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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