1 Bedroom Apartment / Flat For Sale in Blackheath

5 SS LA COLOMBA, 280 Pasteur Road, Blackheath, Randburg

60 m²

Price ReducedSole Mandate

Description

PRICE REDUCED to R539,000 | 15.6% Gross Yield 1-Bed in La Colomba, Blackheath

Now R539,000, and this is the one to see if you want a secure, low-maintenance 1-bedroom close to Cresta that already earns its keep.

Tucked away in the well-established La Colomba complex in Blackheath, Randburg, this apartment is built for busy lives. The open-plan lounge and dining area fits a full lounge suite and dining space and still feels like home. The kitchen has granite counters, plenty of cupboards and space for your own washing machine, so there are no more shared laundry days. A sunny corner by the window is ready to become your home office or reading nook.

The bedroom is a proper retreat. It is generously sized, with built-in cupboards to keep things clutter-free. Step onto your private balcony for morning coffee or evening wind-downs, framed by leafy views.

La Colomba takes care of the rest:

• 24-hour security, an access-controlled gate and electric fencing

• A carport for your car

• A communal pool with a thatched lapa for weekend braais and get-togethers

• Gardens that are properly looked after

Walk to Cresta Shopping Centre, with quick access to major routes, public transport, schools and hospitals. Fibre-ready for work-from-home days.

The numbers (investors, take note):

• Current rental: R7,000 per month

• Gross yield: approximately 15.6% at the asking price

• Monthly levy R2,297, maintenance levy R180, rates R270

• Net income after levies and rates: approximately R4,253 per month, a net yield of about 9.5% before vacancy, insurance and management fees

First-time buyers can own for close to what they'd pay to rent. Investors get a low-entry-cost unit that is already producing income.