Limited investment opportunity

in the award-winning

Stellendale Village, Kuils River, Western Cape
2-Bedroom apartments in high demand suburb

Offset up to R382 000
against taxable income over 20 years

Welcome to Stellendale Village, the winner of the 2007 housing project from the South African Housing Foundation.

Are you an investor? Click here and see the stats on the great returns this development already offers

PRICED FROM

R24 600 Rental Assist to Investors

Bond & Transfer fees included

Wealth Plan & Platinum Membership included*

Contact us for more information

Pay
Less

Bond and transfer fees included

Rental Income

Projected From
R68 196 p/a

Gross ROI

Up to 10.68%

Great Deal

Wealth Plan & Platinum Membership included*

ONE OF CAPE TOWN’S FASTEST GROWING SUBURBS

Within a few minutes’ drive from Cape Town International Airport, this area is also home to major manufacturers such as Coca-Cola and Nampak.

Kuilsriver is one of the fastest growing suburbs of Cape Town due to its perfect location. It affords residents the opportunity to connect to the Cape Town CBD, Stellenbosch and Somerset West via several major interlinking roads connecting the north and south of the peninsula.

Stellendale Village has 24-hour manned security with patrolling guards throughout the estate. The Village – which consists of apartments, houses and retirement facilities – was designed for people of all ages to benefit from a strong community within a secure environment, while still offering generous open spaces between apartments and homes. Previously, the estate only had freestanding homes for sale, with most of the apartments held in property funds and not available for the public to purchase. IGrow now offers investors an opportunity to add one of these exceptional 2-bedroom apartments to their investment portfolio.

Prices start from only R695 000, with bond and transfer fees included, which makes this development a perfect fit for the investor looking to add a positive cashflow property to their portfolio. Being sold off-plan makes these apartments the perfect vehicle for investors to take advantage of the Section 13sex tax incentives, offered by the South African Revenue Services, and offset 55% of the purchase price against their taxable income. Only 108 apartments are available – make sure you do not miss out!

Location

5
Kierland_Skye_Mailer_020
10
Travel Distance
Cape Town CBD 24km
Cape Town International Airport 13km
Bellville CBD 10km
Stellenbosch CBD 18km
Education Distance
De Kuilen primary and high schools 5km
Kuilsriver Primary 5km
University Western Cape 8km
Cape Town University of Technology 8km
Medical Distance
Netcare Kuilsriver 6km
Tygerberg Hospital 13km
Kuilsrivier Clinic 4km
Sarepta Day Hospital 5km
Recreation & Shopping Distance
Zevenwacht Mall 2km
Somerset Mall 22km
Spar Kuilsriver 2km
Kuilsriver Golf Course 9km

Why invest in Stellendale

30 Year investment Scenario - Stellendale, Kuilsriver, Cape Town

How it works?

  • Purchaser applies for 100% Bond financing
  • Rent out the unit - Income R5,500 p/m
  • Bond repayment: R4,624 p/m
  • Calculated using prime lending rate of 7%
  • 30 Year Financing term

Price: R695 000

  • Bond repayment: R4,624 p/m
  • Rates & Levies: R1154 p/m - Yr 1
  • Projected Rental Income: R5,500p/m - Yr 1
  • Rental Assist: R683 p/m - Yr 1
  • Year 30: R39,128 Rental Income p/m
  • Yr 1
  • Yr 5
  • Yr 10
  • Yr 20
  • Yr 30
Gross Rental Yields: 10.68%
Property Market Value: R 743,650
Equity: R55,710
Annual shortfall/surplus: - R2,724
Gross Rental Yields: 12.45%
Property Market Value: R974,773
Equity: R320,559
Annual shortfall/surplus: + R3,595
Gross Rental Yields: 17.46%
Property Market Value: R1,367,170
Equity: R770,774
Annual shortfall/surplus: + R28,502
Gross Rental Yields: 34.34%
Property Market Value: R2,689,431
Equity: R2,291,195
Annual shortfall/surplus: + R113,857
Gross Rental Yields: 67.56%
Property Market Value: R5,290,517
Equity: R5,290,517
Annual shortfall/surplus: + R285,024

