Apartment for sale
Secure city living with steady rental income in Santa Fe, Berea — popular building among residents and investors. Two-bedroom, two-bath unit with basement parking, currently tenanted.
Sound investment. Two bedroom unit in Santa Fe'. A building and a favourite amongst residents and investors in Berea. Good security and basement parking.
The property is tenanted with a tenant paying rent of R4550-00 p.m. The property is in need of maintenance. A quote can be supplied on request. If fixed it can produce a rental income of up to R6000-00 p.m
The apartment has two bedrooms with cupboards. First separate bathroom with bath basin, toilet, second bathroom has separate toilet. Separate kitchen with cabinets. The living area is subdivided into two separate sleeping quarters.
Levy is R1000-00 p.m.
As an investment, the following calculations might surprise you:
26% R.O.I Nett with a R6000-00 rental on a R195 000-00 Cash purchase price.
Make an offer as soon as possible as this one will sell quick.
WE ARE REGISTERED WITH THE PPRA FFC NUMBER 0746087
TRUTS ACCOUNT OPERATIVE
Listed for sale at R195,000
Price reduced by 10.3% to R175,000
Price reduced by 5.7% to R165,000
How does this home’s price compare with similar properties?
Price comparison based on 6 similar-sized 2-bed homes.
Insight
Priced 43% below the local median - and below the typical range in Berea.
Compared with 6 similar active listings in Berea.
It sits below similar homes even on a price-per-m² basis - condition, position or finishes may explain the gap.
MyProperty Insights are based on current active listings (excludes sold data) and may change. This is not a valuation or appraisal.
Berea is a centrally located, high-density urban suburb in Johannesburg that offers residents convenient access to the inner city's vibrant commercial hubs and essential public services.
