13.33 Gross Yield | Tenanted 2-Bed Investment | Ferndale
Victoria Lofts, Unit 2 R630,000
Only serious investors and first-time buyers need apply. This isn''t a property that needs selling it''s already performing. A reliable tenant pays R7,000 per month and wants to sign a longer-term lease with the right owner. Your job is simply to decide whether 13.33 gross yield belongs in your portfolio.
The Investment Case
The numbers speak first:
Asking price: R630,000
Monthly rental income: R7,000 tenant in situ, month-to-month
Gross annual yield: 13.33
Net annual yield: 10.50 after rates, levies, and body corporate charges
Monthly landlord costs: R1,485.58 levies, CSOS, common area electricity, and property rates water, electricity, sewerage, and refuse are tenant expenses
Net monthly cash flow: R5,514.42
At current bond rates, this unit services its own debt and still puts money in your pocket. That''s not projection that''s what it''s doing right now, today.
The Property
A well-positioned upper-level 2-bedroom apartment in the heart of Ferndale. Two bedrooms with built-in cupboards. Fully tiled throughout. Full bathroom with shower, bath, basin, and toilet. Spacious lounge flowing onto a balcony. Open-plan kitchen with good cupboard space, solid countertops, and washing machine connection.
The main bedroom catches natural light from the road-facing aspect bright, airy, liveable.
The Location
Ferndale is central by design. Walking distance to shops, schools, and restaurants. Directly on bus and taxi routes. Quick access to major arterials. The kind of location tenants search for first which is exactly why this unit has never struggled to attract occupants.
The Complex
Victoria Lofts offers what tenants value most security and convenience. Electric fence and gate, guard house with on-site security, fully enclosed perimeter. Undercover parking and visitor bays. Communal swimming pool. A quiet, contained environment that tenants stay in.
Why This Matters Right Now
Properties yielding above 10 net in established Johannesburg suburbs don''t stay available. The tenant is actively seeking a longer-term lease commitment meaning your income is secured from day one with a path to even greater certainty. Every month this unit sits unsold is R5,500 in cash flow someone else isn''t collecting.
Acquisition Cost Breakdown
Purchase Price: R 630000
Transfer Costs estimated: R 27900
Bond Registration Costs estimated: R 27978
Total Acquisition Cost approximate: R 685 878
Finance pre-approval available through BetterBond we''ll connect you directly to streamline the process and get you to transfer faster.
Estimated Operating Cost Summary Monthly
BC Levies R 999.10 landlord cost
CSOS levy R 9.98 landlord cost
Common Area Electricity landlord cost R 100.28
Property Rates andamp Taxes landlord cost R 376.22
Approximate Total Landlord Costs: R 1485.58
Approximate Tenant Apportionable Charges Monthly
Water R 627.90
Sewerage R 802.39
Electricity prepaid
Refuse R 215.05
This is a performing asset with a willing tenant and verified financials. Viewings are by appointment only.
PARKVILLE PROPERTIES PTY LTD trading as REMAX Advantage Rosebank operates in terms of a franchise agreement with REMAX of Southern Africa.