For Sale   >   South Africa Flag  South Africa   >  Western Cape  >  City Of Cape Town  >  Gordons Bay
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  • R625,000
    •
    CHECK IF AVAILABLE
    CHECK IF AVAILABLE
  • 2 bedrooms
  • Apartment / Flat  2 bedrooms
  • For Sale 
  • Gordons Bay
  • south africa Flag South Africa
Spacious 64mē two bedroom unit on a 9 hole Golf Estate. Full bathroom. Open plan kitchen and living area with built in stove, cupboards and good finishes. The whole unit is tiled and bedrooms have built in wardrobes. Situated in a security complex. Low monthly levi`s. Good solid growth potential.
Positive investment factors to take into account:
1. South Africa has one of the fastest growing middle class in the world (15-
20 million people who needs to stay somewhere!) and this creates a very
healthy renting environment.
2. Units like the Gordons Bay Golf Terraces is also described as entry level
housing and therefore the type of tenant is also young working people or
young married couples who can`t afford their own property (again this is
positive for rental demand). These types of property will always be in
demand where your big mansions is just reserved for a elite couple of
people.
3. The Helderberg region (it consists of Somerset West, Strand and Gordons
Bay) has been known for very positive growth over the years. The reason
for this is that you have a balanced variety of entry level housing and very
expensive beach front housing which stimulates growth.
4. In the last couple of years much development took place in Gordons Bay.
At this stage there is very few sites left to develop which places a huge
demand on rental property and is good for long term growth.
5. With the upcoming middle class ESKOM (the Electricity provider in South
Africa) faces huge challenges to provide enough electricity. Therefore
fewer property developments take place which forces already build units to
grow and create good rental returns.
6. The recent financial crisis in America and Great Britian has forced South
African banks to strictly monitor people`s affordability. The result of this is
that fewer people can afford a bond and rather rent which is also good for
rental demand.
Spacious 64mē two bedroom unit on a 9 hole Golf Estate. Full bathroom. Open plan kitchen and living area with built in stove, cupboards and good finishes. The whole unit is tiled and bedrooms have built in wardrobes. Situated in a security complex. Low monthly levi`s. Good solid growth potential.
Positive investment factors to take into account:...
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