Seize these new investment opportunities at the Hub in Woodstock and Alphen Glen in Wynberg
Investing in new developments, particularly apartments, can be an incredibly profitable opportunity - one that the Seeff Property Group highly recommends. The Hub in Woodstock and Alphen Glen in Wynberg present fantastic opportunities for buyers and property investors. These new apartment developments are not only pet-friendly, but also boast the latest modern conveniences, high-speed fiber internet, and top-of-the-line security.
Benefits of Investing in New Apartment Developments
A significant benefit of investing in new apartment developments is that they are usually already situated in a desirable location, researched and carefully considered by the developers. Another benefit is that you could pay off your investment gradually through the rental income generated by the property.
Additional benefits of investing in new apartment developments include the following:
- Often, no significant upfront investment cost is required and you can finance your investment through a mortgage loan.
- Property appreciation over time, resulting in a substantial and valuable asset.
- Close to a wide range of amenities, such as shopping centres, restaurants, and recreational facilities.
- Easy access to transportation options, including major roads, highways, and public transportation.
- Properties may be situated near universities and colleges, making them an appealing option for families or students who require access to educational facilities.
New Apartment Development: The Hub, Woodstock
Chad Belcher, a Property Practitioner with Seeff Southern Suburbs, describes The Hub in Woodstock as one of the most fashionable new complexes in the area. This new apartment development features a variety of apartments, including studios and one- and two-bedroom units, all equipped with modern amenities, secure parking, and high-speed fiber connectivity.
Additional benefits of this new apartment development include the following:
- The apartments are pet and bicycle-friendly.
- The complex is located near the MyCiti bus network to make your commute convenient. The Hub's prime location in an up-and-coming area offers more accessible price points compared to nearby Central Business District and Atlantic Seaboard areas, yet is just a few minutes away.
- The rooftop gym with a running track provides stunning panoramic views of the Mother City.
- The development is priced exceptionally well, ranging from R915,000 to R1.46 million, with no upfront investment or deposit required.
- This new apartment development offers a pre-existing rental revenue stream with pre-vetted tenants, lease agreements, and a net yield of approximately 7%.
New Apartment Development: Alphen Glen, Wynberg
Alphen Glen, located on the border of Constantia, is an attractive choice for those who appreciate the finer things in life. It presents the ideal investment opportunity with above-average rental returns, shares Stephan Cross, the manager of Seeff Hout Bay.
The development offers one and two-bedroom units, with a limited number of three-bedroom units and grand penthouses with expansive terraces. It is perfect for families or individuals seeking a generous amount of space.
Alphen Glen is nestled in a wind-sheltered area and offers:
- 24-hour security with access control and secure parking.
- Luxurious foyer and concierge service.
- Landscaped atrium with seating and Wi-Fi.
Prices range from R1.595 million for one bedroom to R5.2 million for the penthouses. Rental yields range from 6.8% to 9% on a one-bedroom unit, which could potentially increase over a six-year period.
Based on a projected rental escalation of 8% per annum over the next six years, a standard one-bedroom unit with one bathroom and a parking bay and around 47 sqm, which is priced between R1.595 million and R1.925 million (with no transfer duty payable), could yield a monthly rental of R11,000 to R12,000.
This could potentially increase the investor's rental yield from 7.9% in year one to 12.12% in year six.
If you're looking for a lucrative investment opportunity, consider investing in new apartment developments such as The Hub in Woodstock and Alphen Glen in Wynberg. With excellent rental yields and many more attractive benefits, these developments are hard to resist for tenants and investors alike.
Contact the Seeff Property Group today to learn more about these great investment opportunities.
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