Investment Property in Mutare

Investment Real Estate in Mutare

Investment Property in Mutare
Investment Property in Mutare

Mutare property investment can be a worthwhile venture if you are selective with the areas you choose to invest in. If not, you could find that your investment suffers due to low rental yields, dwindling demand, and slow property price growth in many parts of Mutare .

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Search Map of Mutare Investment Real Estate

Mutare (formerly Umtali ) is the most populous city in the province of Manicaland, and the third most populous city in the Zimbabwe, having surpassed Gweru in the 2012 census, with an urban population of 188,243 and approximately 260,567 in the surrounding districts giving the wider metropolitan area a total population of over 500,000 people. Mutare is also the capital of Manicaland province and the largest city in Eastern Zimbabwe.

Located near the border with Mozambique, Mutare has long been a centre of trade and a key terminus en route to the port of Beira. Mutare is hub for trade with railway links, pipeline transport and highways linking the coast with Harare and the interior. Other traditional industries include timber, papermaking, commerce, food processing, telecommunications, and transportation. In addition the city serves as a gateway to the scenic Eastern Highlands, nearby Gorongosa National Park and the Mozambique coast.

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The financial stability of Mutare has translated into a real estate market that rewards forward planning and a willingness to look beyond areas of traditional affluence.

Buy to Rent in Mutare

Renting out your Mutare buy-to-rent investment property can grow wealth and income.

Whatever your goals with investment property in Mutare are – preparation is key.

  • Set goals based on how much rental yield will be required and the local rental yield rates in Mutare and be prepared to change your initial outlook.
  • Thoroughly research the Mutare location with a special emphasis on fringe areas outside the main Mutare metropolis that may be valued lower than their better-known neighbors. Rental yields of around 5% are still attainable in certain areas of Mutare.
  • Ensure that your target investment property in Mutare appeals to professionals. This is a demographic that ensures maximum income and low voids.
  • Finding and vetting suitable tenants is a job ideally left to the professionals. Working with an established letting agent such as Physis Realty with local knowledge and experience of property legislation will give you the best chance of success.
  • You may think that managing your Mutare properties yourself is an easy option, but are these savings justifiable when you run into Mutare red tape? Physis Realty Mutare office in downtown provides you with peace-of-mind and leaves you time to plan your next move in the growing Mutare buy-to-rent sector.

With our expert guidance, investing in Mutare provides the secure knowledge that your money is working harder than it would in a local Mutare bank and that future generations of your family will be left with substantial capital growth assets.

We are always happy to advise on buying investment property in Mutare, where we have been established for over 35+ years. Physis Realty has been a firm fixture in the Mutare property market through good times and bad. Our experts have seen it all and our portfolios continue to outperform.

Flipping Investment Property in Mutare

Flipping property in Mutare

Flipping property is when we advise clients to buy a Mutare property below market value, renovate it and then make a profit by selling it at a higher price, all within a few months, and often before the Mutare market has a time to react to the renovation.

The Flipping Strategy in Mutare

Investment property flipping in Mutare is a simple strategy. You find a property that is in need of renovation from our list and purchase it for a low price. These type of Mutare real estate investments are sometimes referred to by professionals as ‘distressed’ Mutare real estate.

What is distressed Mutare property:

  • Mutare property in need of renovation
  • Mutare real estate with a change of purpose and use
  • Oversold Mutare property
  • Bank repossessions in Mutare

Put simply, long term investors in Mutare purchase the property, renovate it and make it a lot more attractive to potential buyers.

Calculate profit that you make from Mutare investment property flipping:

Final Selling Price less Cost of Purchase less Costs = Profit

Here is an example:

Mutare property purchase price: $220,000

Renovation costs: $20,000

Other costs: $25,000

Property sale price: $400,000

Profit: $135,000

Experienced property developers in Mutare use a minimum profit value of 22% when looking at potential Mutare projects. The reason for this is because there are lots that can go wrong in Mutare property flipping and working on a potential margin of 22% should still leave a good margin of error.

Luxury Property in Mutare

For luxury property investors hoping to add a superb property in Mutare to their luxury real estate investment portfolio, Physis Realty is a trusted partner.

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A world leader in luxury real estate with a portfolio comprising some of the most sought-after real estate in Mutare, Physis Realty caters particularly to high net-worth individuals and families. A luxury real estate investment in Mutare should be entrusted to only the highest-quality agency.

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