1 Bedroom Apartment in Mountainside

A 43 m2 1-bedroom apartment in Greenbay, a gated estate in Gordons 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.