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R730,000

Monthly Bond Repayment R7,044.66
Calculated over 20 years at 10% with no deposit. Change Assumptions

Calculate Affordability | Calculate Bond & Transfer Costs

Monthly Levy
R800
Monthly Rates
R300
Sydney Park Boksburg

Spacious 2 bedroom apartments seling from R690 000 - all bond and transfer fees included

These modern apartments display innovative layouts and quality finishes, such as aluminium windows and granite kitchen countertops. The development's design provides apartments which will remain stylish and sustainable for years to come, combining low maintenance features such as face brick elements on exterior and interior walls. Residents will enjoy a secure environment and have quick access to all major routes, business districts, shopping malls and recreational facilities.

Boksburg is a rapidly expanding city on the East Rand of Gauteng, featuring security estates, great amenities and distinguished schools, providing an excellent opportunity for first-time or seasoned investors. As a burgeoning area, buyers are still able to purchase spacious yet affordable properties with exceptional return on investment - a rare find. Investors will enjoy a high rental demand and can expect up to 10.8% gross yields and additional Rental Assist when purchasing in phase 1.

MASSIVE TAX INCENTIVE FOR INVESTORS

Section 13sex of the Income Tax Act applies where 55% or more of the purchase price can be used as a deduction against the investor's income for tax purposes when purchasing five or more properties.

Purchase five properties and enjoy 20 years of tax deductions through Section 13sex.


INVESTMENT BENEFITS

Return on investment up to 10.8% (excluding Rental Assist)
3-year IGrow Rental Assist to the value of R36 000
Transfer and bond fees included*
Rental income projected from R6 000 p/m plus R1 000 Rental Assist
Up to 100% bond financing available
Neighbourhood with well-designed infrastructure and transport routes
Close to a variety of excellent schools
Plenty of recreational amenities surrounding the area
Strong rental demand for apartments in this neighbourhood

Features

2
1
Interior
Bedrooms
2
Bathrooms
1
Kitchens
1
Reception Rooms
1
Exterior
Carports / Parkings
1
Security
Yes
Views
Yes
Sizes
Floor Size
67m²
 
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Disclaimer: While every effort will be made to ensure that the information contained within the Igrow Wealth Investments website is accurate and up to date, Igrow Wealth Investments 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

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%

Monthly Payment

7,044.66

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