30.10.2017 Views

The Rep 20 October 2017.compressed

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

14<br />

Tel: (045) 839-4040 Emergency: (A/H) 083-272-0955 ° Editorial: sonjar@timesmedia.co.za - advertising: charodinev@timesmedia.co.za<br />

THE REPRESENTATIVE <strong>20</strong> <strong>October</strong> <strong>20</strong>17<br />

PRIMEPROPER TY<br />

PROPERTY FOR SALE<br />

VERONICA<br />

082 609 9552<br />

TOP TOWN R795 000<br />

TOWNHOUSE IN SECURE<br />

COMPLEX ofering open plan<br />

lounge, diningroom, fitted kitchen<br />

with undercounter oven, hob and<br />

extractor fan, two bedrooms two<br />

bathrooms (MES), garage and<br />

carport.<br />

2 2 1 1<br />

BERGSIG R1 550 000<br />

TOWNHOUSE NESTLED IN<br />

ESTABLISHED COMPLEX ofering<br />

open plan lounge, diningroom, well<br />

fitted kitchen with undercounter oven,<br />

hob and extractor fan, three bedrooms,<br />

two bathrooms (MES), private garden<br />

and pool, outside storeroom, toilet and<br />

double undercover carport.<br />

3 2 2<br />

WESTBOURNE PARK R700 000<br />

LOW MAINTENANCE FACE BRICK<br />

TOWNOUSE ofering lounge,<br />

fitted kitchen with undercounter<br />

oven, hob and extractor fan, three<br />

bedrooms, two bathroom (MES)<br />

and garage<br />

3 2 1<br />

TOP TOWN R1 050 000<br />

JUST MOVE IN TO THIS<br />

TOWNHOUSE which is ofering<br />

open plan Lounge, super kitchen<br />

with undercounter oven, hob and<br />

extractor fan, two bedrooms, full<br />

bathroom, automated garage and<br />

under cover carport. Close to all<br />

schools<br />

2 1 1 1<br />

TOP TOWN R1 860 000<br />

THIS PROPERTY WOULD BE AN<br />

IDEAL B&B!!!!! Besides being a<br />

spacious home it also has 4 SELF<br />

CATERING UNITS. PHONE ME<br />

NOW TO VIEW<br />

IF YOU WANT SEE THE “SOLD” SIGN ON YOUR PROPERTY<br />

PHONE VERONICA 0826099552<br />

Bowes McDougall Inc.<br />

27A Prince Alfred Street, Queenstown<br />

Tel: 045 807 3800<br />

Tips on how to pick<br />

a rental property<br />

Investment in real estate<br />

needs a clear mind,<br />

planning and research<br />

SOLE MANDATE<br />

CENTRAL<br />

R1 750 000<br />

3 Beds | 1 Bath | 1 Lounge<br />

Outstanding potential and a workshop<br />

at the back with ample parking space.<br />

This property can easily be converted into<br />

offices as it is well located and a stone<br />

throw away from the Nonesi mall.<br />

SOLE MANDATE<br />

SOLE MANDATE<br />

Loraine Bosman<br />

C 084 487 8949<br />

EQT6773<br />

EZIBELENI<br />

R630 000 EZIBELENI<br />

R450 000<br />

4 Beds | 1 Bath | 2 Carport<br />

2 Beds | 1 Bath | 1 Garage<br />

Calling all investors to make offers in<br />

this ideal investment property with<br />

huge earning potentials. This property<br />

is situated on the main taxi route, fully<br />

Four roomed house with two flats and a<br />

garage. Fully fenced with face brick and<br />

steel gates. Located in a sought ater area<br />

close to schools and transport routes.<br />

walled and boasts stunning mountain<br />

views.<br />

SOLE MANDATE<br />

EZIBELENI<br />

R250 000<br />

2 Beds | 1 Bath<br />

Bargain! Bargain! You snooze you lose.<br />

This property is situated on the main taxi<br />

route at Unathi Mkhefa street Ezibeleni.<br />

Hurry up before it is snatched up from<br />

under your nose.<br />

Moira Pappas<br />

Principal<br />

C 082 478 7353<br />

Yolanda Moss<br />

C 083 381 5899<br />

EQT6573<br />

Sipiwe Follie<br />

C 076 832 9706<br />

EQT6775<br />

Sipiwe Follie<br />

C 076 832 9706<br />

EQT6776<br />

SOLE MANDATE<br />

MADEIRA PARK<br />

3 Beds | 2 Bath | 1 Lounge | 1 Garage<br />

This neat as a pin home, is perfect for a<br />

small family. <strong>The</strong> sunny lounge leads to<br />

the kitchen and large bedrooms. All three<br />

bedrooms are fitted. A large back yard<br />

extends behind the house.<br />

Njongo Mvabenyathi<br />

C 071 036 0371<br />

EQT6785<br />

R860 000<br />

RENTALS<br />

045 838 2560<br />

Central:<br />

Bachelor flats – R3 050.00<br />

1 bedroom flat – R3 600.00<br />

1 bedroom flat – R2 500.00<br />

1 bedroom flat – R2 800.00<br />

3 bedroom house – R7 260.00<br />

2 bedroom flat – R6 500.00<br />

