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R1,950,000

Monthly Bond Repayment R21,132.29
Calculated over 20 years at 11.75% with no deposit. Change Assumptions

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Monthly Rates
R990

Income generating expansive property

This is an investors dream that is currently bringing in an income of R27 000 per month with potential of more income if the main house is let.

The sparkling pool welcomes one into the property where there is a large patio leading into the open plan lounge and dining room.

A fitted kitchen with granite tops and a breakfast bar is located across from the lounge.
The bedrooms are well proportioned and the main bedroom has a walk in closet and an ensuite.

The property is expansive with plenty of space to further expand into a mini complex.

Outbuildings and the basement are all fully tenanted with long term tenants.

With quick access to the M19 and N2 , the university and other shopping areas this property is a very appealing investment.

Features

4
3
2
Pets Allowed
Yes
Interior
Bedrooms
4
Bathrooms
3
Kitchens
1
Reception Rooms
2
Exterior
Garages
2
Carports / Parkings
2
Flatlet
2
Pool
Yes
Sizes
Land Size
1,605m²
Extras
Extractor Fan • Built In Braai • Patio • House Style: Lifestyle • Views: Urban • Locality: Close To Schools • Locality: Close To Shops • Locality: Close To Transport • Living Area: Open Plan • Kitchen: Modern • Kitchen: Breakfast Bar • Kitchen: Double Sink • Kitchen: Separate Cooktop • Kitchen: Under Counter Oven • Kitchen: Finish • Kitchen Finish: Granite • Main Bedroom: Double • Main Bedroom: Built-in-robe • Main Bedroom: Walk-in-robe • Ensuite: Separate Shower • Bedroom 2: Double • Bedroom 2: Built-in / Wardrobe • Bedroom 3: Double • Bedroom 3: Built-in / Wardrobe • Bedroom 4: Double • Bedroom 4: Built-in / Wardrobe • Main Bathroom: Separate Shower • Laundry: In Kitchen • Additional Rooms: Guest Toilet • Window Coverings: Drapes • Window Coverings: Blinds • Heating / Cooling: Split Cycle A/c • Outdoor Living: Entertainment Area • Outdoor Living Entertainment Area: Uncovered • Pool: Inground • Land Contour: Flat To Sloping • Condition: Good • Window/door Frames: Aluminium • Water Supply: Town Supply • Sewerage: Mains

Palmiet, Durban

Originally called Rio de Natal by Vasco d Gama when he visited in 1497 Durban later received its name from a governor of the Cape Colony named Sir Benjamin D'Urban.  Durban is a cultural melting pot of diversity, ethnicity and top-class cuisine that represents culinary influences from around the world.  Located on the northeast coast of South Africa and being the biggest port, Durban is the heart of Kwa-Zulu...
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Transfer Costs

Natural Persons Legal Persons
Transfer Fees
Deeds Office Levy
Transfer Duty
Postage and Petties:
Rates/Levy Clearance
Pro-Rata Rates/Levies
Deeds Office Search
Electronic Document Preparation
Vat @ 15%
TOTAL:
Please note: Most banks charge an administration and initiation fee.
Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.

Bond Costs

  Natural Persons
Fees
Deeds Office Levy
Postage and Petties
Bank Electronic Connection Fee
Electronic Document Preparation
Vat 15%
TOTAL:
GRAND TOTAL:

Income

R Detail your income

Expenses

R Detail your expenses

%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

R
%

Monthly Payment

21,132.29

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