Real estate investing picks for July – Greenlee and Kierland Skye
In this new series we will put our property investment experts to the test. Therefore, based on reader information, they will recommend the ideal investment opportunity from our current developments.
Everyone’s real estate investment journey has to start somewhere. Some real estate investors can afford to purchase high capital growth assets with greater monthly shortfalls, while others are required to be more conservative.
This month, we’ll see how a first time property owner could invest with IGrow. For this article, we’ve assumed this purchaser is 25 years of age, earns a gross salary of R25 000 per month, and wants to be cash positive from day one.
Greenlee – R609 900
IGrow’s senior property investment strategists Lea Booyse and Jessica van Dyk recommend a studio or one-bedroom apartment in Greenlee for this month’s picks.
Located in Linbro Park, Johannesburg, this development is promising investors gross rental yields up to 10.73% and rental income from R5 500 per month.
“[The] Rentals are projected on what’s currently received in the development. So figures are accurate and not just a projection,” Van Dyk indicates.
Greenlee has unique development features, including onsite jogging tracks, sports fields, a fully functional 6 Star Green Rated Lifestyle Centre, and a pizzeria. GRAPHIC: Nicolette Cronje.
In addition, this development also promises a very small shortfall.
“It’s all cost included. You really need an R10 000 reservation deposit to secure,” she states.
However, both Van Dyk and Booyese agree that this real estate investor will use Greenlee as a strategy to purchase their next property.
“Should the client’s income increase over the next few years, we can leverage the rental income and look at buying property number two,” Booyse explains.
Kierland Skye – R817 000
Conversely, Werner Scheffer, project development co-ordinator at IGrow, believes Kierland Skye would also be an ideal pick for such an investor.
“The greater area is going to experience tremendous demand in years to come. This, in turn, will put upward pressure on property prices, leading to capital growth,” says Scheffer.
The area he refers to is the Ekurhuleni Aerotropolis, which aims to bring significant job creation, according to its website.
The Ekurhuleni Aerotropolis hosts OR Tambo International Airport and a number of other commercial hubs in the area. Moreover, many believe it is poised to be a hub of future economic activity. VIDEO: YouTube/ City of Ekurhuleni.
Furthermore, in the surrounding vicinity, residents can make use of commercial, educational, and recreational facilities. These include Benoni Learning Centre and Brentwood Mall.
“The area offers an array of amenities and easy access to major freeways,” reiterates Scheffer.
Moreover, he highlights that this development, designed by an award-winning developer, is ideal for the modern family.
“It is an ideally located, family orientated estate. Such lifestyle amenities include an enclosed pool, clubhouse, and braai facilities,” he concludes.
Looking to make an investment in real estate?
Are you looking to invest in real estate? Start your journey today with IGrow. We’ve helped thousands of people reach financial independence through investing in real estate. So why can’t we do the same for you? Click here to get started.
