2 Bedroom House in Grahamstown (Makhanda) Central

A Kingswood opportunity your investment or your next home!

Looking for an affordable entry into the property market This two-bedroom apartment at SS Kingswood Mews offers an exciting opportunity for both investors and owner-occupiers.

Situated on the ground floor, this approximately 53m² apartment is accredited with Rhodes University and already configured for student accommodation.

One of the bedrooms has a particularly interesting feature: an enlarged bathroom with a bath instead of a shower. The appliances appear to be in good condition, and the apartment enjoys the convenience of a small veranda and one allocated off-street parking bay.

For the investor, the rental forecast is encouraging. At an estimated annual rental income of R83,160, the projected net income after estimated expenses is R59,892. That''s approximately R4,991 per month, potentially sufficient to service a R530,000 bond over 20 years at an assumed interest rate of 9.75.

Prefer to live there yourself The convenient location, manageable size and proximity to Rhodes make this an appealing option for a first-time buyer, young professional or parent seeking accommodation for a student.

Asking price: R595,000

Contact Grahamstown Properties and come and see the possibilities!