Basonia Rock, 43 Rooigrass Ave
Town house in the south of Johannesburg
Sq M
120
Bed
3
Bath
2
TYPE
Sectional Title
| Purchase Price | R600,000 |
| Sold | R950,000 |
| Project Timeline | Nine months |
| Under Contract | Two Weeks |
| Rehab + Holding Cost | R186,000 |
| Profit | R105,000 |
A Serene and welcoming complex
The property was acquired using a combination of bank financing and private capital. The seller was offloading their portfolio, and we successfully turned the property around within a few weeks. However, the extended holding period resulted from delays in the banking and legal processes involved in the transaction.
