Misty Hills, Bronkhorstspruit
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About Misty Hills Country Estate
Misty Hills Country Estate is a new development in Bronkhorstpruit that will particularly appeal to property investors, for a variety of
reasons:
- Tuscan-style 3 bedroom, 2 bathroom free-hold properties;
- 97m2 houses for only R479,900;
- 127m2 houses for only R539,900;
- Only R3,000 deposit is required;
- The deposit is refunded if certain criteria are met;
- Bond & transfer registration costs included in the price;
- R20,000 discount if purchased pre-launch;
- Seller guarantees to buy back the property at the purchase price, if buyer is not satisfied with the purchase.
In spite of the low prices, buyers get amazing value for money: the properties are built to a high
specification and include granite counter tops, automated solid wooden double garage doors, oven hob and extractor, private
gardens (the average stand size is 320m2), and much more. A wide range of optional extras is also available.
Misty Hills Country Estate offers residents a clubhouse, swimming pool, tennis courts, cricket nets, skate-park, creche,
private school, laundromat, 15,000m2 shopping facilities and more. The complex is secured by a 2.1 meter perimeter wall with electric fencing and a 24-hour manned
guardhouse with patrols.
A projected estimate of the monthly cash-flow is as follows:
Purchase Price : R 479,900
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Bond Repayment (30 yrs @ 11%) : -R 4,570 pm
Less: Estimated Levies : -R 500 pm
Plus: Expected Rental Income : R 3,800 pm
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Nett Monthly Cash-Flow : -R 1,270 pm
As a plot & plan development, the buyer will take transfer of the plot before construction. Bond repayments for the plot will
begin on the date of registration of the plot into the investor's name. An amount can be included in the purchase price
to cater for the repayments during construction, so the first cash outflow is only on completion of the property.
Maps
(requires Google Earth - download here)
Artists Impressions
Plans
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