2 Bedroom Duplex in Three Rivers

A two-bedroom, two-bathroom duplex unit in Three Rivers doesnt come along every day at R900 000. Decent size at 113 m2, a communal pool, and fibre already on, with the shopping centre and a convenience store both within walking distance.

The unit can do with some cosmetic attention, but the bones are solid, and the numbers make sense whether you plan to live here or rent it out.

WHY BUYERS MAY LIKE IT:

-11 gross yield and estimated R8 250month rent, for those buying to let

-Two full bathrooms, not just one

-Pool in the complex

-Fibre-ready

-700m from the shops

- 1.4 km from a primary school, 2 km from a high school

- Pet-friendly, but all pets are subject to body corporate approval

-Small garden

This works well for a first-time buyer who wants to get onto the property ladder without overcommitting, or for an investor looking for yield in the starter-home price band. It also suits someone who wants to downsize from a freehold house and prefers a complex environment where exterior upkeep isnt their problem.

It will suit you if you are buying alone or as a couple, you are comfortable with a 1976 building that needs cosmetic work, and you want a central location in an established suburb.

It is possible to divide the 2nd bedroom and create a 3rd bedroom. This unit probably isnt the right fit if you require an access-controlled estate or need backup power and water in place.

There is no dedicated entertainment area or braai facility.

Any items on the mandatory disclosure form will be pointed out and discussed with you at viewing.

Reach out, and I will put together a personalised running-cost picture for you based on how you intend to purchase and what your deposit situation looks like. That will tell you quickly whether the numbers work for your circumstances.

Contact me today to arrange a private viewing.