News

Sandringham’s One on Anne, scheduled for completion in August 2023, is much more than a sound buy-to-let investment case.

While it offers excellent entry-level pricing, an answer to Sectional Title stock shortage, strong capital appreciation and rental income appreciation, One on Anne is part of a greater master plan to redesign the entire precinct.

Designed for Area Growth and Longevity  

According to Urban Soup who are both the architects and development partners for One on Anne, it is the broader vision that ultimately makes an area successful.  

As development partners, its vested interest in the project goes back to the first stages of ideation where In-depth consultation with property agents for the local market shaped the property’s design and architecture.

According to EasyProperties CEO, Rupert Finnemore, One on Anne does much more than offer a solution to a high demand for quality, Sectional Title accommodation.

" Urban Soup’s thorough research into local market needs, and its vision for the development to act as a catalyst for a greater urban framework is not only inspiring, it provides further reasons to boost investor confidence, " says Finnemore.

Doubling the Local Sectional Title Market

Key to the development’s predicted success is the high demand for Sectional Title rental accommodation which currently only comprises an estimated 10% of the area's property offerings. According to Finnemore, the additional 57 sectional title units into the market by One on Anne will more than double the local Sectional Title market.

A 24 Month Rental Guarantee

"Based on this, EasyProperties has negotiated a 24-month rental guarantee on the units purchased, delivering a net yield of 9.5% per year. In the long run, this provides excellent income certainty while the capital value of the asset has time to grow.

Considering that 88% of all new buyers in the area are in their 40s and younger and the fact that there has been no new Sectional Title development in the area for years, the development will appeal to this segment of buyers, thereby contributing to demand of the product and promoting its capital growth," says Finnemore.

An Affordable Price Point with Architect-Designed Sense of Space

Designed according to a high-security specification and in line with the residential character of its neighbours, developers were also committed to offering a sense of space through features like double-volume ceilings and an impressive private internal courtyard.

Units can be purchased at an average of R17 150 per m², which represents an excellent price point for the area which is known for its secure lifestyle, proximity to OR Tambo International Airport, other established suburbs and excellent amenities.

Tax Deductions

For savvy investors looking for viable tax deductions, One on Anne purchasers will have access to the Section13sex of the Tax Act No 58 of 1962. This enables any taxpayer who owns five or more new residential units, to claim up to 55% of the purchase price as a tax deduction. Deductible over 20 years.

Sandringham enjoys a great location in an established green suburb that offers quality of life and a strong sense of community. According to the EasyProperties investment team, it is the perfect area for middle- to upper-class buyers, young professionals including doctors, lawyers and accountants, or work-from-home entrepreneurs.

The EasyProperties platform, guided by a panel of property experts, offers hand-picked property investment opportunities in the form of fractional ownership shares to investors regardless of net worth or income.

 

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