5 Bedroom House in Rondebosch

R 3 650 000

Brad Flynn

Rawson Property Group-Constantia

Jill Lloyd

Rawson Property Group-Constantia

5 Bedroom House in Rondebosch

R 3 650 000

4 burg road
Can I afford this?
5 Beds
2 Baths
Land Area 356 m²

UNUSUALLY HIGH BUY TO LET RATIO!

THIS PROPERTY TICKS ALL THE BOXES!

If you are thinking of investing in property these are the figures you want to know:-

Rental demand in the area Very high. Walking distance to UCT

Rooms to rent out five double bedrooms (always doubles for students!!)

Potential income 5 rooms @ R5,500 each = R27,500 pm

Annual income = R27,500 X 12 = R330,000 pa

Potential yield R330,000 by possible Purchase Price R3,300,000 = 10%

Allow 2% for rates, maintenance etc. therefore yield = 8%

This property is in an area which will not be affected by a downturn in rental prices because of the exceptionally high demand. These rooms fill up by word of mouth.

John Loos from FNB expects average gross yields to gradually increase and that was for the whole of RSA, this is the Southern Suburbs of Cape Town!!

ON SHOW THIS SUNDAY from 15H00 - 17H00! Follow boards from the Main Road.

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Key Property Features

5
Bedrooms
2
Bathrooms
1
Lounges
Fireplace

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Jill Lloyd

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Experience Cape Town Southern Suburbs

The Southern Suburbs make up some of the most popular residential areas in Cape Town. With large plots of land and roomy homes, the area attracts a fairly affluent crowd. The suburbs in the area include Rondebosch, Claremont, Plumstead, Ottery, Wynberg, Newlands, Constantia and Bishopscourt, Pinelands, Observatory, Tokai, Bergvliet, Kenilworth and Steenberg. Peaceful, quiet and leafy, the Southern Suburbs are seen by many as the perfect place to bring up children.

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Similar Property for Sale in Rondebosch

5 Bedroom House in Rondebosch

R 3 650 000

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