Property Partner Programme - Case Studies

Property Description:
The property is situated in an up-market security estate in Joburg's posh northern suburbs with high demand and good capital growth prospects.

Property Description:
165 sq.m, 3 bedroom 2 bathroom cluster. Granite kitchen with open plan lounge/dining room and guest toilet. Large downstairs covered patio, as well as an upstairs patio. Large garden by sectional title standards and double garage. Well cared-for complex with excellent security.

Property Description:
44 sq.m one bed one bath top floor unit in older well-run complex. Situated across the road from the UJ sports fields and backing onto the UJ "dam", a delightful apartment with "loft" charm and neat finishes. Serene view over dam. Student in occupation on a month to-month lease ending December 2010. Her parents from Canada pay her lease, so secure tenant.

Property Description:
650 sq.m house with large home and quality finishes. 4 en-suite bedrooms. With swimming pool. "Palatial design" with double-volume entrance. Master bedroom alone is probably 150 sq.m. Very little accommodation of this standard in the area. Kitchen needs to be redone entirely; removed by previous owner. Requires possibly R350,000 repair work - has to match standard.

Property Description:
79 sq.m, 2 bed 2 bath ground floor unit in very neat estate (possibly neatest estate in this part of Vorna Valley). Good condition. Very good tenant demand.

Property Description:
3 bedroom, 2 bathroom cluster with lovely garden and pool. Situated within an estate in a high-growth area with excellent rental as well as sales demand. Our investor purchased this property with a view towards re-selling at a very good profit. With a 90% bond, his return on equity will be very healthy, thus bolstering his own capital, which he will use as a deposit on his next buy-to-let purchase.

Property Description:
4 bed, 3 bath house in lovely enclosed suburb. Large stand with a pool, cottage and SQ. High demand area; excellent security, walking distance from local private school. Investor strategy is to buy as many properties as possible, back-to-back, and to re-sell at maximum profit. She is gearing at 85%, so ensuring very high returns on equity. Renovation spend - R200,000. Will sell for R1.6m to R1.7m.

Property Description:
3 bed, 2 bath house in a newer sectional title complex close to Northgate Dome. Very well managed complex with excellent security. The property has existing tenants with a good track record. Our investor has retained the tenants and has signed a six-month “probationary” lease, achieving a superb yield – unheard of in these areas. With a bond of 90%, this property is handsomely cashflow positive from day 1. Excellent condition, with no repairs required at all.

Property Description:
3 bed, 2 bath house with small garden and pool. Additional large en-suite guest room upstairs. Centrally situated, two minutes from Pineslopes shopping centre. A R120,000 renovation has transformed it from an average property to a modern home. This is the 4th property for this investor, whose strategy is to buy and sell as quickly as possible. Expect to sell for R2m to R2.1m. Had we not renovated, we would have sold for around R1.7m.

Property Description:
2 bedroom, 1 bathroom upper-floor apartment in established sectional title complex in the ever popular Lonehill. There is an existing tenant in occupation that works in Randburg but chooses to live in Lonehill due to its excellent security record. The apartment is in excellent condition and requires very few repairs. This is the second property we have purchased for our buy-to-let investor in the past 6 months, and with a 90% bond, he is cashflow positive from day 1.

Property Description:
Smallest unit in one of the most fashionable security estates in the suburb. Attractive 2 bed, 2 bath home with large garden. Units in complex selling up to the late R1millions.

Property Description:
1 bed unit in neat but older complex. Great yield for a suburb in Joburg's "golden corridor".

Property Description:
Neat one bed unit in sought-after complex with very strong rental demand. Although the arrears are very high, once paid, this property still delivers an excellent yield, ensuring a strongly cashflow positive investment from day one. Squash court and pool in complex.

Property Description:
Although the garden requires maintenance, this large home adjascent to Dainfern would make for an ideal longer-term buy-to-let investment or a shorter-term profit opportunity by selling-on.

Property Description:
71 s.qm middle floor unit with 2 beds and 2 baths. Popular complex with garden area and pool and centrally located. High rental demand in area. Property in very good condition, with nothing to fix up. Our investor found a tenant within a week of taking possession.

Property Description:
103 s.qm duplex unit with 2 beds, 2 baths and small garden. Older complex with gardens and pool. Good location with high rental demand. Property in very good condition. Investor spent R5,000 painting and establishing a lovely small garden with pond and stepping stones. Our investor found a tenant within a week of completing the upgrade.

Property Description:
84 s.qm top floor unit with 3 beds and 2 baths and spectacular views. Very neat complex. Quiet location with high rental demand. Property in immaculate condition. Investor spent R4,000 painting. Investor about to place on market for rental, 7 days after we have purchased at auction.

Property Description:
3 bed 2 bath house in small complex in quiet suburb close to Sandton. Although the property requires some renovation and a massive clean-up, a very solid longer-term buy-to-let investment.

Property Description:
2 bed 1 bath upper floor uniit. 87 sq.m. 1 parking bay. Nice entry level complex with ample common gardens. Sought after in the area. Unit is vacant. Needs approximately R30,000 to refresh unit. Sold in 2007 for R585,000. Rental range is R4,000 to R4,500 pm.

Property Description:
339 sq.m stand, 3 bed 2 bath cluster. Beautiful home in immaculate, established, leafy "English country" estate in guarded enclave. A wonderful long-term investment in an up-market estate.

Property Description:
3 bed, 2 bath home in popular complex close to the fashionable new Cedar Square. Although this property has not been well maintained and needs some clean-up work, a very good investment, purchased at a substantial discount to market value.

Property Description:
3 bed, 2.5 bath with staff quarters, pool and double garage in a popular up-market estate. Tenant in place with a 2 year lease. Although the complex has some damp issues that would require maintenance, this is a superb buy-to-let investment purchased at a substantial discount, rendering a yiled far in excess of anythign one would normally find in such a sought-after suburb.

Property Description:
4 bed 3 bath home in very good condition in a fashionable security estate. With a tenant in place on a 3 year contract at around R30,000pm, this can only be described as an unbelievable investment.

Property Description:
133 sq.m 3 bed 2 bath unit with small garden. Good demand in estate. Quite high levies and high arrears. Tenant in place. R350,000 gross profit (before transfer costs, fees, holding costs etc.).

Property Description:
108 sq.m 3 bed, 2 bath upstairs unit with balcony and nice view. Neat estate in good area. Flat needs some work (possibly R20,000). Some damp issues in main bedroom from complex roof. Bedrooms with laminate flooring, main bed needs replacing. Tiles in lounge and kitchen. Tenanted.

Property Description:
85 sq.m two bed one bath top floor flat in highly sought-after estate. Lovely complex just down the road from the Colony shopping centre, situated between Jan Smuts and William Nicol Drive. Occupied by tenant . Unit in good condition - no work required. R370,000 gross profit (before fees, transfer costs etc.).

Property Description:
Two bedroom two bathroom “penthouse” unit in sought-after complex. Includes modern finishes, a large lounge/dining area with a balcony. With excellent security, this apartment is very central, close to Randburg CBD and has excellent tenant demand. Unit was rented out within 6 days of YDL having purchased it.