29 Sep Sectional Title Properties under R2 million

INVEST IN SECTIONAL TITLE PROPERTIES BELOW R2 MILLION

Are you a first-time homebuyer looking to step into the world of real estate or an experienced investor seeking to expand your portfolio without breaking the bank? We have a range of sectional title properties priced below R2 million that offer both affordability and value. 

THE FINANCIAL BREAKDOWN

Let's start with a quick financial snapshot to help you understand the potential of these properties. According to BetterBond, if you were to purchase a home for R2 000 000 at the current interest rate of 11.75% over 20 years, your monthly repayment would be R21 674.

Over the span of two decades, your total repayment would amount to R5 201 794. While this is a substantial investment, property in the thriving Western Cape market has consistently increased in value year after year.

 THE POWER OF A 10% DEPOSIT

Now, let's talk about a game-changer: the 10% deposit.

On a bond of R2 000 000, saving a deposit of R200 000 not only reduces your initial loan amount but also brings down your monthly repayments significantly.

With the deposit in place, your monthly repayment decreases to R19 507, and your total repayment over 20 years drops to R4 681 615. This simple decision can save you a remarkable R520 179 over two decades, equating to a saving of around R2 167 per month.

LISTINGS WORTH INVESTING IN

With these numbers in mind, let's take a look at some of the impressive Greeff Christie's International Real Estate properties available for under R2 million:

SIX ON N, Sea Point – This modern and chic apartment is located in a newly developed building in the heart of Sea Point and offers everything you need for stylish urban living. R1 950 000. View here

Centreville, Zonnebloem - This two-bedroomed, top-floor unit offers breathtaking views of the city and the surrounding mountains, making it the perfect spot for young professionals looking to embrace the Cape Town lifestyle. R1 900 000. View here.

Northdene on Main, Kenilworth Upper - Nestled in the heart of Kenilworth Upper, this delightful two-bedroomed apartment offers an inviting retreat for those seeking comfortable and convenient living. R1 895 000. View here.

Wembley Square, Gardens - This recently renovated, one-bedroom apartment offers a spectacular view of Table Mountain, the CBD and Lion’s Head, and floods with natural light throughout the day, creating a bright and airy indoor atmosphere. R1 900 000. View here.

Cicada, Plumstead - This spacious townhouse offers two bedrooms, and an expansive well-lit lounge and dining room that opens to a lush, exclusive private garden with a covered patio. R1 750 000. View here.

Check your affordability, repayments and more using the BetterBond calculators. Contact us today to start your journey toward homeownership or expanding your real estate portfolio.