Southgate > Gauteng > South Africa Property On Offer
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Other Description
SPARROW GATE LIFESTYLE ESTATE
Sparrow Gate Lifestyle Estate is ideally situated in a well established residential suburb of Southgate which is only a stone's throw away from Johannesburg CBD and the greater Gauteng areas. With walking distances from major shopping centres like Southgate Mall and easy access to the M1 & N12 freeways which saves a lot of travelling time and cost.
With the picturesque backdrop of the Klipriviersberg Nature Reserve it is closely situated to Gold Reef City & Casino and even closer to the FNB soccer stadium.
This is why the monthly rental of the units have increased by as much as 13% over the last 6 months (26% per annum), and units available for renting are very scarce. The supply can simply not meet the rental demand. In September 2008 rentals started at R 4 300 per month - almost 1% per month of the initial purchase price.
With state-of-the-art security, open-plan styling and quality finishes, residents can also enjoy the braai & mini soccer field facilities and a 1.5ha park area.
Sparrow Gate is synonymous with style, and is tailor-made for young professionals, students and small families.
Key Features
Registration July / August 2010
All costs included
VAT transaction, perfect for your trust!
Each unit comes with covered parking bay
Pre-paid electricity meters
Mini soccer field
1.5 ha landscaped parks
Best value for money in the South of JHB
Excellent rental service included
Prime locality & access to the Southgate Mall
Easy access onto main highways
24 hr State of the art security
Best rental node in Gauteng
Investment Breakdown
Block: Sparrow Gate Lifestyle Estate
Address: Lark Street, Southgate, JHB
Type: New Development, Sectional Title, Security Estate
Purchase price (2 bed & 1 bath) R530 000.00, 1st & 2nd Floor
Purchase price (2 bed & 1 bath) R575 000.00, Ground Floor
Size: 63m²
Monthly Levies R630 p/m
Expected rental income:
From R4 500.00
RVR: 0.84 ID 6180
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Approximate price of this 0-Bed Other
ZAR530,000 ZAR |
€50,602 EUR |
£40,497 GBP |
US$63,485 USD |
(Currency and Foreign Exchange services supplied by  )
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| Type |
Other |
| Category |
Re-Sale |
| Listed |
over 6 months ago |
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Map of Johannesburg, Gauteng, South Africa
Towns located close to Johannesburg, South Africa
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Similar Properties in or near Johannesburg
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Price: ZAR530,000
Latest Property News in South Africa
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Price of Property in Johannesburg, South Africa
| (All prices in EUR) |
Johannesburg |
Johannesburg |
Johannesburg |
| Apartment/Flat |
485,000 |
51,953 |
485,000 |
14,900,000 |
- |
980,000 |
| Other |
310,000 |
28,500 |
530,000 |
170,000,000 |
430,000 |
2,100,000 |
* Calculations based on 9 properties for sale in Johannesburg and 595 properties for sale in South Africa |
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