St John's, Maitland - Cape Town | IGrow Wealth Investments South Africa

St John's, Maitland - Cape Town

UDZ Incentive!
Transfer fees Included!

URBAN DEVELOPMENT ZONE - MAJOR TAX INCENTIVES FOR INVESTORS!

WRITE OFF 55% OF YOUR PURCHASE PRICE AGAINST TAXABLE INCOME OVER A PERIOD OF 11 YEARS
Year 1 - 20% l Year 2 to Year 11 - 8%

St John's Place, situated on Coronation Road in Maitland, is a sectional title, security complex which offers you the ideal opportunity to start or expand your investment portfolio! It offers a variety of different unit options ranging from bachelor units to units with lofts.

Download PDF Brochure [803kb]

Key Features

Enclosed development with access control
Allocated parking bay
Granite kitchen tops
Cupboards in kitchen
Oven and hob included
Built-in cupboards in bedroom/s
Bathroom with shower
All floor areas to be tiled
Pre-paid electricity (Code pad for purchasers account)

Investment Breakdown

Development name:	St. John's Place
Address:	Coronation Road, Maitland, Cape Town
Description:	1 Bedroom, 1 Bathroom from 36m² - 42m² 2 Bedroom, 1 Bathroom from 49m²
Deposit	R5 000 deposit secures unit

Transaction Costs: Transfer fees and bond registration costs for seller’s account
Gold Referral Commission: R500
Platinum Referral Commission: R1 000
Capital Growth: Calculated at 8% per annum

Investment Analysis | 100% Financing

Description	Unit m²	Balcony m²	Expected Rental	RVR	Purchase Price	Monthly Bond Repayments @ prime over 30 years	Monthly Shortfall	Break-even Year	Total Invested up to Break-even year	Total Worth at Break-even year
1bed, 1 bath	36		R 3,300	0.83	R 399,990	R 3,218.41	R 878.41	6	R 28,370.45	R 634,733.86
1bed, 1 bath	36		R 3,300	0.77	R 430,990	R 3,467.84	R 1,127.84	7	R 43,691.81	R 634,733.86
1bed, 1 bath	37		R 3,300	0.75	R 439,990	R 3,540.26	R 1,200.26	7	R 48,905.76	R 754,065.54
1bed, 1 bath	38		R 3,300	0.72	R 458,990	R 3,693.14	R 1,353.14	7	R 59,913.00	R 786,628.20
1bed, 1 bath	39		R 3,300	0.71	R 467,990	R 3,765.55	R 1,425.55	8	R 65,754.17	R 866,216.83
1 bed, 1 bath	39		R 3,300	0.70	R 469,990	R 3,781.65	R 1,441.65	8	R 67,918.69	R 869,918.69
1 bed, 1 bath	40		R 3,300	0.69	R 479,990	R 3,862.11	R 1,522.11	8	R 73,864.76	R 888,427.99
1 bed, 1 bath	42		R 3,300	0.66	R 499,990	R 4,023.03	R 1,683.03	9	R 87,534.63	R 999,482.32
1 bed, 1 bath	45	5	R 3,900	0.68	R 569,990	R 4,586.27	R 1,776.27	8	R 84,369.62	R 1,055,011.71
2 bed, 1 bath	49		R 3,900	0.67	R 579,990	R 4,666.73	R 1,856.73	8	R 91,128.45	R 1,073,521.01

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Investment Analysis | 90% Financing

Description	Unit m²	Balcony m²	Expected Rental	RVR	Purchase Price	Monthly Bond Repayments @ prime over 30 years	Monthly Shortfall	Break-even Year	Total Invested up to Break-even year	Total Worth at Break-even year
1bed, 1 bath	36		R 3,300	0.83	R 399,990	R 2,896.64	R 556.64	4	R 53,110.18	R 544,181.98
1bed, 1 bath	36		R 3,300	0.77	R 430,990	R 3,121.06	R 781.06	5	R 66,378.19	R 633,265.71
1bed, 1 bath	37		R 3,300	0.75	R 439,990	R 3,186.32	R 846.23	6	R 70,438.83	R 698,208.83
1bed, 1 bath	38		R 3,300	0.72	R 458,990	R 3,323.82	R 983.82	6	R 80,594.26	R 728,359.45
1bed, 1 bath	39		R 3,300	0.71	R 467,990	R 3,389.00	R 1,049.00	6	R 85,641.31	R 742,641.31
1 bed, 1 bath	39		R 3,300	0.70	R 469,990	R 3,403.48	R 1,063.48	6	R 86,473.72	R 745,815.06
1 bed, 1 bath	40		R 3,300	0.69	R 479,990	R 3,475.90	R 1,135.90	7	R 92,270.72	R 822,618.51
1 bed, 1 bath	42		R 3,300	0.66	R 499,990	R 3,620.73	R 1,280.73	7	R 104,698.63	R 856,895.00
1 bed, 1 bath	45	5	R 3,900	0.68	R 569,990	R 4,127.64	R 1,317.64	6	R 106,835.71	R 904,502.50
2 bed, 1 bath	49		R 3,900	0.67	R 579,990	R 4,200.06	R 1,390.06	7	R 113,035.62	R 994,000.94