In this new series we will put our property experts to the test. Based on reader information, they will recommend the ideal investment opportunity from our current developments. This month, the property pick from our company is from Johannesburg.
From our experience, working professionals are looking for a new way of living. Gone are the days when working professionals prioritised finding a location near their area of work. Today, with many people working from home, tenants are looking for property which offers a high standard of living.
In this month’s pick, our senior property investment strategist Lea Booyse recommended an investment in property which offers just that. Greenpark is ideal for those looking to begin investing in property while capable of facilitating a monthly shortfall.
Greenpark – Johannesburg – R524 900
Located in Boksburg is serene Greenpark. This Johannesburg-based property is one of the most lucrative investment opportunities on offer in our company.
It is conveniently located near several key amenities on the East Rand which include OR Tambo International Airport, East Rand Mall, and Hoërskool Dr EG Jansen.
However, it is the lifestyle estate itself which is the main attraction.
“The development has an emphasis on the healthy living, making it attractive to the prospective tenants. Also, the beautiful landscaped gardens host onsite jogging, sport fields, and a fully functional 6 star green rated lifestyle centre,” said Booyse.
Greenpark is designed for the future. It is made to accommodate convenience so the modern worker needn’t travel far for essential items.
In addition to the healthy lifestyle features, Greenpark also has its own pizzeria. GRAPHIC: Nicolette Cronje.
“Working from home has never been so convenient with all that the development offers,” Booyse emphasised.
Moreover, even the apartments are designed for a sustainable future. The developer has ensured each apartment is fitted with an eco-friendly waste management system in order to be more environmentally friendly.
As for the apartment itself, each unit is fitted with modern finishes which include stone kitchen counter tops and splashbacks.
Affordability
According to Booyse, an investor with a gross salary of R30 000 will only have to pay a short R200 per month for the first year.
“Greenpark is the perfect investment opportunity for the first-time investor wanting to test the waters in the property investment market,” she said.
According to our financial analysis, the two bedroom, two bathroom apartment, which sells for R929 900, will necessitate a shortfall of R3 per month for the first year on 100% bond financing.
Although this will increase to R260 per month for the second year, the investor will begin to make R171 per month on the third year.
By the fifth year, this investor will be making a surplus of R1 127 per month. Therefore, for property located in the East Rand, these are exceptional returns.
Would you like to invest in Greenpark? You can chat to Lea Booyse today about this opportunity. Click on the link here to start a consultation and secure your financial future. Start with the IGrow group of companies, and start your property portfolio in the growing city of Johannesburg.
