Investment opportunity for first-time buyers
THE OFFICIAL launch of the Avenues in Grassy Park will take place this weekend.
RE/MAX Ultra Select is marketing Take Shape Property Services’ off-plan sectional title development where flats are priced for investors and first-time homebuyers.
Mark Brickles, broker / owner of RE/MAX Ultra Select, says this development will consist of 66 two-bedroom units measuring between 55m and 70m2 and priced from R385 000 to R432 000. The more expensive flats have private gardens.
Comparatively, Brickles says a 30m bachelor flat in the area would usually sell for about R385 000. A three-bedroom home, on the other hand, would sell for about R700 000.
“The Avenues is a secure development offering buyers fitted kitchens, a choice of finishes and individual parking bays. The pricing is especially attractive for first-time buyers as their bond repayments would not be much higher than current rentals,” says Brickles.
He said the average rentals would be between R3 200 and R3 500 a month and a bond repayment on a R385 000 flat would cost about R3 800 .
The Avenues is centrally situated on the bus and taxi routes, with the M5 easily accessible.
OFF-PLAN: An artist’s impression of The Avenues, a sectional title development to be launched in Grassy Park this weekend.