1 Bedroom Apartment For Sale in Sandton

Property description

Set in Dainfern within the greater Fourways node, The Paddocks is a secure, lifestyle-focused estate that consistently attracts tenants looking for convenience, safety and lock-up-and-go living. Residents enjoy an on-site clubhouse lifestyle with communal facilities such as a swimming pool, tennis court, basketball court, children’s play areas and laundry facilities, in an access-controlled environment.

A key drawcard (and the reason investors like this complex) is the walk-to-everything convenience: the estate has direct access to Dainfern Square Shopping Centre with everyday essentials and restaurants, plus a Virgin Active on your doorstep. The wider area supports strong rental demand because it’s close to major lifestyle and retail destinations like Fourways Mall and Montecasino, with easy access toward Sandton and nearby Lanseria International Airport.

What investors typically do here

Most buyers in this price band purchase to place a long-term tenant (typically young professionals) because the security, amenities, and immediate shopping access reduce vacancy risk and keep the unit easy to let. Some owners also explore short-stay accommodation in the area, but that depends on the scheme’s conduct rules and should be confirmed before marketing it that way.

Income possibility at a R650,000 purchase price (gross)

Recent studio/bachelor rental listings in the Dainfern area show asking rentals around R5,800 to R6,500 per month.
Using that range:

Annual rent: R5,800 × 12 = R69,600; R6,500 × 12 = R78,000

Gross yield: R69,600 ÷ R650,000 = 10.7%; R78,000 ÷ R650,000 = 12.0%