CREATE WEALTH THROUGH PROPERTY INVESTMENT
BUY-TO-LET OPPORTUNITY
FERN VALLEY APARTMENTS
- FERNDALE -
COMPLETE
2 Bedroom 1 Bathroom Apartments
BUY-TO-LET INVESTMENT
Fern Valley Apartments
Apartments for Sale. Ferndale. Randburg.
Priced from R850 000
GUARANTEED RENTAL INCOME FOR 6 MONTHS
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Gross rental yields of up to 16.5%
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Net rental yields of up to 12.5%
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R84 000 p/a projected rental income
- COMPLETE
- Up to 100% bond financing available
- Bond & registration fees included
- No transfer duty
R84 000 p/a projected rental income
Gross returns on investment up to 16.5%
Investment benefits
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Ready for occupation in August 2022
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Guaranteed rental income for 6-months
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Gross rental yields of up to 16.5%
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Net rental yields of up to 12.5%
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Projected rental income from R7000 per month
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R84 000 p/a projected rental income
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Prime location with high demand from tenants
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Section 13sex tax incentive applicable
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Free rental management during rental guarantee period
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Buy direct from developer
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Transfer & bond registration fees included
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No transfer duty payable
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Building insurance & external maintenance covered in levy
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Up to 100% bond financing available
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Finance your bond directly through Renprop
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Only pay first bond installment on registration
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Only R20 000 reservation deposit required (Refundable if financing is not be approved)
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Full rental management available after 6-months**
Introducing Fern Valley
Simple, minimalist building design, incorporating clean lines and a modern feel. Designed by renowned architects, Messaris Wapenaar Cole Architects. Open-plan living including your kitchen, dining and living room, leading out onto a balcony or garden, for the ground floor units. Kitchen has space for 2 appliances. Spacious, light bedrooms, that fit queen sized beds, both leading onto the living area. Bathrooms include a bath/shower combo fitted with a glass door. Bedrooms are well-designed with lots of cupboard space.
Uncapped wifi included. One parking bay per unit. Visitors parking. 24hr security with on site guard.
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Perfectly located in Randburg, on the border of Bryanston, on Vale Road. Walking distance to main transport routes and surrounded by all amenities, including Ferndale Village Shopping Centre.
Unit Plans
2 Bed 1 Bath - Standard Layout
Selling from:
R 850 000
2 Bedroom 1 Bathroom Apartment
Unit size: 60 - 70m2
Top investment criteria:
- Guaranteed rental income for 6-months
- Gross rental yield of up to 16.5%
- Net rental yield of up to 12.5%
- Bond & registration fees included
- No transfer duty
- Full rental & tenant management available after 6-months*
- Projected rental income from R7000 per month
Financial Analysis Example
Purchase price:
R 892 500.00
Guaranteed rental income:
R 12 300.00 per month
For a 6-month period
Estimated Bond Repayments:
90% bond over 20 years -
R 8 704.88
Estimated Monthly Costs:
Rates - R 434.06
Refuse - R 316.25
Levy - R 1 596.76
Sewage - R 654.00
Total monthly costs: R 3 001.07
Investment case:
Gross rental yield:
16.5%
Net rental yield:
12.5%
Estimated surplus per month:
R 594.06
Location
Travel
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​Malibongwe Drive - 2km
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Braam Fischer / Main Rd - 3km
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Gautrain Station (Sandton) - 9km
Education
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Bryandale Primary - 4km
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Ferndale High School - 2km
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Damelin - 5.2km
Shopping & Recreation
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Ferndale Village - 1.3km
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Ferndale on Republic - 4km
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MacDonalds / KFC - 3km
Medical / Emergancy
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SAPS Randburg - 900m
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Netcare Olivedale Hospital - 4.1km
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Sandton Medi-Clinic - 3km
**Full rental management
The Rentals Asset Management Division has a well-developed competency in the residential market that manages rental assets on behalf of private and institutional investors. We offer an end-to-end solution where care is taken in each step of the process.
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Sourcing the IDEAL TENANT (with ITC, reference, and affordability insight),
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MANAGE COLLECTIONS and all communications with tenants,
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Resolving MAINTENANCE matters, and completing with approval by owner.
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This service is available after your rental income guarantee period has expired.
