Newcastle Development

KwaZulu-Natal. 2 Bed 1 Bath Apartments From R 538 500

More Information & Enquiry

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The town of Newcastle in Northern KwaZulu-Natal has seen an injection of capital investment over the past several years, with major retail development, the recommencement of key road infrastructure projects and a significant increase in confidence among residential property developers and investors.

Curro has also erected a ‘Meridian’ school, which is already up and running – offering scholars, a private school education at an affordable price. Both schools incorporate a pre-primary phase and offer education from grade 0 to matric.

Property for sale in Newcastle caters to families and retirees who’re looking to enjoy quiet living as well as professionals wanting to make the most of the town’s industrial potential.

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Key Features

Key Features

  • Security estate
  • Kids play park
  • High rental demand
  • Cashflow positive from day 1
  • Right opposite the Curro Meridian School

Investment Summaries

2 Bed 1 Bath – R 538 500

Purchase Price* (minus R 10 000 Deposit): R 528 500
Monthly Bond Repayment @ 9% Prime: R 4 252
Monthly Levies (Included for 12 months): R 973
Monthly Rates & Taxes: R 200
Monthly Rental Income: R 4 000
Monthly Shortfall: R 452
Net Yield: 8.5%

Location Map

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Address

Zomerlust Estate, Second Floor, Cnr Bergrivier Boulevard & Bergsig Avenue, Paarl, Cape Town, 7646

Call / WhatsApp Us

0800 014 943

021 872 0028

Business Hours

 

Monday to Friday 08:00 -17:00

Saturday & Sunday - CLOSED

Public Holidays - CLOSED

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