2 Bedroom Apartment in Maitland

Whether you''re looking for your first home or a high-performing investment, this modern 2-bedroom apartment in Essex Court offers exceptional value, low monthly running costs and excellent long-term rental returns.

Positioned on the 2nd floor of a secure, well-maintained development, this 44sqm apartment is approximately five years old and remains in excellent condition. Designed for convenient, low-maintenance living, it is perfectly suited to first-time buyers, young professionals and investors seeking strong rental returns. Property Features

2 bedrooms

1 Modern bathroom

44sqm apartment

Located on the 2nd floor

Excellent condition simply move in or rent out

Prepaid electricity

Individual water meter pay only for what you use

Fibre-ready subject to service provider

Innovative, Cost-Saving Building Features

Essex Court has been thoughtfully designed to reduce monthly utility costs and maintenance through:

Solar-powered central hot water system no individual geysers in apartments

On-site water treatment plant

Lower electricity consumption

Reduced maintenance associated with conventional geysers

These features help keep monthly ownership costs lower while appealing to environmentally conscious tenants.

Secure Lock-Up-and-Go Lifestyle

Residents enjoy peace of mind with:

CCTV surveillance

Electric fencing

Motorised access gate

Well-managed, secure complex

Ideal lock-up-and-go living

Exceptional Location

Conveniently situated with easy access to major transport routes, shopping centres and public transport, Essex Court is perfectly positioned for everyday convenience.

The development is located within close proximity to the rapidly expanding River ClubAmazon headquarters precinct, one of Cape Town''s largest mixed-use commercial developments. As this precinct continues to grow, it is expected to attract thousands of employees and supporting businesses, increasing demand for quality rental accommodation in the surrounding areas.

Combined with the nearby police station and excellent accessibility, this location offers both convenience and long-term investment appeal.

Essex Court has proven itself to be a highly sought-after development, with all apartments selling out shortly after launch. Current Rental Performance

Current rental income: R8,100 per month excluding water and electricity

Comparable rentals currently being achieved: R10,000 R11,500 per month excluding water and electricity

Estimated Monthly Costs

Levies: Approximately R1,300 including reserve fund contribution

Rates: Approximately R250

Estimated Gross Rental Yield

Current Rental R8,100month

Annual rental income: R97,200

Gross yield: Approximately 9.8

Market Rental R10,000month

Annual rental income: R120,000

Gross yield: Approximately 12.1

Upper Market Rental R11,500month

Annual rental income: R138,000

Gross yield: Approximately 13.9

These are exceptionally attractive returns for investors seeking a low-maintenance asset with strong rental demand. Estimated Bond Repayment

At a purchase price of R995,000, assuming a 100 bond over 20 years at an interest rate of approximately 10.75, the estimated monthly bond repayment is:

Approximately R10,100 per month.

With rentals in the R10,000R11,500 range currently being achieved for similar units, investors have the opportunity to own a property where rental income can cover a significant portionor potentially allof the monthly bond repayment, before accounting for levies, rates and other ownership costs. Why You''ll Love It

Excellent value under R1 million

Modern apartment in excellent condition

Strong rental demand

Attractive gross rental yields

Low monthly utility costs

Sustainable building features

Secure lock-up-and-go lifestyle

Close to the rapidly growing AmazonRiver Club precinct

Ideal for first-time buyers and investors

Exclusive Sole Mandate with Eazi Real Estate, where sellers save on commission, making homes more affordable for buyers.

This is a rare opportunity to secure a modern, low-maintenance apartment in a sought-after development that combines affordability, convenience and impressive investment potential. Whether you''re buying your first property or expanding your portfolio, Essex Court represents exceptional value in one of Cape Town''s growing residential nodes.

Contact Brynne to arrange a viewing