3 bedroom flat – R5 170.00<br />

Top town:<br />

3 bedroom house – R10 000.00<br />

4 bedroom house – 10 300.00<br />

Out of town (3km on N6):<br />

2 bedroom unit – R5 170.00<br />

59sqm Commercial rental -<br />

R 6 500.00 excluding VAT.<br />

Ezibeleni:<br />

1 bedroom flat - R2 850.00<br />

Bachelor flats - R1 850.00<br />

Bachelor flats - R2 100.00<br />

ONCE you have done research and made up<br />

your mind about going for high rental<br />

yields instead of high capital growth<br />

properties, the next step is to master the<br />

process of picking the right investment property.<br />

CEO of Private Bank Lending at FNB, Praven<br />

Subbramoney, says many inexperienced<br />

investors often get it wrong when choosing the<br />

first few rental properties, which is both costly<br />

and not ideal when starting to build a portfolio.<br />

He points out five mistakes to avoid when<br />

choosing the right rental property:<br />

ý Emotions – try and avoid falling in love<br />

with the property. Rather weigh its potential to<br />

attract quality tenants.<br />

Don’t look for features that appeal to you, but<br />

the market you are targeting.<br />

ý Hasty decisions – talk to different property<br />

agents and view a minimum of five properties<br />

or units in the area before making your final<br />

decision - unless you are taking advantage of a<br />

good deal.<br />

Also let the agents know that you are buying<br />

an investment property and will be exploring a<br />

few options. This will help you make an<br />

informed decision and also negotiate a good<br />

price.<br />

ý Cost of maintenance – before buying your<br />

investment property, it is essential to establish<br />

the type of maintenance required.<br />

<strong>The</strong> idea with this property investment<br />

strategy is to make as much money as possible<br />

from the rental income, while avoiding ongoing<br />

expenses such as outsourcing maintenance.<br />

For example, it may be more practical to go a<br />

low maintenance unit like a flat or cluster,<br />

instead of a standalone house.<br />

However, if you are buying a house, it is<br />

important to get an expert to thoroughly inspect<br />

it for visible and hidden defects that may be<br />

costly to repair.<br />

ý Investigate rental yield – don’t just take the<br />

agents’ word about how much tenants are likely<br />

to pay for rent. Do your own research and find<br />

out how much other properties in the area are<br />

being rented out for.<br />

In this case, you risk ending up with a low<br />

rental yield and low capital growth property,<br />

which will cost you as you may have to re-sell it.<br />

ý Talk to experts - don’t be reluctant to share<br />

ideas and seek advice from experienced<br />

property investors. If possible, also join credible<br />

property investment groups.<br />

Taking advantage of advice and learning from<br />

the mistakes of experienced investors will go a<br />

long way in helping you to succeed.<br />

“After selecting the right rental property, the<br />

second most important thing is to consider is<br />

how to finance the investment,” s ay s<br />

S u b b r a m o n e y.<br />

Investors who are planning to build a sizeable<br />

rental portfolio can get more value from a<br />

structured loan which provides secured finance<br />

for larger property acquisitions, allowing them<br />

to borrow against mixed collateral such as a<br />

combination of property, shares, cash or<br />

investment portfolio in order to take advantage<br />

of opportunities.<br />

“A viable high rental yield property investment<br />

strategy depends on the rental income you get<br />

as well as access to capital. As a result, finance<br />

and skills required for selecting the right<br />

property are critical elements for success,” s ay s<br />

S u b b r a m o n e y.<br />

Institute of Estate<br />

Agents<br />

of South Africa<br />

DEAL OF THE WEEK!<br />

QUEENSTOWN - R830 000<br />

2 x bedroom FLAT in upmarket secure<br />

complex <br />

<br />

PHOTOS OF THE ABOVE PROPERTY ARE<br />

AVAILABLE ON PROPERTY 24 WEBSITE

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!