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R3,850,000

Monthly Bond Repayment R41,722.72
Calculated over 20 years at 11.75% with no deposit. Change Assumptions

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Monthly Rates
R1,500

Lucrative , NFSAS Accredited Student Accommodation

Registered and accredited by the NFSAS (National Student Financial Aid Scheme), this property meets the rigorous standards and regulations for student accommodation. This accreditation adds credibility and appeal, attracting students who rely on financial aid for housing.
With single rooms, sharing rooms, rooms with private bathrooms, and bachelor units, this property caters to the diverse needs and preferences of students, ensuring an inclusive and flexible living experience.
Residents have access to three communal bathrooms, equipped with modern fixtures, a SOLAR GEYSER and amenities for convenience.
A communal kitchen is provided, complete with a stove, fridge, and lockers for students to store their belongings securely.
Enjoy outdoor gatherings in the inviting braai area, fostering a sense of community among residents.
The property is outfitted with CCTV cameras for enhanced security, while Cell 2 Gate services ensure controlled access to the premises. WIFI connectivity is also available. A borehole with a sophisticated filtration system, compliant with NFSAS requirements, ensures a sustainable and reliable water source for the property.

This property presents an outstanding investment opportunity, with a monthly rental income of R79,500.

Its strategic location, comprehensive amenities, and capacity to accommodate a significant number of students make it an attractive prospect for investors seeking a high return on investment.

Contact us today to schedule a viewing and secure your stake in this lucrative venture!

Features

23
7
Interior
Bedrooms
23
Bathrooms
7
Kitchens
2
Furnished
Exterior
Carports / Parkings
4
Sizes
Land Size
655m²
 
  • 1
 

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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

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Expenses

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%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

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%

Monthly Payment

41,722.72

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