Comparitive market analysis elardus park
1. area map & index Retail Distance Cornwall View Shopping Centre 550m (2min)
Elardus Park Centre 1.9km (4min)
Irene Village Mall 5.8km (8min)
Menlyn Shopping Centre 7.9km (10min)
Education Distance
Pumpkin Patch Pre-school 1.9km (4min)
Laerskool Elardus Park 2km (4min)
Waterkloof Hoerskool 2.3km (5min)
University of Pretoria 12km (20min)
Cornwall Hill College 7.5km (11min)
Hospitals Distance
Netcare Unitas Hospital 9.5km (13min)
Kloof Hospital 4.3m (8min)
Airports Distance pretoriaO.R. Tambo Int. Airport 37km (24min) 2. development description
elardus park Welcome to modern and convenient living Northern Views is situated in the heart of Elardus Park, this unique development combines convenience, security and trendy finishes with an ideal loca on and easy access to a host of local ameni es. Designed in 3-storey blocks with a magnificent view, these units range from 70-78m2, combining open plan design with spacious kitchens and en-suite bathroom.
Modern open plan living 24-hour security with patrolling guards and access control. Cost efficient pre-paid electricity in each unit. Secure under cover parking with ample space for visitors. Located for quick and easy access to major highways, N1, R21 and N14 Ample visitors parking Private pa o Built in braai pretoriaClose to local ameni es Invest today This development holds strong appeal to students, first me buyers as well as property investors looking for opportunity in Gauteng's thriving rental market. Current investment has proved successful with over 70% of the units sold with available units priced from R959 000, this includes all bond costs, transfer costs and no levies for the first 12 months.
Value adding features Apartment living with 24-hour security, this development is located close to shopping centres with easy access to major highways. Each unit comprises of 2 bedrooms and one en-suite bathroom. The modern finishes, granite counter tops and covered pa os will complete you lifestyle.
No levies payable for the first 12months Bond costs included Transfer costs included Expected Rental – R 8,500 per month Rates & Taxes – R 385 per month pretoriaNe yield – R 7,137.50 per month WHAT WE ARE OFFERING YOU
INVESTMENT SUMMARY
2 Bedroom 2 Bathroom R 961 900 (71m²) Prices from: R961 900 Purchase Price - R 40 000 deposit R 921 900 Rental Income from R8 500 Bond Repayment @ 10.25% Prime R 9 048 2 bedroom & 2 Bathroom Levies (R 12 000 Subsidy for first year) & Rates & Taxes R 1 000 + R 385 Transfer & Bonds cost included Rental Income per month R 8 500
Shortfall per month R 934 pretoria 3. 10 year investment summary pretoria