Good Standing ratio = 89% vs National of only 77%

  • DNP - Did not pay
  • GP - Grace Period
  • PL - Paid late
  • POT - Paid on Time
  • PP - Partial Payment

Goodstanding Ratio

Overview of the suburb good standing ratio per period against the national average collection (Will I get paid)

Investment benefits
  • Shortfalls below R700 p/m (even on 100% financing)
  • R24 600 Rental Assist to Investors*
  • FREE Wealth Plan & 12 months' Platinum Membership
  • Gross ROI up to 10.68%
  • Up to 100% bond financing available
  • Transfer and bond fees included* (Save a further R44 000!)
  • No transfer duty payable
  • Projected rental income from R68 196 per year
  • Strong rental demand for apartments in this specific security village
  • Building insurance & external maintenance covered by levy
  • FREE consultation with one of our Property Investment Strategists to help you build your investment portfolio
  • Offset 55% of the purchase price through Section 13sex tax incentives*
  • Property tax strategies by IGrow Chartered Accountants
  • Only R10 000 reservation deposit required (refundable should financing not be approved)
  • Company & Trust setup and advice through IGrow Trusts
Comprehensive End-to-End Rental Management
  • IGrow Rentals - our in-house rental managers
  • Tenant vetting & placement
  • Rental collection
  • Ingoing & outgoing inspections
  • Maintenance service available
Projected income from
R 68196 p/a
2 bed, 1 bath apartments from
R 695000
Gross ROI up to
10.68 %
Development Features
  • 24 hour manned security estate
  • Ground floor units with exclusive paved area
  • Centrally located to all amenities and facilities such as CPUT, UWC and University of Stellenbosch
  • Petrol station with small shop at entrance gate
  • Less than 2km to Zevenwacht Mall
  • Clever space saving designs
  • Built-in cupboards in kitchen and bedrooms
  • Tiled throughout
  • No maintenance aluminium window frames
  • Solar geysers to save on electricity charges
  • One cold water washing machine point
  • Rustenburg granite kitchen counter tops
  • Burglar bars to all opening windows
  • Free standing stove
  • Prepaid electricity meters
  • Monthly measured water consumption
  • 1 covered parking bay per apartment
  • Covered stairs and passageways
  • Pitched roofs with tiles
  • 5 Year NHBRC Warranty
  • Fibre ready
Speak to a consultant

HAVE QUESTIONS?

Book your free consultation with a property investment strategist where we talk more in-depth about how you can achieve financial freedom through investing in property.

Site Development Plan

Floor Plans

Ground floor
First Floor
Second floor

Typical Unit Type

Type A - Ground Floor

2 bedrooms, 1 bathroom
R699 000
  • Unit size - 40m²
  • 1 Parking Bay
  • Exclusive Use Garden
  • Free Wealth Plan included
  • 12 months' Platinum Membership included
  • R24 600 Rental Assist
  • Levies projected at R1 100 p/m
  • Rates projected at R245 p/m

Type B - First and second floor

2 bedrooms, 1 bathroom
R695 000
  • Unit size - 40m²
  • 1 Parking Bay
  • Free Wealth Plan included
  • 12 months' Platinum Membership included
  • R24 600 Rental Assist
  • Levies projected at R1 100 p/m
  • Rates projected at R245 p/m

Gallery

Documents

Stellendale Disclaimer

IGrow makes no warranties, whether expressed or implied, in regard to the websites, contents, accuracy, financial projections and/or assumptions nor availability.
The User assumes all responsibility and risk for the use of the information and other material provided. IGrow shall not be liable for any loss, injury, damage, cost, penalty or claim resulting from the use of the materials or projections/assumptions, whether direct or indirect. The User indemnifies IGrow and holds it harmless against any and all liability, loss, damage, penalty, cost or claim of whatsoever nature suffered by any third party in relation to any act or omission by the User in relation to the information and the use thereof by the User. *Bond and attorney fees paid by Seller only where appointed attorney attends to registration and transfer. *Rental assist to IGrow investors using IGrow Rentals. 

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If you are considering an investment or a lock-up-and-go lifestyle opportunity, this development is ideal with the perfect location. Contact us today to assist you in acquiring one of these investment units.

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