3 Bedroom apartment in Windermere for sale
Investor Opportunity | High-Yield Apartment with Strong Rental Return
This well-positioned 1.5-bedroom apartment, cleverly converted into a 3-bedroom unit, presents an excellent investment opportunity with immediate rental income in place.
Currently tenanted, the property generates a monthly rental of R7,400, making it a solid option for investors seeking steady cash flow from day one. The apartment offers a generous 81m2 of internal space, allowing for comfortable multi-tenant living.
Additional features include prepaid electricity, helping to manage and control utility costs, as well as one secure outside parking bay.
Monthly costs are well-balanced, with levies at R1,600 and rates at R665, supporting healthy long-term affordability and return potential.
Whether you’re expanding your rental portfolio or entering the investment market, this property offers strong fundamentals, adaptable space, and reliable income.
Key Investment Details:
Converted 1.5-bedroom to 3-bedroom
Current rental income: R7,400 per month
Existing tenants in place
81m2 total size
Prepaid electricity
Levies: R1,600
Rates: R665
1 outside parking bay
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