MANAGE YOUR ACCOUNT, DOCUMENTS & PURCHASES FOR SUMMERPARK
Summer Park Umhlanga has seen an equal part of investors and home owners purchasing within this modern estate. With over 40 000 cars passing through the M41 and N2 bridge intersection each day, the anticipation of the game-changing mixed-use development Park Square, and close access to leading businesses and KZN’s biggest Shopping Centre; Umhlanga Ridge Town Centre is the place to live. We take a look at how Summer Park Umhlanga offers investors a great opportunity to achieve rental returns.
It was reported mid-year that in the first half of 2018, KZN property saw a 9% increase compared to last years first half. One of the main factors is the consistent development taking place across the Umhlanga region. The area, especially Umhlanga Ridge Town Centre, is home to a myriad of businesses, popular social hotspots and beautifully crafted residential homes; such as Summer Park Umhlanga. Research found that on average 960 apartments are rented per annum, which adds up to 113% more than the total units sold and transferred within the last 12 months.
Individuals looking to make Umhlanga Ridge Town Centre their home are in search of 2-bedroom apartments, offering security and private first-rate facilities. Summer Park Umhlanga was configured to provide ample 2-bedroom apartment opportunities. It has been recently reported that sectional title opportunities, like Summer Park Umhlanga, perform stronger than freehold properties. As a result, investors who purchase an apartment for rental purposes will see higher returns.
Summer Park Umhlanga has the advantage of being centrally located, as well as being a product that offers incredible facilities and is architecturally designed to provide space and modern living. Contact Summer Park Umhlanga’s dedicated development consultants to talk through the rental return opportunities Summer Park Umhlanga has to offer.