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Invest in Your Future: Incredible Opportunity to Own a Profitable Rental Property in Flamingo Vlei!
R 3,499,000
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1 year ago1078 views
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General Details
Location:
For Sale By:Owner
Available From:17/05/2024
Dwelling Type:House
Bedrooms (#):6+
Bathrooms (#):4+
Size (sqm):1000
Parking:Secure Parking
Description
Are you looking for a reliable source of passive income? Then look no further than this amazing property for sale in Flamingo Vlei!
Situated in the highly sought-after area of Fairbridge Road, this stunning property boasts a large erf size of approximately 1000 square meters, providing ample space for a comfortable living. Divided into four separate flatlets, the property offers an impressive rental income of about R 35k per month, perfect for those looking to invest in a rental property.
Each flatlet is designed with comfort in mind and includes modern finishes, with three two-bedroom flats and one single-bedroom flat to accommodate different family sizes. The garden area is the perfect spot to relax and unwind, featuring a beautiful swimming pool, braai pit, and large fish pond.
One of the major advantages of this property is its eco-friendly features. The house has two 300L solar geysers, all lights are LED-based, and gutters are connected to three large tanks that store rainwater, making it environmentally conscious and reducing your monthly utility bills. Furthermore, the property has remote monitoring of water and electricity consumption.
The paved parking area with an electric gate provides secure parking for multiple vehicles. The property is ideally located, with easy access to major motorways and walking distance to MyCiti bus stops. It is close to schools, shopping areas, and the Milnerton aquatic center, offering a great lifestyle for tenants.
This is an excellent opportunity to invest in a profitable rental property that is ready for you to start earning a passive income right away. Don't miss out on this chance to secure your financial future! Contact us today to schedule a viewing!.
Id Subtitle 1198766871
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Estimated monthly repaymentR 37,919
Total property loan amountR 3,499,000
Total interestR 5,601,539
Total repaymentR 9,100,539
Interest rate at 11.75% for 20 years *
* The interest rate is by default set to the prime lending rate. Banking institutions may choose to lend to individuals at a rate above or below this prime rate.
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Morne Fourie
Selling for 15+ years
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