NEW
SOLE MANDATE
Web Ref RL8412
R1,799,000
Monthly Bond Repayment R17,659.76
Calculated over 20 years at 10.25% with no deposit.
Change Assumptions
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Monthly Levy
R1,832
R1,832
Monthly Rates
R778
R778
Well Maintained 2 Bedroom Apartment in Sought After Chestnut Grove, Wynberg Upper
Situated in Chestnut Grove complex in Wynberg Upper, this well maintained 2 bedroom apartment offers comfortable living in a convenient and highly desirable location.
Both bedrooms feature built in cupboards, while the spacious bathroom includes a shower, bath, basin, and toilet. The kitchen is spacious and fitted with beautiful black granite countertops, two outlet points for appliances, as well as ample cupboard and shelving space, making it both practical and stylish.
The kitchen flows seamlessly into a bright and spacious lounge area, which opens onto a small private balcony, perfect for enjoying your morning coffee or fresh air. The apartment is carpeted throughout, with tiled finishes in the kitchen and bathroom areas.
Residents of the complex enjoy access to excellent communal amenities, including a swimming pool, washing line area, and dedicated recycling and bin room.
Ideally positioned with easy access to the M3 and M5 highways, the property is close to leading schools such as Springfield Convent School, Wynberg Girls' High School, and Wynberg Boys' High School. You’ll also be just minutes away from the charming cafés and boutiques of Chelsea Village, including the popular Four & Twenty Café.
The property is currently tenanted until 1 April 2027, with a current monthly rental income of R11,904, making this an excellent investment opportunity. The apartment offers an expected gross rental yield of 7.94%, which is highly competitive and aligns well within the healthy 7% to 9% average market benchmark for South African residential property.
This apartment is an excellent opportunity for first time buyers, professionals, or investors looking for a secure and conveniently located home in the Southern Suburbs.
Contact me, your dedicated Sales Agent in Wynberg Upper to arrange a viewing!
Both bedrooms feature built in cupboards, while the spacious bathroom includes a shower, bath, basin, and toilet. The kitchen is spacious and fitted with beautiful black granite countertops, two outlet points for appliances, as well as ample cupboard and shelving space, making it both practical and stylish.
The kitchen flows seamlessly into a bright and spacious lounge area, which opens onto a small private balcony, perfect for enjoying your morning coffee or fresh air. The apartment is carpeted throughout, with tiled finishes in the kitchen and bathroom areas.
Residents of the complex enjoy access to excellent communal amenities, including a swimming pool, washing line area, and dedicated recycling and bin room.
Ideally positioned with easy access to the M3 and M5 highways, the property is close to leading schools such as Springfield Convent School, Wynberg Girls' High School, and Wynberg Boys' High School. You’ll also be just minutes away from the charming cafés and boutiques of Chelsea Village, including the popular Four & Twenty Café.
The property is currently tenanted until 1 April 2027, with a current monthly rental income of R11,904, making this an excellent investment opportunity. The apartment offers an expected gross rental yield of 7.94%, which is highly competitive and aligns well within the healthy 7% to 9% average market benchmark for South African residential property.
This apartment is an excellent opportunity for first time buyers, professionals, or investors looking for a secure and conveniently located home in the Southern Suburbs.
Contact me, your dedicated Sales Agent in Wynberg Upper to arrange a viewing!
Features
Pets Allowed
Yes
Interior
Bedrooms
2
Bathrooms
1
Kitchen
1
Reception Rooms
1
Furnished
No
Exterior
Security
Yes
Parkings
1
Pool
Yes
Scenery/Views
Yes
Sizes
Floor Size
64m²
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