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R1,300,000

Monthly Bond Repayment R13,640.33
Calculated over 20 years at 11.25% with no deposit. Change Assumptions

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Auction

Spacious 2-Bedroom Apartment in The Arches of Rivonia – A Prime Investment Opportunity

Discover this generously sized 2-bedroom, 2-bathroom apartment located in the esteemed The Arches of Rivonia complex. Built in 2005, this well-maintained unit offers a harmonious blend of comfort and convenience, making it an ideal choice for discerning buyers.

Property Features:
• Bedrooms: Two spacious bedrooms with ample built-in cupboards.
• Bathrooms: Two modern bathrooms, including an en-suite in the master bedroom.
• Living Area: Open-plan lounge and dining area leading to a private balcony.
• Kitchen: Well-appointed kitchen with granite countertops and space for three appliances.
• Parking: Two designated parking bays (one covered, one open) and ample visitor parking.
• Security: 24-hour manned security with biometric access control.
• Amenities: Communal clubhouse and swimming pool for residents’ enjoyment.

Ideal Buyer Profile:

This property is perfect for:
• First-Time Homebuyers: Looking for a secure and well-located residence.
• Young Professionals: Seeking proximity to Sandton’s business hub.
• Investors: Interested in a property with strong rental demand and immediate equity gain.

Investment Highlights:
• Immediate Equity Gain: Priced R100,000 below municipal valuation, offering instant equity from day one.
• Rental Income Potential: With an estimated monthly rental income of R12,000, this property promises a solid return on investment.

Financial Overview:
• Purchase Price: R1,200,000
• Municipal Valuation: R1,300,000
• Immediate Equity: R100,000

Renovation Opportunity:

While the apartment is in good condition, minor cosmetic upgrades such as modernizing fixtures, updating kitchen appliances, or refreshing the interior paint can enhance its appeal and potentially increase its market value, providing additional equity gain.

Don’t miss this exceptional opportunity to own a prime property in Rivonia with immediate equity and strong rental returns. Contact us today to schedule a viewing!

Features

2
2
Interior
Bedrooms
2
Bathrooms
2
Kitchens
1
Reception Rooms
2
Exterior
Carports / Parkings
2
Security
Yes
Pool
Yes
Sizes
Floor Size
100m²
Land Size
4,060m²
 
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Disclaimer: While every effort will be made to ensure that the information contained within the Mandated Property Group website is accurate and up to date, Mandated Property Group makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.

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Transfer Costs

Natural Persons Legal Persons
Transfer Fees
Deeds Office Levy
Transfer Duty
Postage and Petties:
Rates/Levy Clearance
Pro-Rata Rates/Levies
Deeds Office Search
Electronic Document Preparation
Vat @ 15%
TOTAL:
Please note: Most banks charge an administration and initiation fee.
Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.

Bond Costs

  Natural Persons
Fees
Deeds Office Levy
Postage and Petties
Bank Electronic Connection Fee
Electronic Document Preparation
Vat 15%
TOTAL:
GRAND TOTAL:

Income

R Detail your income

Expenses

R Detail your expenses

%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

R
%

Monthly Payment

13,640.33

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