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R794,300

Monthly Bond Repayment R7,534.07
Calculated over 20 years at 9.75% with no deposit. Change Assumptions

Calculate Affordability | Calculate Bond & Transfer Costs

Monthly Rates
R245
Sectional Title Levy
R700
The Glen

ALL BOND AND TRANSFER FEES INCLUDED! BUY DIRECT

Prime investment in Bellville, Cape Town

1 & 2 BEDROOM APARTMENTS IN A GREAT LOCATION
We're excited to announce that building has started on The Glen. The development is located on the corner of Peter Barlow and Bester Roads in Glenhaven, and measures 7,4 hectares. This integrated housing project will provide affordable mixed-tenure housing opportunities in very close proximity to public transport, opportunities of employment, and public amenities like schools, state hospitals and public libraries. It is also close to great tertiary education institutes, being only 1,2km from both UWC and the CPUT Bellville Campus, making this ideal for families and students.

Invest early and benefit from the highest capital growth and return on investment with below market value prices.

ESTATE BENEFITS
Why invest in The Glen
The Glen was built in answer to the huge demand for sectional title properties in this area of Bellville, as the majority of dwellings here are free-standing houses.
Before The Glen was built, a mere 10% of properties in Glenhaven were sectional title apartments and townhouses, despite the demand created by virtue of the tertiary education and work opportunities in close proximity. Bellville, being one of the oldest and most established areas in Cape Town, also has very few properties available for rent in the area as most of the homes are owned.

Prior to the Glen being built only 18% of the properties here formed the rental stock - a further indication of the dire need for rental apartments. This demand is proven, as the portion of the Glen development that has since been let is already full.

TRENDY LIFESTYLE ESTATE

Mixed-tenure housing development
Prices start at a mere R576 300 - unmatched in this area - which makes this development ideal to add to your property portfolio.

There is a huge backlog of affordable housing, especially located near opportunities of education, employment, transport and amenities. The Glen is close to the Bellville CBD and Sacks Circle, as well as public amenities such as schools, state hospitals and public libraries.

Jean-Pierre Nortier, Development Director of Devmark Property Group says: The development will establish new standards for housing by delivering on quality and amenities and by doing so on scale. It will be ideal for young couples as well as families looking for secure, well designed and built accommodation in a great location.

THE GLEN FEATURES:

Apartment blocks built to form natural atrium in centre, including greenery
Secure complex with electric fencing, and biometric access
Fibre installed to all units
Built-in cupboards in bedrooms and kitchen
Kitchen has granite countertops
Washing machine/dishwasher point in kitchen
Tiled throughout
Clever site design with natural lighting
Close to job opportunities
On public transport routes
Great tertiary education within 5km (CPUT and UWC)

Investment Benefits
Nett ROI up to 8.44%, incl Rental Assist
Prices below market value
Transfer and bond fees included*
Rental income projected from R4 800 to R6 500 (excl Rental Assist) per month
Benefit from a 55% deduction through Section 13sex tax rebates
Up to 100% bond financing available
Tenant vetting and placement assistance through IGrow Rentals
UWC and CPUT within 5km
Occupation from end-2020
High rental demand - need for affordable housing close to tertiary education
Secure complex - biometric access at all gates
Ample parking
IGrow Wealth Plan & IGrow Property Investor Software FREE for the first 3 months when purchasing in The Glen.**

Features

2
1
Interior
Bedrooms
2
Bathrooms
1
Kitchens
1
Reception Rooms
1.5
Exterior
Carports / Parkings
1
Security
Yes
Views
Yes
Sizes
Floor Size
47m²
 
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Disclaimer: While every effort will be made to ensure that the information contained within the Igrow Group website is accurate and up to date, Igrow Group makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.

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Transfer Costs

Natural Persons Legal Persons
Transfer Fees
Deeds Office Levy
Transfer Duty
Postage and Petties:
Rates/Levy Clearance
Pro-Rata Rates/Levies
Deeds Office Search
Electronic Document Preparation
Vat @ 15%
TOTAL:
Please note: Most banks charge an administration and initiation fee.
Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.

Bond Costs

  Natural Persons
Fees
Deeds Office Levy
Postage and Petties
Bank Electronic Connection Fee
Electronic Document Preparation
Vat 15%
TOTAL:
GRAND TOTAL:

Income

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Expenses

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%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

R
%

Monthly Payment

7,534.07

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