURES

• Plot and plan two bedroom houses are offered for R475900 in Kuilsriver, Cape Town
• The whole estate is secured by a perimeter wall and 24 hour security
• All the plot sizes are about 250 to 280 sq meters
• The houses are 80 sq meters including a secure carport with a garage door
• These houses are very competively priced at R5 950 per sq meter. All other developments providing similar units are priced from R7 500 a sq meter and higher
• An overview of the estate and location is aavailable on request
• No transfer and bond registration costs payable
• Deposit payment of only R5000 required
• Bond subsidy of R1500 pm provided for 12 months
• Bond repayments will only commence on completion of the houses. The developer carries all the interim interest rate costs from date of registration of the plot up to completion of the house. There is therefore no risk to the investor in the event of delays in the construction of the houses
• Strong rental market. Just Letting has been appointed to support our investors to secure tenants for their houses. Their rental income CMA and services they provide to investors are available on request

CASH FLOW SITUATION AFTER DATE OF REGISTRATION

Full Bond Amount                                                 :     R 475 900         

Bond Repayment over 30 yrs @ 14% #          :     R     5638  pm    

Plus Estimated Levies                                          :     R       150  pm    

Total Monthly Costs                                               :     R     5788   pm    

Less: Rental income from tenant                 :      R     3000   pm

Less:  Bond Subsidy/Rental Assistance           :      R     1500   pm  

Out of Pocket Expenses                                       :      R     1288   pm 

# Rate not guaranteed

To discuss this sound investment opportunity in more detail or to arrange a booking of a unit, please contact me by e-mail or the office contact number below.