2 Bedroom Flat in Montclair

Welcome to this neat and well-maintained 62 m2 apartment in Fernside, situated within a secure gated complex in Montclair.

The apartment offers a spacious open-plan lounge and dining area with ample room for comfortable everyday living and entertaining. The modern fitted kitchen connects conveniently with the living space, creating an easy and practical flow.

Both bedrooms are well proportioned and fitted with built-in cupboards. The modern bathroom is complemented by a separate toiletan especially useful feature for couples and small families.

PROPERTY FEATURES

Two well-proportioned bedrooms

Built-in cupboards in both bedrooms

Spacious open-plan lounge and dining area

Modern fitted kitchen

Modern bathroom

Separate toilet

Secure gated complex with controlled access

One designated covered parking space

Prepaid electricity meter

Water included in the monthly levy

Convenient access to shops, schools and public transport

Monthly levy: approximately R1,560

Municipal rates: approximately R560 per month

Apartment size: 62 m2

AN EXCELLENT HOME OR INVESTMENT

This move-in-ready apartment is ideal for first-time buyers, young professionals, a small family, those wishing to downsize, or investors looking for an affordable income-producing property.

Comparable two-bedroom properties in Montclair are currently advertised at approximately R6,800 to R7,500 per month. At a projected rental of R7,000 per month and the current asking price of R695,000, the property offers a potential gross rental yield of approximately 12.1.

Water is included in the levy, while prepaid electricity allows occupants to manage their own electricity consumptionan attractive arrangement for both homeowners and landlords.

Contact Wakefields today to arrange your private viewing.

For the investor calculation, the R7,000R7,500 rental range remains appropriate. Water being included in the levy and electricity being prepaid improve the landlords position because:

There is no separate monthly water charge to add to the operating expenses.

The tenant purchases electricity directly.

The landlord has less exposure to unpaid electricity accounts.

Covered parking and built-in cupboards make the apartment more competitive.

Wakefields should feature these four phrases prominently in the listings searchable features: built-in cupboards, covered parking, prepaid electricity and water included in levy.