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With a multitude of must-have features for anyone looking to step into the Cape Town property market. Whether purchasing as an investment or looking for a new home, this one is not to be missed.
This property is a well-connected home in a fantastic location. The neighbourhood is rich in culture, family oriented and within close proximity to Observatory’s rich collection of local cafés, bars, shops and quick access to the highways (N2 N1 M3 M5) .
The home features two modern and well-appointed bathrooms, with the main bedroom having an en-suite and build in cupboards. All bedrooms are double in sized and receive lots of natural light.
The inviting lounge area is the heart of this home and comes fitted with a functioning chimney.
The fully equipped kitchen is complete with build-in appliances (oven/stove), ample storage space and plumbing for one appliance.
The enclosed drying yard is an added bonus, with space for the kids to play and still enough room for a potential herb garden.
Student accommodation is in high demand in Salt River and this property lends itself perfectly for this opportunity.
The property has the potential to secure a rental fee of ± R15.000 (unfurnished) with an average ROI of = ± 10.35% per annum, broken down as following:
± R15 000 rental monthly
± R1200 expenses (rates, taxes, water)
± 10.35% rental yield
± 4 - 5% annual capital growth
Contact us today to arrange a viewing and discover all that this amazing property has to offer!