Invest From From Only R695,750

Golden Heights - Parow, Cape Town, South Africa

Pre-launch to Empire Wealth clients only with a R12,000 cash back!

Limited number of brand new bachelor and 2 bedroom apartments available in Parow Central. Exceptional price for area and cash flow positive from day 1!

INVESTMENT SUMMARY

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

Location

Golden Heights - Parow, Cape Town, South Africa

Learn More

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
Learn More

Financial Analysis

  • Purchase Price: From Only R695,750
  • Rental Income: R5,500/month
  • Bond Repayment: R4,629/month (@ 7%)
  • Levies: Levy assist for first 2 years
  • Rates and Taxes: R60/month

  • Cash Flow Surplus Year 1: R170/month
    Cash Flow Surplus Year 2: R546/month
    Cash Flow Surplus Year 3: R453/month
Learn More

Why Invest In This Property?

  • 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).
    ​I 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.
Buy Now

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
 

Household Age

Property Types Percentage

Property Size by Rooms

Sectional Title Transactions and Price Growth

  • Area Tenant Profile
  • Property Details
  • The Site
Developed over two phases, the complex comprises of 210 sectional title units, with 191 units sold to date and only 19 units available
 

  • Bachelor | R695,750
    ​38 sqm in size.
    High Quality finishes.
    ​​Stylish open plan living.
    ​ Each unit has own safe.
    ​Prepaid electricity.

    2-BED 1-BATH | R879,750
    57 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 | R695,750
    ​38 sqm in size.
    High Quality finishes.
    ​​Stylish open plan living.
    ​ Each unit has own safe.
    ​Prepaid electricity.

    2-BED 1-BATH | R879,750
    57 sqm in size.
    High quality finishes
    Stylish open plan living.
    ​ Each unit has own safe.
    ​Prepaid electricity.
Buy Now

Financial Analysis

  • Cash Flow Forecast
  • Gross Rental Yield Trends in the area

Disclaimer

The information on this website are provided in good faith and while every care has been taken in preparing the accuracy of the information, Empire Wealth makes no representations and gives no warranties of whatever nature in respect of the information, including but not limited to the accuracy or completeness of any information, facts and/or opinions. The User is encouraged to perform his own research and assumes all responsibility and risk for the use of the information and other material provided.
 

When is this Property Cash Flow Positive?

Deposit Needed at List Price

R25,000

Purchase Price at 100% finance

R695,750

Buy Now