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"'10 Flats in 10 Weeks. About 10 months ago I attended an IGrow Wealth seminar for the first time after a friend convinced me and booked for us. After listening to the speakers' various profound insights I realized that residential property has far more potential than I had initially thought. So began my journey to financial independence through residential property and I started to work on my portfolio with IGrow. After Anél and Pieter did me the honour of introducing me to another market, I quickly racked up about 10 flats in various parts of the country in only about 10 weeks. Today my journey continues on a daily basis, doing commercial and residential property investments and developments on a full time basis. Thank you to IGrow for showing me the way!'" - -Jacques Grové

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New Developments

Montague Place, Maitland

Maitland offers above average and in some cases excellent rental returns. One of the most important drivers of the historic growth in Maitland (capital appreciation and the price of rentals) is the huge demand for rental properties. The main reason for this high rental demand is the close proximity of the area to the city centre and the easy access to many forms of transport, including taxis, trains, busses and access to all the major highways.

Key Features

Expected registration mid 2010
All costs included
VAT transaction, perfect for your trust!
12 month rental guarantee of R3 000 pm - Seller's in-house rental agency will take care of rental and pay the R3 000 over to the owner. (Owner must then settle levy and rates & taxes account)
100% Financing available
Each unit comes with open parking bay
Pre-paid electricity meters
30 meters from Maitland train station
Well established residential area
Closest Amenities:

• Medical centre - 0.38km
• Maitland Police Station - 0.33 km
• Maitland Primary School - 0.46 km
• Shopping centre - 1.92 km

Investment Breakdown

Block:	Montague Place

Address:	Montague Drive, Maitland

Purchase Price:	R390 000 - 1 bed, 1 bath, 32m² R399 000 - Ground floor, 1 bed, 1 bath, 32.44m² + 16m² garden

Expected Rental Income:	R3 000

Monthly Levies	Approx. R500
Monthly Shortfall:	From R1 222.53

Break Even Year:	Year 7

Total Invested up to break even point:	From R57 348.37
Total Worth after break even point:	Up to R855 291.00
Platinum Referral Commission	R1 000

Gold Referral Commission	R500