Amberfield City in Centurion, much like Waterfall City and Steyn City, is growing and developing at a rapid rate.
The Madison @ Amberfield City is a brand new upmarket security estate which is the second security estate in the greater Amberfield City development. Amberfield City is a 10 to 12-year project which ensures guaranteed growth and includes a private school (Amberfield College) that has been operational since January 2019. The estate is perfect for couples and young families. It is pet-friendly and boasts modern designs with upmarket finishes and energy-saving elements such as PV thermal solar geysers, energy-saving lighting, roof insulation, and aluminum windows.
Launched in May 2019 the estate will consist of 365 units with a combination of 2-bedroom apartments as well as free-standing simplex and duplex houses. The occupation will start from November 2019.
|Unit Type||Size m²||Purchase Price||Expected Rental pm (gross, 6% p/a esc)||Gross Rental Return (excl capital growth)||Monthly Levies @ 14p/m2 (5% p/a esc.)||Estimated Rates pm||Net Rental Income pm||Net Rental Return (excl capital growth)||Projected Capital Growth (at 7% p/a)||Total Return On Investment (capital growth + net rental income p/a)|
|2 Bed 1 Bath + Balcony apartment||60||R885,000||R7,500||10.17%||R840||R730||R5,930||8.0%||R946,950||7%||R133,112||15.0%|
|3 Bed 2 Bath 2 Carport Duplex||110||R1,535,000||R12,500||9.77%||R1,540||R1,300||R9,660||7.6%||R1,642,450||7%||R223,370||14.6%|
|3 Bed 2 Bath 1 Garage + Carport Duplex||134||R1,635,000||R13,500||9.91%||R1,876||R1,400||R10,224||7.5%||R1,749,450||7%||R237,138||14.5%|
|3 Bed 2 Bath 2 Garage Simplex||154||R2,095,000||R15,500||8.88%||R2,156||R1,800||R11,544||6.6%||R2,241,650||7%||R285,178||13.6%|
Amberfield City is a highly sought-after area for tenants. This development is centrally located with easy access to major routes and workplaces. It is also close to Amberfield College, other schools, shops and more. The high rental demand in this area means your investment property will be easily and fully tenanted.
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