From R639,000

Golden Heights - Parow, Cape Town, South Africa

Only 4 Units Left!

Brand new bachelor and 2 bedroom apartments available in Parow Central. Exceptional price for area

INVESTMENT SUMMARY

  • Investment Strategy: Buy-To-Let
  • Property Type: New Residential Sectional Title Apartments
  • Occupation Date: End of 2022
  • Deposit to Secure: R25,000
  • Capital Growth: High capital growth area estimated at 8%/year.
  • Cash Flow: Cash flow positive from day 1 at 100% finance.

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Golden Heights - Parow, Cape Town, South Africa
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Property Details

Option between 1 and 2 beds
Quality finishes throughout
Stylish open plan living
Each unit has own safe
Security access control
​Prepaid electricity
First floor courtyard and play area
<p><i class="fas fa-angle-right" style="font-size: 24px;color: #313052"></i> Option between 1 and 2 beds<br /> <i class="fas fa-angle-right" style="font-size: 24px;color: #313052"></i> Quality finishes throughout<br /> <i class="fas fa-angle-right" style="font-size: 24px;color: #313052"></i> Stylish open plan living<br /> <i class="fas fa-angle-right" style="font-size: 24px;color: #313052"></i> Each unit has own safe<br /> <i class="fas fa-angle-right" style="font-size: 24px;color: #313052"></i> Security access control<br /> ​Prepaid electricity<br /> <i class="fas fa-angle-right" style="font-size: 24px;color: #313052"></i> First floor courtyard and play area</p>
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Financial Analysis​

Purchase Price: R639,000

Rental Income: R5,500/month

Bond Repayment: R4,468/month (@ 7,5%)

Levies: R646

Rates and Taxes: R60/month

Cash Flow Surplus Year 1: R477/month
Cash Flow Surplus Year 2: R207/month
Cash Flow Surplus Year 3: R614/month
<p><span class="elementor-icon-list-text"><b>Purchase Price:</b> R639,000</span></p> <p><span class="elementor-icon-list-text"><b>Rental Income:</b> R5,500/month</span></p> <p><span class="elementor-icon-list-text"><b>Bond Repayment:</b> R4,468/month (@ 7,5%)</span></p> <p><span class="elementor-icon-list-text"><b>Levies:</b> R646</span></p> <p><span class="elementor-icon-list-text"><b>Rates and Taxes:</b> R60/month</span></p> <p><strong>Cash Flow Surplus Year 1:</strong> R477/month<br /> <strong>Cash Flow Surplus Year 2:</strong> R207/month<br /> <strong>Cash Flow Surplus Year 3:</strong> R614/month</p>
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Why invest?

  • Low investment price (only R18,000/month in income needed to qualify for a home loan).
    ​Only start paying your bond early 2022 while receiving capital growth from day 1 (on contract signing).
    ​In the heart of Parow with a buzzing tenant market, but no high-end properties available to buy or rent, ensuring a
    high rental demand.
    Limited number units in the development ensures exclusivity.
    ​Lower levies than usual for similar properties resulting in an increased monthly cash flow.
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Location Location Location

With limited available land and an expanding population in Cape Town, the fast merging industrial, commercial, and residential nodes in the surrounding areas is a growing trend. However, growth cannot keep up with demand, making these areas an exceptional investment hotspot and the reason why opportunities like these are sought after for seasoned property investors.

Proximity

  • ​Tygerberg Hospital: 665m
    ​Parow Shopping Centre: 1.06km
    ​Tygerberg Train Station : 891m
    Parow CBD: 186m
    Parow High School: 1.54km
    Northlink College: 1.98km
    ​Parow Police Station: 1.49km
    ​Cape Town Int. Airport: 7.10km
  • The Area

During a great storm in Table Bay in 1865, nineteen ships were stranded. Amongst the many schooners was the Kehrwieder, the ship of Captain Johann Heinrich Ferdinand Parow (not “Sparrow). After being stranded, Captain Parow settled down in the Cape of Good Hope and married Johanna Wilhelmina Timmerman, the daughter of the family that helped Captain Parow after being stranded on the Cape coast.

Parow quickly realised the potential value of the Tyger Valley area north of Cape Town and that the area held great opportunities for cattle trade. Captain Parow soon moved inland to this area and started selling ground in the area which is today known as Parow, which built up a great deal of wealth for the Captain.

Captain Parow’s telescope is in the Town Hall of Parow.

The Voortrekker Road Corridor Improvement district stretching from Woodstock to Bellville was recently formed to improve the safety, appearance, and identity of the area in exchange for a levy contributed by local property owners. The area is receiving more attention from investors due to the City of Cape Town investing R170 million in the area’s infrastructure.

Golden Heights is conveniently situated within walking distance of Parow Centre, the University of South Africa, and many more amenities.

  • Area Statistics
Statistics are provided by TPN Credit Bureau
 
  • Area tenant profile
  • Property Details
  • The Site

There are 51 units and 2 different unit types to select from.

  • Bachelor | R639,000
    ​31,3 sqm in size.
    High Quality finishes.
    ​​Stylish open plan living.
    ​Each unit has own safe.
    ​Prepaid electricity.

     

     

     

     

     

    2-BED 1-BATH | R858,790
    55 sqm in size.
    High quality finishes
    Stylish open plan living.
    ​Each unit has own safe.
    ​Prepaid electricity.
  • The Units
There are 51 units and 2 different unit types to select from.

Value Adding Features

  • Bachelor | R639,000
    ​31,3 sqm in size.
    High Quality finishes.
    ​​Stylish open plan living.
    ​ Each unit has own safe.
    ​Prepaid electricity.

    2-BED 1-BATH | R858,790
    55 sqm in size.
    High quality finishes
    Stylish open plan living.
    ​Each unit has own safe.
    ​Prepaid electricity.
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Financial Analytics

  • Cash Flow Forecast