Misty Hills, Bronkhorstspruit
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About Misty Hills Country Estate
Misty Hills Country Estate is a new development in Bronkhorstpruit that will particularly appeal to property investors, for a variety of
reasons:
- 184 Sectional Title Units available;
- All units are fully furnished or option of R15,000 cash back
- Estimated completion August 2009;
- Only R3,500 deposit is required;
- Pre paid electrical meters supplied to all units;
- Centralised TV system;
- Shaded parking bays allocated to each unit;
- Motorised front gate with Telkom operated intercom system;
- Bond & transfer registration costs included in the price;
In spite of the low prices, buyers get amazing value for money: the properties are built to a high
specification and include formica counter tops, oven and hob included. A wide range of optional extras is also available.
Bronkhorstspruit is likely to experience a housing shortage once the construction of the power station (called the Project Bravo) started in April 2008 and other projects begins due to the influx of construction workers, engineers and artisans, followed by the permanent staff of the new developments. Just one of the contractors who has mandated a rental agent to find them long term rentals for a staff compliment that will reach over 1000 people of which 150 is management in the next 12 months. At the same time, those who have bought wisely now will stand to reap big rewards.
In the last 6 months the expected rentals for units in Bronkhorstspruit have escalated from R2800 to R3300. We see future escalations from this point, as the demand for rental stock outstripping the supply.
Misty Hills Country Estate offers residents a clubhouse, swimming pool, tennis courts, cricket nets, skate-park, creche,
private school, laundromat, 15,000m2 shopping facilities and more. The complex is secured by a 2.1 meter perimeter wall with electric fencing and a 24-hour manned
guardhouse with patrols.
A projected estimate of the monthly cash-flow is as follows:
Purchase Price Batchelor : R 299,000
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Bond Repayment (30 yrs@14.5%) : -R 3,480 pm
Less: Estimated Levies : -R 200 pm
Plus: Expected Rental Income : R 2,200 pm
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Nett Monthly Cash-Flow : -R 1,480 pm
Purchase Price 2 Bedroom : R 385,000
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Bond Repayment (30 yrs@14.5%) : -R 4,650 pm
Less: Estimated Levies : -R 250 pm
Plus: Expected Rental Income : R 3,000 pm
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Nett Monthly Cash-Flow : -R 1,900 pm
Maps
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Artists Impressions
Plans
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