Enjoy vibrant Ferndale living within walking distance of Randburg Square; ground-floor apartment with private garden patio, breakfast-nook kitchen and tenant in place for immediate rental income.
Discover this delightful 72 square meter ground floor apartment perfectly situated in the vibrant community of Ferndale, Randburg.
This spacious two-bedroom, one-bathroom unit offers a comfortable and convenient lifestyle for its future owners/Investors.
The two generously sized carpeted bedrooms are each capable of accommodating a queen-size bed with two pedestals and 4 door built-in cupboards, ensuring ample space and comfort with.
The well-designed bathroom features a bath-shower combo, separate toilet, and separate washbasin.
The spacious lounge area is perfect for relaxation and entertainment.
Enjoy cooking in the sizeable kitchen that includes a breakfast nook, built-in oven and stove, double sink, and space for a single-door fridge and under counter washing machine. \
Step outside onto the small patio that leads to a cozy garden, perfect for a morning coffee or evening relaxation. The unit comes with one covered parking bay, with additional parking available for second vehicles and visitors in the visitor bays.
The levy amount is approximately R1795, and the rates and taxes are around R581.
Currently, the unit has a tenant paying R7000 a month until the end of September 2024, providing an immediate rental income opportunity.
While the complex itself does not offer additional amenities, its prime location is a major advantage. This apartment is ideally located within walking distance to Randburg Square, providing easy access to shopping, dining, and entertainment options. The surrounding areas are also easily accessible, making this a convenient and desirable place to live.
Don’t miss out on this wonderful opportunity to own a charming apartment in one of Ferndale’s most sought-after locations.
* Monthly costs are estimates and should be confirmed with the agent.
Listed for sale at R610,000
MyProperty Benchmark Indicator: Data-driven comparison vs similar active properties
Based on 59 listings in Ferndale
Insight
Priced below the median for similar properties in the area. On a price-per-m² basis, it is 26% below the median. Floor size is 13% larger than typical for similar homes.
Similar properties pricing
Key differences
Affordability
R 5,988 / month
Estimated bond repayment
20 years · 10.25% · 0% deposit
Market depth
59 similar listings
High similar-home inventory in Ferndale
Median time on market: 146 days
* Insights are based on current active listings (excludes sold data) and may change. This is not a valuation or appraisal. Smart Property Insights Model v1.0
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Ferndale is a vibrant and conveniently located suburb offering a mix of residential comfort and easy access to commercial and entertainment hubs, making it ideal for families and young professionals.
* Distances and amenities are approximate.